Global Wealth Management 2014
NEW YORK Jack Bogle, a celebrity for low cost investors, faces a disconnect with his own fan base when it comes to corporate governance.
New York The "accountability guarantee" that Charles Schwab Corp unveiled with fanfare in December has to date cost the San Francisco-based financial company pocket money only.
NEW YORK BlackRock Inc. BLK.N, the world's biggest money manager, has made a radical shift in the way it pays its retail mutual fund salespeople in the United States, a top executive said.
GENEVA From Spanish shopping centers available at bargain prices to wine, art and classic cars, so-called alternative investments are gaining appeal to the world's rich as returns elsewhere wane, wealth managers say.
New York Jack Bogle, the founder of Vanguard Group Inc and the pioneer of low-cost index investing has won.
NEW YORK The high levels of cash that TD Ameritrade customers have been keeping in their brokerage accounts since the 2008-2009 financial collapse is on the decline, a sign of growing confidence in the U.S. stock market, company executives said at Reuters Wealth Management Summit on Wednesday.
NEW YORK Led by a group of start-ups that have emerged in the last two years to offer previously expensive and exclusive financial services on a low-cost basis to a mass audience, the financial services industry is starting to adapt its ways.
GENEVA Switzerland's skill and stability will help the country maintain its position as one of the worlds' most popular places for foreign money, private bankers said.
New York Asia is the most competitive region in the world for bankers catering to the very rich, but also presents great opportunities for private bankers, the head of Citigroup Inc's private bank said.
NEW YORK Vanguard Group Inc's new bond chief on Wednesday said investors could be ignoring warning signs in less stable countries in their search for yield.
GENEVA Spain's Santander is looking to tap a $140 billion pool of assets held by newly-arrived U.S. immigrants as it grows its private bank, a top executive said, adding the unit aimed to double its funds under management globally in coming years.