A private banking relationship is of greatest value to clients who have in excess of $2.5m AUD investible assets (excluding the family home but including super), $3.0m AUD of business across deposits, lending and wealth and an annual income of $500,000 AUD (all sources).
As the CEO of a large Melbourne institution, our client had complex remuneration arrangements and investment advice needs. With a long and successful career, our client had a significant equity holding in their company they were looking to leverage. As a client of Bank of Melbourne Private, he has access to a team who intimately understand his needs and can advise him on equity protection, tax structuring and trust services.
When planning to move to Australia via the Government’s Significant Investor Visa (SIV) our dedicated multi-lingual Private Bankers were there with a comprehensive range of banking and wealth solutions to make the move easier. Connecting our client with local experts who helped manage their wealth and provided access to the SIV Flexible Investment Account the move was seamless.
A business owner in the mining industry sold his interests prior to the energy downturn and invested the majority of the proceeds in the share market and fixed interest. With economic sentiment improving they were hoping to purchase another business and needed to raise capital. Our team worked on strategies to fund the new business while taking into account capital gains implications and the client’s current investment strategy. After reviewing the options our client decided on a combination of strategies and including borrowing against his current property.