BANQUE RICHELIEU FRANCE products, services and reviews

About BANQUE RICHELIEU FRANCE

Banque Richelieu France is a French private bank focused on wealth management and private banking for affluent individuals, families, and entrepreneurs, operating under the supervision of the Autorité de contrôle prudentiel et de résolution (ACPR) for banking activities and the Autorité des marchés financiers (AMF) for investment services. The bank provides discretionary and advisory portfolio management, access to funds and listed securities, structured products, and life-insurance wrappers (assurance-vie and capitalisation contracts) via partner insurers, along with credit solutions typically used in private banking such as Lombard lending secured by financial assets and real estate financing. Relationship management is central, with account opening subject to standard KYC/AML reviews, source-of-funds verification, and residency/tax constraints; minimum relationship sizes apply and are not prominently advertised. Pricing generally includes management fees for mandates, custody and brokerage charges for securities accounts, and, where applicable, performance fees or insurance policy costs; fee schedules and retrocession practices are available on request and may vary by mandate and product type. It offers reporting and online access for portfolios, but it is not positioned as a mass-market transactional bank, and day-to-day payment features may be limited compared with retail banks. Deposits are covered by the French deposit guarantee scheme (Fonds de Garantie des Dépôts et de Résolution) up to EUR 100,000 per depositor per institution, and the investor compensation scheme can apply to certain failures to return financial instruments up to statutory limits; investment values fluctuate and are not guaranteed. Client categorization, suitability and appropriateness checks follow MiFID II rules, and documentation such as KIDs/PRIIPs and costs and charges disclosures are provided for relevant products. Complaints can be filed through the bank’s claims process, with recourse to sector mediators as set out in French regulation. The institution is generally suited to clients seeking managed portfolios and specialized lending backed by financial assets, and less suited to users looking for low-cost retail banking or small-balance accounts.