A wealthy individual who typically has at least $1 million in assets invested with a brokerage or investment management company, though the minimum amount of assets may vary. Competition for private clients has increased as money management firms pursue the lucrative fees they can earn from these clients in order to compensate for decreasing commissions generated by other individual investors who have directed their business to discount stock brokers on the Internet.
Private-client Sentence Examples
Our clients range from large international investment banks to independent private client stockbrokers and corporate finance advisory boutiques.
Charles Russell was significantly bolstered by the arrival of the entire private client department from Stephenson Harwood in 2004.
With the possible exception of private client work, the Scottish market is buoyant across the range.
A number of private client stockbrokers also hold our shares on behalf of discretionary clients.
The Association of Private Client Investment Managers and Stockbrokers APCIMS is the trade association for the private client investment managers and stockbrokers APCIMS is the trade association for the private client investment managers and stockbrokers.