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The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

REUTERS SUMMIT-Highlights, Day 4: Disruptive startups

Reuters - UK Focus

(For other news from the Reuters Global Wealth Management Summit (LSE: SUMM.L - news) , click on http://www.reuters.com/summit/Wealth14)

NEW YORK (Frankfurt: HX6.F - news) , June 19 (Reuters) - (For other news from the Reuters Global Wealth Management Summit, click on http://www.reuters.com/summit/Wealth14)

The following are highlights of Reuters' Wealth Management Summit in New York, where key financial services industry executives are discussing their competitive pressures and growth plans, as well as their predictions for markets in the second half of 2014.

ADAM NASH, CEO, Wealthfront

On digital wealth management solutions:

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"In the next five to ten years, I think almost everyone will use some form of an automated investment service. It makes too much sense. No human is going to watch your account every day. So at some point, people are going to be using software to monitor and take care of the basics, like rebalancing and dividend investment."

MIKE SHA, CEO, SigFig

On actually being disruptive:

"There are so many examples in history of products and services that had potential to be disruptive, but never actually did it. I think there's one key ingredient to actually being disruptive, and that's to do it at scale." MIKE KANE, CEO, Hedgeable On replacing human advisers:

"My dad is a financial planner. I don't want to put my dad out of business."

KEITH BANKS, president, U.S. Trust Private Wealth Management, Bank of America (TLO: BAC.TI - news) On company culture:

"If you can't demonstrate that you're an enterprise thinker, and you can't demonstrate that across the company, then you really don't have a future here in a serious leadership position."

On what he looks for in a new adviser:

"Number one, I look for passionate people ... I want someone that can bring a high level of commitment and passion for their clients and for U.S. Trust. Two, I want someone who is fearless in front of the client ... I also look for team players. As a principle client agent, it's not about me, it's about the whole team." (Compiled by Reuters' Wealth Management team; Editing by Meredith Mazzilli)