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Pictet Private Bank

The Pictet Group was founded in 1805 in Switzerland.

Headquartered in Geneva, the bank primarily offers financial services, private banking, asset management and wealth management services to clients.

Pictet is a partnership of 7 owners who manage the overall operations of the group.

The Pictet Group is said to have CHF 662bn of assets under management. It employs 4,900 people in offices spread across Switzerland, Europe, Asia, America and the Middle East.

NOTE: Pictet emphasises that they do no extend commercial loans, nor do they engage in investment banking.

Our Verdict
A Closer Look
Customer Reviews

Pictet Private Bank's services can be broadly classified in 4 categories:

  • Wealth management
  • Asset management
  • Asset services
  • Alternative investments

1. Wealth management:

Pictet claims to provide clients with investment solutions based on their needs.

Pictet also talks about having 3 pillars of wealth management. These are:

  • Wealth solutions: 
    These wealth solutions provided by Pictet include private funds family advisory services, wealth planning, philanthropy services and secured lending solutions for existing Pictet clients.
  • Investment solutions:
    Pictet Private Bank offers various actively managed investment strategies to clients. They claim to help with the designing, tailoring and delegation of asset allocation.
  • Banking solutions:
    Pictet's banking hub claims to manage every clients reporting and custody needs. They also offer digital portfolio access and trade execution services for clients. 

Family wealth management:

Pictet Private Bank claims to help clients with significant family fortunes, regardless of whether they have family offices or not.

They provide wealth solutions that help them protect, grow and transfer their family fortunes, including any philanthropic activities the family may have an interest in.

Pictet also claims to help HNW individuals set-up operations that matches their needs and reduce the complexity of their situation.

Pictet also offers pension planning that is dedicated to Swiss residents only.

2. Asset management:

Pictet Asset Management offers investment solutions to clients. It is said to be independent with over 18 offices worldwide.

The investment capabilities of Pictet Asset Management includes:

  • Absolute return strategies
  • Emerging markets investment strategies
  • Multi asset solutions
  • Thematic investment strategies
  • Equity investing
  • Fixed income investments
  • Hedge fund strategies 
  • Sustainable investing options

3. Asset services:

Pictet offers asset services to financial institutions, asset, fund and wealth managers.

The services offered under this can be briefly summarised below:


Custody services

This includes:

- Safe keeping
- Reporting 
- Ancillary services

Trading services

This includes:

- Instrument coverage
- Round-the-clock trading capabilities
- Electronic trading capabilities
- Financial engineering

Fund administration services

This includes:

- Reporting
- Transfer agent
- Fund accounting

Fund governance

This includes:

- Investment monitoring
- Legal and governance
- Risk and compliance


4. Alternative investments:

Pictet Group cover a variety of hedge fund strategies and portfolio management in private equity, real estate and hedge funds. Pictet claims to have 30+ years of experience in alternative investments and USD 32.6bn of alternative investments managed.


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

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

> Global access
> e-Banking

The Cons

> Lesser staff
> Not the best way to invest
> Possibility of higher fees
What exactly does Pictet offer under wealth planning?

Pictet offers the following services under wealth planning:

  • Estate planning
  • Wealth structuring
  • Tax and legal services
  • Relocation planning
  • Business sale
  • Financial product taxation
  • Business succession
Does Pictet Private Bank offer advisory solutions?

Yes, Pictet Private Bank has different advisory mandates that are meant for clients who want to maintain control over their asset allocation while getting advice from professionals.

Pictet Private Bank has 4 different types of advisory solutions:

  • Access advisory mandate 
  • Advanced advisory mandate
  • Direct advisory mandate
  • Expert advisory mandate

You can learn more about it on their website but we would highly recommend reading the expert verdict section before you leave.

What is Pictet connect?

Pictet connect is an online tool that allows clients to view data at a portfolio level or a consolidated level.

It also gives clients access to financial research and the ability to communicate securely via email.

Have you used Pictet Private Bank's services?

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

Expert assessment of Pictet Private Bank

Pictet Private Bank is a small, more boutique outfit.

Because of this, you are less likely to receive the best of breed in banking, investment and financial planning and fewer staff may also mean skill is lacking.

If you are already a private banking client of Pictet Private Bank, 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.


Pictet Private Bank - Responsible Investing Policy

Pictet Private Bank - Asset Management Prospectus

Pictet Private Bank - Responsible Investing Brochure

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