Friday, March 29

Private Banking: Bankinter launches a discretionary management service


Bankinter continues to bet on the private banking business, which it considers strategic, and has just launched a discretionary management of asset portfolios, denominado Excellence Management, aimed at high net worth. The service consists of offering greater flexibility, through greater personalization and exclusivity.

The Excellence Management service has three modalities: Excellence Multiactives, Excellence Selection and Excellence Selection Plus. In the first, the client will be able to completely delegate the management of their portfolio, which will be personalized according to their risk profile and the type of assets they choose, among which they can choose funds, ETFs or shares. In Excellence Selección and Selección Plus, the investor will be able to participate in the definition of the investment policy of their portfolios.

In the case of Excellence Selection Plus, the customization options are even more extensive, with which the client can also choose other assets such as fixed income. In this way, you will not only have access to portfolios of international funds prepared by Bankinter Asset Management, but also a freely selectable multi-asset portfolio.

The private banking business a strategic leg

Bankinter has opted for its private banking business. At the end of 2021, this division managed to increase managed assets by 17 percent, to reach 49,900 million euros.

The bank took fourth place in the business after Caixabank, Banco Santander and BBVA, according to 2020 data.



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