Private banking forms a more exclusive (for the especially affluent) subset of wealth management. At least until recently, it largely consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge-type services, offered by a single designated relationship manager.
Private banking is the way banking originated. The first banks in Venice were focused on managing personal finance for wealthy families. Private banks became known as ‘Private’ to stand out from the retail banking & savings banks aimed at the new middle class. Traditionally, private banks were linked to families for several generations. They often advised and performed all financial & banking services for families. Historically, private banking has developed in Europe (see the List of private banks). Some banks in Europe are known for managing assets of some royal families. The assets of the Princely Family of Liechtenstein are managed by LGT Group (founded in 1920 and originally known as The Liechtenstein Global Trust). The assets of the Dutch royal family are managed by MeesPierson (founded in 1720). The assets of the British Royal Family are managed by Coutts (founded in 1692).
With an area of 22,966 kilometers squared (8,867 square miles) making it the world's 147th largest country by area and also Belize has a population of 368,310 which makes it the world's 173rd most populous country in the world
Cabinda (also spelled Kabinda, formerly Portuguese Congo, known locally as Tchiowa) is an exclave and province of Angola, a status that has been disputed by many political organizations in the territory. The capital city is also called Cabinda. The province is divided into four municipalities—Belize, Buco Zau, Cabinda and Landana.
Modern Cabinda is the result of a fusion of three kingdoms: N'Goyo, Loango and Kakongo. It has an area of 7,270km2 (2,810sqmi) and a population of 688,285 (2014 census). According to 1988 United States governmentstatistics, the total population of the province was 147,200, with a near even split between total rural and urban populations. At one point an estimated one third of Cabindans were refugees living in the Democratic Republic of the Congo; however, after the 2007 peace agreement, refugees started returning home.