Nedbank
Private Wealth

Offshore banking services, such as those offered by Nedbank Private Wealth, can benefit international professionals because no matter where you live or work, your money can be safe offshore in a well-regulated jurisdiction.

The three primary services offered by Nedbank Private Wealth are:

1. Wealth planning
2. Investment management
3. Private banking

Whether you’re looking for international banking, saving options or borrowing, their private banking service provides a solid foundation for managing your wealth. 

Nedbank Private Wealth's banking services can be summed up below:

1. Current account:

You can choose their current accounts with 24/7 access to your money via their online or mobile banking services.

• Access to UK and international banking services providing accounts in a choice of 15 major currencies.
• Day-to-day transactional banking, such as standing orders, direct debits, international payments and transfers.

Nedbank Private Wealth enables you to earn more from low-risk, short-term cash deposits in a range of currencies - you’re in charge of deciding how long you’d like to deposit money for.

• They agree on a competitive interest rate with you, which is fixed for the term.
• They also offer institutional and wholesale deposit services.

3. Visa platinum debit card:

• As a cardholder, you will have access to an estimated three and a half million cash machines in more than 200 countries and territories worldwide.
• A dedicated visa contact telephone number is provided for all their visa platinum cardholders.
• Current and historical visa transactions are available online or via the mobile app.
• The online and mobile app features a card management section where you can:
  • View your PIN
  • Freeze a misplaced card
  • Cancel a lost or stolen card
  • Order a new card
  • Activate a card
  • Switch on SMS notifications
  • Switch on regional transaction blocking

4. Foreign exchange services:

• Spot pricing and deal execution in 15 currencies.
• Hedging facilities and forward foreign exchange contracts.
• Limit orders for foreign exchange transactions at pre-agreed levels.

Nedbank Private Wealth also offers residential and portfolio lending.

With bespoke lending solutions, you can borrow by securing against a range of investments or UK property – giving you the flexibility you need, without compromising on your long-term financial goals.

Loans can be in Sterling, Euros or US Dollars.

Nedbank Private Wealth's investment management approach is designed to provide for a robust and repeatable process. Portfolios are diversified globally, with no home bias, and use currency management to broaden the investment universe without compromise.

The investment strategies offered by Nedbank Private Wealth are as follows:

1. Global income:
   The global income investment strategy aims to generate an income with low volatility and can include or exclude UK situs assets. Their global exposure, with managed currency overlay, reflects a more progressive approach to strategic asset allocation. With this strategy, you can choose to receive a regular income stream or reinvest your returns in Euros, Sterling or US Dollars.
2. Global multi-asset:
   Their risk-rated, multi-asset investment strategies are designed to meet global investment needs. The strategies include global cautious, global balanced, global steady growth and global growth. They can include or exclude UK situs assets. Investments can be managed in Euros, Sterling or US Dollars.
3. Global equity:
   The global equity investment strategy is designed by Nedbank Private Wealth to meet the needs of clients that are seeking pure equity exposure, while benefiting from the strength of their investment research capabilities and risk management framework. It can include or exclude UK situs assets. Investments can be managed in Euros, Sterling or US Dollars.

NOTES:

• Nedbank Private Wealth's open architecture banking and investment platform includes international private banking services in up to 15 major currencies and a choice of investment solutions - including a range of multi-asset funds and segregated discretionary portfolios. 
• Borrowing can be negotiated against invested assets and UK property – including UK properties. 
• Pensions, ISAs (in it's London branch), SIPPS, trusts and tax wrappers, such as offshore bonds, can all be consolidated with a single point of access.
• Nedbank Private Wealth has won a large number of awards for their high level of service and traditional values.
• DIY, intermediated and discretionary options are all available.
• It is not, however, suitable for clients with a small amount of wealth to manage or invest due to transfer, dealing and custody charges associated with individual services.
• Learn more in the expert verdict section of this review.

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