Choosing a private bank (part 2 of 2): Benefits of boutique firms

March 2, 2008 | Comments Off on Choosing a private bank (part 2 of 2): Benefits of boutique firms

Boutique firms can be appealing for many reasons. For most seasoned investors, the reputation of the private banker is just as important as that of the bank. Savvy investors need to like their relationship manager AND the bank itself before transferring assets. Some private banking clients are willing to move part of their asset with […]

Choosing a private bank (part 1 of 2): Benefits of bulge bracket firms

March 1, 2008 | Comments Off on Choosing a private bank (part 1 of 2): Benefits of bulge bracket firms

At first glance, all private banks look alike. But in fact, they differ on fees, product offerings, advice quality and strengths. Roughly private banks belong to either one of the two categories: Bulge Bracket or Boutique. Bulge bracket private banks are the wealth management arms of investment banks or multinational banks. UBS Wealth Management and […]