REVIEW SUMMARY

BNP Paribas

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).

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The main services offered to private clients by BNP Paribas include:
  • Islamic banking: 
    BNP Paribas works with the Sharia Board to put in place structures and Sharia compliant investments and finance solutions. They launched 'BNP Paribas Najmah', the global Islamic banking division around 18 years ago, to keep up with the growing demand for Islamic banking needs. This division of their bank is situated in Bahrain.
  • Real estate:
    BNP Paribas claim to help international professionals based in the Middle East invest in the European real estate market. This division of their bank is called 'BNP Paribas Real Estate'. They offer property valuation and property management services in addition to their consulting services.
  • Wealth management:

    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
    Diversification    


    1. Portfolio management:

    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.

    2. Investing:
    They offer private clients investment opportunities based on their needs and risk profiles. The investment options include:
    - equities,
    - bonds,
    - funds and
    - structured investments.

    3. Investment themes: 
    BNP Paribas keeps an investment theme every year that focuses on different tactical strategies. These change from time to time and we would recommend checking their website if you want to learn more. 

    4. Diversification:
    BNP Paribas' private investment teams and wealth management service allows clients to diversify their portfolio and increase their global exposure. This also includes investing in real estate - which is not always recommended by our experts (learn more in this blog about property vs the stock markets).

    5. Credit leveraging:
    Financing solutions are also offered by BNP Paribas to it's private clients as part of their overall wealth management services. The credit offered includes bridge loans, mortgage loans, multi-currency credit, business financing, aircraft financing and more.

    6. Strategic asset allocation:
    BNP Paribas calls this the 'Strategic-A'. It is essentially a decision-making tool that allows you to get key indicators and identify strategic asset allocation guidelines. This wealth management service is reserved for their high-net-worth private clients.

    7. Future planning:
    True to the name, this service offered to private clients by BNP Paribas allows for long-term wealth preservation and includes planning for the transfer of wealth globally.

    8. Sustainable and responsible investing:
    Under this, BNP Paribas' wealth management team, selects the best SRI (Sustainable and Responsible Investments) funds. Investors looking to make a positive impact while investing are finding these SRI options appealing. These funds essentially support activities that help good causes and the environment.

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.

NOTE:

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:

  • 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

> Well-known brand
> e-Banking

The Cons

> Expensive
> Not a fiduciary
> Sales approach
> Not the best way to invest
How can BNP Paribas' structured investment option help?

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.

What is MYIMPACT?

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.

Have you used BNP Paribas' services?

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Expert assessment of BNP Paribas

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.

GET A SECOND OPINION

BNP Paribas - Wealth Management 2021 Fees and Commissions

BNP Paribas - Sustainable Investor Guide

BNP Paribas - Corporate and Investment Banking Brochure

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