Nedbank Private Wealth is 100% owned by Nedbank Group Limited, a bank holding company that has been listed on the Johannesburg Stock Exchange since 1969.
It offers a range of wholesale and retail banking services, which includes a wealth offering and their sister company, Nedbank Private Wealth South Africa.
The Nedbank Private Wealth brand was launched in 2012 when both companies were brought together under the Nedbank brand.
Nedbank Private Wealth is dedicated to delivering a tailored service across wealth planning, investment management and private banking for discerning high-net-worth individuals, families and trustees.
Offshore banking services, such as those offered by Nedbank Private Wealth, can benefit international professionals because no matter where you live or work, your money can be safe offshore in a well-regulated jurisdiction.
The three primary services offered by Nedbank Private Wealth are:
Whether you’re looking for international banking, saving options or borrowing, their private banking service provides a solid foundation for managing your wealth.
Nedbank Private Wealth's banking services can be summed up below:
1. Current account:
You can choose their current accounts with 24/7 access to your money via their online or mobile banking services.
Nedbank Private Wealth enables you to earn more from low-risk, short-term cash deposits in any currency - you’re in charge of deciding how long you’d like to deposit money for.
3. Visa platinum debit card:Available as separate cards to access Sterling, Euros or US Dollars - their visa platinum debit cards give you instant access to your money 24 hours a day, seven days a week, from anywhere in the world.
4. Foreign exchange services:Nedbank Private Wealth's comprehensive range of foreign exchange facilities provide you with a range of services including:
Nedbank Private Wealth also offers residential and portfolio lending.
With bespoke lending solutions, you can borrow by securing against a range of investments or UK property – giving you the flexibility you need, without compromising on your long-term financial goals.
Loans can be in Sterling, Euros or US Dollars.
Nedbank Private Wealth's investment management approach is designed to provide for a robust and repeatable process. Portfolios are diversified globally, with no home bias, and use currency management to broaden the investment universe without compromise.
The investment strategies offered by Nedbank Private Wealth are as follows:
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
Subject to status, with Nedbank Private Wealth, lending can be secured against a range of assets, including investment holdings and property.
This approach brings significant additional flexibility to the management of a private banking and/or investment portfolio.
On appointing Nedbank Private Wealth as your investment manager, you benefit from:
Their wide range of risk-rated investment options, help you achieve your wealth goals, whether you need capital growth or income.
Nedgroup Trust ensures your accumulated wealth benefits you and your future generations through their trusts and fiduciary services.
Yes, Nedbank Private Wealth provides online and mobile banking.
Managing your money becomes quick and easy, with the ability to make transfers and payments whenever and wherever you choose.
Whenever you log in to their online wealth services, you can be reassured that you are on a secure, encrypted session and can message their team with confidence.
The features include:
Having never worked with a private bank before, I wasn't sure I was eligible for an account with Nedbank Private Wealth - after speaking to them I was quickly assured I was eligible and indeed, that they'd be able to exceed my expectations.
I use my account for the management of ALL my money needs - banking, credit, lending and investing.
Have to say, I'm surprised when more people haven't heard of banking like this!
In our view, the transparency, security and flexibility offered by the Nedbank Focus platform affords senior international professionals an excellent foundation on which to build and manage their wealth.
The availability of funds, including ETFs, is impressive, which aligns with our own strategy of evidence-based investing.
This platform comes highly recommended by AES, whether you are a financial planning and investment client of ours, or not.
For more information, contact us today.