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Repost~~Again~~Private Banking Information

3/18/2015

 

Good time to re-post this.....
KEEP YOUR INFORMATION PRIVATE
AND DO NOT GIVE YOUR INFORMATION TO ANYONE ON ANY FORUM OR CHAT ROOM TO GET A BANK DEAL..YOU CAN NEGOTIATE YOUR OWN WITH THE PRIVATE BANKER OF YOUR CHOICE.....KEEP IT PRIVATE BETWEEN YOU AND YOUR BANKER, ETC, OF CHOICE..THERE IS A REASON IT IS CALLED "PRIVATE".

FOR MORE INFORMATION ON PRIVATE BANKING AND THE QUESTIONS TO ASK THEM WHEN THE RV OCCURS, IS LOCATED ON THE PRE & POST RV TAB ON THE RIGHT HAND SIDE  "PRIVATE BANKING". 

ALSO CHECK OUT FINANCIAL PLANNING INFORMATION" TO HELP YOU IN CHECKING OUT PEOPLE YOU ARE CONSIDERING WORKING WITH - MAKE SURE YOU HAVE CHECKED THEM OUT BEFORE GIVING ANY INFORMATION TO ANYONE.. CHECK THEM OUT FIRST!!! TAKE YOUR TIME - THERE IS NO RUSH!!!



Private Banking:  Contacts & Websites
Link
Capital One Private Banking Group


Read More

Private Bankers: Questions to Ask Professionals~~Reposted

7/11/2013

 
REPOST FROM 2011

Private Bankers:  Questions to Ask


Link

Below are questions that may be helpful as a starting point when interviewing potential professionals whose services you may wish to engage such as Private Bankers, general legal counsel, tax attorneys, CPA’s, investment bankers, financial planners, or any expert whose advice upon which you would ever base important decisions.  


The IQD Team Connection
www.theiqdteamconnection.com


1.  How long have you been in practice?

2.  Is this what you do exclusively?

3.  Ask for client references.  (They may not feel comfortable to give individual names as references, but more often will provide companies for which they perform services)

4.  Let them know an approximate range of wealth for which you are getting their advice, and ask if that is a range with which they are either experienced or is that the range of their typical client? 

5.  Ask if you followed their advice and if there would be a regulatory, tax, or legal problem, would they be there for you during the audits, meetings, or legal proceedings until the situation is resolved?  

6.  Ask if their services/work or they themselves are insured, guaranteed, or bonded, and up to what limits? 

7.  Ask if they have had personal experience defending or arbitrating for clients in the field they are in 

8.  In those situations did they prevail, or were they able to successfully represent or defend their clients?

9.  Ask for their education, certificates, licenses, and/or certifications they have achieved or have earned.

10.  Ask them for any professional memberships or associations in which they may be a member in good standing.

11.  Ask them if they offer any incentives, perks, etc for their clients.  

Also, please make sure you check out their standing with state bar associations or licensing bureaus.  

Check out the FINANCIAL tab at www.theiqdteam.com for additional information on checking the background of professionals.



questions_to_ask_professionals.txt

Repost~~Private Banking Contacts & Websites

5/3/2013

 
Good time to re-post this.....
KEEP YOUR INFORMATION PRIVATE
AND DO NOT GIVE YOUR INFORMATION TO ANYONE ON ANY FORUM OR CHAT ROOM TO GET A BANK DEAL..YOU CAN NEGOTIATE YOUR OWN WITH THE PRIVATE BANKER OF YOUR CHOICE.....KEEP IT PRIVATE BETWEEN YOU AND YOUR BANKER, ETC, OF CHOICE..THERE IS A REASON IT IS CALLED "PRIVATE".

FOR MORE INFORMATION ON PRIVATE BANKING AND THE QUESTIONS TO ASK THEM WHEN THE RV OCCURS, IS LOCATED ON THE PRE & POST RV TAB ON THE RIGHT HAND SIDE  "PRIVATE BANKING". 

ALSO CHECK OUT FINANCIAL PLANNING INFORMATION" TO HELP YOU IN CHECKING OUT PEOPLE YOU ARE CONSIDERING WORKING WITH - MAKE SURE YOU HAVE CHECKED THEM OUT BEFORE GIVING ANY INFORMATION TO ANYONE.. CHECK THEM OUT FIRST!!! TAKE YOUR TIME - THERE IS NO RUSH!!!




Private Banking:  Contacts & Websites
Link
Capital One Private Banking Group 
  
The personal service you've earned.
With Capital One Private Banking Group, you'll have a dedicated, experienced private banker who works hand-in-hand with your staff and our team of commercial banking specialists to create a customized solution that helps meet the financial objectives of your business. Our Private Banking Group will provide your company with the personal service that can help take your commercial banking – and business success – to a new level.

  
For more information, e-mail commercial@capitalonebank.com. 
  
https://www.capitalone.com/bank/commercial/privatebanking/index.php 
  
What is private banking?
Private banking is about much more than traditional banking services of deposits and loans. It's about providing the personal one-to-one service that is essential after a certain level of wealth. It's about finding creative solutions to complicated situations to help affluent individuals and their families manage their wealth today, and develop new sources of wealth for future generations. 

  
From international tax and investment services to specialist advice for family offices, a private bank offers a comprehensive menu of sophisticated products and services that cater for the particular financial needs of a wealthy client. 
  

Private banking with HSBC 
  
At HSBC Private Bank, our approach is to take a complete view of your wealth. Your relationship manager will help you identify your wealth goals and develop personalised strategies to help you achieve them. We can help you: 
  
Manage your wealth: Private banking is about building relationships. We believe in providing a service that is personal, and personalised. We begin by understanding your individual financial needs, and endeavour to find the best solutions to fit your inevitably unique situations 
  
Develop and protect your wealth for the future: It is as important to manage your wealth today as it is to plan for tomorrow, and for the generations that follow you. With one of the largest trust businesses and a global network of investment services spanning six continents and all major markets, HSBC Private Bank strongly believes in securing the financial future of you and your family, and in finding new sources of wealth most appropriate to your needs and interests 
  
Manage the impacts of wealth: Wealth can present unique lifestyle situations. Whether you are buying new homes, investing in art or even relocating overseas, a relationship with HSBC Private Bank opens up a range of specialist services to you and your family. Our teams of specialists offer expertise in areas including philanthropy, property investment, tax advisory and media. 
  
Most importantly, we understand that your needs are different, as will be the solutions we offer. If you are looking for the services of a private bank, find out more about our services, or please contact us. 
  
http://www.hsbcprivatebank.com/aboutus/what-is-private-banking.html
  
  
T D Bank  Private Banking 

  
For many of our clients, time is a precious asset. Dedicated to meeting the demands of business, and determined to enjoy the pleasures of family and friends, you look for all opportunities to make the most of every minute of every day. You look for a trusted advisor who can help you effectively manage your finances to free up more of your time. 
  
Your financial goals and unique needs 
  
If you need customized credit solutions or have other similar complex banking needs, then our higher level of service is for you. Your Private Banker plays a proactive role in helping you manage your finances, cultivate and preserve your assets, and transfer your wealth across generations. You'll have the peace of mind of knowing that a skilled and knowledgeable professional is keeping a close eye on your financial well-being. 
  
Your Private Banker will work with you to understand your unique personal, family, and business circumstances and bring together a team of experts within Private Client Services in the areas of banking, investment, trust and estate. 
  
Comprehensive solutions
To implement your plan, Private Banking, through TD Bank, N.A. and its affiliates, offers a wide range of borrowing, investment and banking solutions that recognize that your business and personal finances are often interconnected, including:
Deposit services
Credit Management Services
Investment Services
Estate Planning Services
 
  
We can provide individually structured borrowing designed to manage and build your assets and enhance long-term liquidity and tax effectiveness. In addition, we can work with your lawyers, accountants and other advisors at your request. 
  
http://www.tdbank.com/investments/private_client_services/private_banking.html 
  
  
Citi Bank Private Banking 
  
Combining World-Class Investing and Private Banking
We are one of the leading providers of investing, banking, lending and wealth advice to the world's most successful individuals and families. We are an important
partner with technology and real estate entrepreneurs, law firms and attorneys, as well as the principals of venture-capital, private-equity and hedge-fund firms.
The leaders of industry, finance and culture come to us for the kind of comprehensive services they can only get from a truly global private bank with a broad base
of investing experience.
 
  
Exceptional Service
When a client joins us, he or she is assigned a Private Banker, who is dedicated to creating, managing and enhancing the client's wealth. Each Private Banker is
supported by a robust team of specialists in a variety of disciplines:
Investing
Risk Management
Lending
Investment Banking
Trust
Philanthropy
Art
and more.
 
  
But at all times, each Private Banker acts as the client's point of access to the vast resources of Citi—and what they can make possible. To see if we can
help you, find a Private Banker near you.
 
  
https://www.privatebank.citibank.com/our_firm.htm   
  

J P Morgan Bank   
  
More than 160 years helping the world's wealthiest individuals and their families grow, manage and sustain their wealth
Manage more than $600 billion in client assets
Serve clients from 64 offices globally; employ 5,610 people worldwide
Our Approach
 
  
Seek to deliver positive risk-adjusted returns appropriate to our clients' financial goals and risk tolerances
Provide an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking
Leverage both J.P. Morgan-affiliated managers and third-party managers who are subject to rigorous ongoing due diligence
Communicate closely and regularly with clients to keep them constantly informed about the changing landscape
Compensate our advisors based on our clients' performance; no one is paid on commission
 
  
http://www.jpmorgan.com/pages/jpmorgan/private_banking/tampa?gclid=CLq3mMqGtqgCFQbe4AodEirYCA 
  
  
  
Wells Fargo Bank 
  
Wealth Planning
At Wells Fargo Private Bank, our holistic approach to wealth planning starts with your relationship manager. You and your relationship manager will draw support from a team of highly experienced specialists.
Key elements of wealth planning at The Private Bank
 
  
Our wealth planning process focuses on developing a clear picture of your unique needs and goals, and leads to a personalized action plan that aligns solutions with those goals. 
  
