Putting A Private Banker At Your Service

Once the exclusive domain of Rockefellers, DuPonts, and Mellons, private banking is no longer targeted just to the Old Money set. Not that such venerable institutions as U. S. Trust and Bessemer Trust are setting up outposts of their baronial offices in shopping malls. But private bankers are in hot pursuit of a new type of client: entrepreneurs and corporate executives. While some of the banks still want $5 million to open an investment account, others take $250,000 or less.

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