The conversation between human and AI assistant.
What is private wealth management?
How is private wealth management different from traditional retail banking?
Traditional retail banking typically offers a range of basic financial services and products to individuals and businesses, such as checking accounts, savings accounts, loans, and credit cards. Private wealth management, on the other hand, offers more personalized and comprehensive financial services to HNWIs, including custom investment strategies, tailored financial planning advice, and access to alternative investments.