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BNP Paribas was formed after the joining of Banque National de Paris (BNP) and Paribas in 2000.
With a presence in 68 countries and around 193,319 employees, the BNP Paribas group is a well-known name. They offer retail banking, corporate banking, institutional banking and investment solutions.
BNP Paribas was established in France as a Partnership Limited by Shares.
They are authorised and supervised by the European Central Bank (ECB), the ACPR (Autorité de Contrôle Prudentiel et de Résolution) and the AMF (Autorité des Marchés Financiers).
BNP Paribas offer a wide range of services under wealth management.
These are usually aimed at entrepreneurs, families, expatriates, high-net-worth individuals and external wealth managers.
The wealth management services provided to private clients can be summarised below:
Tailored investment strategy
|Wealth planning||Positive impact|
|Portfolio management||Credit leveraging||Sustainable and responsible investing|
|Investing||Strategic asset allocation||Philanthropists|
|Investment themes||Future planning||Clover rating|
BNP Paribas allows you the flexibility to either manage your investments on your own, take advice from a specialist or use their DPM (Discretionary Portfolio Management) solutions.
1. Portfolio management:
BNP Paribas' clover rating is another initiative by their wealth management team to help private clients identify the level of sustainability of their investments.
Additionally, BNP also advices on philanthropic activities and claim to provide solutions that match your values.
We would highly recommend reading the 'expert verdict' section of this review to make an informed decision.
Additionally, here's a free guide that can help you achieve better results. In this guide, you'll learn:
Structured investments is a strategy used by BNP Paribas' wealth management team that combines bond investing with derivatives.
Structured Investments are meant to provide clients with access to markets without constraints and flexibility. However, we would recommend reading this blog before making a decision.
BNP Paribas has created a questionnaire that helps their private clients understand the impact their investment portfolio has on the environment and on other social issues.
In their own words, BNP Paribas says that they wish to promote an economy that respects ecosystems and is beneficial for all.
BNP Paribas is a huge, well-known brand, which may mean that the traditional values you would expect from a private bank, such as trust and an uncompromising duty of care, are harder to achieve.
BNP can only push its own products and services, as opposed to being able to go to the market and find you the best available. Because BNP 'does everything', its private bankers are also likely to sell you a bit of everything. BNP is most interested in the very wealthy (10m GBP+) so smaller clients are likely to receive a lesser standard of service and banking.
If you are already a private banking client of BNP Paribas, 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.