Finding you the right Private Banking advisor

The purpose of our site is to find you the right Private Bank Account to match your needs, ensuring every aspect of your banking needs are managed as effectively as possible.

Whether you are looking for advice on Current, Deposit, Overseas, Transfers or any other banking needs we can help by comparing banks to ensure they match your exact needs.

About Us

We have teamed up with some of the UK’s best Private Bank Account Advisers to ensure your finances work for you. They will be able to offer advice on all aspects of financial planning, and help you through the process from start to finish.

FIND AN ADVISOR

Based on your requirements a specialist advisor will be in touch

DISCUSS YOUR NEEDS

The advisor discuss your need and propose solutions

SIT BACK AND RELAX

Knowing your finances are in safe hands

What is Private Banking?

Provided by leading banks and financial institutions across the UK, Private Banking is a concierge service for wealthy individuals, successful entrepreneurs, and those with high-net-worth. Do you need it? Are you eligible? Find out in our comprehensive guide.

About Private Banking

Private banking is just like regular banking in that you receive a current account and, if required a savings account, but it comes with additional features to make your life easier. It includes access to a private banker who will take care of everything from transferring money to paying bills and managing investments, along with hassle-free transactional banking around the clock.

It is a premium banking service for high-earning individuals that includes exceptional customer support, a vast array of privileges reserved for private account holders, and tailored day-to-day banking to suit your personal needs.

The benefits of Private Banking

Numerous benefits come with private banking, such as a dedicated personal banker to assist with your day-to-day transactions, enviable interest-rates, and generous perks such as emergency assistance if your card is stolen or damaged when you are overseas. You’ll also have access to asset-based lending, real estate financing, and bespoke credit arrangements.

Who qualifies for Private Banking in the UK?

To qualify for private banking in the UK, you must have a gross annual income of at least £250,000 per year, and some banks insist that you have savings, investments, or a net worth of £1m or more. Here are the latest eligibility criteria listed by some of the country’s top private banks:

Barclays Private Banking: An investment portfolio of at least £5m

HSBC Private Banking: Investment or borrowing needs of £4m or more

Santander Private Banking: Savings over £500,000 or £250,000 gross annual income

Lloyds Private Banking Level 1: Savings over £250,000 or investments over £750,000

Lloyds Private Banking Level 2: Savings over £2m or £500,000 gross annual income

Investec Private Banking: Net worth of £3m and £300,000 minimum yearly earnings

What’s the bottom line? How much does Private Banking cost?

The amount you will pay for private banking depends on the bank you choose. Some private banks charge an all-inclusive annual fee while others have a monthly charge. Check this when comparing offers.

FAQs

You'll find all the answers to your Private Banking questions below…

What Is Private Banking?

Private banking is a customised banking service offered to high-net-worth individuals. Unlike retail banking or regular high-street banking, it provides a more personalised service with access to a dedicated personal banker and a range of exclusive benefits such as higher interest rates, special credit arrangements, and uncapped asset-based lending.

How Does Private Banking Work?

Private banking is a concierge-type service where a private banker, also referred to as a relationship manager, is assigned to take care of all your banking needs. Your personal banker will pay your bills, transfer money from one account to another, and manage your mortgage, investment, and finance payments. Many banks offer 24/7/365 service to private banking customers and provide emergency assistance when overseas.

Who Is Eligible For Private Banking?

While eligibility criteria vary from bank to bank, you will need to have an annual net income of at least £250,000 to qualify for private banking in the UK. Some banks also require that you have savings or investments of £500,000 and above.

Where Can I Apply For Private Banking?

Most UK banks offer private banking, with Barclays, HSBC, Santander, Lloyds Bank, and Standard Chartered all offering private banking facilities to wealthy customers.

How Much Does Private Banking Cost?

While most private banks charge an annual or monthly fee for this type of banking, they waive many of the costs associated with everyday banking. It could work out cheaper than a regular bank account in the long run, particularly, if you make multiple transactions each week.

What Is The Difference Between Private Banking & Wealth Management?

While private banking and wealth management are both reserved for high-net-worth individuals, they are not the same. Private banking is just that, a private banking service whereby a personal banker takes care of your everyday banking needs. Wealth management includes managing all your financial assets, from bank accounts and mortgages to tax affairs and investments, and so they are two very different things.

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We are committed to respecting your privacy and keeping your information safe. Our easy to read privacy policy is printed below.

www.find-an-advisor.co.uk only use the personal data which you provide to us to allow the financial advisor to provide your quotation.

We will contact you by telephone, sms and email. You will then be contacted directly by the companies.

We do not otherwise send your personal data to ANY third party at any time save where we are under a legal obligation to do so or where you make a complaint about us.

• What personal data do we collect?

The personal data we collect is primarily that which you provide us in completing our enquiry form. We may collect information about the web browser or mobile device that you use to view our website, but we do so only for statistical purposes.

• How do we use your data to obtain a quotation?

In order to provide our services to you we need to collect and process personal data about you and disclose that personal data to a third party financial advisor. As previously indicated to you when you first gave us your data, by using our website you are consenting to our doing so. There is no statutory requirement on you to provide this personal data. However, this personal data is necessary to enable us to arrange to provide you with the quotation that you have requested. We only collect the personal data which we believe is necessary for us to arrange to provide this quotation. All personal data is held in strictest confidence and used only for the purposes of arranging the provision of the quotation you have requested, subject to certain exceptions as described in this privacy policy.