The wealth planning process begins with a core planning review that enables us to: 
  
Identify your key goals and objectives, and the wealth management issues most important to you
Gather the information necessary to develop a net worth statement
Understand your tolerance for investment risk
Review your basic estate documents, including wills, powers of attorney, living trusts and beneficiary designations
Your dedicated wealth planning team
 
  
From this foundational understanding, your relationship manager will coordinate a team of local specialists tailored to your unique needs and goals. 
  
For clients with comprehensive or complex wealth planning needs, we can provide consultation on various components of your wealth plan, including: 
  
Retirement and cash flow planning
Company benefits and equity compensation analysis
Risk analysis and insurance planning
Investment planning and asset allocation
Education funding analysis
Estate services and gift planning
Charitable planning
Corporate executive planning services
Business advisory services
 
  
Our highly experienced professionals also provide specialized wealth planning services to clients who own a closely held business, or hold a senior executive position at a Fortune 1000 firm. 
  
The wealth planning process often identifies several options for you to consider. Your relationship manager and planning specialist can help you decide which of the solutions and strategies are most appropriate for you. Then, your relationship manager will mobilize The Private Bank’s full resources to put your plan into action. 
  
https://www.wellsfargo.com/theprivatebank/ 
  
  
  
Charter One Private Bank & Trust 
  
We locally deliver thoughtful, comprehensive 
  
Wealth Management Services through experienced professionals - one client at a time. 
  
Receive the around-the-clock personal attention you deserve from your dedicated private client team. 
  
We know you’re busy. We know your daily demands. We understand that there are only 24-hours in a day to achieve the things you need to do – and that your personal banking and investments needs are more complex. 
  
Charter One Private Bank & Trust can help. 
  
If you’re an individual or institution with $1.5 million investable assets or more, we are committed to providing you the very best service we have to offer. 
  
Your dedicated Client Advisor will handle all of your unique banking and investment needs. We’ll also meet with you regularly to ensure that your current strategy meets your objectives while updating and adjusting your plan as needed. 
  
No matter where you are — China, Brazil, Paris or your own backyard–we can deliver 24/7, one-on-one private wealth management solutions for you including: 
  
Banking Services 
  
You can benefit from highly personalized banking products featuring our best relationship rates. As a Private Bank and Trust customer, you will also have access to exclusive debit cards and checks and receive expedited processing on loans, mortgages and credit card requests. 
  
Investment Management Services 
  
When it comes to investing, we understand that you have unique priorities, needs and risk tolerance. Whether it’s setting up a loan or managing your portfolio, our wealth management services are tailored to you, and your goals. 
  
Estate Planning 
  
You’ve worked hard over your lifetime. You’ve successfully grown your wealth. It’s no surprise that you want to make sure your wealth gets to the right people or organizations. Estate Planning can help you ensure that your plans will be fulfilled through Wills, Tax Planning, Power of Attorney and more. 
  
Personal Trusts 
  
There may come a time when you may have to assign someone else to manage and protect your assets; and safeguard your financial privacy. A trust is the perfect instrument to delegate this responsibility. 
  
Charitable Planning 
  
You’ve reaped the rewards of your hard work, and now you want to give back. We can help you explore many ways to donate to the causes that are important to you through charitable contributions, permanent legacies and foundations. 
  
For more than 100 years, we’ve helped our clients preserve and grow wealth. As your trusted partner we will leverage our global resources to deliver local, sophisticated wealth management solutions to help you achieve your future dreams. 
  
Ready to get started? 
  
Learn more about our personalized wealth management services and how a Client Advisor from Charter One can handle all of your short and long-term banking and investing goals. 
  
Call 1-888-411-8711 
  
You can also visit a local branch, or we’ll contact you when you fill out the following quick and easy form: 
  
Call 1-888-411-8711 
  
Speak to a Client Advisor 
  
http://www.charterone.com/personal-investing/private-banking.aspx

Financial Planner~~Questions to ask and Information~~Repost from Sept 2011

5/3/2013

 
Financial Planner~~Questions to ask and Information~~Repost from Sept 2011


  Repost from 2011


Financial Planners
 
You may be considering help from a financial planner for a number of reasons, whether it's deciding to buy a new home, planning for retirement or your children's education, or simply not having the time or expertise to get your finances in order. Whatever your needs, working with a financial planner can be a helpful step in securing your financial future.
 
The questions in this brochure will help you interview and evaluate several financial planners to find the one that's right for you. You will want to select a competent, qualified professional with whom you feel comfortable, one whose business style suits your financial planning needs. An interview checklist has been included for your convenience.
 
10 Questions   
 
Checklist for Interviewing a Financial Planner            
 
To Check the Disciplinary History of a Financial Planner or Adviser
 
To Find a Financial Planner in Your Area        
 
Learn About Financial Planning Online  
 
About CFP Board           
 
 
 
10 Questions:
 
1. What experience do you have?
 
Find out how long the planner has been in practice and the number and types of companies with which she has been associated. Ask the planner to briefly describe her work experience and how it relates to her current practice. Choose a financial planner who has experience counseling individuals on their financial needs.
 
2. What are your qualifications?
 
The term "financial planner" is used by many financial professionals. Ask the planner what qualifies him to offer financial planning advice and whether he is recognized as a CERTIFIED FINANCIAL PLANNER™ professional or CFP® practitioner, a Certified Public Accountant/ Personal Financial Specialist (CPA/PFS), or a Chartered Financial Consultant (ChFC). Look for a planner who has proven experience in financial planning topics such as insurance, tax planning, investments, estate planning or retirement lanning.
 
Determine what steps the planner takes to stay current with changes and developments in the financial planning field. If the planner holds a financial planning designation or certification, check on his background with CFP Board or other relevant professional organizations.
 
Read More button on right
3. What services do you offer?
 
The services a financial planner offers depend on a number of factors including credentials, licenses and
 
areas of expertise. Generally, financial planners cannot sell insurance or securities products such as mutual funds or stocks without the proper licenses, or give investment advice unless registered with state or Federal authorities. Some planners offer financial planning advice on a range of topics but do not sell financial products. Others may provide advice only in specific areas such as estate planning or on tax matters.
 
4. What is your approach to financial planning?
 
Ask the financial planner about the type of clients and financial situations she typically likes to work with.
 
Some planners prefer to develop one plan by bringing together allof your financial goals. Others provide advice on specific areas, as needed. Make sure the planner's viewpoint on investing is not too cautious or overly aggressive for you. Some planners require you to have a certain net worth before offering services.
 
Find out if the planner will carry out the financial recommendations developed for you or refer you to others who will do so.
 
5. Will you be the only person working with me?
 
The financial planner may work with you himself or have others in the office assist him. You may want to meet everyone who will be working with you. If the planner works with professionals outside his own practice (such as attorneys, insurance agents or tax specialists) to develop or carry out financial planning recommendations, get a list of their names to check on their backgrounds.
 
6. How will I pay for your services?
 
As part of your financial planning agreement, the financial planner should clearly tell you in writing how she will be paid for the services to be provided.
 
Planners can be paid in several ways:
 
A salary paid by the company for which the planner works. The planner's employer receives payment from you or others, either in fees or commissions, in order to pay the planner's salary.
 
Fees based on an hourly rate, a flat rate, or on a percentage of your assets and/or income.
 
Commissions paid by a third party from the products sold to you to carry out the financial planning recommendations. Commissions are usually a percentage of the amount you invest in a product.
 
A combination of fees and commissions whereby fees are charged for the amount of work done to develop financial planning recommendations and commissions are received from any products sold. In addition, some planners may offset some portion of the fees you pay if they receive commissions for carrying out their recommendations.
 
7. How much do you typically charge?
 
While the amount you pay the planner will depend on your particular needs, the financial planner should be able to provide you with an estimate of possible costs based on the work to be performed. Such costs should include the planner's hourly rates or flat fees or the percentage he would receive as commission on products you may purchase as part of the financial planning recommendations.
 
8. Could anyone besides me benefit from your recommendations?
 
Some business relationships or partnerships that a planner has could affect her professional judgment while working with you, inhibiting the planner from acting in your best interest. Ask the planner to provide you with a description of her conflicts of interest in writing. For example, financial planners who sell insurance policies, securities or mutual funds have a business relationship with the companies that provide these financial products. The planner may also have relationships or partnerships that should be disclosed to you, such as business she receives for referring you to an insurance agent, accountant or attorney for implementation of planning suggestions.
 
9. Have you ever been publicly disciplined for any unlawful or unethical actions in your professional career?
 
Several government and professional regulatory organizations, such as the National Association of  Securities Dealers (NASD), your state insurance and securities departments, and CFP Board keep records on the disciplinary history of financial planners and advisers. Ask what organizations the planner is regulated by and contact these groups to conduct a background check. (See listing at right.) All financial planners
 
who have registered as investment advisers with the Securities and Exchange Commission or state securities agencies, or who are associated with a company that is registered as an investment adviser, must be able to provide you with a disclosure form called Form ADV Part II or the state equivalent of that form.
 
10. Can I have it in writing?
 
Ask the planner to provide you with a written agreement that details the services that will be provided. Keep this document in your files for future reference.
 
