Subway11- I also heard that HSBC will also help the customer with purchasing a home abroad. They usually provide discounts on the mortgages offered to these individuals. It is usually like a half of a point.
I also wanted to say that Bank of America has partnered up with Merrill Lynch in order to provide financial wealth management to its customers wanting to receive support from actively managed accounts.
The minimum requirement for actively managed accounts is $25,000. This wealth management group is called Banc of America securities, which is the global wealth management arm of Bank of America.
Many leading banks are offering these wealth assets management services so that customers will do all of their banking at the same bank. They want the customer to have a one stop shopping experience that makes it more convenient for the customer and more profitable for the bank. Since these customers already have accounts at the bank it is easier to get them to allow the bank to handle their investments than it would for a new customer that is unfamiliar with the bank.
This is why these types of services are growing among today’s leading banks.