Private Banking Services
Solutions Designed with You in Mind
Knowing your needs can vary from routine banking requests to sophisticated banking solutions, our private banking capabilities are tailored to help meet client's unique financial needs and goals and time-sensitive requests. The complexities and objectives of your needs are addressed in a comprehensive manner by our highly specialized team of dedicated banking and underwriting professionals.
Our Private Banking services are tailored to help meet your unique financial needs and time-sensitive requests.
The Abbot Downing Difference
Clients like you are our only focus. We are dedicated and experienced in serving those of unique wealth.
We provide significant options, opportunities, and custom solutions through our collaboration within Wells Fargo.
Our dedicated underwriting team specializes solely on servicing the needs of ultra-high-net-worth clients. Our knowledge allows us to identify and recommend innovative solutions to help meet your financial needs.
Our well-crafted Private Banking services are designed with you in mind. They include:
1Wells Fargo & Company offers swaps, foreign exchange hedging products and foreign currency risk management solutions through Wells Fargo Bank, N.A., which is a swap dealer registered with the Commodity Futures Trading Commission (“CFTC”) and a member of the National Futures Association (“NFA”). Balances held offshore, including multi-currency accounts and foreign deposits, are not FDIC-insured, may lose value, and are not guaranteed Foreign Exchange and Interest Rate Risk Management products and services are subject to customer qualification.
2Credit cards are offered through Wells Fargo Bank, N.A. and are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Certain restrictions apply. Programs, rates, terms and conditions are subject to change without notice.
3Wells Fargo & Company and its affiliates do not provide legal or tax advice. Please consult your legal and tax advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.
4Residential Mortgages offered through Wells Fargo Home Mortgage, a division of Wells Fargo Bank, N.A. Equal Housing Lender.
5This information does not constitute investment advice or a recommendation or opinion to enter into any foreign exchange or other transaction.
The market risk of an FX hedging transaction may be accentuated by complex payout calculations or other features. Transactions with such features may be subject to significant changes in value as a result of relatively small changes in the price, value, or level of an underlier or other market factors. Such features include leverage, multipliers, option-like payouts, non-linear dependence on an underlying price, value, or level, or dependence on the path of an underlying price, value, or level. Transactions with such features may include caps, collars, floors, exotic options, transactions with knock-in or knock-out rights, or range accrual swaps and options. In an FX forward (an agreement to exchange one amount of currency for another at some pre-agreed future date), the value of the contract is determined primarily by the FX spot exchange rate for the relevant currency pair, its value rising or falling by roughly the same percentage as the percentage change in the spot rate. Experiencing a gain or loss following a spot movement is dependent on whether the forward contract holder agreed to buy or sell the underlying currency. Wells Fargo makes money if converting U.S. dollars to a foreign currency.
6Interest Rate Risk Management Specialists are Associated Persons (APs) of Wells Fargo Bank, N.A. (“WFBNA”) in its capacity as a Swap Dealer. The availability of any hedge transaction is subject to the condition that, on the swap trade date, each party thereto and each of its guarantors satisfies all eligibility, suitability, and other requirements under the Commodity Exchange Act and the Commodity Futures Trading Commission (CFTC) regulations.