Private Banking: a Wealthy Problem
Private banking smacks of a nose bleed social class treatment for the privileged.
Hey, shouldn’t all bank customers be treated the same way?
Yes, they, we all should. It all depends on what you have bought for yourself. You use a chauffered Rolls Royce or an old weather beater; the first class ticket or coach.
That still doesn’t seem fair. True, they just pay more for the “service” but follow the rules of the road. Sauce for the gander is sauce for the goose.
But, for one thing – many things actually. They do get the best deals, best interest rates, best investment plans, lowest service costs per dollar, bigger bang for their buck, less worry of their funds. Not for the “little guys” is the name of this game.
Alright, I’ll come clean and stop making excuses for the wealthy.
Their problem is appearing to be poorer in this economy and experiencing much of the disdainful problems the masses have.
You see, they do worry a lot. But the worry is really about what do to with all that financial wealth. They are scared stiff of living the lifestyle of the masses. The wealthy still want that Ferarri, the Swiss finishing school, the private jet to their friend’s birthday party, their monthly resort visits to unwind.
And the problem is, how do they not lose it at all? Bill Gates lost @ $12 Billions in this economic downturn. And that scares the financially wealthy. Yet, people forgot that he once lost over $60 Billions in stock value. But did that change his lifestyle? Of course not. And I’ll bet the rest of the world won’t give a damn even if he does – unless of course you have a vested interest in Microsoft staying healthy.
And this is where the services of the best private banking services come in. The very best bankers - managers of money and asset allocation are there to manage your assets for you day and night. You need to transfer so much to where? No problem – 24/7/365. All so sir and madam can go and keep up with their lifestyle without undue worry. Help and service is always a phone call away.
The truth is this is a very different class of personal bank most of the public are used to. They can and will do what’s best for their precious clientelle on a very personal basis, even managing their assets world wide. Much of the principles of banking are adhered to but not the service. And with their help, the rich do get richer. Sure, they are all subject to the vagaries of the economic swings, but their relative purchasing power can remain unscathed. In fact watch as they are able to turn their assets to work for them and come out better than before the crash.
After all, they have the Money, Talent and Ability on their side.
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