Get answers to common questions about private banking services, requirements, and processes.
Private banking provides comprehensive banking services (lending, deposits, credit) plus wealth management, typically requiring $1M+ minimums. Wealth management focuses primarily on investment advisory services with lower minimums ($100K-$1M) but limited banking capabilities.
Wealth management typically has lower minimums starting around $100K-$500K, while private banking usually requires $1M-$25M+. This makes wealth management more accessible for emerging wealthy individuals.
Not necessarily. If you only need investment advisory services, wealth management may be more appropriate and cost-effective. Choose private banking when you need comprehensive banking services, lending, or have complex financial structures requiring integrated solutions.
Investment returns depend more on strategy and manager skill than service type. Private banking may offer access to exclusive investments and alternative assets, while wealth management focuses on optimized portfolio management. Both can deliver strong returns when well-executed.
Complete comparison guide to help you choose the right financial services
$1M - $25M+ typical minimums
$100K - $1M typical minimums
Comprehensive banking + investment services
Primarily investment management focused
Full banking: lending, credit, deposits
Limited or no banking services
Extensive alternatives, private markets
Public markets, some alternatives
Highly personalized, dedicated teams
Personalized but less intensive
1.0%-2.5% + banking fees
0.5%-1.5% investment fees
Private banking provides comprehensive banking services (lending, deposits, credit) plus wealth management, typically requiring $1M+ minimums. Wealth management focuses primarily on investment advisory services with lower minimums ($100K-$1M) but limited banking capabilities.
Wealth management typically has lower minimums starting around $100K-$500K, while private banking usually requires $1M-$25M+. This makes wealth management more accessible for emerging wealthy individuals.
Not necessarily. If you only need investment advisory services, wealth management may be more appropriate and cost-effective. Choose private banking when you need comprehensive banking services, lending, or have complex financial structures requiring integrated solutions.
Investment returns depend more on strategy and manager skill than service type. Private banking may offer access to exclusive investments and alternative assets, while wealth management focuses on optimized portfolio management. Both can deliver strong returns when well-executed.