Benefits of Private Banking Tereza Burki

1. Benefits of Private Banking Tereza Burki Tereza Burki is professional in private banks sector and provides services to the customer for retirement plan, taxation solutions and other specialized financial services. Banks target very comfortable individuals because doing so earns them major returns and guarantees them regular income from clients. The clients of private banking benefit in the following ways: Privacy Customer dealings/transactions and services offered to High net worth individual (HNWI) typically remain anonymous. Banks give their private banking clients with proprietary products that they keep private in order to prevent competitors from attempting to sell similar products to the same clients. High net worth individuals are attracted to the culture of privacy in private banking because it offers them the ability to conceal personal information that, if publicly known, might give their business rivals an undue advantage. They may also simply have a desire to keep their personal financial dealings as private as possible. HNWIs are sometimes subjected to lawsuits involving their investments. Keeping such information confidential gives them a greater sense of security. Discounted Services A bank may offer discounted services to HNWIs as a reward for the large volume of business that they bring to the bank. Services such as tax preparation, corporate checking, and estate management are popular private banking services that may be offered at a discount. Clients involved in export and import

2. businesses may receive attractive foreign exchange rates. HNWIs involved in real estate benefit from the quick and timely processing of their transactions through the lead advisors in charge of their accounts. High Investment Returns Banks often allocate their best-performing personnel to their private banking division to manage the accounts of HNWIs. This practice typically translates to higher investment returns for clients. The rate of return from private banking investments usually ranges between 7% and 13%, and may sometimes go as high as 30%. This is possible because, due to their extensive resources, wealthy clients can get exclusive access to investment vehicles such as top-performing hedge funds, through their affiliation with the bank. The client also gets professional advice from an experienced investment professional on the best investment options offering a high rate of return.