1. Asset management services (also known as investment management services)
It can be divided into discretionary investment (special clients of portfolio management), non-discretionary investment (active consultation), alternative investment (hedge funds, private equity) and structured products (stocks and credit derivatives).
2. Tax planning services
It refers to the behavior of taxpayers to reduce or postpone tax payment by planning and arranging business investment and financial management activities in advance within the scope permitted by the tax law. Private bankers provide all legal tax saving and tax avoidance suggestions to customers according to their assets, and assist customers through insurance, offshore account, trust and other tools.
3. Trust services
According to trust deed, the trustee is the legal owner of the property and must manage the trust assets according to the applicable laws and the terms of trust deed. Trust funds are quite flexible, and the trustee can formulate the terms of the trust agreement according to the special requirements of customers, especially those related to property disposal. At the same time, property trusts are extremely confidential. It is generally safer to use both trust and offshore private company. Trust funds can also replace wills, avoiding the publicity of pre-wills and probate procedures. Banks usually charge an annual management fee. When establishing a trust, the bank will also charge a fee, which depends on the nature of the asset.
4. Global Wealth Protection Plan
Helping customers set up offshore private companies in overseas tax-free countries or regions is helpful for tax and estate planning. By setting up offshore private companies, customers can save tax expenses related to income, interest and inheritance, increase financial privacy, protect property from legal review and disputes, avoid the risk of property confiscation and confiscation caused by political and economic turmoil, and reduce the transaction cost of investment and financing.
5. Family inheritance service
The ultimate goal of family inheritance service is to separate the ownership and management of family business, distribute everyone's rights and obligations, and maintain wealth and family cohesion for a long time. Generally, it includes the disposal of family assets (such as setting up a family trust fund) and making arrangements for children's education.
6. Heritage planning services
There are two ways to distribute the estate: making a will and setting up a trust. Arranging property inheritance by trust can avoid complicated and time-consuming legal procedures of inheritance, ensure the correct implementation of property distribution will, and especially ensure the life of relatives and friends who need to support. Children's education fund, life support fund and charitable trust fund can also be established.
7. Collection and art investment consulting services
Many rich people like to collect antiques or works of art, so private banks provide corresponding appraisal teams to evaluate the collections, and can also send people to participate in the auction bidding on behalf of customers.
8. Other services
Including real estate consulting services, corporate financial consulting services, immigration and overseas education services, personal affairs services and so on.