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The Boston Globe

Business

Private banks cater to wealthy

Nick Hofer is not your typical banker.

He recently dropped off a bundle of foreign currency and travelers checks for clients on Beacon Hill who were preparing for a family vacation to Africa. He drove to the Chestnut Hill home of a couple to help them and their children set up new accounts after moving to Massachusetts from California. And earlier this year, he tutored a Wellesley client’s fourth-grade daughter in math.

Comments

Clearly there are some advantages to being in the vaunted "1%." Still, I'd be curious to know how much private banks charge for the added service.