First, the object. Generally, customers of private banks require their financial assets to be above 6 million per day. Because there are too few assets and too little operating space, another possibility is that this customer has not achieved financial freedom, and his demand goal may not be wealth preservation, but early wealth creation and entrepreneurship. Therefore, the main goal of private wealth management is to help customers maintain value and seek stability. Creating wealth and increasing wealth usually require customers to do it themselves.
Second, the goal. As mentioned just now, the purpose of private banking services to customers is to help them preserve and increase their value. Then it can be seen that the tools recommended to customers cannot focus on investing in high-risk products. Under normal circumstances, it is safe to use insurance trust or family trust tools to help customers achieve their goals according to their own characteristics.
Finally, what lawyers can do. On the one hand, we can train their employees on the legal issues involved in the tools provided by banks or trust companies; On the other hand, it provides advice for legal problems encountered by private bank customers.
In fact, not only lawyers, banks, trust companies, insurance companies, family offices and wealth management companies, but also accountants and tax agents can provide services for private wealth management.
How to develop business, cooperate together and serve high-net-worth customers needs to explore slowly, accumulate experience and come on!