Private bank - Financial definition
Financial acronyms
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Concise definition of the term private bank
Banking institution specializing in the management of wealthy clients' assets.
Comprehensive definition of the term private bank
Depending on the type of mandate signed, the service provided by the private bank may go beyond investment advice and may also include the provision of the institution's legal, tax and wealth management expertise, thereby enabling the client to grow and protect his wealth.
. Private banks can be independent or part of a large banking group. Their services are usually accessible to assets whose value is at least a few hundred thousand dollars.