private banks
Elite financial institutions
Private banks are financial institutions that cater to wealthy individuals, offering personalized services like investment management, estate planning, and tax advice.
Unlike retail banks serving the general public, private banks typically require substantial minimum deposits—often millions—and provide dedicated advisors: She moved her assets to a private bank after selling the company.
The term also refers to banks owned by individuals or partnerships rather than publicly traded corporations.
- wealth managementOverseeing affluent clients' finances
- high net worthPossessing considerable financial assets
- client confidentialityDuty protecting shared information
- mutual fundsCollectively managed securities portfolios
- estate planningPreparing asset distribution posthumously
hedge funds · discretion · old money · numbered · retirement planning · tax optimization · Liechtenstein · bespoke · fiduciary · trust fund · asset protection · fee structures · risk assessment · dynasty · entrepreneurs · corporate executives · Swiss · offshore
- financebank, CFO, controller, finance, treasurer
- financial institutionscentral bank, investment bank, merchant bank, credit unions, savings and loan
- German BankingDeutsche Bank, savings bank, cooperative bank, building societies, credit unions
- offshore financetax havens, tax haven, offshore banking, Swiss banking, numbered accounts
- lenderslenders, mortgage lenders, neobanks, microfinance, loan services
- Money Historymoney, coins, currency, coinage, gold coins
private banksretail banks
Banks for ordinary depositors
commercial banks · credit unions · community banks · building societies · ethical banks