NatWest’s Premier banking division offers a wide range of financial planning services. These include personalised financial advice, investment guidance, and estate planning solutions. They aim to help clients secure their financial future.
The bank has teamed up with Coutts, a well-known private bank with over 300 years of experience. Coutts manages more than £43 billion in assets under management as of Q1, 202412.
NatWest’s wealth management includes comprehensive financial planning for a one-off fee of £7,000 plus VAT. For investment advice to grow wealth over time, the fee is £3,000 plus VAT12.
NatWest also offers a quick Digital Financial Health Check. It takes up to four minutes to complete. For deeper discussions, personal bankers are available for hour-long sessions3.
Through Premier banking services, NatWest aims to provide tailored financial solutions. They help clients achieve their goals and secure their financial future.
NatWest Financial Planning: Premier Services Overview
NatWest’s Premier Services offer a detailed financial planning experience. They cater to the diverse needs of their clients. Their focus is on premier banking, aiming to enhance your financial well-being.
Team of Qualified Financial Planners
NatWest’s Premier Services are led by a team of qualified financial experts. These professionals have vast knowledge and experience. They help clients navigate complex financial landscapes.
Their expertise covers a wide range of areas. This ensures clients get comprehensive guidance for their unique financial situations.
Partnership with Coutts Investment Management
NatWest has a strategic partnership with Coutts Investment Management. This partnership began in 1969. Coutts now manages assets worth over £43 billion as of Q1 202445.
This partnership combines NatWest’s banking expertise with Coutts’ investment knowledge. It offers clients access to world-class financial services.
Fee Structure and Pricing Models
NatWest’s Premier Services operate on a transparent flat fee structure. The financial planning and advice service costs £7,000 plus VAT. This fee covers investment solutions provided by Coutts4.
For investments, fees are 0.55% or less. This means 55p for every £100 invested5. This pricing model lets clients invest more, as there are no ongoing advice fees.
| Service | Fee | Details |
|---|---|---|
| Financial Planning | £7,000 + VAT | One-off flat fee |
| Investment Management | 0.55% or less | 55p per £100 invested |
| Premier Select Account | Free | No non-sterling transaction fees abroad |
| Premier Reward Account | £2 per month | Rewards for direct debits and app logins |
NatWest’s Premier Services cater to various financial needs. They offer everything from everyday banking to comprehensive financial planning. With their expert team, Coutts partnership, and transparent fee structure, NatWest aims to provide a premium banking experience for their clients.
Comprehensive Financial Planning Solutions
NatWest offers a wide range of financial planning services. These services help secure your future, protect your income, and make the most of your taxes. Let’s look at the main parts of NatWest’s financial planning solutions.
Will Writing and Estate Planning Services
Estate planning is key to managing your finances. NatWest guides you on will writing and estate planning. This ensures your assets are handled correctly, giving you peace of mind for your family’s future.
Pension Planning and Retirement Solutions
Many focus on securing a comfortable retirement. NatWest provides custom retirement plans. Their experts help set up pension plans, manage retirement accounts, and increase your retirement income6.
Income Protection Services
Unexpected events can affect your finances. NatWest’s income protection services offer a safety net. They provide preferred insurance covers for Premier customers, including life insurance, for full protection6.
Tax-Efficient Financial Structuring
It’s important to keep your wealth by being tax-efficient. NatWest’s experts help structure your finances wisely. They guide on diversifying investments and understanding inheritance, like gifts and trusts, to improve your financial standing.
| Service | Benefits |
|---|---|
| Estate Planning | Proper inheritance management, asset protection |
| Retirement Solutions | Pension planning, income maximisation |
| Income Protection | Financial safety net, life insurance options |
| Tax-Efficient Structuring | Wealth preservation, optimised financial position |
NatWest aims to cover all financial aspects of your life for a secure future. Their experts offer personal advice and yearly check-ups to keep your financial plan on track6.
Investment Advisory Services and Portfolio Management
NatWest offers top-notch investment advice and portfolio management through Premier banking. These services aim to guide clients in making smart financial choices for the future.
Personalised Investment Strategies
NatWest’s team of 60 investment experts at Coutts & Co creates custom investment plans. These plans match clients’ goals and risk levels7. The bank has worked with Coutts since 1969, bringing over 300 years of experience in managing £43 billion as of Q1 20245.
