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Private wealth management is an investment advisory practice that incorporates financial planning, portfolio management and other aggregated financial services for individuals, as opposed to



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Ted Benna, creator of the first 401(k) plan, has more than 30 years of experience as an employee benefits consultant. Brenda Watson Newmann is Managing Editor at mPower.com, which provides investment advice for retirement and wealth management.

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Private Banking and Wealth Management Services Offered by Banks 235 offshore private banking. Switzerland, in particular Geneva, is a major location for private banking. Swiss banks hold an estimated 35% of the world's private and institutional offshore funds, or 4.6 trillion Swiss francs. Table 1. Best global private bank for ultra high net worth in 2007-2008 Company Rank 2008 Rank 2007

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