Wealth management

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.

Baird expanded its wealth management business Tuesday by recruiting new advisers overseeing a total of $450 million in client assets to two of its new offices.

The earthquake in Japan highlights the difference between what many investors see as the right way and the wrong way to use single-country exchange-traded funds.

How much does it take to feel wealthy these days? For many millionaires, it's about $7.5 million, according to a survey by Fidelity Investments.

Donating a piece of land or an elegant building front to charity to get a big write-off boomed as a tax strategy in recent years, and then blew up at the Internal Revenue Service.

The United States and Singapore were co-valedictorians in a Morningstar report released Friday, with both countries earning an A on a report card that measured the overall experience of mutual fund investors based on a variety of factors, including taxation, transparency and investor protection.

High-net-worth individuals invested $2.1 billion in commercial real estate last year, up from $579 million in 2009, according to Real Capital Analytics Inc., a New York research firm.

Bank of America Merrill Lynch's retirement services unit is generating significant new business, much of it from existing clients of the bank.

Grantor retained annuity trusts allow wealthy children to pass investment gains on to their parents or grandparents without dipping into their $5 million lifetime gift tax exemptions.