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We have worked at the heart of the private banking and wealth management sector for generations. We have longstanding relationships with many top names in the sector, giving us deep insight into the operations of private banks and wealth managers. More importantly, we understand the level of service they need to effectively cater to their dynamic and demanding client base.

Our private banking and wealth management services

We provide comprehensive, market-leading expertise specifically tailored for private banks and wealth managers. Understanding the critical need for these institutions to implement regulatory changes with minimal client disruption, we assist our clients in ensuring their client-facing documentation is not only compliant but also reflects their core values. Additionally, we help develop diverse product solutions that cater effectively to their unique client bases.

We have worked with many clients to adapt and improve their offering using new approaches and technology. Given our complementary expertise in advising high-net-worth individuals and family offices, we know what clients of private banks and wealth managers expect in terms of service level, style of documentation and sensitivity of approach and we can support them to deliver on those expectations.

Legal services for private banks and wealth managers

We advise our private banks and wealth manager clients on the full spectrum of legal and regulatory issues that impact them and draw upon our expertise across our legal teams to advise on:

Recent work highlights include:

  • Advising a UK private bank on the redrafting of their suite of template regulated mortgage documents to make them clearer and easier to understand for the purposes of the Consumer Duty. We used readability software to assess independently how easy the documents were to understand.
  • Advising on the integration of a wealth management business acquired by a UK bank, including advising on the transfer of clients and client agreements and numerous integration issues.
  • Advising a Middle Eastern private bank on the £60 million financing of a new luxury hotel in Mayfair, London.
  • Advising a Canadian private bank on a £100 million financing of two super-prime residential properties in London to two overseas trusts. One of the properties is undergoing a significant redevelopment, with the bank providing development finance in line with budgeted costs.
  • Advising a major UK wealth manager on a series of strategic acquisitions of wealth management, investment management and financial planning businesses with deal values of £164 million and £52.4 million.
  • Helping private banks to understand their obligations under new payments rules, including the Confirmation of Payee requirements and the new rules on Authorised Push Payment fraud.

How can we help?

Contact the team about our services for private banks:

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