Open to question

Private banking


Most private banks and wealth management departments claim to have an open approach, whereby they source the products they offer clients from a range of institutions. But few are fully open, and some don't even put up much pretence of adopting such an approach - which might not necessarily be a bad thing in today's turbulent market environment, say some.

The 'rule of thumb' regarding the relative openness of a private bank hinges on the relative strength of a financial institution's private

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