Private Banking vs Private Wealth Management

If you thought private banking and private wealth management were the same thing, you'd be forgiven. Most people think they are. However, in today's video I'll explain to you in simple terms the key differences between the two often sought after career paths and roles. Thanks for passing by and enjoy the video!

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[ashwinaditi]

Is an IFA basically a wealth manager? There might be an economical turmoil but there is no doubt that this is still the best time to invest.

[frankalex]

You have not mentioned opportunities in the Financial sector, , I do Stocks, Forex, Crypto and Commodities Trading. There is money to be made in this industry as long as you are willing to learn

[hugoferdinand]

Well, you should do a video explaining the different jobs in wealth management and private banking, the salaries, how to get there etc. Very interesting.

[Pilson]

Most large private banks in United States take a holistic and comprehensive approach as well as having the ability to execute on advice where most wealth management firms can only execute on investments but they can execute on credit investment banking trust management etc.

[justinh]

I tend to disagree here as someone who works in PB. did you work in PB? seems like you have PB and WM mixed up

[UnderestimatedUproblem]

Change is near.... for that i am certain. There are many things you can fake, one thing you can not, is knowing exactly what you are talking about financially. Are you financially sound, your initial sentence executes that fact. Thanks and good night.

[wealthsolutionz]

Best explanation on this I have ever hear

[iznsheikh]

Maybe a follow up video including how to pass the SIE and respective FINRA licensed series exams associated with the two fields.

[shortburstproductivity]

Thanks Afzal, really useful info! Could you do a video on Equity research roles? Salary, work hours, skills needed, etc. - Would be very useful!

[hotelmanagerchannel]

Your uploading schedule is amazing ! Keep going !

[Daniel-nybn]

Does Private Banking have the same agency problem that Financial Advisors do? In Canada, branch level financial advisors (retail level) are trying to sell you underperforming high fee mutual funds. Do Private Bankers leverage similarly poor investment vehicles to satisfy client risk appetites or do they invest directly into markets and make personal decisions regarding your portfolio? Thanks!

[tmbequitypartners]

How about a video on Lifestyle Management Services under the umbrella of Private Wealth Management?

[i_am_powerballinrich]

Top 5 Private Banks in US also top 3 national wealth management services available in US.

[hottbboys]

Hello
I'm Victor if you have a large amount of money to invest, let's say I have a Cusip with a large amount of. Money attached to it. What could a private wealth do for me

[rodrigobelinchon]

Risk Appetite, sounds like the title of my next album

[brlvk]

Could you do a video on trusts please?

[nywannyw]

Thanks for the video! What about assets management vs private equity? I often see people use these interchangeably. Are they pretty much the same thing?

[demiurge]

Who has no
say in how the banks are run? The people. ​“No taxation without
representation!”
​“No banking
without representation!”
​Banks
should be in the service of the people, their specific remit being
​to grow the economy in the
interests of the people. Banks should not ​have a separate agenda of enriching
shareholders and the senior ​banking staff as much as possible,
with no heed to the interests of the ​people.
​Banks are a
state within a state, a fifth column that continually ​subverts government. They are not run
by the people for the people, ​and their agenda is often that of the
opposite of the public good, so ​why are they tolerated by the
people?
​All banks
should be brought under the direct control of the people,
​and should invest in the
people to bring about increased prosperity for ​all, not for a select group of rich
shareholders (the rich getting richer).
​Banks are
vehicles for the rich. They should become arteries of ​public financial health and
prosperity. No banks should be permitted ​to engage in any economically
destabilising, speculative, casino ​operations designed to make money
from money rather than from real ​goods and services in the real
economy. Banks and the economy ​should be precisely aligned with
the same objectives – the increasing ​wealth of the entire population
through investment in the talents of the ​people.
​Banks
that serve the interests only of a privileged minority cannot
​be tolerated. Such banks
are subversive of the public good. If the ​people want to have control over
their destiny, they must have control ​over the economy, hence they must
control the banks. It’s absurd that ​the banking system, by which the
economy stands or falls, is outwith ​public control. Why is that?
Because the Old World Order – the Elite, ​dynastic families that have always
ruled the world – deliberately make ​sure it is beyond the reach of the
people. The reality of power is the ​control of money. A democratic
government that does not control the ​banks is not in control of the
country, so elections are meaningless.
​​It’s as
simple as that.
​All banks
should be under the supervision of a Supreme Economic ​Council of publicly appointed
economists, accountable to the people. ​One of their specific tasks should be
to prevent any repetition of ​“Boom and Bust” economic cycles, all
of which are caused by ​speculative, “get richer quicker”
schemes by the rich. The rich, time ​and time again, have proved
themselves the enemies of the people. ​Why do the people tolerate being
second-class citizens in their own ​country?
​The current
banking system is the central instrument of policy, ​control and strategy of the Old World
Order. While they retain control ​of money, their power can never be
challenged. Therefore their ​control of money must be ended. The
people must be in charge of the ​money.
​CEOs
presiding over financial institutions that degenerate into
​chaos, destabilising the
economy in the process, should be jailed. At ​the moment, CEOs responsible for
catastrophes have walked away ​with enormous pay-offs. What kind
of message does that send out? If ​people in the real world have lost
their jobs because of the gross ​incompetence and recklessness of
bankers then these “masters of the ​universe” should be prosecuted with
the newly defined crime of ​“reckless endangerment and theft of
another’s livelihood.” If hordes ​of the super rich found themselves
behind bars, their excesses would ​be curbed instantly.
​Sir
Philip Hampton, the chairman of the Royal Bank of Scotland,
​admitted in an interview
that bankers’ salaries were “astonishingly ​high”. Then he said that RBS could
not attract the best staff without ​paying excessive wages. “If we
don’t pay our top people, they leave ​very quickly, ” he added. Of course,
just as graveyards are full of ​people who thought they were
indispensable, so are the corridors of ​banks full of people who think
they’re crucial but who could, in ​reality, be easily replaced. How
can a bank ever know if it has the ​“top people” or not? If it sacked
all of its senior staff, replaced them ​with new meritocratic graduates and
doubled its profits then it would ​be proof that their original staff
were not the top people. But it will ​​never do that, so the question of who
is “top” can never be properly ​answered. It’s no more than a
convenient opinion, an untested ​hypothesis. It’s no kind of objective
fact, but it certainly suits bankers ​to keep perpetuating the myth of how
essential they are, and paying ​themselves accordingly.
​It is
estimated that lawyers and administrators working on the ​winding down of the American and
international operations of ​Lehman Brothers will eventually reach
$4 billion. Nice money for the ​vultures feeding on the carcass. Why
should any bank be allowed to ​reach the scale where it costs
billions simply to shut it down? All of ​these banking leviathans should be
broken up into much smaller units. ​Nothing should be too big to fail.

[Businessmindhack]

Can we a video on islamic investment banking and also on gold investment real gold and paper gold

[JJ-ndty]

Can you do a video about sales and trading