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Barclays Private Bank

Barclays Private Bank was founded in 1690.

It is a British multinational bank headquartered in London. 

Barclays has over 4,750 branches in about 55 countries and employs around 10,000 people.

Barclays Private Bank operates under two main divisions:

  • Barclays UK and
  • Barclays International

Barclays is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority. It is also a member of the London Stock Exchange and NEX.

Our Verdict
A Closer Look
Customer Reviews

Barclays' overall services can be grouped into 3 main categories:

  1. Banking
  2. Investments
  3. Philanthropy

Here's an overview of what each of them entail.

1. Banking:

Barclays' banking services range from digital services to credit solutions. This includes:

  • Private banking:

    Barclays' private banking services can be briefly summarised below:
    - Analytics to select investments
    - Complex structuring
    - Hedging
    - Investment banking
    - Family office services
    - Banking products and online banking solutions

  • Banking and credit solutions:

    Barclays' banking solutions includes money market funds that are available in 3 currencies, notice accounts across multiple currencies, treasury deposits, digital banking services and 24/7 support facilities.

    Credit solutions include real estate financing options, structured credit, trade finance and securities-backed financing.

  • Wealth advisory:

    Barclays Private Bank claim to understand client's unique needs, goals and help them structure their finances and put a succession plan in place accordingly. These wealth advisory solutions also includes estate planning, retirement planning, liquidity planning and family offices support.

  • Digital banking:

    Barclays Private Bank allows clients to view their investments anytime and anywhere through their online system. They also have a mobile banking app that is available in both Google Play and the App Store.

2. Investment:

  • Investment services:

    Barclays Private Bank claim to have investment services that give clients the flexibility to chose what is most suited to their goals and circumstances. These services can be summarised below:

Title Description
Discretionary services Under this, a dedicated portfolio manager invests on a client's behalf.
Advisory services Under this, the client still has control over his portfolio but gets advice from a dedicated private banker and investment advisor.
Execution only Here the clients are not advised (by choice) but provided with market information and real-time data to facilitate their decision making.
Direct access This service gives clients access to execution specialists and dedicated experts in equity, fixed income and the foreign exchange markets.

  • Discretionary portfolio management:

    Barclays Private Bank offer clients DFM solutions where their portfolios are actively managed by professionals (we would recommend reading the expert verdict). It structures each individual client's portfolio to their risk capacity, preferences and goals.

  • Sustainable portfolio management:

    Barclays Private Bank offer a sustainable portfolio management option for clients looking to make a positive impact through their investing. These sustainable portfolios claim to deliver good investment returns while supporting social issues that matter to the individual investor.

  • Strategic solutions:

    The strategic solutions provided by Barclays Private Bank range from direct investment options to corporate financing and other real estate and private equity investment options. We would highly recommend reading the expert verdict section of this review before making a decision.

3. Philanthropy services:

Barclays Private Bank offer philanthropic services to clients to help them identify causes close to their heart and advice them throughout the way. This includes guidance on the best structure options, causes, areas to support and more.


We would recommend reading the 'expert verdict' section of this review to make an informed financial decision.

Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:

  • Academic evidence only shared with a select few firms across the world
  • A real-life example of why you should never try to outguess the market
  • Why a fund's past performance is not enough to predict future returns
  • Why you need to focus on what you can control and why this leads to a better investment experience
  • Why you should accept the markets for what they are
  • What can impact behaviour and make people seek instant gratification

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The Pros

> Top tier private bank
> Strong brand name

The Cons

> Not a fiduciary
> Higher fees
> Lack independence
Does Barclays offer their services to corporates?

Yes, Barclays Private Bank does offer their services to corporates and intermediaries.

Their regional operations in Switzerland are said to serve corporates and other independent managers.

Does Barclays Private Bank have an office in the Middle East?

Yes, Barclays Private Bank has an office in the Middle East.

They also have offices in:

  • Monaco
  • India
  • North Africa
  • Switzerland
  • Ireland
  • United Kingdom.

Have you used Barclays Private Bank's services?

Join the conversation - be the first to comment.

Please send your review and comments to marketing@aesinternational.com to help people make an informed decision.

Expert assessment of Barclays Private Bank

Barclays is a very large, top tier private bank with a very strong brand name, making them a good option for senior international investors.

However due to its sheer size, private banking clients are likely to be treated as a number, and less likely to experience the traditional values you might expect from a private bank, such as trust and an uncompromising duty of care.

Barclays also lack independence and are only able to push their own products and services, as opposed to being able to offer you the best available in the market.

This is likely to result in higher fees.

Because Barclays 'do everything', their private bankers are also likely to be incentivised to sell you a bit of everything.

If you are already a private banking client of Barlcays, we would recommend a no-obligation Second Opinion to ensure you are on track to reach your ideal future.

Additionally, we are happy to review the financial plan that has led to the investment portfolio you currently have.


Barclays Private Bank - Bank Terms for 2021

Barclays Private Bank - Tariff Guide

Barclays Private Bank - Fee Information Document

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