Where an institutional customer has delegated decisionmaking authority to an agent, such as an investment adviser or a bank trust department, these factors shall be applied to the agent.

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Like a well-run corporation, Jeter conducts quarterly meetings with his advisers, including his agent, an accountant and money managers from Bank One, Goldman Sachs and McCormack Advisors.

FORBES: Top of the Lineup - Derek Jeter is must-see TV

According to a survey by the Cerulli Associates consulting firm, at least half of U.S. households do not use a financial advisor, broadly defined as a stockbroker, a fee-only planner, a bank trust officer or an insurance agent.

FORBES: Surprise: Financial Advisors, Rogues to Some, Are Actually Decent Folks

Conservatives in China are deeply suspicious of the bank, which they regard as an agent of failed Western liberalism.

ECONOMIST: The politics of economic reform

Last month an affidavit was filed by an FBI agent in a Texas court raising the possibility that Bank of America accounts were being used to launder money connected to a Mexican drug cartel.

ECONOMIST: Probe watch

Whereas American investors willingly send their money to a fund manager they know only from magazine advertisements, and Britons usually buy from independent financial advisers who sell many different fund managers' products, continental Europeans tend to walk to their bank branch and no further, unless an insurance agent gets to them first.

ECONOMIST: Fund management

As its trading businesses have mushroomed to well beyond the size of its investment bank clients have become increasingly confused about whether the firm is an agent or a competitor.

ECONOMIST: The firm that came to dominate world finance