Germany, Frankfurt, glass facades of modern bank buildings
Union Bancaire Privee Ebanking Review part 2 – Part one is here.
Union Bancaire Privee is a modern Swiss private bank that offers a wide range of financial services. For instance, it allows clients to invest their money through portfolio management and offers private banking services for high-net-worth individuals.
Thanks to the partnership with various prestigious companies worldwide, Union Bancaire privee can access more than 15 000 financial instruments, making it a very reliable partner for investors. As such, the company offers different services. Without further ado, check it out below.
UBP offers both advisory and custody services for the asset management department of its clients. The firm has a strong presence in international investment research, as it possesses offices worldwide. In addition to providing independent advice, UBP also provides brokerage services.
UBP’s financing division is one of its key services. The firm provides developers of property projects and asset managers with financing solutions for their clients. Also, the firm offers loan servicing, real estate brokerage, and restructuring services.
That’s why; the services rendered by UBP in this sector span a wide range of activities: development and structured finance, retail servicing and real estate brokerage, asset management, and financing.
UBP is very active in the pension arena. Thanks to specialists who can offer advice across various business sectors such as banking, insurance, and industry. UBP can thus provide a global service. The firm is particularly well known for its expertise in the insurance sector, as it provides consulting services and offers creative solutions for private clients’ investment portfolios, investment funds, or life insurances.
UBP’s key banking activities include custody, brokerage, lending to private clients, high net worth individuals, and institutions. The firm offers efficient, flexible, and secure banking services for its clients by offering flexibility in structuring financial products. UBP has 60 correspondent banks that enable the firm to offer efficient, fast, and competitive payment services.
UBP’s investment funds are designed for private individuals, legal entities, and professional investors who want to invest in equity-based investments with the possibility of an allocation in alternative investments. The funds provide access to a broad range of security types and can be adapted according to the client’s needs. UBP works alongside other financial services professionals (stockbrokers, asset managers, banks) to ensure optimal service.
UBP offers private banking services to high-net-worth individuals and their families. The firm’s experts possess unparalleled expertise in personal finance management, covering all aspects of wealth-building: investments, tax planning, insurance products, etc., while also offering advice on family governance.
By offering a global view of financial services, UBP meets the high standards required by its private banking clients.
UBP has a team dedicated to investment consultancy and capital market research. The firm offers objective, independent and innovative solutions to help investors achieve their aims thanks to its expertise in the financial markets.
UBP Thematic Investment is an investment fund that invests in companies along the green, clean and responsible technology value chain at various stages of growth. It aims to generate long-term values by adding value to the companies it invests in by offering them strategic support, injecting capital, and actively involving its professionals
UBP Alternative Strategies are for investors seeking absolute returns or additional diversification to their equity portfolios. Not only is that, but they are also looking to generate income from their investments as well as participate in special situations.
UBP Dynamic Asset Allocation is a multi-asset investment solution that offers investors access to a range of mandates, each with different risk/return characteristics, all managed by the same team of investment professionals. Their objective is to combine a proven alternative-benchmark theory with a dynamic asset allocation framework.
UBP Impact investing is a new form of responsible investment that integrates standard financial objectives with other social and environmental impact-related objectives. UBP focus on the key factors determining an investment’s success, potential risks and returns, as well as its social and environmental impact.
UBP risk management helps clients quantify and monitor their investment risks as well as manage those exposures. They provide overlay managers with a toolkit to design the right tailor-made solution for each client’s specific needs, based on his or her appetite for risk.
While it might sound like an account that is difficult to open, this is not the case. Indeed, there are several requirements you need to meet in order to open a Union Bancaire Privee bank account. If you are interested in finding out what they are, here are the six requirements to open a UBP Bank account.
One of the requirements to open an account is with Union Bancaire Privee. Indeed, in order to open an account (including deposit accounts such as checking or savings accounts), you need to be a client of this financial institution.
Accounts can be opened by individuals only if they are over 16 years old. Besides, this minimum age requirement may be lowered to 14 years old if the account will be for a minor child.
UBP bank accounts can only be opened by clients who have a fixed abode or residence in Switzerland. If you come from another country, you cannot open an account with UBP unless you have a fixed abode in Switzerland.
Identity documents must have a photo, date of birth, and name. These documents must not be photocopies but original documents or true certified copies legalized by the French embassy/consulate in your country of residence.
If the documents are not in French, they must be translated into French by a sworn translator. The following personal status document can be used for this purpose:
You need to provide your home address so that Union Bancaire Privee can send you bank statements and official correspondence about your account. You do not have to be a French resident to open an account.
In order to complete the account opening process, you will also need a letter issued by your current bank that confirms that you are or have been their customer. This is necessary in case of any questions about the authenticity of your identity.
The final requirement to open a Union Bancaire Privee account is having proof of your income, either through salary receipts or documents about other sources of income. If you are self-employed, you will need to send invoices for work done over three months.
Besides the six requirements, you need to be aware that UBP requires all clients to make an initial deposit of CHF 400’000. If no transfer is made within three months of opening the account, the account will be blocked.
Having discussed what Union Bancaire Privee EBanking has to offer, you need to understand the pros and cons of living in Switzerland as a foreigner. Would you love to know more information about Switzerland? Refer to our previous post.
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