Standard Chartered
Private Bank

An independent review by our team of experts

Headquartered in London, Standard Chartered Private Bank is a British multinational services company that has more than 1,200 branches across 70 countries.

Standard Chartered currently employs around 85,000 people and has US$67.1 billion assets under management.

It has deep roots in Asia, Africa, the Middle East and provide consumer and corporate banking, institutional banking and other financial services to clients.

Standard Chartered is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.

Standard Chartered claims to help clients manage, protect and grow their wealth.

Standard Chartered's banking services are primarily divided into two categories:

1. Individual banking:

Standard Chartered claims to have a few options for clients looking for international banking, easy access and service. These include:

Personal banking:
Standard Chartered provides savings accounts, educational funds, mortgages and more to their personal banking clients. It also offers rewards, smarter banking and other solutions for clients banking needs.
Priority banking:
Under this, Standard Chartered provides wealth management solutions like investing, asset protection and real estate advice to clients. As a priority banker, they give you a dedicated relationship manager and 24-hour service.
Private banking:
Standard Chartered say that high-net-worth clients have unique wealth management needs and goals that need tailored solutions. They offer these clients exclusive banking benefits and other financial services (as discussed in this review). They also have a team of advisors that help connect private clients to opportunities that can help grow and protect their wealth.

2. Corporate banking:

Standard Chartered provides banking solutions that supports business needs and provides services like employee banking, expert access to market insights, lending and other global services.

Additionally, Standard Chartered also provides Islamic banking and deep Shariah expertise.

Wealth management solutions:

Standard Chartered claims that their wealth management services help clients align their goals to their portfolio and their advisory team can provide insights and recommend investment strategies that are free of cognitive biases.

These wealth management services provided by Standard Chartered Bank include:

Managed investments:
They claim to combine their market knowledge with their funds selection to create personalised, diversified portfolios that reduce risk exposure and can deliver good results (we would recommend reading the 'expert verdict' section of this review).
Financial markets:
Standard Chartered allows you to invest in a wide range of investment options like fixed income, equities, precious metals and access to all major stock markets.
Bancassurance:
Standard Chartered claims to have partnerships with global insurance providers that can offer the right solutions for clients health, retirement and legacy.
Credit solutions:
It also offer a range of lending solutions in multiple currencies to help clients maximise their wealth and diversify their investment portfolio while maintaining liquidity.

NOTE:

We would highly 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

The Pros

> Well-known

> Top tier private bank

The Cons

> Can be expensive

> Not the best way to invest

> Not a fiduciary

Does Standard Chartered Bank offer sustainable banking?

Standard Chartered offers sustainable banking options to clients. This includes sustainable finance options for businesses, promoting responsible company operations and supporting inclusive communities.

Does Standard Chartered offer Islamic banking?

Yes, Standard Chartered offers Islamic banking and Shariah-compliant banking.

Their international Islamic banking network spans across Asia, Africa and the Middle East.

They also claim to have vast Shariah expertise and provide clients with great benefits and relationship management that puts values first.

Is Standard Chartered located in Europe?

Yes, Standard Chartered has offices in:

Europe
Asia
Africa
The Middle East
America.

Expert assessment of Standard Chartered Private Bank

Standard Chartered is a very large, top tier private bank with a very well-known brand, making them a good option for senior international investors.

However the traditional values you would expect from a private bank, such as trust and an uncompromising duty of care, are harder to achieve, the larger the outfit.

Standard Chartered is also not able to go to market to find you the best possible solutions, since it's only able to push its own products and services, which also makes it more expensive.

If you are already a private banking client of Standard Chartered, 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.

Standard Chartered Private Bank - UK Private Bank Complaints Policy

Standard Chartered Private Bank - UK Private Bank Costs and Charges

Standard Chartered Private Bank - Singapore Private Bank Fee Schedule

Standard Chartered Private Bank - Jersey Private Bank Fee Schedule

Standard Chartered Private Bank - History Brochure

Standard Chartered Private Bank - Code of Conduct

The information in this material is intended for the recipient’s background information and use only. It is provided in good faith and without any warranty or, representation as to accuracy or completeness. Information and opinions presented in this material have been obtained or derived from sources believed by AES to be reliable and AES has reasonable grounds to believe that all factual information herein is true as at the date of issue. It does not constitute investment advice, recommendation, or an offer of any services or products for sale and is not intended to provide a sufficient basis on which to make an investment decision. It is the responsibility of any persons wishing to make a purchase to inform themselves of and observe all applicable laws and regulations. Unauthorised reproduction or transmitting of this material is strictly prohibited. AES accepts no responsibility for loss arising from the use of the information contained herein.

‘AES’ refers to the AES Group’s separate but affiliated entities generally, rather than to one particular entity. These entities are AES Middle East Insurance Broker LLC registered with the UAE Ministry of Economy, United Arab Emirates, Licence no. 571368, and Commercial Registration no. 75162 and regulated by the UAE Central Bank license no. 189; AES Financial Services Limited, incorporated and registered in England and Wales with company number 06063185, authorised and regulated by the UK Financial Conduct Authority FRN: 464494; AES Financial Services (DIFC) Ltd, registered in the Dubai Financial Centre (DIFC) as a foreign company, license no.2128, and regulated by the Dubai Financial Services Authority (DFSA) Reference No F003476; AES International Limited, a private company incorporated and registered in the British Virgin Islands with company number 1839872; AES International Global Limited, a private company incorporated and registered in the British Virgin Islands with company number 1887885. Please visit our authorisations page for further information on regulation, redress and accessibility.

If you are outside the UK and we advise you or carry out other business, nearly all the rules, regulations and arrangements made under the UK regulatory regime (including the rules made by the FCA and the dispute resolution process provided by the UK Financial Ombudsman Service) will not apply to most aspects of the service you receive, such advice or business being provided from outside the UK. You should therefore clearly understand such rights and protection as are afforded in the jurisdiction where you receive advice. Local law, regulation and redress processes will apply in almost all cases, and will be different from that of the UK.

RISKS

Investments involve risks. The investment return and principal value of an investment may fluctuate so that an investment, when redeemed, may be worth more or less than the capital invested. Past performance is not a guarantee of future results. There is no guarantee strategies will be successful. For further information, please click here.

Standard Chartered
Private Bank

An independent review by our team of experts

REVIEW SUMMARY