Summary
Tailored wealth services offers tailored financial services to high-net-worth individuals—typically those with $1M+ in assets. But the real value depends on your needs. You might get more personalized and transparent advice from a fiduciary advisor, like those onSam’s List.
What Is Private Banking?
Private bankingis a bundled set of financial services offered by banks to wealthy clients. This usually includes:
Investment management
Lending and credit lines
Estate and trust planning
Tax strategies and charitable giving
Your relationship is managed by a dedicated banker or team who acts as your point of contact.
Who It’s Designed For
Tailored wealth services is typically geared toward:
Entrepreneurswith liquidity events
Clients with complex estate, tax, or lending needs
Minimums range from $250K to $10M depending on the institution.
How It Actually Works
Once you qualify, the bank builds a relationship team around you—often including:
A private banker
Investment specialist
Trust officer
Credit strategist
They provide integrated service, but that often comes with:
Proprietary product incentives
Tiered pricing structures
Limited platform flexibility
Pros and Cons
Pros:
Concierge-level service
One-stop shop for finance
Access to exclusive products and rates
Cons:
Potential product conflicts
Less investment flexibility
You may be steered toward in-house options
Sam’s List POV
Tailored wealth services can work for some, but many clients want advice without the pitch. That’s where fiduciary advisors come in.
Sam’s List features vetted, independent advisors who:
Focus on planning first
Act in your best interest
Don’t push products
And many serve clients with as little as $500K.
FAQ
Can you access tailored wealth services through your current bank?
Possibly—if you meet the asset threshold or relationship value.
Do private bankers act as fiduciaries?
Usually not. Private bankers are employees of the bank, so their primary obligation is to the institution—not necessarily your best interest. They may be incentivized to offer in-house products rather than what’s best for your goals.
Is everything really customized?
To a degree. But options may still be limited by bank policy or product lineup.
What’s the fiduciary alternative?
Fiduciary advisors—like those on Sam’s List—are legally required to act in your best interest. They typically focus on comprehensive planning, not just selling products, and offer more flexible solutions based on your full financial picture.
Final Word
Tailored wealth services might offer a polished experience—but it’s not the only way to manage wealth. If you want true personalization and fewer conflicts, start with Sam’s List.
Compare independent fiduciary advisors now →Sam’s List
You Might Also Like:
- Financial Advisor for Entrepreneurs
- Financial Advisor for Business Owners
- Understanding Financial Advisor Fees
Author: Kimi, Co‑founder of Sam’s List
Kimi writes about what she’s learning while building Sam’s List and shares honest takeaways from her conversations with accountants and financial advisors across the country. None of this is financial advice—just the stuff most people wish someone told them sooner.
