Private bankers manage money and oversee financial activities for high net-worth clients while developing relationships with clients. They provide banking services including personal cash management, secured and unsecured credit and investment management, and interest services. They are responsible for identifying potential new clients and working with them to build a lasting relationship to ultimately manage their wealth.
Private bankers work with clients to help meet financial needs or goals. They advise and consult with clients proactively and explain available financial services. They educate clients about investment options and inform them of potential risks when recommending investments. They are also required to closely monitor client account performance to ensure that the account is behaving positively and meeting the client's needs. Private bankers need a bachelor's degree in finance and relevant training in sales and client experience, private banking and wealth management, and formal credit training completion.
Average Years of Experience
Common Skill Sets