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Private Banking
Private Banking vs. Wealth Management: An Overview
Private banking and wealth management are terms that overlap. However, the financial services offered through private banking and through wealth management differ slightly. Wealth management is a broader category that involves dealing with the optimization of a client's portfolio, taking into account their aversion to, or comfort with, risk, and investing financial assets according to their plans and goals. Wealth management can be practiced on a portfolio of any size, though, as the name implies, it is geared toward the well-off. Private banking, by comparison, typically refers to an envelope solution for high-net-worth individuals (HNWIs) wherein a public or private financial institution employs staff members to offer high-net-worth clients personalized care and management of their finances.
- Complementary accounts that work together to meet the demands of each individual's cash portfolio.
- Instant access to cash, free day-to-day transactions, and fee-free currency conversion are just a few of the benefits - visit individual account sites for more information.
- Except for the Cash Hub Account, which can only have two joint account holders, other personal accounts can have up to four joint account holders.
Testimonials
Love from Happy Clients
I opened a checking and savings account at Mohill Offshore Bank on McHenry in Modesto, California. The teller who helped me was a pleasure to work with. She was very knowledgeable and through setting up my accounts. She made my day a pleasant day. Thank you for the terrific customer service.
Julien Anthor
Manager“I opened a checking and savings account at Mohill Offshore Bank on McHenry in Modesto, California. The teller who helped me was a pleasure to work with. She was very knowledgeable and through setting up my accounts. She made my day a pleasant day. Thank you for the terrific customer service.”
Rolier Demonil
Manager“I opened a checking and savings account at Mohill Offshore Bank on McHenry in Modesto, California. The teller who helped me was a pleasure to work with. She was very knowledgeable and through setting up my accounts. She made my day a pleasant day. Thank you for the terrific customer service.”