Checklist for Interviewing a Financial Planner Planner's Name:
 
 
 
__________________________________________________
 
Company: _______________________________________________________
 
Address: ________________________________________________________
 
Phone: __________________________________________________________
 
Date: ___________________________________________________________
 
1. Do you have experience in providing advice on the topics below? If yes, indicate the number of years.
 
Retirement planning
 
Investment planning
 
Tax planning
 
Estate planning
 
Insurance planning
 
Integrated planning
 
Other
 
2. What are your areas of specialization?
 
What qualifies you in this field?
 
3. a. How long have you been offering financial planning advice to clients?
 
Less than one year
 
One to four years
 
Five to 10 years
 
More than 10 years
 
b. How many clients do you currently have?
 
Less than 10 clients
 
10 to 39
 
40 to 79
 
80 +
 
4. Briefly describe your work history.
 
5. What are your educational qualifications?
 
     Give area of study.
 
Certificate
 
Undergraduate degree
 
Advanced degree
 
Other
 
6. What financial planning designation(s) or certification(s) do you hold?
 
Certified Financial Planner™ or CFP®
 
Certified Public Accountant/Personal Financial Specialist (CPA/PFS)
 
Chartered Financial Consultant (ChFC)
 
Other
 
7. What financial planning continuing education requirements do you fulfill?
 
8. What licenses do you hold?
 
Insurance
 
Securities
 
CPA
 
J.D.
 
Other
 
9. a. Are you personally licensed or registered as an Investment Adviser with the:
 
State(s)?
 
Federal Government?
 
If no, why not?
 
b. Is your firm licensed or registered as an Investment Adviser with the:
 
State(s)?
 
Federal Government?
 
If no, why not?
 
c. Will you provide me with your disclosure document Form ADV Part II or its state equivalent?
 
Yes
 
No
 
If no, why not?
 
10. What services do you offer?
 
11. Describe your approach to financial planning.
 
12. a. Who will work with me?
 
Planner
 
Associate(s)
 
b. Will the same individual(s) review my financial situation?
 
Yes
 
No
 
If no, who will?
 
13. How are you paid for your services?
 
Fee
 
Commission
 
Fee and commission
 
Salary
 
Other
 
14. What do you typically charge?
 
a. Fee:
 
Hourly rate $ _________
 
Flat fee (range) $ _________ to $ _________
 
Percentage of assets under management _________ percent
 
b. Commission:
 
What is the approximate percentage of the investment or premium you receive on:
 
stocks and bonds _________
 
mutual funds _________
 
annuities _________
 
insurance products _________
 
other _________
 
15. a. Do you have a business affiliation with any company whose products or services you are
 
recommending?
 
Yes
 
No
 
Explain:
 
b. Is any of your compensation based on selling products?
 
Yes
 
No
 
Explain:
 
c. Do professionals and sales agents to whom you may refer me send business, fees or any other benefits to
 
you?
 
Yes
 
No
 
Explain:
 
d. Do you have an affiliation with a broker/dealer?
 
Yes
 
No
 
e. Are you an owner of, or connected with, any other company whose services or products I will use?
 
Yes
 
No
 
Explain:
 
16. Do you provide a written client engagement agreement?
 
Yes
 
No
 
If no, why not?
 
To Check the Disciplinary History of a Financial Planner or Adviser:
 
Certified Financial Planner Board of Standards, Inc.
 
            888-237-6275       - www.CFP.net/
 
North American Securities Administrators Association
 
            202-737-0900       - www.nasaa.org
 
National Association of Insurance Commissioners
 
            816-842-3600       - www.naic.org
 
Financial Industry Regulatory Authority (FINRA)
 
            800-289-9999       - www.finra.org
 
National Fraud Exchange (fee involved)
 
            800-822-0416     
 
Securities and Exchange Commission
 
            202-942-7040       - www.sec.gov
 
To Find a Financial Planner in Your Area  Financial Planning Association
 
            800-282-7526       - www.fpanet.org
 
National Association of Personal Financial Advisors
 
            888-333-6659       - www.napfa.org
 
American Institute of Certified Public Accountants/Personal Financial Planning Division
 
            888-999-9256       - www.aicpa.org
 
Society of Financial Service Professionals
 
            888-243-2258       - www.financialpro.org
 
Learn About Financial Planning Online
 
 
 
CFP Board's Web site, www.CFP.net/learn, is a comprehensive resource for financial planning, offering useful information for visitors at every stage of the financial planning learning curve. Interactive tools provide help for your personal situation, including changing jobs, managing debt, planning your retirement and more. Join the eNewsletter for updates and check back regularly to participate in polls and quizzes.
 
About CFP Board
 
The information in this brochure is provided as a public service by Certified Financial Planner Board of  Standards Inc. (CFP Board). A nonprofit, professional regulatory organization, CFP Board fosters professional standards in personal financial planning so that the public values, has access to and benefits from competent and ethical financial planning.
 
The U.S. Securities and Exchange Commission's Office of Investor Education and Assistance has reviewed this publication. The SEC does not endorse the commercial activities, products or members of this or any other private organization.
 
It's your future. Plan it!SM is a service mark owned by Certified Financial Planner Board of Standards Inc.
 
This publication may be reprinted for educational and nonprofit purposes only.
 
Certified Financial Planner Board of Standards, Inc.
 
1670 Broadway, Suite 600, Denver, Colorado 80202-4809
 
Consumer Toll-free Number:   888-CFP-MARK  (888-237-6275)
 
P: 303-830-7500     
 
F: 303-860-7388
 
E: mail@CFP-Board.org
 
W: www.CFP.net/learn
 
Copyright © 1998-2003, Certified Financial Planner Board of Standards Inc. All rights reserved.
 
http://www.pueblo.gsa.gov/cic_text/money/financial-planner/10questions.html
 
--------------------------
 
From "THE IQD TEAM"  
Sept. 8, 2011

Financial Planner~~Questions to ask and Information~~Repost from Sept 2011

4/16/2013

 
Repost from 2011

Financial Planners
 
You may be considering help from a financial planner for a number of reasons, whether it's deciding to buy a new home, planning for retirement or your children's education, or simply not having the time or expertise to get your finances in order. Whatever your needs, working with a financial planner can be a helpful step in securing your financial future.
 
The questions in this brochure will help you interview and evaluate several financial planners to find the one that's right for you. You will want to select a competent, qualified professional with whom you feel comfortable, one whose business style suits your financial planning needs. An interview checklist has been included for your convenience.
 
10 Questions   
 
Checklist for Interviewing a Financial Planner            
 
To Check the Disciplinary History of a Financial Planner or Adviser
 
To Find a Financial Planner in Your Area        
 
Learn About Financial Planning Online  
 
About CFP Board           
 
 
 
10 Questions:

 
1. What experience do you have?
 
Find out how long the planner has been in practice and the number and types of companies with which she has been associated. Ask the planner to briefly describe her work experience and how it relates to her current practice. Choose a financial planner who has experience counseling individuals on their financial needs.
 
2. What are your qualifications?
 
The term "financial planner" is used by many financial professionals. Ask the planner what qualifies him to offer financial planning advice and whether he is recognized as a CERTIFIED FINANCIAL PLANNER™ professional or CFP® practitioner, a Certified Public Accountant/ Personal Financial Specialist (CPA/PFS), or a Chartered Financial Consultant (ChFC). Look for a planner who has proven experience in financial planning topics such as insurance, tax planning, investments, estate planning or retirement lanning.
 
Determine what steps the planner takes to stay current with changes and developments in the financial planning field. If the planner holds a financial planning designation or certification, check on his background with CFP Board or other relevant professional organizations.
 
Read More button on right
3. What services do you offer?

 
The services a financial planner offers depend on a number of factors including credentials, licenses and
 
areas of expertise. Generally, financial planners cannot sell insurance or securities products such as mutual funds or stocks without the proper licenses, or give investment advice unless registered with state or Federal authorities. Some planners offer financial planning advice on a range of topics but do not sell financial products. Others may provide advice only in specific areas such as estate planning or on tax matters.
 
4. What is your approach to financial planning?
 
Ask the financial planner about the type of clients and financial situations she typically likes to work with.
 
Some planners prefer to develop one plan by bringing together allof your financial goals. Others provide advice on specific areas, as needed. Make sure the planner's viewpoint on investing is not too cautious or overly aggressive for you. Some planners require you to have a certain net worth before offering services.
 
Find out if the planner will carry out the financial recommendations developed for you or refer you to others who will do so.
 
5. Will you be the only person working with me?
 
The financial planner may work with you himself or have others in the office assist him. You may want to meet everyone who will be working with you. If the planner works with professionals outside his own practice (such as attorneys, insurance agents or tax specialists) to develop or carry out financial planning recommendations, get a list of their names to check on their backgrounds.
 
6. How will I pay for your services?
 
As part of your financial planning agreement, the financial planner should clearly tell you in writing how she will be paid for the services to be provided.
 
Planners can be paid in several ways:
 
A salary paid by the company for which the planner works. The planner's employer receives payment from you or others, either in fees or commissions, in order to pay the planner's salary.
 
Fees based on an hourly rate, a flat rate, or on a percentage of your assets and/or income.
 
Commissions paid by a third party from the products sold to you to carry out the financial planning recommendations. Commissions are usually a percentage of the amount you invest in a product.
 
A combination of fees and commissions whereby fees are charged for the amount of work done to develop financial planning recommendations and commissions are received from any products sold. In addition, some planners may offset some portion of the fees you pay if they receive commissions for carrying out their recommendations.
 
