Private banking

A private banking is a Banque which renders finance departments very personalized and sophisticated, often summarized under the expression “Gestion of fortune”, with private individuals holding a Patrimoine Net " important".

The banks general practitioners often have a specialized department, and sometimes of the specific agencies, which get for selected customers services of level similar to those of a private banking. Some groups prefer to have a subsidiary company dedicated to the private banking.

Certain banking groups consider besides that their activity of management of Fonds of investment, even from Stockbroker in purse, comes out more private banking that Banque of investment. That results as well from the differences in approach commercial and techniques between these two trades as need for establishing between them a legal barrier and deontologic. This principle known as of the “wall of China” between their services with the private individuals and those related to the financing of the companies with dimensions avoids in particular the Délit of initiate and that of handling of the courses.

Private management - Management of fortune

There exists a difference between these terms. The difference is done on the level of the amount entrusted by a particuilier to private banking X or Y. In France and on average one speaks about:

Patrimonial Management for amounts entrusted between 150 K€ and 1M€.
Private Management for amounts entrusted between 150 K€ and 5M€.
Management of Fortune of the entrusted amounts of more than 5M€.

Each bank has its categories, the amounts indicated above being averages. As for the family office, it is quite simply about a very top-of-the-range offer reserved for very fortunate families.

In addition to the difference of the inheritance entrusted to the bank, the proposed service by the latter also varies.

In patrimonial and private management , the banks proposes management under mandate or of advised management, the real estate, the goodwills, etc
In management of fortune , one will add to these services, of the proposals for diversified investments and more high-end, as in vineyards, objets d'art, the real estate of luxury, the cars, etc And especially, in management of fortune, an adviser has much less customers in his wallet than in private management, the relation is much more personal.
In Family Office , the banker becomes practically the central and single interlocutor for all the activities of the customer. The banker can propose holiday places, arrange the purchase and often manage the whole of the goods of his customer and his family, the adviser in his placements, his relations, the successions… Only some banks (Rotschild, Pictet…) propose this kind of services.

In a general way, the people having an inheritance Net very high and profiting from top-of-the-range services are called HNWI, High Net Worth Individuals .

Notable private banking

Frenchwomen

LCL Private banking
BNP Paribas Private banking
General society Private Management
Rothschild & Co
the Finance company Edmond de Rothschild
Private banking Fideuram Wargny
Bank of Private Management Indosuez, the group Agricultural credit
Private banking European, subsidiary of the Finance company of the Crédit Mutuel and the group Arkea
the Company 1818, subsidiary of the bank Natixis
Private banking Dominique Saint, subsidiary of the bank Natixis
Neuflize-OBC, subsidiary of the Dutch bank ABN AMRO

Swiss

Hottinger & Co

Lombard Odier Darier Hentsch

Mirabaud

Pictet

Private Banking Union

Association of the Swiss Private Bankers

Bordering & Co

External bonds

Article of Finance & Strategies on the evolution of the Private banking

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