Personal Banking is meant to serve the needs of customers with general services, whereas Private Banking maintains secrecy and provides customized services to high net worth people. Private Banking also offers value-added services to its customer. On the other hand, this is not the case with Personal Banking.What is the job of a private banker?
Private Banker Job Description. A private banker is primarily responsible for handling accounts for an individual customer at a bank. They may handle a wide variety of tasks including those dealing with specific accounts, commercial accounts, or assisting tellers with customer concerns.What is the difference between private banking and wealth management?
The Primary Difference. The primary difference between private banking and wealth management is that private banking does not always deal with investing. Private bank staff may offer clients guidance on certain investment options, but not all banks will be involved in the actual process of investing assets for their clients.