CaixaBank presented CaixaBank Wealth in Navarra today, a new independent advice service that is a pioneer in Spanish banking, set up within the framework of the new MIFID II rules.
The presentation to a group of Private Banking clients took place today at the Molino de Urdániz restaurant, attended by Ana Díez Fontana and Alfonso Sánchez González, CaixaBank regional manager and Private Banking and Premier Banking manager in Navarra, respectively.
CaixaBank Wealth has an organisational structure initially made up of 7 experts in wealth management with extensive experience and knowledge of all aspects of the financial market, to deal with the bank's Private Banking business. With this service priority is given to the right investment strategy at any given time, in line with the client's goals in terms of profitability, risk, term and liquidity.
The CaixaBank Wealth adviser will be responsible for designing the investment strategy, always within the framework of an advice contract that sets the parameters for the relationship with the bank. Moreover, the adviser can prepare an aggregate overview of the client's positions, including those held with other banks, with an overall analysis of the risk and distribution of their assets.
The organisational structure is separate and an explicit charge is made for the advice service so that the client can be aware in advance of the associated costs, with maximum transparency. Also, the client will have at their disposal a more extensive range of products, giving access to passive management and training without distribution fees in the different financial instruments. And, as a client of CaixaBank Wealth, they can also have access to teams of specialists who can design the best solution for their investments.
Gastronomic experience with Michelin-starred chef David Yárnoz
Furthermore, today's event in Urdániz provided a chance for the clients to share a gastronomic experience with David Yárnoz, currently one of the top chefs in Spain and the holder of a Michelin star.
The well-known cook today presented the CaixaBank clients with a tasting menu matched with wines in which priority was given to the simplicity, naturalness and exquisiteness of the dishes, signature touches that have raised David Yárnoz to the peak of Spanish gastronomy.
CaixaBank Private Banking, leader in Navarra
CaixaBank Private Banking has 2,400 clients in Navarra, managing 2,486 million euros in assets as at 31st March 2018. The products and services offered by the bank in this segment are aimed at clients with assets worth over 500,000 euros. The Navarra region has a specific Private Banking office located in Pamplona.
The key to this success is a Private Banking model that combines the overall branch network, with over 5,000 branches, with a specialised service made up of over 500 advisers, 46 exclusive offices and technology assets that enable it to offer advice anywhere.
Moreover, CaixaBank Private Banking has the Altium team, dedicated to managing assets worth over 10 million euros, which works together with the Private Banking advisers to offer a total service to clients who demand a high degree of sophistication in the management of their wealth. The team has a presence in Navarra, Barcelona, the Basque Country, Andalusia and Madrid to offer coverage throughout the regions.
