Schwab offers managed accounts for the wealthy

Article Abstract:

Charles Schwab, the largest discount broker in the US, is introducing a program, dubbed as "Managed Account Connections," to attract wealthy clients. Under the new program, Charles Schwab will provide special services to independent fee-based financial advisers instead of commission-based brokers. The setup allows its affiliated financial advisers to offer clients, who are willing to invest a minimum of 25,000, with separate accounts other than mutual funds. Separate accounts, which are run by money managers, allow clients to own stocks directly, customized them and pick a tax-managed account to minimize capital gains and dividends.

Comment:

Is introducing a program, dubbed as "Managed Account Connections," to attract wealthy clients

Securities Dealers, Marketing procedures, Charles Schwab Corp., Article

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Questions surround stock plan

Article Abstract:

Pres Clinton has launched a proposal for the country's burgeoning social security and retirement problems. In his State of Union address, the president is planning to put 62% of the government's budget surpluses into the Social Security trust fund, around 25% of which could be invested in the stock market. The government is also planning to create a special savings plan called the Universal Savings Account, in which the government would match some of the workers' contributions.

Government domestic functions, Pension Funds & Benefit Plans, Pension Funds, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Pensions

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Jeepers: Bond star Bill Gross puts stock pickers to shame

Article Abstract:

The author presents a profile of Wall Street's most successful mutual fund manager Bill Gross. Topics include institutional investments , personal finance, and portfolio management.

Commercial Banks, Portfolio Management, Personal Financial Mgmt, Private Households, Portfolio & Funds Management, Consumer Assets & Liabilities, Personal finance, Investments, Institutional investments, Gross, Bill

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