Commerce Bancshares launched an asset allocation account this week that gives retail investors services previously reserved for the well-to-do.

St. Louis-based Commerce is assigning relationship managers to clients who open its balanced investment account, which has a $25,000 minimum. Relationship managers are typically associated with private banking units, which require much higher minimum balances.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.