7. How much do you typically charge?
 
While the amount you pay the planner will depend on your particular needs, the financial planner should be able to provide you with an estimate of possible costs based on the work to be performed. Such costs should include the planner's hourly rates or flat fees or the percentage he would receive as commission on products you may purchase as part of the financial planning recommendations.
 
8. Could anyone besides me benefit from your recommendations?
 
Some business relationships or partnerships that a planner has could affect her professional judgment while working with you, inhibiting the planner from acting in your best interest. Ask the planner to provide you with a description of her conflicts of interest in writing. For example, financial planners who sell insurance policies, securities or mutual funds have a business relationship with the companies that provide these financial products. The planner may also have relationships or partnerships that should be disclosed to you, such as business she receives for referring you to an insurance agent, accountant or attorney for implementation of planning suggestions.
 
9. Have you ever been publicly disciplined for any unlawful or unethical actions in your professional career?
 
Several government and professional regulatory organizations, such as the National Association of  Securities Dealers (NASD), your state insurance and securities departments, and CFP Board keep records on the disciplinary history of financial planners and advisers. Ask what organizations the planner is regulated by and contact these groups to conduct a background check. (See listing at right.) All financial planners
 
who have registered as investment advisers with the Securities and Exchange Commission or state securities agencies, or who are associated with a company that is registered as an investment adviser, must be able to provide you with a disclosure form called Form ADV Part II or the state equivalent of that form.
 
10. Can I have it in writing?
 
Ask the planner to provide you with a written agreement that details the services that will be provided. Keep this document in your files for future reference.
 
Checklist for Interviewing a Financial Planner Planner's Name:
 
 
 
__________________________________________________
 
Company: _______________________________________________________
 
Address: ________________________________________________________
 
Phone: __________________________________________________________
 
Date: ___________________________________________________________
 
1. Do you have experience in providing advice on the topics below? If yes, indicate the number of years.
 
Retirement planning
 
Investment planning
 
Tax planning
 
Estate planning
 
Insurance planning
 
Integrated planning
 
Other
 
2. What are your areas of specialization?
 
What qualifies you in this field?
 
3. a. How long have you been offering financial planning advice to clients?
 
Less than one year
 
One to four years
 
Five to 10 years
 
More than 10 years
 
b. How many clients do you currently have?
 
Less than 10 clients
 
10 to 39
 
40 to 79
 
80 +
 
4. Briefly describe your work history.
 
5. What are your educational qualifications?
 
     Give area of study.
 
Certificate
 
Undergraduate degree
 
Advanced degree
 
Other
 
6. What financial planning designation(s) or certification(s) do you hold?
 
Certified Financial Planner™ or CFP®
 
Certified Public Accountant/Personal Financial Specialist (CPA/PFS)
 
Chartered Financial Consultant (ChFC)
 
Other
 
7. What financial planning continuing education requirements do you fulfill?
 
8. What licenses do you hold?
 
Insurance
 
Securities
 
CPA
 
J.D.
 
Other
 
9. a. Are you personally licensed or registered as an Investment Adviser with the:
 
State(s)?
 
Federal Government?
 
If no, why not?
 
b. Is your firm licensed or registered as an Investment Adviser with the:
 
State(s)?
 
Federal Government?
 
If no, why not?
 
c. Will you provide me with your disclosure document Form ADV Part II or its state equivalent?
 
Yes
 
No
 
If no, why not?
 
10. What services do you offer?
 
11. Describe your approach to financial planning.
 
12. a. Who will work with me?
 
Planner
 
Associate(s)
 
b. Will the same individual(s) review my financial situation?
 
Yes
 
No
 
If no, who will?
 
13. How are you paid for your services?
 
Fee
 
Commission
 
Fee and commission
 
Salary
 
Other
 
14. What do you typically charge?
 
a. Fee:
 
Hourly rate $ _________
 
Flat fee (range) $ _________ to $ _________
 
Percentage of assets under management _________ percent
 
b. Commission:
 
What is the approximate percentage of the investment or premium you receive on:
 
stocks and bonds _________
 
mutual funds _________
 
annuities _________
 
insurance products _________
 
other _________
 
15. a. Do you have a business affiliation with any company whose products or services you are
 
recommending?
 
Yes
 
No
 
Explain:
 
b. Is any of your compensation based on selling products?
 
Yes
 
No
 
Explain:
 
c. Do professionals and sales agents to whom you may refer me send business, fees or any other benefits to
 
you?
 
Yes
 
No
 
Explain:
 
d. Do you have an affiliation with a broker/dealer?
 
Yes
 
No
 
e. Are you an owner of, or connected with, any other company whose services or products I will use?
 
Yes
 
No
 
Explain:
 
16. Do you provide a written client engagement agreement?
 
Yes
 
No
 
If no, why not?
 
To Check the Disciplinary History of a Financial Planner or Adviser:
 
Certified Financial Planner Board of Standards, Inc.
 
            888-237-6275       - www.CFP.net/
 
North American Securities Administrators Association
 
            202-737-0900       - www.nasaa.org
 
National Association of Insurance Commissioners
 
            816-842-3600       - www.naic.org
 
Financial Industry Regulatory Authority (FINRA)
 
            800-289-9999       - www.finra.org
 
National Fraud Exchange (fee involved)
 
            800-822-0416     
 
Securities and Exchange Commission
 
            202-942-7040       - www.sec.gov
 
To Find a Financial Planner in Your Area  Financial Planning Association
 
            800-282-7526       - www.fpanet.org
 
National Association of Personal Financial Advisors
 
            888-333-6659       - www.napfa.org
 
American Institute of Certified Public Accountants/Personal Financial Planning Division
 
            888-999-9256       - www.aicpa.org
 
Society of Financial Service Professionals
 
            888-243-2258       - www.financialpro.org
 
Learn About Financial Planning Online
 
 
 
CFP Board's Web site, www.CFP.net/learn, is a comprehensive resource for financial planning, offering useful information for visitors at every stage of the financial planning learning curve. Interactive tools provide help for your personal situation, including changing jobs, managing debt, planning your retirement and more. Join the eNewsletter for updates and check back regularly to participate in polls and quizzes.
 
About CFP Board
 
The information in this brochure is provided as a public service by Certified Financial Planner Board of  Standards Inc. (CFP Board). A nonprofit, professional regulatory organization, CFP Board fosters professional standards in personal financial planning so that the public values, has access to and benefits from competent and ethical financial planning.
 
The U.S. Securities and Exchange Commission's Office of Investor Education and Assistance has reviewed this publication. The SEC does not endorse the commercial activities, products or members of this or any other private organization.
 
It's your future. Plan it!SM is a service mark owned by Certified Financial Planner Board of Standards Inc.
 
This publication may be reprinted for educational and nonprofit purposes only.
 
Certified Financial Planner Board of Standards, Inc.
 
1670 Broadway, Suite 600, Denver, Colorado 80202-4809
 
Consumer Toll-free Number:   888-CFP-MARK  (888-237-6275)
 
P: 303-830-7500     
 
F: 303-860-7388
 
E: mail@CFP-Board.org
 
W: www.CFP.net/learn
 
Copyright © 1998-2003, Certified Financial Planner Board of Standards Inc. All rights reserved.
 
http://www.pueblo.gsa.gov/cic_text/money/financial-planner/10questions.html
 
--------------------------
 
From "THE IQD TEAM"  
Sept. 8, 2011

Repost~~"How True Professionals and Private Bankers Can Help You (Post RV)"

4/21/2012

 
Good time to repost this helpful information from Mr Anonymous

"How True Professionals and Private Bankers Can Help You (Post RV)"
    - by Mr. Anonymous


Lately as we seem to draw very near to the reality of Dr. Shabibi pushing that "RV Button" there has been a lot of talk about Private Bankers, Bank Packages and following "gurus" to other so-called "investment" resources.

First, I would like to say that most of us, probably a good 98% of us Dinarians have never had any real life experience with a Bank or a Personal Wealth Manager.  Therefore, as we are not familiar with this level of sophistication, we have normal fears, anxiety and apprehensions about dealing with these Investment Professionals.  This is very normal to be nervous and uncertain!!!  Read on, hopefully I can put some or all of your fears to rest.

However, first I want to caution you!  Right now, you are the most vulnerable to being taken advantage of by con artists, hustlers and confidence men.  You must not allow yourself to be rushed in to anything that you do not understand.  Refrain from telling ANYONE how much Dinar you own, don't register for seminars, or newsletters, or serial number registry services - it is my opinion that many or even most of these self-proclaimed so-called "gurus" are trying to use your fear to collect your confidential information which they will sell later after the RV, or they will use it themselves to take advantage of you. 

Recently more and more of these "gurus" have been exposed as "hacks" who call the RV every other day!!!  Do you really feel you can trust an individual that seems more obsessed with their own self-glory, than with doing what is right for the Dinarian community?

So, all that being said, just to keep the Attorneys happy, remember that I, nor the IQD Team or any other website where you may be reading this, does not give financial advice, and that these are illustrations only, and that everyone's situation is different and therefore you must consult your own professionals for advice that is relevant to your situation.

DONT INVEST IN ANYTHING YOU DON'T UNDERSTAND!!!

The great Warren Buffet has said many times that one of his guiding principles is that he never invests in to something that he does not understand!!!  Considering that Mr. Buffet is one of the wealthiest men in the world, I will take his advice at face value, and follow it.  Therefore, repeat after me: "I will not be rushed in to investing in to something that I do not understand".

That being said, remember this, if it was a good, sound investment idea, it will be a good sound investment idea tomorrow, next week, next month or even next year!  

