Reply to Where do you bank if you have a high net worth?

Forum Index » Money and Finances

Reply to "Where do you bank if you have a high net worth?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We have a high net worth but very little of that money is in the bank. I'm not sure why id need anything special from my bank. What am I missing?[/quote]

If you are super HNW, banks would provide ultra low interest loans to their clients. [b] I recall First Republic was only charging like 1% to tech billionaires who wanted to borrow against their shares vs sell and trigger capital gains.[/b]

Of course, we know what happened to SVB and First Republic…so you have to be careful.[/quote]

That’s not so much a bank providing low interest loans as it is a bank facilitating tax avoidance (a word I chose carefully).[/quote]

Call it what you want...although, it's not even remotely illegal. It is a widely accepted, IRS-blessed approach.[/quote]

I didn't call it "illegal." I called it something other than a bank simply providing low interest loans. Your reading comprehension is poor, and it is highly unlikely that you know more about what the IRS "blesses" than I do. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics