Lorie Konish

Financial advisers are losing an average of $20,000 in fees for not pricing their fee-based businesses competitively enough, according to a survey from the software firm PriceMetrix.

Certain Republican House lawmakers are questioning the need for a uniform fiduciary standard, adding more fuel to a legislative debate set to take place soon.

BNY Mellon Asset Management has promoted Gabriela Parcella to chief executive of Mellon Capital Management Corp., and hired Bart Grenier as chairman and CEO of Boston Company Asset Management LLC.

UBS Wealth Management Americas has added Bank of America Merrill Lynch financial adviser Louise F. Gunderson to its midtown New York private client branch.

The Financial Industry Regulatory Authority said Friday that James S. Shorris, its executive director of enforcement, will leave the self-regulatory agency in April and return to the private sector. It did not provide more information about the reason for Shorris' departure or his future.

Bank of America's private wealth management business U.S. Trust has capped its 2010 national wealth management team expansion with the addition of five new advisers.

Goldman Sachs Group Inc. plans to ramp up its wealth management business by expanding its adviser force in the next couple of years.