Private bankers provide a “concierge-style” banking experience for clients who meet certain income or net worth qualifications. They offer a wholistic view of a client’s financial picture and deliver personalized guidance to address current needs and protect future wealth. This can include everything from education savings to estate planning.
While they are not experts in all areas, private bankers act as the central point of contact between other financial professionals, such as CPAs, lawyers and wealth advisors. This helps save the client time and ensures their overall financial plan runs smoothly.
Private banking services
Private banking clients typically receive exclusive access to a variety of banking benefits, as well as customized products and services. Some of those can include:
Customized credit solutions
These solutions may include personal and securities-based lines of credit, as well as financing for real estate such as primary homes, secondary properties, or construction projects. These lending options are typically structured to align with broader wealth strategies, offering liquidity while allowing clients to keep long-term investments intact.
Deposit solutions
Private banking deposit offerings focus on accessibility and financial organization. Clients typically have a range of accounts, including checking and savings, CDs, along with options designed for specific goals such as health savings or retirement. Together, these accounts help support cash management, savings growth and tax-advantaged planning as part of an overall financial strategy.
Complimentary services
In addition to banking products, private banking often includes a suite of services that simplify day-to-day financial tasks and enhance security. These can range from transaction support to administrative services like notary and signature guarantees. Ongoing account reviews and fraud monitoring are also common, helping clients stay informed and protected while maintaining efficient access to their finances.
How to choose a private banker
When dealing with financial decisions, it is important to choose someone who is experienced and committed to knowing you and helping you achieve your financial goals.
They should be dependable, knowledgeable and someone who will go the extra mile for you. At Bankers Trust, this can mean taking a call at 8 p.m. to assist with a lost debit card on vacation or recommending the best pet daycare to a client who is new to the area – showing that your private banker is there for you.
To learn more about private banking services, talk to one of our private bankers or contact me.
