In the ever-evolving landscape of private banking, an intriguing trend emerges. The independent wealth manager appears more frequently as a hybrid model, blending the best of both worlds, Patrick Stauber writes in an article on finews.first. But is this truly the modern face of private banking?


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Traditionally, private banking was a realm for prominent bank houses, offering their clients exclusive services. However, in today's affluent clients' digitized world, HNWI/UHNWI clients still seek tailor-made solutions, flexibility, and transparency.

This is precisely where independent wealth managers come into play. Agile, client-centric, and tech-driven, keeping the human touch, they shed the weight of a massive institution, allowing for bespoke and innovative investment strategies.

«Merging traditional expertise with modern agility might shape the future of private banking»

Their independence also means they're not tied to specific in-house products or services, enabling more objective advice centering around a client's best interests. In this light, they might be seen as a contemporary hybrid, encapsulating the traditional banking wisdom and the adaptability of today's fintech landscape.

Yet, the strengths and capabilities of large banks can't be overlooked. Their networks, expertise, and resources remain invaluable.

In conclusion, the independent wealth manager exhibits elements of a modern hybrid in private banking. But, as with any hybrid, it's all about striking the right balance. Merging traditional expertise with modern agility might just shape the future of private banking.


Patrick Stauber is the Group CEO and CEO of Marcuard Heritage. Before joining the firm, he was a managing partner of a Swiss independent wealth manager and a member of the Board of various investment fund vehicles. From 1996 to 2006, he played a pivotal role at Morgan Stanley in Zurich and London. Previously, he spent six years at Citicorp Private Bank, Zurich and Citibank in London, after completing an apprenticeship at Bank Leu. His educational background includes a degree in business administration. He is a certified Six Sigma Black Belt.


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