What is the definition of Private Banking?
- Posted on November 21, 2019
- Financial Terms
- By admin admin
Private Banking (PB) is a form of wealth management service offered to ultra-high net worth individuals ($5mm and upwards). The services offered by a private bank will include:
- Portfolio investment ideas
- Wealth protection through asset investment such as gold
- Tax avoidance advice
- General financial planning including charitable donations, inheritance, retirement etc
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