Private Banks in Luxembourg

Compare leading private banks and their services in Luxembourg

Market Overview

Market Size

$500 billion

Total private banking assets under management

Regulatory Body

CSSF (Commission de Surveillance du Secteur Financier)

Primary financial regulator

Average Management Fee

0.3% - 1.2%

Typical fee range for wealth management

Private Banks in Luxembourg

Leading private banks with Luxembourg operations

Bank Minimum Investment Management Fee Key Services Description

Requirements and Documentation

Financial Requirements

  • ID/Passport
  • Proof of residence
  • Tax compliance

Fee Structure

  • Management Fee: 0.3% - 1.2%
  • Transaction Fee: 0.1% - 0.3%
  • Custody Fee: 0.2% - 0.4%

Frequently Asked Questions

What is the minimum investment for private banking in Luxembourg?

Minimum investments typically range from €1-3 million, varying by bank. Some international banks may require higher amounts for their Luxembourg operations.

What services do Luxembourg private banks offer?

Luxembourg private banks offer comprehensive wealth management services including investment funds, cross-border solutions, estate planning, and EU-focused banking services.

How are private banks regulated in Luxembourg?

Private banks in Luxembourg are regulated by the CSSF (Commission de Surveillance du Secteur Financier) under strict EU and local regulations, ensuring high standards of client protection.

What are the advantages of private banking in Luxembourg?

Luxembourg offers political stability, strong regulatory framework, EU market access, extensive investment fund expertise, and comprehensive cross-border banking solutions.

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