Private Banks in Singapore
Compare leading private banks and their services in Singapore
Market Overview
Market Size
$900 billion
Total private banking assets under management
Regulatory Body
MAS (Monetary Authority of Singapore)
Primary financial regulator
Average Management Fee
0.35% - 1.25%
Typical fee range for wealth management
Private Banks in Singapore
Local Banks
| Bank | Minimum Investment | Management Fee | Key Services | Heritage | |
|---|---|---|---|---|---|
| SGD 1,000,000 | 0.42% - 1.52% |
| Since 1935 | Get Matched | |
| SGD 2,000,000 | 0.40% - 1.50% |
| Since 1932 | Get Matched | |
| SGD 2,000,000 | 0.40% - 1.50% |
| Since 2010 | Get Matched | |
| SGD 3,000,000 | 0.45% - 1.55% |
| Since 1968 | Get Matched |
Global Banks
| Bank | Minimum Investment | Management Fee | Key Services | Heritage | |
|---|---|---|---|---|---|
| USD $1,000,000 | 0.45% - 1.35% |
| Since 1856 | Get Matched | |
| £1,000,000 | 0.50% - 1.45% |
| Since 1896 | Get Matched | |
| CHF 1,000,000 | 0.65% - 1.75% |
| Since 1890 | Get Matched | |
| USD $2,000,000 | 0.50% - 1.50% |
| Since 1862 | Get Matched | |
| USD 2,000,000 | 0.50% - 1.60% |
| Since 1853 | Get Matched | |
| €3,000,000 | 0.55% - 1.65% |
| Since 1870 | Get Matched | |
| USD $5,000,000 | 0.60% - 1.75% |
| Since 1799 | Get Matched | |
| $5,000,000 | 0.65% - 1.85% |
| Since 1935 | Get Matched | |
| $5,000,000 | 0.60% - 1.75% |
| Since 1865 | Get Matched | |
| $10,000,000 | 0.75% - 2.25% |
| Since 1869 | Get Matched | |
| USD 25,000,000 | 0.80% - 1.90% |
| Since 1812 | Get Matched |
Requirements and Documentation
Minimum Investment
SGD 1,000,000
Typical minimum investment requirement
Required Documentation
- Passport
- Proof of residence
- Source of funds declaration
Key Regulations
Banking Act
Securities and Futures Act
MAS Guidelines
Frequently Asked Questions
What is the minimum investment for private banking in Singapore?
Minimum investments for private banking in Singapore typically start from SGD 1,000,000, varying by bank and services required.
How are private banks regulated in Singapore?
Private banks in Singapore are regulated by MAS (Monetary Authority of Singapore) under strict regulatory frameworks ensuring client protection and financial stability.
What are the typical management fees in Singapore?
Management fees for private banking in Singapore typically range from 0.35% - 1.25%, depending on the bank and portfolio size.
What services do private banks in Singapore offer?
Private banks in Singapore offer comprehensive wealth management services including investment advisory, estate planning, tax optimization, and family office services.
How do I open a private bank account in Singapore?
Opening a private bank account in Singapore requires meeting minimum investment thresholds, providing extensive documentation, and undergoing comprehensive due diligence processes.
What are the tax implications of private banking in Singapore?
Private banking in Singapore involves complex tax considerations including reporting requirements, tax optimization strategies, and compliance with international regulations like CRS and FATCA.
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