Wealth management

A broker who moved from Fidelity Investments to Morgan Stanley Smith Barney has been temporarily barred in a settlement from calling his former clients to ask them to follow him.

Securities America has agreed to meet with a mediator in an attempt to resolve a flood of investor cases that could expose it to more than $300 million in liabilities.

Retirement savings may swell to $4 trillion over the next four years and the largest banks want a bigger share of that money.

Morgan Stanley and Goldman Sachs have arranged two term loans totaling $395 million that will back Hubbard Radio's acquisition of 17 radio stations from Bonneville International, according to sources.

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Putnam Investments announced a new suite of income-oriented funds designed to help advisers better serve their clients' retirement issues.

Pacific Investment Management Co. raised more than $1.5 billion for a private pool to buy assets from banks looking to strengthen their balance sheets, according to two people with knowledge of the fund raising.

Goldman Sachs Group Inc., the fifth-biggest U.S. banking company by assets, will continue making principal investments with the firm's own money because executives do not think the so-called Volcker Rule prevents the practice, a Bank of America Corp. analyst said.

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.

Several years ago, Grant Rawdin passed on the chance to become a charter shareholder in National Advisors Trust, a trust company owned by a registered investment adviser and designed to serve advisers nationwide.

Three years after the collapse of Bear Stearns Cos., which helped fuel the worst financial crisis since the Great Depression, former bond executives of the firm are running businesses at onetime rivals, including Bank of America Corp. and Goldman Sachs Group Inc.

Morgan Stanley is starting to win more business from smaller private-equity firms after forming a group of bankers to focus on the sector and generate more fee revenue from buyouts.

The trustee charged with winding down Lehman Brothers Holdings Inc.'s U.S. broker-dealer business Friday sued Citigroup Inc. seeking the return of some $1.3 billion the bank seized in the days following Lehman's Chapter 11 bankruptcy filing on Sept. 15, 2008.

Bill Gross is starting a new version of his PIMCO Total Return Fund that will rely less on derivatives and leverage, two of the tools that he used to build Total Return into the largest mutual fund.

Japan's unfolding nuclear predicament has hammered some narrowly targeted exchange-traded funds, but not always the ones investors might think.

While serving on Goldman Sachs Group Inc. board in 2008, Rajat Gupta told Raj Rajaratnam of talks about whether to buy Wachovia Corp. or American International Group Inc., according to a wiretap recording.

LPL announced on Monday that it will move all Uvest bank brokers from Pershing to LPL's self-clearing platform.

More than a quarter of U.S. workers said they're "not at all confident" about their ability to afford a comfortable retirement, the highest percentage in two decades, according to an Employee Benefit Research Institute report.

As their products become more and more complex, advisers are increasingly gravitating toward the use of fee-billing experts.

The Internal Revenue Service audited 18.4% of taxpayers reporting income above $10 million last year, up from 10.6% the previous year.