Rating Index
Pros
Strong regulatory framework with SFC licensing in Hong Kong, ensuring a level of trust and compliance.
Comprehensive wealth and asset management services tailored for high-net-worth individuals and institutions.
Global presence with offices in major financial centers, providing clients with access to diverse investment opportunities.
Cons
High fees associated with their investment products, which may deter cost-sensitive investors.
Limited appeal for self-directed traders as the firm focuses more on personalized wealth management rather than online trading.
Potentially slow response times in customer service due to the emphasis on personalized, high-touch service, which may not meet the needs of all clients.
Pictet broker Accounts
Pictet Account Type
Pictet offers a range of account types tailored to meet the diverse needs of its clients. The main account types include:
- Personal Accounts: Designed for individual investors looking to manage their assets.
- Minimum Initial Investment: €2,000
- Subsequent Investments: €100
- Corporate Accounts: For businesses and institutions seeking asset management solutions.
- Minimum Initial Investment: €1,000,000
- Subsequent Investments: €100
- Numbered Accounts: Providing enhanced privacy for clients.
- Minimum Initial Investment: Varies based on client requirements.
- Vested Benefits Accounts: Specifically for retirement savings.
- Allows clients to choose from various investment portfolios based on risk appetite.
- Trust Portfolio Management: Available for clients with smaller amounts, focusing on investments in Pictet funds.
Initial Inquiry: Prospective clients can reach out to Pictet through their official website or client relationship manager for information.
Documentation: Required documents include:
- Completed bank forms
- A copy of the clients passport
- A CV of the client
- Standard corporate documents for corporate accounts
Meeting with a Banker: Clients may need to meet with a banker either in Moscow or Switzerland to finalize the account setup.
Approval Process: Once all documentation is submitted, Pictet will conduct an initial review of the request.
Account Activation: Upon approval, clients will receive confirmation, and their accounts will be activated for transactions.
Funding the Account: Clients are required to make an initial deposit, which varies by account type:
- Personal Accounts: Minimum €2,000
- Corporate Accounts: Minimum €1,000,000
Pictet Broker Account Opening Process
Opening an account with Pictet involves several steps:
The entire process typically takes around 7 days for account opening and 14 days for cancellation if needed.
Pictet Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.