![]() ![]() Julius Baer Group is listed on the SIX Swiss Exchange and is included in the SMI MID index, a mid-cap stock index of the 30 largest and most liquid Swiss non-SMI companies. The bank provides products through its open-architecture platform, as well as securities and foreign exchange trading. The firm’s services consist primarily of wealth management and investment advisory. The Group manages the assets of private clients from all over the world. Julius Baer has over 6,600 employees worldwide. Located in 28 countries, it is known for its banking secrecy and customer privacy. Most of the income comes from commissions and service fees. In terms of assets under management, Julius Baer ranks third among Swiss banks after the two universal companies UBS and Credit Suisse, and is the largest private bank.įounded as a traditional private bank and named after Swiss banker Julius Baer, it provides investment management, real estate finance, asset management, and select sales and trading offerings based on an open and managed architecture. Headquartered in Zurich, this is one of the oldest banking institutions in Switzerland. Julius Bär Group AG, also known as Julius Baer Group Ltd., is a medium-sized private banking corporation founded and based in Switzerland. But, as a rule, the higher the status of such a client and the greater his capital, the wider the range of privileged services provided by the bank within the framework of private banking. Interest rates and terms of service are determined by banks individually for each VIP client, tariffs are not published and are disclosed by credit institutions at a personal meeting. PB is the most information-closed market. Each VIP-user is assigned a personal manager who individually solves all his financial issues at any time, and also, if necessary, makes trips to him. Servicing of status clients within the framework of PB is carried out in separate, comfortable divisions of the bank. Privileged clients also receive a number of additional features and services, such as a variety of club privileges, assistance in booking hotels, organizing travel, etc. In addition, banks provide assistance in optimizing taxation, choosing insurance products, assisting clients in opening accounts and deposits in foreign banks, etc. The investment service involves the placement of client funds in mutual funds, general banking management funds (OFBU), trust management, accumulative life insurance instruments, alternative investments (wine collections, investments in jewelry), etc.Īdvisory services cover legal and investment issues, including on international market instruments. More often, private banking includes banking, investment, and advisory services.īanking services inherently contain all the classic products of a credit institution, only on the best, individual terms. The threshold for entering the group may be higher, it all depends on the criteria of specific banks. In other credit institutions, in order to become a member of the “VIP-client” program, it is necessary to deposit to current accounts and maintain an average monthly balance of at least a certain amount in US dollars. ![]() In some banks, the client receives this status by opening a deposit for a certain amount. In credit institutions, the lower threshold and requirements for entering the VIP group may vary. The foreign private banking system, which has been functioning for more than a decade has a very rich experience. ![]() Separated in banks into a separate line of business. Private banking (PB) is a complex of financial and non-financial services offered by banks to VIP clients and includes an individual service system. In general, the banks are expensive and inflexible for most people, compared to the alternatives, which we can introduce, despite the positives that will be mentioned here. Nothing written here should be considered as financial advice, nor a solicitation to invest.įor any questions, or if you are looking to invest as an expat, you can contact me using this form, or via the WhatsApp function below. ![]() Julius Baer Group Review part 1 – that will be the topic of today’s article. ![]()
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