Guide to Private Banking by Richard Cayne

Private banking refers to a group of tailor made services which are meant for private customers and feature highly tailored services and products in comparison of the services being offered to the retail customers. It can be very suitable for certain high net worth individuals who require more than just the traditional solutions.

Many banks offer the private banking solutions to their affluent customers along with securities safekeeping, mutual fund and hedge funds as well as structured products and leveraging capabilities. According to Richard Cayne in Thailand, the private banking relationship is characterized by personalized service. The wealthiest customers are provided with a dedicated financial manager or advisor who looks after and manages the portfolio of the client either on a discretionary basis meaning where the banker has full authority over the account or non discretionary where they need the clients consent on each trade.

Private Banking Solutions Catering to Various Needs

Private banking solutions may be suitable for individuals with certain level of wealth. They may be families, professionals, entrepreneurs, private investors or public sport or media figures who desire that extra level of confidentiality and discreetness which such wealth management solutions may offer. After achieving a certain level or wealth, some individuals may require professional, experienced and useful financial advice from someone who has extensive experience in the financial sector, says Richard Cayne Meyer International in Thailand. The private banking solutions cater to different types of needs.  These services also help you to manage your international portfolio wherein you have assets in different global locations and you need expert and genuine financial advice. Private banking platforms may also offer the ability to help you leverage your portfolio using your existing assets without the need to liquidate them in order to invest in other areas.

In most cases, private banking is offered to the customers who possess a net worth of more than US$5 million.  This minimum level is targeted so that the banker may have ample flexibility to customize and tailoring suitable financial solutions and appropriately diversified investment choices.  Private banking is certainly a competitive space these days and in Asia the fastest growing region would be in Singapore as all the 1st tier and many 2nd tier banks have representation there.

Catering to The Demand Of Clients

European private banks in Asia need to create more products catering to the specific needs of their Asia based clients.  Various reports and studies have indicated that Asian based clients are more likely to be looking for higher growth and performing investments over European clients who are more interested in preservation of value rather than really trying to grow it.  Richard Cayne who worked in Tokyo Japan for 15 years and at Meyer Asset Management Ltd says that his experience with Japanese clients suggests that Japanese contrary to popular belief as being very conservative and happy to accept a near zero yield in bank deposits are actually quite aggressive when it comes to the high net worth clients.  Japan based clients seem to have a healthy appetite to alternative investments into hedge funds and structured products.  Having many relationships in Japan who see this as an opportune time to change their Yen which is currently at the top end of its trading range and very strong to US$ opens the world of investment choice as the majority of global investment opportunities are in US$.

Whether one is looking to preserve wealth or grow it significantly private baking platforms may offer the tools to achieve your goals.

Richard Cayne is currently Managing Director of Meyer International Ltd in Bangkok Thailand and like Meyer Asset Management Ltd having relationship with over 200 global financial institutions is also part of Asia Wealth Group Holdings Ltd which is listed on the PLUS stock exchange in London UK.

Meyer’s Richard Cayne Comments on Simple & Effective Tips to Capitalize in the Falling Market

According to the observation of some great present day economists, the markets can stay as volatile as they have been over the past few years for the next few as well. The financial markets are quite irrational and we never know what lies in store for us tomorrow. When there is economic crisis or when the market falls many of us feel extremely discouraged and the urge to liquidate investment holdings take a hold.   This is the wrong way to look at it says Richard Cayne of Meyer Asset Management Ltd

Richard Cayne at Meyer International the Asian based servicing operation for the Meyer Group emphasizes that there are certain simple and effective tips which can help you survive in the worst economic crisis situation and in times of market downturn.

Keep Your Fears Away

The first tip for any investor who is going through a market downturn is to keep emotions out of it and stay confident and clear minded so you are best able to evaluate what to do next.  For example it may be time to add more to existing positions and average a lower cost basis for those holdings.  Think buy on sale and that you are really getting a discount if you believe the investment has good long term potential. 

Save As Much As You Can

For many people it might sound too difficult or nearly impossible. But the experienced financial consulting company, Meyer Asset Management Ltd via Meyer International in Bangkok consults people to save as much as they can especially in the time of economic downfall. When the asset prices go down, saving money will help you out in the long term as you benefit from the double down effect of buying more of that investment with the same amount of money.

Understand That Occasional Market Draw Downs Are Normal

Do not overreact when an economic slowdown occurs or when a market falls suddenly. Just as an experienced and intelligent investor or businessman would do you should always remember that such situations are parts of the normal business cycle.  Try and take advantage of the declines in the markets instead of hoping they don’t come.  Richard Cayne having lived in Tokyo Japan for over 15 years has been telling Japanese investors to embrace market downturns as a buying opportunity.  Consider if you had invested just after black Monday in 1987 or more recently the financial crisis in 2008 bottom you would be in significant gains even in today’s relatively depressed market environment.

Keep Some of Your Powder Dry

For those who kept some of their assets in cash reserves waiting for the financial markets to get really depressed and then deploy this cash this is a great strategy and one which more people should follow.  Instead most people sell low and buy only when the markets look all positive and at their heights again.  Everyone knows buy low sell high but most investors end up buying high and selling low as they let their emotions take control.  Richard Cayne having worked at Meyer Asset Management Ltd in Tokyo Japan has firsthand recollection of how most Japanese invest and has been consulting them on strategic investing ever since.  Japanese take a little too long to decide on an opportunity and sometimes miss it.  On the other hand they don’t panic as much as many other nationals and are not so quick to sell out of a position just because market influences force it down as they know it may be temporary and could very well soon rebound to new heights.

Invest In the Good Times and Bad

Therefore Richard Cayne Meyer International suggests a well thought out financial plan and sticking to it is extremely important.  Understand that markets will gyrate and learn how to capitalize on such movements keeping sight on your overall goals and objectives at all times.

Richard Cayne is Managing Director at Meyer International in Bangkok Thailand and like Meyer Asset Management Ltd is also part of Asia Wealth Group Holdings Ltd a listed company on London UK’s PLUS stock market.