To apply for our Private Banking service, you’ll need to have: at least £250,000 in savings and/or investments with Lloyds Bank, and/or at least a £750,000 mortgage with Lloyds Bank.
Your money needs time to accumulate. Plan today for the goals you have in mind, and you are more likely to be able to use your wealth as you wish in the future.
Lloyds Bank Private Banking offers a range of day to day banking products and specialist solutions. We’re here to help you:
- Make your everyday banking simple.
- Identify opportunities and solutions that fit your needs.
- Deliver financial expertise matched to your circumstances.
Fostering a long-term relationship with you is at the heart of our service. We will discuss your individual circumstances to identify products and services to meet your needs.
Our wide range of products and services means we may need to introduce you to selected providers. Our products have individual eligibility criteria and terms and conditions.
Protecting and passing on your wealth
We can help you provide for your family’s future and pass on your wealth in the most efficient way. The service include:
- Will writing
- Setting up a managed trust
- Estate Administration Service
Managing your tax affairs
Specialist tax advice is key to managing your wealth.
These services can include:
Personal Tax Service
Private Banking can introduce you to leading tax advisers Ernst & Young LLP to provide a full Personal Tax Service. They can help you complete your tax return, make use of your legitimate exemptions, and ensure you pay the right amount of tax, as well as provide insightful expertise on broader and longer-term tax considerations. Ask your Private Banking contact for more details.
Inheritance tax planning
There are a variety of options to mitigate the impact of Inheritance Tax (IHT). These could include annual tax-exempt gifts, Will writing, setting up a Trust or saving into a child’s pension. This service provides financial planning and advice. Your Private Banking contact will introduce you to Schroders Personal Wealth to access this service.
Tax treatment depends on individual circumstances and may be subject to change in the future.
Build a financial growth plan
Where financial planning is required, we will introduce you to Schroders Personal Wealth to help you make investment choices based on your financial goals.
Through our partnership with Schroders Personal Wealth we aim to create best-in-class investment and financial planning for our Private Banking customers.
Whether you want to grow your wealth, aim to reduce risk to your capital in retirement or plan ahead for your children's education, your Schroders Personal Wealth adviser will guide you through the whole investment process, helping you to assess what's involved.
To get advice from Schroders Personal Wealth, you’ll need to have at least £100,000 in savings, investments and/or personal pensions, and/or £100,000 of sole annual income.
If you apply for the financial planning service through Schroders Personal Wealth, their adviser will explain what advice they can give and what products and services this covers and any advice or product charges that apply and agree these with you.
Choosing where to invest need not be complicated. Your Schroders Personal Wealth adviser will start by understanding what you want to achieve and help clarify your options. They will also take into account your attitude to risk, how much you have to invest and when you might need to access your wealth.
They will then help develop a plan tailored to your objectives and these may include:
- Optimise your investment strategy
- Recognise the risks
- Understand complex financial products
- Choose the appropriate strategy
Once you’ve decided your path, your Schroders Personal Wealth adviser can help you select from different investment options, which could include:
- Discretionary managed portfolios.
- Tax-efficient ISAs
- Open-ended investment companies
- Investment bonds
- Specialised products, depending on your priorities and risk profile
Lloyds Bank Private Banking Top 5 Brokers & Top 5 Fund Managers 2017/2018
This document displays information for the calendar year 2017 and 2018 investments managed or administered by Lloyds Bank Private Banking listing up to five of the most used venues.
Information relating to the identity and quality of the execution venues used by us
For each class of financial instrument offered, we are required to publish a summary of our conclusions from our detailed monitoring of the quality of execution obtained on the execution venues where we have executed all client orders in the previous year. The information below relates to investments managed or administered by Lloyds Bank Private Banking.
For shares and other direct holdings
We will exclusively transmit orders relating to shares, fixed interest investments, warrants and other direct holdings to Halifax Share Dealing Limited (HSDL) for execution or further transmission. HSDL, which is also part of the Lloyds Banking Group has been selected for its ability in aiming to achieve the best possible results. Below is a link to the information relating to the identity and quality of the execution venues published by HSDL:
For collective investments
We will execute orders relating to holdings in collective investment schemes directly with the fund provider. This ensures timely settlement with full disclosure of price and any associated cost in aiming to achieve the best possible results.
For collective investments we do not pay or accept any fee, commission or other non-monetary benefit if it is likely to impair our ability to act in your best interests or it is not permitted under the applicable regulations.
When executing orders in collective investment schemes, the most important factors taken into account are price and transaction costs. In certain circumstances, we may also take into account other factors such as speed, likelihood of execution and settlement, size or any other consideration that we deem relevant for the purposes of dealing with your order.
The Lloyds Banking Group has established and implemented a conflicts policy to ensure close links to execution venues or other factors that give precedence over immediate price and cost when executing retail client orders.
Important Legal Information
Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales, no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under number 119278.