Another couple of quick tips while I'm on this topic:  remember to diversify, and use a rule of thumb of not investing more than a few percentage points of your total wealth in one area.  Most high-level professional portfolio managers would never dream of investing more than a few percent in to any one stock - NO MATTER HOW "HOT" IT IS!!!

USING INTEREST FREE BANK ACCOUNTS & TAG ACCOUNTS

Okay, somehow this whole notion of these interest free accounts and "TAG" accounts has made its way in to the Dinarian world.  This was probably brought in by some "guru" who was trying to make a name for him or her self. 

The truth is, when this Iraqi Dinar RVs, you will have access to several Personal Bankers that will work with you personally to structure your accounts accordingly. 

They will also accommodate temporary accounts for you if you wish to have wire transfer funds sent in to your accounts.  They will also accommodate moving your money in to your more permanent accounts.  This will protect you from any improbable chance of a "back/reverse" wire transfer. 

However, I would like to say something about this so-caled "back/reversing" of Wire Transfers.  I currently work for a global manufacturing company that sends and receives international wire transfers all the time!  Each transfer is tens of thousands of dollars, or hundreds of thousands of dollars.  In over 30 years of business, with thousands of these wire transfers from almost every country in the world, this manufacturing company has NEVER, EVER, EVER had a wire transfer reversed!!!  Just keep that in mind.  People and "gurus" like to say it can happen to scare you, so you will follow them!  Don't be fooled.

Next, your Personal Banker and Investment Professionals will open your eyes to how the "Wealthy People" and large businesses are treated.  Don't you know that "Wealthy People" and large businesses have access to "insurance protection" on their deposits and investments, many have access to protection up to $50 Million each account??? 

Do you really think that you will have to worry about the small FDIC limit of $250,000.00??? This FDIC limit is for the "common person" or "middle class".  Don't be mislead by these hack "gurus" and fear mongers!  They are either completely misinformed themselves, or they really do know the truth, but chose to mislead you anyways so you will follow them!!!

HOW THE MONEY WORKS!!!

Okay, first you must understand the basics of why the banks will bend over backwards to get your Dinar post RV! 

And, before I go on, I have read so many posts, and have heard so many questions on Conference Calls about Banks refusing to talk to people, or help them with their Dinar.  That is correct, today (pre RV) the "common, low level" employees of Banks are told by upper management that this is a "scam" etc.  So, when you talk to them, they of course tell you what they were told by their boss.  Don't mistake, that employee may secretly agree with you, but they will never tell you anything more that the official word from corporate!  So, don't be discouraged that your local bank says that the Dinar is a scam and they will not work with you.  That will all change POST RV. 

Okay, back to why Banks will bend over backwards to get your money.  The following picture is courtesy of HowStuffWorks.com and it shows the deposits-to-lending power.  You can find a detailed report on this process by going to www.TheIQDTeam.com and look under the "pre/post RV" section.           From the above image, you can see that our Banks create money in the economy by making loans. The amount of money that banks can lend is directly affected by the reserve requirement set by the Federal Reserve.

The reserve requirement is currently 3 percent to 10 percent of a bank's total deposits. This amount can be held either in cash on hand or in the bank's reserve account with the Fed.

To see how this affects the economy, think about it like this. When a bank gets a deposit of $100, assuming a reserve requirement of 10 percent, the bank can then lend out $90.

That $90 goes back into the economy, purchasing goods or services, and usually ends up deposited in another bank. That bank can then lend out $81 of that $90 deposit, and that $81 goes into the economy to purchase goods or services and ultimately is deposited into another bank that proceeds to lend out a percentage of it.

In this way, money grows and flows throughout the community in a much greater amount than physically exists. That $100 makes a much larger ripple in the economy than you may realize!

When you walk in to the bank with several hundred thousands of dollars worth of Iraqi (IQD) Dinar, their lending department is going to think it is Christmas!!!  

The Bank's Branch Manager will want to meet with you and also arrange for you to sit down with their Private Banker.  This is a very normal process, and soon you will become accustomed to not standing in that "common peoples" line, waiting for a teller window.  You will sit in a nice office, or at the minimum a very comfortable chair at a nice desk.  You know, those people you have noticed all your life, but never really understood why they were sitting over there???...  Right!!!  Are you starting to feel it?

MEETING WITH THE BANKS PERSONAL BANKER - WHAT TO EXPECT                 So, when the Banks personal Banker meets with you, here in short is what you can expect.  They will treat you like a VIP!!!  And before I go any further, I've heard many callers talk about their "BAD CREDIT".  First, don't worry any longer about your "bad credit" when you have this kind of money post RV, your credit file will "magically disappear" and will not be a real issue any longer.  

So, if a Personal Banker tries to tell you that you can get a loan to buy a house, but that loan will be a higher interest rate because of your "bad credit", tell them that they need to do something or else, you will close your accounts and move your money to the Bank across the street!  Understand!!!  

Don't let them push you around!  If you have really bad credit, then there are separate seminars of credit repair professionals that have excellent strategies on how to get that repaired or discharged.  Do not pay off any old debts (especially ones that have been discharged) without first seeking professional help.

For most financial institutions, their Private Banking model will provide to you a dedicated Private Banker, who is also an accredited financial adviser.  They will often be supported by a team comprised of dedicated Private Banking Associates and a Manager of Credit Structures, to do the "technical" work for you.  Additionally, each member of this team will be educated to understand your complete financial picture and work closely with you to achieve your personal and financial goals.

I would like to interject here now a word of caution, don't invest all your eggs in one basket.  If you have post RV several $Million available for investments, don't tell this one Bank's Persoanl Banker how much you have in total, maybe only tell them you have $250,000.00 or a $Half Million to invest with them.  Don't tell them what you have in total, and don't be afraid to make multiple relationships with the top banks in your area!  Got it?!!!  Spread it around and Don't Tell!!!

PRIVATE BANKERS PROVIDE YOU A UNIQUE ADVANTAGE

This unique advantage you will now have post RV of having both a Private Banker and a Credit Specialist working close together is that you can be put on the fast track to responsive high-end credit vehicles.

Their combined expertise can help you to leverage your credit to grow your personal wealth, create personal equity in your company (if desired to still own a company post RV).  They can help you to acquire or diversify investment holdings, purchase real estate, provide financial assistance for family members or consolidate your existing lending.

Your Private Banker can help you to take comfort in understanding better the aspects of your risk tolerance and help you to take advantage of flexible financing options such as LIBOR or Bankers Acceptance (BA) facilities.

While remaining your primary point of contact, your Private Banker is also able to draw upon the extended support of a diverse group of Industry Professionals.  Instead of having to deal with multiple service providers, should you require the specialized services of an investment specialist or a commerical banker, that person will be included as part of your financial team.

IN CONCLUSION...

Right now there is a lot of mis-direction and out right lies being posted and said to confuse many of us in to believing that these "gurus" have some sort of "inside secret" knowledge that we all can't possibly have access to!  That is 100% rubbish in my humble opinion.  They have no special intel or inside information.  Many are out there saying they have special Bank packages!  

That is nonsense, you will be able to go to your local bank and talk to your Private Bankers, interview several of them, and then come up with your own "bank package".  Many of these gurus say theirs is special because of the size of their group!  I say "BS"!!!  

First of all, none of the banks are even accepting the IQD Dinar as a legitimate "Investment", most banks currently are calling it a "scam" and maybe even a few have laughed at you as you leave their branch with your tail between your legs!  Right!!!  Okay, so what makes a "guru" have anything better???  Lets be real, come on!!!  

Many people recently have been finally calling these "gurus" out, asking them to stop their noise and nonsense that is so very disruptive to a vast many of us Dinarians!  We have grown tired of hearing that is has RV'd, or it will RV on Tuesday, and if not, then on Thursday.  Or that the bank screens are flashing, or the virus attacked.  

Heck, I remember late last year "gurus" saying the RV was held up because of an Asteroid that was possibly going to hit the planet, and that the UN and Top Military Officials had to come up with an "anti-astroid" defense system, and there was no time to talk about an RV!!!!  REALLY??!!!  I mean seriously guys (gurus) REALLY??!!  But, they said nonsense out there like that, its been posted, its find-able by search engines if you even care to look.

To finish up on a positive note, I encourage you to read the latest news, you can find it posted on TheIQDTeam.com website, listen in to their calls for analysis and Straight-Talking Mike's expertise at making it understandable by us "common" folk.  He does a really good job of it.  

Another thing I highly encourage you to get off that "guru" roller-coaster and keep yourself grounded with the news and facts.  

Lastly, don't sign up for bank packages, don't give away your personal information to these "gurus" because you don't know if they have an ulterior motivation.  It is my humble opinion they want your contact information so that they can sell it post RV, or use it for other reasons which I can only assume are not always going to be with your best interest at heart.


SOURCE AND LINK TO PICTURES


Private Banking: Contacts & Websites

4/1/2012

 
Good time to re-post this.....
KEEP YOUR INFORMATION PRIVATE
AND DO NOT GIVE YOUR INFORMATION TO ANYONE ON ANY FORUM OR CHAT ROOM TO GET A BANK DEAL..YOU CAN NEGOTIATE YOUR OWN WITH THE PRIVATE BANKER OF YOUR CHOICE.....KEEP IT PRIVATE BETWEEN YOU AND YOUR BANKER, ETC, OF CHOICE..THERE IS A REASON IT IS CALLED "PRIVATE".

FOR MORE INFORMATION ON PRIVATE BANKING AND THE QUESTIONS TO ASK THEM WHEN THE RV OCCURS, IS LOCATED ON THE PRE & POST RV TAB ON THE RIGHT HAND SIDE  "PRIVATE BANKING". 

