Private banking refers to personalized financial services offered to high-net-worth individuals (HNWIs). It goes beyond regular banking, focusing on wealth preservation, bespoke investment strategies, and legacy planning.

Services typically include portfolio management, tax advisory, estate planning, and access to exclusive financial products. Most private banks require a minimum investable asset of USD 1–5 million.

Private banking is suitable for individuals with complex financial needs, including entrepreneurs, executives, and multi-generational families.

FAQs:

Q: Is private banking the same as wealth management?

A: They overlap, but private banking usually includes broader concierge and relationship services.

User Comments:

  • “We needed more than just investment advice—our bank helped with global asset structuring.”
  • “The one-on-one relationship makes a real difference in decision-making.”

Editor’s Note:

Private banking is not just about returns—it's about strategy, protection, and long-term goals.

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Sophia Tan

About the Author

Marks Toms – Editor-in-Chief
Marks oversees editorial policy, compliance, and fact-checking at bankaccountsopen. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.