The overall winners of our 2014 Private Banks & Wealth Managers survey are Standard Private Clients, which won the private banks category, and Sanlam Private Investments (SPI), which took the wealth managers award.
Investec Private Bank and Galileo Capital won the People’s Choice awards for private banks and wealth managers respectively, having received the highest rankings from its clients in our online survey.
What is clear from the survey is that, at a time when the wealth market is flourishing, private banks and wealth managers are taking nothing for granted. The best of a very good bunch continually add services and products, adapting particularly to client demands.
In Intellidex’s third assessment of the industry, it was clear that institutions have responded with more sophisticated offerings and substantial effort to deliver excellent services.
The research process informs an assessment leading to overall awards for top private bank and top wealth manager, the People’s Choice award for the two segments, plus awards made in five categories. The 2014 winners are listed alongside the categories below where applicable:
Best overall private bank in South Africa: Standard Bank Private Clients
Best private bank for successful entrepreneurs: Standard Bank Private Clients
Best private bank for up-and-coming professionals: Nedbank Private Wealth
Best private bank for wealthy executives: Absa Private Bank and Wealth
Best private bank for internationally wealthy families: Absa Private Bank and Wealth
Best private bank for passive lump-sum investors: Standard Bank Private Clients
People’s Choice Award: Investec Private Bank
Best overall private wealth manager: Sanlam Private Investments
Best wealth manager for successful entrepreneurs: PSG
Best wealth manager for up-and-coming professionals: Sanlam Private Investments
Best wealth manager for wealthy executives: Maitland
Best wealth manager for internationally wealthy families: Stonehage
Best wealth manager for passive lump-sum investors: Sanlam Private Investments
People’s Choice Award: Galileo Capital