Private client services are offered by most banks and financial institutions now. Private client account services are offered to customers that maintain a certain balance with their company. The private client financial service account rep provides personal service that other customers never see. She can come to your office to go over your accounts or even pick up deposits.

Wealthy private client financial services recipients receive financial management and consultation. Estate planning is an integral piece of wealth management that the private client service professional will provide. Private client services careers are available in most banks. The commissions and access to high-level executives and those with family wealth, make the job all the more attractive.

1. Use private client service professionals for your day-to-day banking needs

2. Receive private client financial planning

3. Utilize private client account services for your business financials

Action Steps
The best contacts and resources to help you get it done

Get your own personal banker to return your calls

Your personal private client service professional will come by your office or home to get signatures and take deposits. You can arrange for loans and any other kinds of banking needs from your own place. Your account rep has all your private client service information and can tailor individual financial products to serve you best. Some of the products available to private client financial planning customers include unsecured lines of credit, wealth transfer financing and mortgages. Your relationship manager can order checks, transfer funds and check ATM activity as well as make payments to your credit cards.

I recommend: Wells Fargo is a large bank that offers extensive private client financial services. JP Morgan offers a wide range of financial services across many disciplines for their wealthy private client service customers.

Keep all your finances in one place with someone you trust

You don't need to have a financial planner when you take advantage of the private client financial service solutions. Rather than spread out your investments with a number of different planners and bankers, you can work with a private client financial service and find a professional who has the motivation to find you the best investment vehicles. He or she will work very hard to develop a personal relationship with you and your family and your business.

I recommend: Wachovia has a private client financial services division for wealthy clients which offer financial planning as well as banking services. Bank of America is another large corporation that is putting more and more emphasis on their wealthy customers with private client service information. They offer wealth-structuring programs tailored to your needs.

Put your business banking in the hands of a private client service professional

Private client financial services have worked so well for the banking industry and financial institutions, that they have extended the same kinds of valuable customer service to business owners as well. Your private client service information can be included in your personal banking or you can use a separate account rep.

I recommend: SVB Private Client Services provides personal financing solutions to entrepreneurs, investors and senior executives in the technology, life science, private equity and premium wine industries. Signature Bank is a New York-based bank that provides private client financial service to small business as well as larger institutional organizations.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Talk to a few private client services marketing reps before you choose a final private client service professional. Benefits vary from one provider to another. Take a day to get to know your rep too. You must like and trust your private client service professionals.