Private banking refers to a care for mostly wealthy clients, the more intense and personal than in the massbanking. It is divided into:
Advisory: The customer receives investment proposals of his advisers, on which he based his decision on their own.
Asset management: the client gives the bank to transfer its assets in accordance with established principles,such as managing risk classification, and he does not directly influence individual investment decisions.
Private banking has a centuries-long tradition. In Germany, private banking for a long time mostly privatebankers and the big joint-stock banks reserved. For several years, savings banks and cooperative banks also try to push forward in this area.
The services that are offered through the private banking have expanded steadily due to customer demand.Years ago there were investment proposals and a detailed account statement, it is now often worked withobjective definitions, earnings expectations, and performance assessment and extensive investment proposals.Attention to the needs of customers (eg, certain requirements for credit rating for bonds, bandwidth for the price-earnings ratio of stocks, the exclusion of certain industry groups (arms production, genetic engineering, etc.)) as well as their risk tolerance is discussed individually.
Advisory: The customer receives investment proposals of his advisers, on which he based his decision on their own.
Asset management: the client gives the bank to transfer its assets in accordance with established principles,such as managing risk classification, and he does not directly influence individual investment decisions.
Private banking has a centuries-long tradition. In Germany, private banking for a long time mostly privatebankers and the big joint-stock banks reserved. For several years, savings banks and cooperative banks also try to push forward in this area.
The services that are offered through the private banking have expanded steadily due to customer demand.Years ago there were investment proposals and a detailed account statement, it is now often worked withobjective definitions, earnings expectations, and performance assessment and extensive investment proposals.Attention to the needs of customers (eg, certain requirements for credit rating for bonds, bandwidth for the price-earnings ratio of stocks, the exclusion of certain industry groups (arms production, genetic engineering, etc.)) as well as their risk tolerance is discussed individually.
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