ALSO CHECK OUT FINANCIAL PLANNING INFORMATION" TO HELP YOU IN CHECKING OUT PEOPLE YOU ARE CONSIDERING WORKING WITH - MAKE SURE YOU HAVE CHECKED THEM OUT BEFORE GIVING ANY INFORMATION TO ANYONE.. CHECK THEM OUT FIRST!!! TAKE YOUR TIME - THERE IS NO RUSH!!!



Private Banking:  Contacts & Websites
Link
Capital One Private Banking Group 
  
The personal service you've earned.
With Capital One Private Banking Group, you'll have a dedicated, experienced private banker who works hand-in-hand with your staff and our team of commercial banking specialists to create a customized solution that helps meet the financial objectives of your business. Our Private Banking Group will provide your company with the personal service that can help take your commercial banking – and business success – to a new level.

  
For more information, e-mail commercial@capitalonebank.com. 
  
https://www.capitalone.com/bank/commercial/privatebanking/index.php 
  
What is private banking?
Private banking is about much more than traditional banking services of deposits and loans. It's about providing the personal one-to-one service that is essential after a certain level of wealth. It's about finding creative solutions to complicated situations to help affluent individuals and their families manage their wealth today, and develop new sources of wealth for future generations. 

  
From international tax and investment services to specialist advice for family offices, a private bank offers a comprehensive menu of sophisticated products and services that cater for the particular financial needs of a wealthy client. 
  

Private banking with HSBC 
  
At HSBC Private Bank, our approach is to take a complete view of your wealth. Your relationship manager will help you identify your wealth goals and develop personalised strategies to help you achieve them. We can help you: 
  
Manage your wealth: Private banking is about building relationships. We believe in providing a service that is personal, and personalised. We begin by understanding your individual financial needs, and endeavour to find the best solutions to fit your inevitably unique situations 
  
Develop and protect your wealth for the future: It is as important to manage your wealth today as it is to plan for tomorrow, and for the generations that follow you. With one of the largest trust businesses and a global network of investment services spanning six continents and all major markets, HSBC Private Bank strongly believes in securing the financial future of you and your family, and in finding new sources of wealth most appropriate to your needs and interests 
  
Manage the impacts of wealth: Wealth can present unique lifestyle situations. Whether you are buying new homes, investing in art or even relocating overseas, a relationship with HSBC Private Bank opens up a range of specialist services to you and your family. Our teams of specialists offer expertise in areas including philanthropy, property investment, tax advisory and media. 
  
Most importantly, we understand that your needs are different, as will be the solutions we offer. If you are looking for the services of a private bank, find out more about our services, or please contact us. 
  
http://www.hsbcprivatebank.com/aboutus/what-is-private-banking.html 
  

  
  
T D Bank  Private Banking 
  
For many of our clients, time is a precious asset. Dedicated to meeting the demands of business, and determined to enjoy the pleasures of family and friends, you look for all opportunities to make the most of every minute of every day. You look for a trusted advisor who can help you effectively manage your finances to free up more of your time. 
  
Your financial goals and unique needs 
  
If you need customized credit solutions or have other similar complex banking needs, then our higher level of service is for you. Your Private Banker plays a proactive role in helping you manage your finances, cultivate and preserve your assets, and transfer your wealth across generations. You'll have the peace of mind of knowing that a skilled and knowledgeable professional is keeping a close eye on your financial well-being. 
  
Your Private Banker will work with you to understand your unique personal, family, and business circumstances and bring together a team of experts within Private Client Services in the areas of banking, investment, trust and estate. 
  
Comprehensive solutions
To implement your plan, Private Banking, through TD Bank, N.A. and its affiliates, offers a wide range of borrowing, investment and banking solutions that recognize that your business and personal finances are often interconnected, including:
Deposit services
Credit Management Services
Investment Services
Estate Planning Services
 
  
We can provide individually structured borrowing designed to manage and build your assets and enhance long-term liquidity and tax effectiveness. In addition, we can work with your lawyers, accountants and other advisors at your request. 
  
http://www.tdbank.com/investments/private_client_services/private_banking.html 
  
  
Citi Bank Private Banking 
  
Combining World-Class Investing and Private Banking
We are one of the leading providers of investing, banking, lending and wealth advice to the world's most successful individuals and families. We are an important
partner with technology and real estate entrepreneurs, law firms and attorneys, as well as the principals of venture-capital, private-equity and hedge-fund firms.
The leaders of industry, finance and culture come to us for the kind of comprehensive services they can only get from a truly global private bank with a broad base
of investing experience.
 
  
Exceptional Service
When a client joins us, he or she is assigned a Private Banker, who is dedicated to creating, managing and enhancing the client's wealth. Each Private Banker is
supported by a robust team of specialists in a variety of disciplines:
Investing
Risk Management
Lending
Investment Banking
Trust
Philanthropy
Art
and more.
 
  
But at all times, each Private Banker acts as the client's point of access to the vast resources of Citi—and what they can make possible. To see if we can
help you, find a Private Banker near you.
 
  
https://www.privatebank.citibank.com/our_firm.htm   
  

J P Morgan Bank   
  
More than 160 years helping the world's wealthiest individuals and their families grow, manage and sustain their wealth
Manage more than $600 billion in client assets
Serve clients from 64 offices globally; employ 5,610 people worldwide
Our Approach
 
  
Seek to deliver positive risk-adjusted returns appropriate to our clients' financial goals and risk tolerances
Provide an exceptional breadth and depth of wealth management solutions including investing, wealth structuring, capital advisory, philanthropy and banking
Leverage both J.P. Morgan-affiliated managers and third-party managers who are subject to rigorous ongoing due diligence
Communicate closely and regularly with clients to keep them constantly informed about the changing landscape
Compensate our advisors based on our clients' performance; no one is paid on commission
 
  
http://www.jpmorgan.com/pages/jpmorgan/private_banking/tampa?gclid=CLq3mMqGtqgCFQbe4AodEirYCA 
  
  
  
Wells Fargo Bank 
  
Wealth Planning
At Wells Fargo Private Bank, our holistic approach to wealth planning starts with your relationship manager. You and your relationship manager will draw support from a team of highly experienced specialists.
Key elements of wealth planning at The Private Bank
 
  
Our wealth planning process focuses on developing a clear picture of your unique needs and goals, and leads to a personalized action plan that aligns solutions with those goals. 
  
The wealth planning process begins with a core planning review that enables us to: 
  
Identify your key goals and objectives, and the wealth management issues most important to you
Gather the information necessary to develop a net worth statement
Understand your tolerance for investment risk
Review your basic estate documents, including wills, powers of attorney, living trusts and beneficiary designations
Your dedicated wealth planning team
 
  
From this foundational understanding, your relationship manager will coordinate a team of local specialists tailored to your unique needs and goals. 
  
For clients with comprehensive or complex wealth planning needs, we can provide consultation on various components of your wealth plan, including: 
  
Retirement and cash flow planning
Company benefits and equity compensation analysis
Risk analysis and insurance planning
Investment planning and asset allocation
Education funding analysis
Estate services and gift planning
Charitable planning
Corporate executive planning services
Business advisory services
 
  
Our highly experienced professionals also provide specialized wealth planning services to clients who own a closely held business, or hold a senior executive position at a Fortune 1000 firm. 
  
The wealth planning process often identifies several options for you to consider. Your relationship manager and planning specialist can help you decide which of the solutions and strategies are most appropriate for you. Then, your relationship manager will mobilize The Private Bank’s full resources to put your plan into action. 
  
https://www.wellsfargo.com/theprivatebank/ 
  
  
  
Charter One Private Bank & Trust 
  
We locally deliver thoughtful, comprehensive 
  
Wealth Management Services through experienced professionals - one client at a time. 
  
Receive the around-the-clock personal attention you deserve from your dedicated private client team. 
  
We know you’re busy. We know your daily demands. We understand that there are only 24-hours in a day to achieve the things you need to do – and that your personal banking and investments needs are more complex. 
  
Charter One Private Bank & Trust can help. 
  
If you’re an individual or institution with $1.5 million investable assets or more, we are committed to providing you the very best service we have to offer. 
  
Your dedicated Client Advisor will handle all of your unique banking and investment needs. We’ll also meet with you regularly to ensure that your current strategy meets your objectives while updating and adjusting your plan as needed. 
  
No matter where you are — China, Brazil, Paris or your own backyard–we can deliver 24/7, one-on-one private wealth management solutions for you including: 
  
Banking Services 
  
You can benefit from highly personalized banking products featuring our best relationship rates. As a Private Bank and Trust customer, you will also have access to exclusive debit cards and checks and receive expedited processing on loans, mortgages and credit card requests. 
  
Investment Management Services 
  
When it comes to investing, we understand that you have unique priorities, needs and risk tolerance. Whether it’s setting up a loan or managing your portfolio, our wealth management services are tailored to you, and your goals. 
  
Estate Planning 
  
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the_iqd_team-private_banks_contacts__websites.doc

My Private Banking: Independent Advice to Get More out of Your Wealth Manager

3/15/2012

 
Thanks to Brenda for this Great Information


MY PRIVATE BANKING:  Independent Advice to Get More out of Your Wealth Manager

MyPrivateBanking.com is the first independent information and networking platform for clients of private banks and clients of wealth managers worldwide.

MyPrivateBanking.com is not a bank but helps you to get more value out of your wealth manager. The founders have the vision to make wealth management a lot more transparent, cost efficient and client-focused – driven by their own experiences as clients of a number of wealth managers.

