In a move the company says is motivated by sharing the benefits of scale, Charles Schwab will reduce trading costs and fees, while also eliminating minimums and introducing a new money-back guarantee.
Private bankers working with JPMorgan’s richest customers are encouraged to steer client assets into certain funds and instruments that generate rich fees for the bank.
As seniors increasingly outnumber people still in the workforce, pressures rise on investment pools, medical systems and funds to build economies for future generations.
Clients are comfortable investing in developing nations after 2016’s strong performance for stocks and bonds and as money continues to flow in this year.