Matt Ackermann

Hartford Financial Services Group Inc. is hoping a team-oriented approach can boost sales, but its effort to align its sales force is a bit too late to be considered innovative.

Bank CEOs' total compensation increased 1% this year, compared with a 4.7% increase last year, according to a survey released Thursday.

JPMorgan Chase & Co. is using the prime brokerage services that it obtained in the Bear Stearns Cos. purchase to develop an integrated prime brokerage and custody platform.

Donald H. Layton all but waved a "mission accomplished" banner after announcing plans Wednesday to leave E-Trade Financial Corp., but his successor will face plenty of challenges.

Geller & Co., a New York financial advisory and wealth management firm, said it hired Steve Fadem as a senior managing director and chief operating officer.

LaCrosse Global Fund Services and Capital Services Group, both New York firms, have announced the start of a strategic alliance to support hedge fund clients seeking distressed debt opportunities in Asia.

Wells Fargo & Co. has announced that Wachovia Exchange Services is now operating as Wells Fargo 1031 Exchange Services.

JPMorgan Chase announced Wednesday that it has introduced the Prime-Custody Solutions Group, which delivers integrated prime brokerage and custody services.

Gamco Investors Inc. of Rye, N.Y., said Tuesday that it promoted Kevin V. Dreyer to associate portfolio manager of the Gabelli Asset Fund, an open-ended fund managed by Gabelli Funds LLC.

Pacific Investment Management Co. of Newport Beach, Calif., has launched the Pimco Real Income Funds. The family of funds is designed to provide retirees with a stream of monthly income hedged against inflation.

Many retired Americans are financially aiding other members of their family, either by giving them money or managing their finances directly, according to the fourth Real Life Retirement quarterly survey from Charles Schwab & Co. Inc.

Northern Trust Corp. announced Tuesday that Steven L. Fradkin, an executive vice president and chief financial officer since 2004, has been named president of the Chicago company's corporate and institutional services unit.

Listening to Bryce Carr discuss his doubts about Emprise Bank's new advertising campaign for its wealth management services, one gets an old-school feeling about how business gets done in his market.

Scout Investment Advisors Inc., a unit of UMB Financial Corp. of Kansas City, Mo., has hired Benjamin Wiesenfeld to be its chief compliance officer and chief legal counsel.

WSFS Financial Corp. in Wilmington, Del., announced that it has promoted Deborah A. Markwood to senior vice president and director of trust services.

To improve retention and attract younger customers, MetLife Inc. has introduced an online platform to offer financial advice to investors who make a minimum investment of $10,000.

Northern Trust Corp. announced Wednesday it repurchased for $87 million a warrant issued to the Treasury Department to buy about 3.8 million shares of its common stock as part of the Tarp Capital Purchase Program.

BNY Mellon Wealth Management, a unit of Bank of New York Mellon Corp., has hired Kristin Nelson and Dean W. Catalano as senior sales directors in the unit's plan to expand in Southern California.

With more advisers selling its products, Jackson National Life Insurance Co. turn in a strong first half in sales of its investment and insurance products.

Northern Trust Corp. has promoted Connie Lindsey to head corporate social responsibility.