Does Private Bank have a self-directed option without AUM fees?

[troubled soul]

There are so many private bank like USB, CS, DBS ,BNP Paribas. Their custody fee is very high . and If I am not wrong , all provide self trading platform for their customer.
My question is that can you only open self trading account with them ? without paying high custody fees?
Just buy ETF yourself...without paying high custodian fee.

Is it possible ?

Thanks

 

[Sols]

I can't speak for all banks but in general, the answer in many cases is no, because it's not really their business model if you are a private banking client.

However, once you have enough in the bank's custody (a few million), they might let you open a retail trading account as well.

As a general rule, if you have the time and skill do your own trading, you're better off doing that than by relying on a private banker. But if you want your money in banks such as the ones mentioned, a big deposit is usually the entry ticket price.

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This is the probably the answer to your question.

 

[JohnnyDoe]

It's like asking if there is a car like a Bugatti Chiron but with the running costs of a Fiat Panda.
Both will take you to your destination, but you can't have the best of both worlds.

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@JohnnyDoe ”“ Your #1 Source for Guidance in Different Offshore Fields​

 

[Martin Everson]

azb1 said:
Just buy ETF yourself...without paying high custodian fee.
Click to expand...

What do you consider high custody fees?

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[troubled soul]

Martin Everson said:
What do you consider high custody fees?
Click to expand...

Get It....
There is no free lunch in the world....
Thanks

 

[wheelspin]

With a stash of money, you always can negotiate the custody fee. Buy your ETFs with a different broker and transfer assets for free to your private bank or make a deal with them if you are doing a one-time investment and afterwards only hold strategy.