A Private Banker has the task of keeping the wealthy people wealthy. Those particular clients often own more than one million in liquid assets.
Private bankers help their clients to manage their capital by advising them how they should invest wisely, without taking too much risk. Depending on the requirements of the client, Private Bankers advise on how to invest their money in Hedge Funds – that are typically high risk and high return – or in safe Government Bonds, depending on the Risk profile of the clients.
The tasks of a Private Banker also often includes giving advice on saving, taxes, pensions, inheritance, developing a strategy for charity and how to safeguard wealth in a tax-efficient manner.