US Private Banking Introduction

The United States has a large private-banking and private-client market serving high-net-worth individuals, entrepreneurs, investors and families with substantial assets. For clients with substantial investable assets, private banking can provide a more personal banking relationship than an ordinary current or business account.

Coutts Consultants can introduce eligible clients to suitable third-party private banks where a current provider route is available. We do not provide investment advice or manage the client's money; our role is limited to the introduction and practical assistance with the initial banking information.

Who private banking is for

Private banking is generally intended for high-net-worth and ultra-high-net-worth clients whose banking and wealth needs are more substantial or international than those of a normal retail customer.

Each private bank sets its own minimum relationship size, accepted countries and eligibility rules, so these are checked before an introduction is made.

More than a current account

A private banking relationship can include a dedicated relationship manager and access to banking, foreign exchange, lending and investment services offered by the bank.

The exact services depend on the institution and the client. Any investment or lending product is provided and advised upon by the appropriately authorised bank or adviser, not Coutts Consultants through this introduction service.

Preparing for private-bank onboarding

Private banks normally want to understand the client's identity, tax residence, source of wealth, source of funds and the background to the assets being introduced.

Entrepreneurs and business owners may also need to explain company ownership, a business sale, dividends, investments or other sources of wealth. We help organise this information clearly before the introduction.

How Coutts Consultants can help

We discuss the type of private banking relationship sought, review the client's broad profile and make an introduction where a suitable current provider route is available.

The private bank makes the final decision on acceptance and is solely responsible for any banking, lending, investment or wealth-management services it later provides.