Investment Bank List

Wealth Management

Wealth Management is an advanced type of financial planning that provides High net worth individuals and families with private banking, estate planning, asset management, legal resources, and investment management, with the goal of sustaining and growing long-term wealth. The usefulness of and the need for wealth management is inherent in its name.

Whereas financial planning can be helpful for individuals who have accumulated wealth or are just starting to accumulate wealth, you must already have accumulated a significant amount wealth for the wealth management process to be effective.

Examples of Wealth Management include independent advisors like FFR or large corporate entities like Citibank's Citigold and other extensions of retail banking services designed to focus on High-Net Worth retail customers. Such customers would be called internally in a bank 'mass affluent' or 'upper retail' clients because of their Net worth, the number of potential products they own from the bank, their Assets under management and other methods of segmentation. The banks create separate branches, services and other 'benefits' to retain or attract these customers who are typically more profitable than other retail banking customers.

However, wealth management clients are not Private Banking clients because they simply do not have the Net Worth or Assets under management to justify the level of banking services that Private Banks provide.

 

Wealth Management offered in the following locations

Africa | Europe | America
Asia | Caribbean | Middle East
Swiss Banking | All Banks