Who are Coutts bank?

Published: 12th January 2020

The first thing people think about when Coutts are mentioned is bankers to the landed gentry and aristocracy. For those of us working at Coutts, we take great pride that as one the world’s oldest and most prestigious Private Banks, we are just that – private. We would never disclose the identity of our clients but we can say with pride that we are a bank with more than 325 years of history and that Coutts is the natural bank of choice for many of the most successful, talented and wealthy individuals within Britain.

 

The Coutts Sports, Media and Entertainment team was established in 1999 and we were the first to launch a specialised team to serve the needs of those working within the sporting and creative industry. Today we are proud to say that we work with some of the countries leading talent across the world of Sport, Music, TV, Film, Fashion, Media and Art, helping them with not just day to day banking but in all areas of financial planning.

 

Coutts has a dedicated team that exclusively manages the financial affairs of professional footballers, both at home and abroad and we are the leading bank for the English Premier League. The Coutts team understand the demands placed on today’s successful professionals and appreciate this can leave little time to manage complex financial affairs. With this in mind, carefully selected Private Bankers come together to work with you and provide a unique and bespoke service that ensures the entire range of your requirements are met at every stage of your career.

 

Clients will receive a superb level of service and will be entitled to the exclusive banking offering with its bespoke Silk card. Banking with Coutts offers a wealth of different benefits that are designed to meet the needs of our globally mobile clients. For example, clients will not be charged for overseas transactions, can hold multiple currencies on a single card, have access to the 24-hour concierge service for travel, restaurants or even those ‘oh no’ moments such as missed birthdays or anniversaries! And importantly in this day and age, you can bank on the move with our award-winning app, safe in the knowledge that our security procedures are state of the art.

 

Beyond banking, we will use our sector knowledge to really add value when you come to buying your dream home. We have the understanding and expertise to lend at above-average loan to values and also have the insight required to lend against short-term contracts, image rights and media appearances, by way of example. This is critical in helping put in place finance for the home of your dreams. As careers develop, we will then work with you to purchase additional property, whether these be holiday homes or buy to let investments that will help protect your lifestyle once retirement comes.

 

Last but not least, we work with players to ensure that their earnings are maximised and that life post-football can continue to be enjoyed. Our investment performance is excellent over a sustained period, beating many of our peers over 1, 3 and 5 years – this consistency of performance is the Holy Grail for investors. We will ensure that clients are making use of tax allowances, saving surplus income that will build slowly but surely into a substantial sum to help support the family in future years and also ensure other needs such as protection in the event of illness or injury are addressed to provide complete peace of mind.

 

Our team is available to discuss any of the above in more detail at your convenience. We will regularly visit clients at the training ground or their home, whichever is most convenient.

 

Just starting out….

The England Under 17 World Cup squad of 2017 has seen the emergence of some incredible and exciting talent with many having gone on to make first-team appearances for their clubs, gone out on loan or are knocking down the door for first-team football. The signing of that first professional contract signals the start of a career in football but it is also the countdown to eventual retirement in football too. It’s a cliché, one too often thrown about, but a career in sport is short and therefore careful planning of that career is vital. The earlier Coutts start to work with players, the more we can help shape and influence the finances. The below illustrates just how short a timeframe a player has to earn and that’s assuming they start at 18 and finish at 35.

 

What makes Coutts different?

  • Flexible lending in mortgages, loans, overdrafts and investment-backed lending.
  • Wealth Management planning for now and the future with high touch investment expertise.
  • The Current Account is available in sterling and over 20 foreign currencies and with its unique debit card functionality connecting those foreign currency accounts; it allows you to spend like a local when abroad.
  • 0% non-sterling transaction fees.
  • A Silk Card offers clients a choice of a credit or charge card with the ability to add “Family Card” benefits, controlling the spending of those who have access to the card.
  • A wide range of deposit accounts to meet short, medium and longer-term cash management needs.
  • Coutts Concierge offers Silk cardholders access to exclusive opportunities from organising holidays to hiring luxury cars and making social and leisure arrangements
  • Coutts 24 on hand 24 hours a day, 7 days a week to respond to all your day to day banking needs
  • An outstanding digital proposition in the form of an App and Coutts online banking.

 

With a thriving network of experts, influencers and pioneers, being a client of Coutts open doors to many opportunities. Powerful insight, extensive connections and carefully crafted events inspire, empower and challenge those we work with. Whatever their background, industry or experience, Coutts clients innovate and reshape perceptions.