Total AUM of private banks in Luxembourg 2018, by region of origin

This statistic shows a distribution of the geographic origins of the total assets under management (AUM) of the private banking sector in Luxembourg in 2017. Private banking and wealth management are both financial services that are generally aimed at clients with a higher portfolio than regular customers or even high-net-worth-individuals (HNWIs). The two terms overlap with each other, but are still slightly different from each other. Private banks, in general, do not take an active role in managing the client portfolio but instead offer a unique investment, whereas wealth management companies or independent financial advisors offer personalized portfolio strategies. In 2018, Europe made up 84 percent of total AUM in Luxembourg private banking.