Why More Private Banks Are Offering Lifestyle Management Services
CourMed® limits our exclusive membership of concierge health offerings to financial services companies, family offices, luxury branded/non branded residences, select neighborhoods and high-net worth individuals.
NEW YORK - Oct. 7, 2023 - PRLog -- Private banks are increasingly offering family office services to cater to the needs of ultra-high-net-worth individuals and families. These services go beyond traditional investment management and provide a comprehensive solution for managing the financial and lifestyle needs of affluent clients. Lifestyle management, such as concierge health and wellness services, is one of the key reasons why private banks are expanding their family office offerings.
Family offices are private wealth management advisory firms that serve ultra-high-net-worth individuals and families. They provide a broad spectrum of services, including financial planning, investment management, budgeting, insurance, charitable giving, wealth transfer planning, tax services, and more. Lifestyle management is an integral part of family office services, helping clients navigate the complex world of wealth management while enhancing their overall experience.
The Importance of Lifestyle Management
Lifestyle management has become a necessity for modern family offices to remain relevant and offer top-level service to their clients. As the world becomes more nuanced and wealth transfer approaches, family offices need to adapt and evolve to meet the evolving needs of their clients. Lifestyle management helps clients add value in various areas of their lives outside of traditional financial and real estate management.
Some of the key benefits of lifestyle management in the context of family offices include:
Enhanced client experience: Lifestyle management deals with aspects that generally excite clients, such as travel, luxury, or art. By providing personalized attention and customization, family offices can align their services with the clients' goals and values, ultimately bringing efficiency and satisfaction to their overall experience.
Health and wellness support: Private banks are increasingly partnering with lifestyle management services that focus on health and wellness, such as CourMed. These services offer clients convenient access to world-class health & wellness solutions, including concierge health visits, nutritional infusions, COVID-19 services, regenerative therapies, advanced testing, and more in the comfort of their homes, offices or on the go. By prioritizing their clients' well-being, private banks can further enhance the value they provide.
In conclusion, private banks are expanding their family office offerings to include lifestyle management services, such as concierge health and wellness, to better serve the needs of their ultra-high-net-worth clients. These services not only enhance the client experience but also provide time-saving benefits, access to exclusive experiences, and support for clients' health and well-being.
Account Phone Number