Private banking costs

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2145

What do private banking services actually cost in Switzerland? Are wealth management services worth the cost?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

Hi there,

The costs of private banking services vary between banks. The investment strategy you choose also affect costs. The rule of thumb is: The more shares are included in your portfolio, the higher the total annual costs.

Recently, many Swiss private banking services have begun charging flat fees. As always with flat fees, it is worth taking a close look at what is actually covered. In almost every case, the fees and charges attached to individual products are not covered by the flat fee.

Best regards from Moneyguru

More on this topic:
Wealth management: Costs to consider
Private banking service comparison

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