We believe that for an informed decision clients need more independent, well-researched data and analysis on wealth management. Clients also need a platform to exchange experiences and information from client to client: First-hand, unbiased and anonymous.

MyPrivateBanking.com aims to support private banking clients in all decisions that make or break the success of their investments: Choosing the best wealth managers, improving their wealth management strategy, lowering the cost of wealth management and optimizing the management of their wealth managers.

MyPrivateBanking.com provides wealth management clients with the following value-added:

    Primary research by our experienced analysts on all topics related to improving wealth management

    Articles, news and updates that help clients on a daily basis to follow the world of Private Banking

    Directories and client ratings of banks that help the client make better decisions which wealth managers to select

    The networking platform “MyWealth” that gets clients of wealth managers in touch with each other, share their experiences and help each other to get more out of their wealth management.

    Portfolio Tools that allow members to track the allocation and performance of their portfolio and share their strategies, ideas and experiences with that of other users.


MyPrivateBanking.com guarantees protection of its users and full independence.

MyPrivateBanking.com is the only global platform targeted to wealth management clients that is completely independent of banks or other financial service providers. There is no funding by banks and there are no advertisements by wealth managers on our website. We are:

    Always on the side the client

    Definitely not sponsored by or linked to financial services providers

    Free and without obligations for users

    Safe to use because users stay anonymous

    Guaranteed spam free

Source


Private Banking Directory Listings

http://www.myprivatebanking.com/Directory/DirectoryListing



User Ratings of Wealth Managers & Private Banks

http://www.myprivatebanking.com/Ratings/


Wealth Guides

http://www.myprivatebanking.com/Category/Research/wealth-guides/



Don't forget to check out all of the other Private Banking Resources including Questions to Ask 

Source




Gulf banks shut out US clients

1/23/2012

 
Gulf banks shut out US clients

  By Ryan Harrison

January 23, 2012
Obama's intrusive regulations are simply too much trouble.

Emirates NBD is mulling plans to halt its private banking services to American clients to avoid falling foul of new US rules on tax evasion, Gulf Business has learned.

The decision would be the latest snub for wealthy US citizens living abroad.

In July last year, HSBC said it would axe wealth management services to US clients in the Gulf.

Meanwhile, in Europe, private bank Brewin Dolphin early last year became the latest in a list of departures that includes UBS, Julius Baer and Bank Sarasin.
The main gripe for private banks is the sensitivity of information they will have to disclose about their US clients.

Gary Dugan, chief investment officer for private banking at Emirates NBD, told Gulf Business: "We're worried about the increasing regulations and disclosure rules for investments in the US and in particular for our US clients [in the Middle East]. It could create more problems than the customers are worth. The US authorities make it very difficult for its citizens to bank abroad. And for us, it may mean that we have to tell US authorities all sorts of delicate details.

"The biggest worry is that is if any of our US clients wants to make an investment in US equities or treasuries what will be the future disclosure rules? For instance, will we have to disclose information on US clients because they hold IBM shares? They might not want to," added Dugan.

By 2013, all banks outside the US will have to comply with a new act signed by America's President Barack Obama. The regulations oblige international financial institutions to reveal all accounts held by US citizens that contain more than $50,000. Banks that do not comply will be subject to a 30 per cent withholding tax on all payments made to them in the US.

Credit Suisse last July confirmed it was the target of a US Department of Justice probe while rival UBS was forced to pay a $780 million fine and hand over the information of around 5,000 secret accounts held by US citizens in 2009.

HSBC Middle East said in a statement in the summer: "After a review of services that can be provided to US clients from locations outside of the US, we believe that US clients will be better served by our private banking teams in the United States." HSBC is based in London but has Swiss-style private banking services around the world.
In the immediate aftermath of the bank's decision to halt US-focused private banking, analysts predicted few GCC financial institutions would follow suit. However, the Emirates NBD decision could tip the scales, given that it is the UAE's biggest bank by assets and one of the largest in the Middle East.

It is unlikely to derail the growth of private banking in the region, but will send out strong signals to US authorities.

Experts say over the coming years there will be a shake-out in the industry between those willing to service US offshore clients and those who won't. And Emirates NBD and HSBC's moves are perhaps the beginning of this growing division.

At the extreme end, some private banks are exiting US securities entirely. Switzerland's oldest bank Wegelin & Cie, wrote to clients in 2009 announcing it would no longer trade US securities because of rules changes.

Although Emirates NBD has not made its final decision on whether to wash its hands of US private banking clients, the strain of the changing US policy is starting to show.

How onerous the US authorities' rules become could determine the extent of financial pain that wealthy Americans have to endure in the Middle East. If the last 12 months is anything to go by, the landscape looks likely to shift dramatically in the next year.

© Gulf Business 2012  

SOURCE

Private Banking: Articles of Interest

10/6/2011

 
Private Banking:  Articles of Interest
LINK

 
Bespoke banking: making the most of private banking 
  

Lesley Parker
April 20, 2011 

Emma Isaacs began using private banking services at about the time she sold her first business. Photo: Louise Kennerley 
  
It's said you need $50 million just to say hello to a private banker in Geneva or New York but Australia's much younger private-banking services are rolling out the red carpet for customers with much less cash. 
  
Here, if you have at least $1 million in "footings" - assets not including the family home that you can invest or borrow against - the big domestic banks and some of the specialist operators among the investment banks will be happy to at least have a chat about what they can do for you. 
  
Private banking - where a dedicated banker caters to your financial and investment needs - is "an attractive and growing" market, says Jane Watts, who in December left Macquarie Bank to become the general manager of Westpac Private Bank. 
  
As of 2010, there were 207,500 high-net-wealth individuals - defined as people with more than $1 million in investable assets - in Australia and the number has been growing at 8.5 per cent year-on-year since 2003, Watts says. 
  
Money did the sums and in 2011 that would translate into a new millionaire every half hour. 
  
That's partly the result of the wave of postwar baby boomers reaching the stage of life - global financial crises permitting - where they've accumulated a lifetime's wealth. They may be cashed up from selling a business ahead of retiring or they may have profited over the years from lofty property prices. 
  
Of course, you don't have to be a baby boomer to be "privately banked", as it is termed. 
  
Younger people are making money too, as small-business entrepreneurs, well-paid executives or as they start to inherit wealth. 
  
There's also a lot of new money in places such as Western Australia and Queensland, where the commodities boom has created millionaires (and a few billionaires, too). 
  
WHAT IS PRIVATE BANKING?
There's a bit of a debate about how you define private banking and in some ways that's because private banking is supposed to be tailored to the individual. What it is depends on how much you have and what you want to do with it. 
  
You won't find a published list of specific services, products or discounts. Instead, private bankers talk about providing "bespoke", "holistic" and "integrated" services. 
  
In New York that can extend to walking the dog for an ultra-wealthy client, though that sort of "concierge" service isn't common here. 
  
In Australia, international operators such as Credit Suisse focus on wealth management, tapping into a history of private banking as a service for the leading families of Europe that goes back generations. 
  
For the big four banks, comparatively recent entrants, it's more about combining their banking capabilities with more-recent expertise in wealth management, wrapping that up with platinum-level personal service. 
  
You might get preferred access to investment opportunities such as share floats or bond issues, help with insurance and estate planning, access to superannuation specialists and general financial advice. You might want fast loan approvals. 
  
You'll have a central point of contact - most likely with a "relationship manager" - plus a team of people around them that includes a financial adviser. In theory, your manager will always be available. 
  
Adrian Hondros, the executive general manager of Commonwealth Private (which looks for $2.5 million in footings and an annual income of $250,000) says private banking is about three things: service, advice and opportunities.
It's deeper and broader than the service you'll receive from a lone financial planner and your relationship manager won't be dealing with hundreds of customers as a bank branch manager might. 
  
That said, a principal in PricewaterhouseCoopers' wealth-management practice, Anthony James, says a number of financial planners in Australia offer similarly sophisticated services, dealing with only a small clientele of high-net-worth individuals. "They can't be forgotten," he says. 
  
WHAT DOES IT COST?
Having come with at least $1 million in investable assets - perhaps $2 million, $10 million or even $50 million if you've knocked on the door of a "boutique" operator - you're already a pretty lucrative client, so you may or may not have to pay a separate fee for the privilege of having a private banker. 
  
Commonwealth Private and Westpac Private Bank ($1 million minimum and $400,000 in earnings) don't charge a specific private-banking fee, for instance, while ANZ Private Bank ($1 million threshold) levies $1200 a year and NAB Private Wealth (also $1 million) $750. 
  
But the comparison isn't a straightforward one, as you will still need to consider the other fees that will be charged. 
  
You'll pay for financial advice, just as you would elsewhere, for instance.
The private banks of the big four charge a straight fee, while other operators extract a percentage of the funds you have under management. 
  
If you have $5 million under management, a 1 percentage point cut comes to $50,000 a year. 
  
Bear in mind that the banks levying a specific fee may waive other charges. ANZ's private-banking fee, for instance, covers credit card and account fees and access to online broker E*Trade. 
  
Ultimately, it's not about discounts - if you have enough money you'll get those anyway, inside or outside a private bank - but about the level of service. 
  
A sceptic might wonder whether private-banking services are just another way to extract fees by pushing products and services but Watts says high-net-worth individuals are pretty savvy and "they wouldn't tolerate product flogging". 
  
WHO DOES IT SUIT?
Having $1 million burning a hole in your pocket doesn't automatically mean private banking is for you. 
  
The managing director of ANZ Private Bank, Catherine McDowell, refers to private bankers as being ''servants'' to people with complicated lives and complex financial needs. At ANZ, if you don't want such a close or deep relationship, there's a separate service for affluent clients - outside the private bank - that focuses more on the transaction side of banking. 
  
