Comments on: Everyone needs a private banker http://blogs.reuters.com/summits/2009/10/07/everyone-needs-a-private-banker/ Exclusive outtakes from industry leaders Wed, 16 Nov 2016 08:14:55 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Florand http://blogs.reuters.com/summits/2009/10/07/everyone-needs-a-private-banker/comment-page-1/#comment-1128 Sat, 10 Oct 2009 15:11:51 +0000 http://blogs.reuters.com/summits/?p=3794#comment-1128 I think its a good idea, people needs to be heard and sometimes look forward for professional advices on financial matter.
The main question is:
How much I will believe to my Private Banking Specialist?
– As much as I believe in my bank, and in these days this is not going up for sure. In these time of crisis, banks are moving from TRUST to DOUBTs Institutions.

This might help for better relationships management but the problems arise often from the executives of the bank, not from the specialist in the bottom level.

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By: Oliver Chettle http://blogs.reuters.com/summits/2009/10/07/everyone-needs-a-private-banker/comment-page-1/#comment-1127 Fri, 09 Oct 2009 18:15:53 +0000 http://blogs.reuters.com/summits/?p=3794#comment-1127 People who don’t know what art they like shouldn’t buy art. That way prices would be more affordable for those who really appreciate it.

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By: Wealth - Finance Blog http://blogs.reuters.com/summits/2009/10/07/everyone-needs-a-private-banker/comment-page-1/#comment-1123 Thu, 08 Oct 2009 01:30:51 +0000 http://blogs.reuters.com/summits/?p=3794#comment-1123 Private bankers seem no different than the “norm”. I say this from experience. Having recently invested in a certificate of deposit with a private bank, I thought I was in good….I asked for a personal review of my FICO score and she gave me that upon request…well, it took about a day. But the story gets more interesting…my CD matured and they wouldn’t allow me to continue the CD at the old APY since during the time my CD was collecting interest, the rates dropped. Needless to say I pulled out my money and still had a small checking account. This was well over a year later and I thought why not ask her for an update on my current FICO.
Guess what, she couldn’t do it….saying it was an updated rule. My guess is because I closed down my CD. Moral of the story: private bankers are just like the rest….greedy and in it to win it. You’re just as well off dealing with a name bank.

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By: wildthing http://blogs.reuters.com/summits/2009/10/07/everyone-needs-a-private-banker/comment-page-1/#comment-1122 Wed, 07 Oct 2009 23:00:01 +0000 http://blogs.reuters.com/summits/?p=3794#comment-1122 and a personal lawyer, criminal, financial, liability, as well, maybe a personal bodyguard too. Don’t forget the life coach and fitness coach. Or living is too risky to bother with…

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