If you provide only your name and email address only to register for our special offer emails your data will only be used for this purpose and will not be shared with ANY third party at any time save where we are under a legal obligation to do so or where you make a complaint about us.

We also use a third party company, Dotmailer Limited to assist us in sending you emails in the future.

• How do I opt out?

You have the right, in certain circumstances to require us to remove the data we hold about you. This is commonly known as “The Right to be Forgotten”. In any event we remove unnecessary data as indicated in the section “How Long do you Keep my Personal Data” below.

To exercise this right please contact us as indicated below:

Email: forgetme@leadadvisorycompany.com

In writing: THE LEAD ADVISORY COMPANY LIMITED, TOWNGATE HOUSE, 2-8 PARKSTONE ROAD, POOLE, DORSET, BH15 2PW

Telephone: 0808 304 9012 - Calls may be recorded for training, quality and monitoring purposes.

Please be aware that we will need to keep some, if not all, of this data in order to comply with laws including those related to our contract with you and the third party financial advisor. It may also be in our legitimate interests to do so.

• How does the third party financial advisor use your personal data?

• We pass data to a third party financial advisor only so that they may contact you directly to discuss your requirements to help provide your quotation. The third party financial advisor will invariably collect additional data about you and should communicate their own data protection policy to you. The third party financial advisor may also need to process data about you in order to consider potential or to fulfil actual contracts with you. We recommend that you read those policies. The third party financial advisor company may wish to send you marketing communications, so if you do not want those marketing communications you will need to opt out directly with them.

• Data Controller

To contact us for any reason, please do so using the following contact information:

Data Controller - The Data Protection Co-ordinator, THE LEAD ADVISORY COMPANY LIMITED, TOWNGATE HOUSE, 2-8 PARKSTONE ROAD, POOLE, DORSET, BH15 2PW.

Email datacontroller@leadadvisorycompany.com

Telephone: 0808 304 9012 - Calls may be recorded for training, quality and monitoring purposes.

• What communications will you receive from us?

Service Emails - Service Communications - After completing an application online via our website, you agree that you will receive a series of initial emails from us. These emails will confirm you have used our website and which companies will provide quotations. We may also contact you by email, telephone or text. We also give details on our privacy policy and how we use your personal data. You cannot opt out of receiving these emails, telephone calls or texts, since we need to send you these communications in order to provide you with the information about the quotations and services you have requested.

Future Services - As part of the services we provide, we may use your information to keep you informed by post, telephone, SMS, email or other electronic means such as via social and digital media about current and new products, services, offers and promotions which may be of interest to you. We do not share your personal data with any other third party other than as set out in this privacy policy. We may also ask you to complete a survey.

To opt out of receiving emails in respect of future services from us please contact us as below:

Email: unsubscribe@leadadvisorycompany.com

In writing: THE LEAD ADVISORY COMPANY LIMITED, TOWNGATE HOUSE, 2-8 PARKSTONE ROAD, POOLE, DORSET, BH15 2PW

Telephone: 0808 304 9012 - Calls may be recorded for training, quality and monitoring purposes.

• How long do you keep my personal data?

Unless there are exceptional legal reasons for keeping your data for longer, we do not keep your personal data on record for more than three (3) years. This is to allow for the normal contract law limitation period.

• Your Rights

The data protection legislation gives you a number of rights. These rights include:

• Right to data erasure which is explained under the heading “How do I opt out” above.

• Right to make a “subject access request”, which is a request for a copy of the data which we hold about you.

• Right of correction (or where appropriate erasure) of data which we hold about you where this is inaccurate.

• Right to data portability

• Right to withdraw your future consent to our processing your personal data.

• Right to complain to the Office of the Information Commissioner.

You have the right to be informed of the matters stated in this privacy policy.

We process your data to comply with the actual and possible contractual obligations which we owe to you and others. If you do not provide this data, it is possible that we will be unable properly to perform any contractual obligation we have to you.

Also, it is in in our legitimate interests to process your data in order that we can consider potential or fulfil actual contracts with you. These are the two legal bases upon which we collect, process and transfer your personal data as described in this privacy policy.

We do not make decisions using automated logic other than to match your postcode with suppliers in that postcode area.

We do not send your data to countries outside the United Kingdom, except that we use Google and Facebook analytics, as indicated in the section headed “How else do we use your personal data” above. Your consent to our use of the data includes our permission to do so.

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We our Analytic Suppliers and Advertising Providers collect information about your use of our website through cookies. Cookies are information files stored on your computer, tablet or smartphone that help websites remember who you are and information about your visit. Cookies can help to display the information on a website in a way that matches your interests. Most major websites use cookies.

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You can find more about how we use cookies and opting out of their use at: .

• Email Communications

You should be aware that where you send us information by an email we have no control over how that email is transmitted. In particular it may be routed through third party servers and through third party countries. This is due to the inherent nature of the internet. We cannot accept responsibility if the information in that email is accessed in an unauthorised manner during the transmission process.

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