The people it does suit are those who don't have the confidence or expertise to manage their money on their own and those who may be financially capable but ''time-poor'' - medical specialists are a big segment, for instance. 
  
Some people may have complicated needs, such as how to divide their business wealth when the time comes to pass it on, or set up a philanthropic trust. 
  
A principal analyst with the banking industry researcher East & Partners, Paul Dowling, says the value you'll get out of private banking depends on whether you're ultra-high-net-worth or just plain wealthy, as well as on how ''active'' you are: ''The more transactions you're involved with, the richer you are to the bank.''
At $1 million in assets you may be getting only a ''veneer'' of private banking, he says. 
  
THE RIGHT MATCH
Private banking is such a personal relationship that industry observers say shopping around isn't so much about price - everything's negotiable in the world of private banking - but about finding the right match. 
  
Alan Shields of the Private Banking Council suggests sitting down with the person who may become your relationship manager to see if your ideas and personalities click. 
  
The executive general manager of NAB Private Wealth, Angela Mentis, says a lot of work goes into matching the sophistication and needs of a potential client with the skills and ''emotional intelligence'' of the prospective relationship manager.
''That first meeting is very important,'' she says. 
  
Awards and customer-satisfaction surveys may also provide clues. In Euromoney's Private Banking Survey for 2011, Credit Suisse was named best private banking service in Australia overall, followed by Commonwealth and NAB, then Westpac and Macquarie. Commonwealth Private took many subsidiary awards. Credit Suisse was also the worldwide winner. 
  
In the 2011 Private Banking Council awards, Commonwealth Private won the $1 million to $10 million client category, ANZ Private the $10 million to $30 million category and Macquarie the $30 million-plus category. 
  
The principal of researcher CoreData, Andrew Inwood, says the customers of Westpac and Commonwealth Private are the most satisfied in its surveys but even then they only score 6 out of 10. ''No one's ripping it up,'' he says. 
  
Hey, big spenders
It's said that investor sentiment among the rich is a "lead indicator" - where they go now others will follow in six months' time. So where are Australia's wealthiest people putting their money? 
  
Well, until late last year, they still had a big wad of it in cash after heading for safety during the global financial crisis. One survey of high-net-worth individuals (HNWIs) found that, as of last year, half still thought cash the best place to be, up from just 12 per cent before the global financial crisis. 
  
However, researchers are saying that they are seeing signs that HNWIs are prepared to head back into the sharemarket. 
  
CoreData says its Investor Sentiment survey for the March quarter found that, overall, respondents expected the economy to slow in the June quarter and business conditions to deteriorate. 
  
HNWIs in the survey, though, predicted the opposite. "Could the tides finally be turning?" the researcher asks. 
  
Investment Trends has also seen a move back to shares. Its survey late last year of 2000 wealthy individuals found that during the course of 2010, the proportion of assets held in residential investment property shrank from 25 per cent to 21 per cent, with that move mirrored by a rise in direct share investments from 28 per cent to 32 per cent. 
  
When asked about their ideal asset allocation, high-net-wealth investors said on average that 40 per cent of their wealth should be in direct shares, says the chief operating officer of Investment Trends, Tim Cobb. "We tend to think wealthier investors are more savvy,'' he says. ''The big question is whether their decision to switch from property will be followed by mum-and-dad investors." 
  
Hands-on help with property portfolios
It was about the time she sold her first business that Emma Isaacs (pictured) started using private banking services. 
  
''I was looking for a much more hands-on and close relationship with a banker,'' says Isaacs, now chief executive of Business Chicks, a national membership network for women in business. 
  
''It was very much about personal investment services. I have a reasonable-size property portfolio. I like to move very quickly and my banker needs to move quickly to have deals approved. It's been really good to have someone right there for you. They look after both your business and personal needs, everything from mortgages through to credit cards, high-interest accounts and lines of credit.''
But it hasn't been all plain sailing. Isaacs says her first private banking relationship wasn't entirely successful as it didn't deliver on promised networking opportunities, nor did she experience the level of service where, say, a loan could be approved on a Saturday night. That was despite her first bank charging an annual fee for private banking. 
  
Her current bank doesn't charge a service fee and Isaacs has found it more interested in her investment goals and her business. 
  
She feels her first experience was a result of just not getting the right person. ''If you feel like you're only one of 2000 clients, then you may as well just go to the local branch and form a relationship with the manager there,'' she says. 
  
Is private banking just another chance to push bank products?
Isaacs says her bankers have suggested things over the years ''but they haven't been pushed by any measure - they'll certainly bring them up but I know it's up to me''. 
  
High-flyer relies on private banker
An author and speaker on business etiquette, Patsy Rowe (pictured), says she's happy to concentrate on what she does best and leave the finances to her private banker. 
  
"I'm time-poor; I work six days a week, usually," says Rowe, whose speaking commitments take her around Australia and overseas. 
  
"They've been able to project-manage my finances on my behalf. They've taken the burden off my shoulders so I can concentrate on doing the things I like doing and the things I'm good at." 
  
Rowe says her private banker and financial planner will drive an hour from their office in Brisbane to her home in Sanctuary Cove to discuss her affairs. Banker Elizabeth Fox, of Westpac Private Bank, also accompanies Rowe to investment seminars, whether they're hosted by Westpac or not. 
  
In addition, the bank has provided introductions to other clients who might want a speaker on business etiquette. "That's gold," Rowe says of the networking.
"I can't overemphasise the depth of the relationship. They want an enduring relationship with you. They're not in it for the quick sell of a product." 
  
Key points
You'll need at least $1 million in assets outside the family home to access private banking.
Private banking provides close-contact, personalised banking and wealth management.
It's not necessarily about discounts; if you have enough money, you get those anyway.
It suits people who need their hand held or who are time-poor.
It's said that those who are less wealthy may only be getting a ''veneer'' of private banking. 
  
http://www.smh.com.au/money/investing/bespoke-banking-making-the-most-of-private-banking-20110419-1dlz8.html#ixzz1KTfEBbd4 
  
  
  

* New super rich need private and investment banking 
  
* Private banking becoming more elite 
  
* Growing trend of investment bankers moving to wealth 

  
By Chris Vellacott Wed Apr 20, 2011 9:36am EDT
  
LONDON, April 20 (Reuters) - Banks are sending some of their best talent to work in private banking as clients get richer and demand more, siphoning off recruits from a traditionally higher paying and racy career in capital markets. 
  
Many banks reporting first-quarter earnings in coming weeks are prioritising expansion in wealth management because its stable deposit base offsets more volatile business lines like trading or investment banking. 
  
But banks are also eyeing an emerging client group, namely the international oligarchy of families that have amassed vast wealth through control of global companies. 
  
While these clients will want personal services for the super rich like premium credit cards or mortgages on superyachts, as owners of huge business empires they are also heavy users of investment banking. 
  
Where once private banking was seen as a genteel arm of the industry, dealing in inherited wealth, it now needs higher calibre staff with investment banking expertise, bankers say. 
  
"One of the results of the boom in emerging markets and commodities has been a huge rise in the number of owner-occupied firms that have become global businesses," Des Byrne, managing director at Barclays Wealth's (BARC.L) UK and Ireland arm, said. 
  
"That's given rise to this "ultra" need that many of the banks are targeting ... -- the application of investment banking style products and services to individuals, to human beings as opposed to the board or management teams of companies," he said. 
  
Prominent examples of people associated with dominant global companies include Mexican telecoms billionaire Carlos Slim, steel tycoon Lakshmi Mittal or Russian magnates like Oleg Deripaska. 
  
Reflecting this blend of private and corporate banking, British bank Coutts has set up a division aimed at turning corporate shipping clients of its parent Royal Bank of Scotland (RBS.L), many of which are owned by Greek families, into private bank customers. [ID:nLDE6B50NW] 
  
Citi's (C.N) private banking arm reshaped itself after the financial crisis to sit within the group's institutional business, focusing on clients rich enough to own big companies needing regular access to global capital markets. 
  
Recruiters and bankers say the entry requirements for private banking are far higher than they were a decade ago. 
  
And a once unimaginable phenomenon -- investment bankers opting to become private bankers -- is gathering pace. 
  
The top ranks of many international private banks are already well populated by people who cut their teeth in investment banking. 
  
Byrne joined Barclays' private banking arm in 2008 from Barclays Capital. His boss Thomas Kalaris, chief executive of Barclays Wealth also came from an investment banking background. 
  
Other notable examples include Rory Tapner, head of RBS's wealth management arm and a one time joint global head of investment banking at UBS (UBSN.VX). 
  
Stephen Russell, chief of staff at UBS's wealth management arm in the UK, says the few private banking jobs on offer in his business are routinely inundated with applicants. 
  
"In the context of this year, we've made eight hires and interviewed about 140 people ... The challenge for us is getting a fit with what we and our clients expect from people and what exists in the market," he said. 
  
Investment banking remains potentially more lucrative, paying up to 40 percent more in total compensation according to Sophie De Ferranti, head of private wealth management at ValensGoldberg, a headhunter based in London. 
  
But private banking pay is less volatile, Byrne says, and attracts many former capital markets staff looking for an escape from the increasingly technical and narrowly focused word of investment banking. 
  
"It's not an easy option, It's a different lifestyle," he said. 
  
(Editing by Sinead Cruise and Mark Potter) 
  
(For the Funds Hub blog: blogs.reuters.com/hedgehub) (For Global Investing: here) 
  
http://www.reuters.com/article/2011/04/20/private-banks-idUSLDE7330VQ20110420 
  
  
  

  
 
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