Why should entrepreneurs choose a private bank?
key takeaways.
- Early asset structuring is essential. A private bank can help entrepreneurs separate business from personal assets while supporting them with family protection, retirement, and diversification
- Each stage of the entrepreneurial journey calls for a dedicated asset strategy. Starting, growing, selling, and transferring a business all need the right kind of support
- Diversification is essential for senior business leaders. Private assets can complement traditional markets and reduce dependence on entrepreneurial risk
- A private bank helps entrepreneurs manage complexity by coordinating expertise across investments, tax planning, wealth structuring and succession planning, within a coherent long-term strategy
- An international dimension adds complexity to the management of assets. Tax treatment, residence, holding companies, and succession planning require a coordinated approach across jurisdictions.
Lombard Odier supports entrepreneurs at every stage of their journey, from bespoke wealth structuring and tax planning to investment solutions. Discover our approach.
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Frequently asked questions
What is the minimum amount required to become a client of a private bank?
The threshold varies by institution and country/countries of operation. It also depends on the nature and complexity of the client’s financial goals. When it comes to Lombard Odier, the best approach is to contact one of our private bankers and have a conversation about your situation, so we can understand your needs and tell you how we can help.
What sort of entrepreneur might benefit from the services of a private bank?
Private banking is suitable for any entrepreneur whose wealth – whether still accumulating or already developed – needs structured, personalised management. This includes: (1) start-up founders seeking security for their family as soon as possible; (2) senior executives in the growth phase looking to diversify wealth that remains within their business; (3) future sellers keen to plan for the tax and wealth management implications of the transaction; and (4) any business leader looking to prepare for retirement, organise a hand-over of their company, or plan for the tax impact of their estate. At Lombard Odier, we conduct an initial wealth assessment for each new client, so we can create a personalised strategy to meet their unique objectives.
How can a private bank help an entrepreneur structure their financial planning?
The wealth management for entrepreneurs offered by a private bank goes well beyond portfolio management. It covers overall asset structuring (segregating private and business assets and organising a holding company), tax planning, family protection, preparation for retirement, and, if needed, family governance and succession planning. At Lombard Odier, all these dimensions are managed by a coordinated team consisting of a private banker, investment experts, and wealth-planning specialists to ensure the overall coherence of the strategy.
How can Lombard Odier help start-ups and small and medium enterprises (SMEs)?
In the start-up and development phase, wealth-planning challenges are often secondary to business growth. However, structuring your private assets early – including clear segregation from business assets, implementing suitable family protection, and setting a savings strategy – helps realise value over the long term. At Lombard Odier, we support entrepreneurs through these early stages, providing the same exacting standards and personalisation we offer all our clients.
What specific services does Lombard Odier offer to entrepreneurs?
Our services cover the full range of wealth and financial management:
- Comprehensive wealth assessments
- Discretionary or advisory portfolio management
- Access to unlisted assets: private equity, private debt, real estate, infrastructure
- Succession planning and family governance
- Multi-jurisdictional tax planning and support with changing residence
- Advice on philanthropy and managing a foundation
- Lombard loans, guarantees and asset-backed financing solutions
- My LO: an e-banking platform that provides an overview of your investments, market movements, and our latest research
important information
This is a marketing communication issued by Bank Lombard Odier & Co Ltd (hereinafter “Lombard Odier”).
It is not intended for distribution, publication, or use in any jurisdiction where such distribution, publication, or use would be unlawful, nor is it aimed at any person or entity to whom it would be unlawful to address such a marketing communication.
