A sustainable relation between you and your private banker is based on mutual agreement when structuring your assets.

Together you outline the overall structure of your assets, which can also be called "strategic asset allocation". You decide about the:

• Income guarantee: how much income do you want to guarantee?
• Capital protection: which capital buffer do you need to cope with major planned or unplanned expenses?
• Asset growth: do you want to maximise the return on your remaining balance?

Your asset allocation will be based on your current and future income and needs, your age, your plans, your family situation and your attitude towards financial market volatility. By clearly separating high-risk growth portfolios we aim for a long-term investment philosophy. Selling late when markets dive and tardy subscriptions when they take an upturn undermine decent long-term returns.

Your personal private banker takes the time to assist you to the best of his ability in these important decisions.

ING Private Banking offers you the choice between three packages, with different levels of involvement.

• Discretionary management
• Advisory management
• Private Trading Desk

With the discretionary management package you place all your decisions about the management of your portfolio in the hands of ING Private Banking.

• You benefit from the know-how and experience of our managers and analyst teams.
• Your investments are based on the most recent market surveys and trends.
• You are sure of a diversified and active management based on a healthy long-term vision.

Discretionary management is based on a strict investment policy taking into account internal and external analyses of:

• the macroeconomic context: growth, inflation, interest rates, exchange rates
• the dynamics of the major geographical areas: United States, Europe, Japan, emerging markets
• the dynamics of large economic sectors and the many constituent industries
• the dynamics of high-risk investments as compared to lower-risk investments
• individual securities: shares, bonds, traditional funds and hedge funds.

We are aware that a contractual transfer requires considerable trust. Your trust is what drives us. We commit to optimise the return on your portfolio to the best of our ability, depending on the risk profile of your choice.

According to this package you authorise ING Private Banking to monitor your portfolio and give advice about how it should be managed. However, every transaction requires your prior approval.

• You keep full control of every element of your portfolio.
• You will have the benefit of proactive advice from your individual and permanent manager.
• You can always call on your manager for additional information and analyses.
  

Advisory management is based on the same investment process as that of discretionary management. Communication with your advice manager usually takes place by telephone or e-mail. You choose the frequency of your contacts.

If you select this package, you manage your portfolio yourself.

• You keep full control of every element of your portfolio.
• You place your orders, such as for shares, bonds, options or currencies.
• You can rely on a quick and correct execution of your orders.

You manage and monitor your investments yourself. Our traders remain available until 6 p.m. which allows you to trade on the US markets as well.

One of the major assets of ING Private Banking is that we can offer you our full range of financial products, adapted to your needs.

Naturally we are aware that financial markets are very complex. It is illusory to think that any financial institution is the best in all fields. That is why we have successfully used the "open architecture" internal organisation model for several years now. This means that for certain asset classes we use funds of other banks or management companies, if they perform better than our own products or if they complement our own product range.

That's right: we want only the best for your assets!