Boston, October 30, 2018 – While client loyalty and long-term annuity streams are still the cornerstones of a winning private bank, a paradigm shift is taking place in the overall business model. Private banks across both the U.S. and Europe are challenged to maintain their reputations, relevance, and profitability as they undergo an important and extended transition, and firms need to adapt fast.

This report overviews the current state of the private banking market in the U.S. and Europe and is based on several sources, including primary interviews conducted between January and August 2018 with 15 private banks and firms targeting the high-net-worth space in the U.S. and European markets.

This 42-page Impact Report contains four figures and five tables. Clients of Aite Group’s Wealth Management service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions ABN AMRO, Acorns, ACPI Investments, Banca Leonardo, Bank of America Merrill Lynch, Banque Carnegie Luxembourg, Barclays, Basellandschaftliche Kantonalbank, Betterment, BNP Paribas Wealth Management, BSI, BTG Pactual, Canadian Imperial Bank of Commerce, City National, Commerzbank International SA Luxembourg, Coutts & Co., Deutsche Bank, Credit Suisse, EFG Bank, Falcon Private Bank, Indosuez Wealth Management, J.P. Morgan, Julius Baer, Kleinwort Hambros, LGT, Morgan Stanley, Nordea, Notenstein La Roche, OCBC, PrivateBancorp, Raiffeisen, Reliance Group, Royal Bank of Canada, Royal Bank of Scotland, SigFig, Societe Generale, UBP, UBS, U.S. Trust, Vontobel, Wealthfront, and Wells Fargo.