Historically speaking, the Monegasque market has specialised in wealth management for affluent resident and non-resident clients.
The dual aim of the 2007 overhaul of its legislative and regulatory framework was to boost the development of financial services and protect investors. It is now possible, subject to the accreditation of the Commission de Contrôle des Activités Financières, to provide a wide range of financial services in Monaco today: portfolio management on behalf of third parties naturally, Monegasque or foreign fund management, management advice and order reception/transmission. Today, Private Banking represents one of the leading activities of the Monaco financial centre.
