The Private Banking Services industry in the 2010-2015 period has generated over $42 billion in revenues.
The Private Banking Services industry, which provides wealth management services to high-net-worth clients, is expected to grow robustly in the five years to 2015. Although massive devaluations of client assets in the wake of the financial crisis encouraged low-risk investments and eroded revenue from asset- and performance-based fees. The industry has rebounded in recent years due to strong growth in the stock market.
Private banks provide investment management and speciality wealth advisory services for high-net-worth clients with at least $1.0 million in investable assests. A significant share of the industry's customer base consists of ultra-high net-worth clients who have $10.0 million in investable assets and generally even greater levels of wealth. Private banks generate the majority of their revenue on transaction volumes, client assets and portfolio performance.