Letter

Letter provides a modern private banking and wealth management platform targeted at high net worth individuals, combining banking, investment, lending, and advisory services on a single platform. It positions itself as a faster, more integrated alternative to traditional private banks with real-time financial lifecycle management.

Letter offers a unified platform that connects users' bank accounts, brokerage accounts, crypto, and other financial accounts to provide a single real-time view. It includes deposit services with FDIC-insured accounts, a checking solution for family and staff, investment options including passive strategies and crypto, equities, and structured notes, a line of credit for flexible borrowing, specialized services for very high net worth clients, an origin marketplace for curated financial products and deals, and a lending feature to automate lending of user capital. The product emphasizes automation of treasury management, loan applications, taxes, and access to expert guidance, with a focus on seamless access to capital and coordinated financial management across multiple services on one platform.

Who it’s for: High net worth individuals (generally with significant liquid assets seeking integrated private banking, wealth management, and lending), including families and professionals seeking unified access to banking, investments, borrowing, and advisory guidance.

mentions of guiding and becoming a client, product-focused platform with a 2019-2024 range, indicates ongoing product development and private banking traction