Private banks have products in their pockets that are not readily available elsewhere. The golden rule in this field: the higher the bet, the more the customer will be able to obtain tailor-made. In addition to traditional investments, there is therefore a series of very top-of-the-range products. Five of them are unmissable. To these can then be added investments in niches such as art, wine, forests…
The management mandate: the pillar of the offer
Most private banks have an entity dedicated to asset management. This is of course the case in network banks, but it is also valid in many specialized establishments. The management mandate therefore remains the pillar of the private banking offer.
That said, contrary to what is offered in network banks, the mandate here is open to other management companies. It takes different forms depending on the amount invested: from a packaged offer to a completely tailor-made offer. For example, at Societe Generale Private Banking, it is possible to obtain a personalized fund from 7 million euros. The product is then designed specifically according to the customer’s wishes and managed exclusively for him. A report is also set up to inform it regularly.
Luxembourg life insurance: security and flexibility
If life insurance is the Swiss army knife of wealth management, Luxembourg contracts are the ultimate in this field. But insurers in the Grand Duchy only open their doors with a minimum investment of 100,000 euros, for the most accessible contracts. It is even necessary to count 250,000 euros with a large number of them.
Next, Luxembourg classifies investors according to the amount invested and the assets. Depending on the category, it is possible to access more or fewer investment proposals.
What attracts the rich to Luxembourg life insurance, when its taxation is strictly identical to that of its French competitor?
First of all, the specific regime of Luxembourg which provides a guarantee on the capital. The assets, kept in the coffers of a custodian bank, are immune against the bankruptcy of an insurer or the collapse of the financial system.
In addition, the envelope is ideal for international customers, since it adapts to the tax regime of the place of residence. But above all, “Luxembourg life insurance offers great freedom of investment, notes Sylvain Fondeur, member of the management board of Banque Richelieu France. Provided you have the required size, you can access various products such as real estate or private equity, as well as discretionary management in which the client can directly access the manager. »
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