CaixaBank Private Banking opens exclusive center in Barcelona

24/04/2024 News

CaixaBank Private Banking has taken a significant step towards enhancing its independent advisory services with the launch of its exclusive center in Barcelona. Situated in the esteemed Pedralbes district at Calle Pedro i Pons 6-8, the center covers 3,150 square meters across four floors and boasts a terrace. With global assets worth more than €10,300 million set to be managed from this location, approximately 80 specialists will provide independent advisory services.

The center aims to be the go-to destination for independent wealth advice in Barcelona, catering exclusively to high-net-worth customers. It features state-of-the-art technology, a versatile meeting space accommodating up to 80 people for events and presentations, and a coworking area for customer use.

This move underscores CaixaBank's commitment to its wealth management concept, which prioritizes transparent cost models and independent advice. It also hints at the possibility of similar centers in other cities.

In January 2018, CaixaBank became the first bank in Spain to offer independent advisory services to its private banking customers. The service is divided into two segments: CaixaBank Wealth and the Independent Advisory Service.

CaixaBank Wealth, managing customers with average assets of €9.6 million, is served by a team of 89 managers. As of March 2024, assets under management amounted to an impressive €22,844 million. The Independent Advisory Service, launched in 2022, manages €16,475 million through 161 managers as of March 31st.

In addition to financial advisory services, CaixaBank provides non-financial services such as philanthropy and art advice to its high-net-worth clients.

The new center will also house CaixaBank Wealth Management Luxembourg, a subsidiary serving customers looking to diversify their wealth across different jurisdictions. The branch, operating solely as an independent advisory service, began its operations in 2020.

This strategic move by CaixaBank aims to provide the best possible experience for its high-net-worth clients, solidifying its position as a leader and reference point for independent financial advice.

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