Portfolio Consolidation Services
NatWest helps clients simplify their investments with portfolio consolidation services. This can save money and make managing finances easier. The bank offers various investment choices, including:
- Stocks and Shares ISA with a £20,000 annual limit5
- Junior Stocks and Shares ISA with a £9,000 annual limit per child5
- General Investment Account with no upper investment limit5
- Personal Pension plan with options for transferring existing pensions5
Ready-Made Investment Solutions
NatWest gives clients access to Coutts-managed investment solutions. These include five low-fee funds, from defensive to adventurous, aimed at long-term growth7. The Personal Portfolio Funds are backed by the UK Financial Services Compensation Scheme up to £85,000 per person7.
| Investment Type | Annual Limit | Tax Implications |
|---|---|---|
| Stocks and Shares ISA | £20,000 | No UK Income or Capital Gains Tax |
| Junior Stocks and Shares ISA | £9,000 per child | No UK Income or Capital Gains Tax |
| General Investment Account | No upper limit | May be subject to UK Income and Capital Gains Tax |
NatWest’s investment fees are very competitive, starting at 0.55% of the investment amount or less. This means 55p for every £100 invested5. The bank also focuses on responsible investing, considering environmental, social, and governance factors7.
Digital Financial Health Assessment Tools
NatWest has digital banking tools to help you manage your money. Their Digital Financial Health Check is a fast way to check your financial health3.
This tool asks about your money situation and goals. It only takes about three minutes to finish3. After, you get tips to better your financial health.
NatWest’s app is for customers aged 11 and up. It lets you access your accounts safely with fingerprint or facial recognition8. It also has a Savings Goal Tool and a budget calculator to help you track your money8.
If you need more help, NatWest offers talks with senior personal bankers. These can be over the phone, video call, or in person, lasting up to an hour3. They’re available from 8 am to 8 pm, every day, with automated help 24/73.
NatWest’s digital tools help you manage your money better. Whether you need a quick check or detailed planning, these tools support your financial goals.
Conclusion
NatWest offers a wide range of financial services to help manage wealth and reach financial goals. Its Premier banking division, working with Coutts, provides tailored advice for different needs. In 2023, NatWest helped about 6 million customers improve their financial health, showing its dedication to financial education9.
The bank’s digital tools, like Know Your Credit Score and Savings Round Ups, are very popular. In 2023, 4.2 million customers used the first, and 395,000 started using the second9. These tools, along with clear pricing and access to financial planners, show NatWest’s aim to empower its clients.
NatWest also focuses on teaching people about money. It reached 1.1 million young people through MoneySense schools and gave 358,000 Financial Health Checks in 20239. For those struggling with debt, NatWest works with PayPlan and StepChange. They offer free debt advice and practical help1011.
NatWest is a reliable partner for those looking to secure their financial future. It combines professional advice with digital tools and educational programs. This approach makes financial planning easier and more effective for many clients.
FAQ
What financial planning services does NatWest offer?
NatWest’s Premier banking division offers a wide range of services. These include personal financial planning and investment advice. They also help with will writing, pension, and estate planning. Plus, they provide income protection services.
They have teamed up with Coutts, a top private bank, for expert investment management.
Who manages NatWest’s investment solutions?
NatWest has partnered with Coutts, a private bank with over 300 years of experience. They manage all investment solutions for Premier banking clients. Coutts has more than £43bn in assets under management.
What is the fee structure for NatWest’s financial planning services?
NatWest has a clear fee structure. There’s a one-off fee of £7,000 plus VAT for financial planning. For investment advice, it’s £3,000 plus VAT. These fees are the same, no matter how complex your needs are.
This means you keep more money to invest, as there are no ongoing fees.
What types of financial planning solutions does NatWest offer?
NatWest offers many financial planning solutions. They include will writing and estate planning, pension planning, and retirement solutions. They also provide income protection services and help with tax-efficient financial structuring.
Their experts help diversify investment portfolios. They also guide on inheritance, including gifts and trusts.
Does NatWest offer personalised investment strategies?
Yes, NatWest provides tailored investment advisory services. These are through their Premier banking division. Clients get strategies that match their goals and risk tolerance.
Are there any digital tools available for financial assessment?
Yes, NatWest has a Digital Financial Health Check. It’s a series of questions you can do anytime. This tool gives hints and tips to reach your financial goals.
It takes about four minutes to complete. You’ll get personalised suggestions to improve your finances.
Can I speak with a financial expert at NatWest?
Absolutely. NatWest lets you talk to senior personal bankers. You can do this by phone, video call, or in-branch. These talks can last up to an hour.
They offer detailed guidance on your financial situation.
What is NatWest’s approach to portfolio management?
NatWest helps clients consolidate their portfolios. This can save money by combining investments. They also offer access to ready-made investment solutions managed by Coutts.
These include expertly managed funds and portfolios. They’re designed to help your money grow over time.
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