Matt Ackermann

Brown Brothers Harriman & Co. announced Wednesday that it promoted Brett D. Sovine to president and chief executive officer of its trust company.

Hartford Financial Services Group Inc. plans to revamp its annuity lineup and target business owners as part of an initiative to develop its wealth management operations.

Hartford Financial Services Group Inc. announced it has put John Walters in charge of its wealth management business.

Millionaire investor confidence rose in March, according to the Spectrem Group monthly survey, though confidence among affluent investors declined.

Hedging its bets, Hartford Financial Services Group Inc. plans to increase life insurance sales by focusing on developing relationships with independent financial advisers, as opposed to the big-bank channel.

Hartford Financial Services Group Inc. announced Tuesday that it had completed its previously announced equity and debt offerings so that it can repay the Treasury for its Capital Purchase Program funding.

Fidelity Investments expects more gains in sales of its 401(k)s through third-party financial advisers to small and midsize companies — and it will reduce fees to capture additional share.

Bank of New York Mellon Corp. said Thursday that it had promoted John A. Fiore to chief information officer.

By avoiding gimmicky riders, benefit reductions and higher prices, Jackson National Life Insurance Co. reported its best year for annuity sales through banks in 2009.

Vanguard Group plans to spend more overall on advertising this year as it increases spending on targeted marketing online.

To sell more products through financial advisers, Fidelity Investments is reorganizing hundreds of its employees, it announced Monday.

An upstart online financial management firm from Washington has found a unique way to market to low- and middle-income investors: Through water and electric bills.

Americans' confidence in their ability to retire appears to be stabilizing, according to an annual survey by the Employee Benefit Research Institute in Washington.

The number of U.S. households with a net worth of $1 million or more, not including a primary residence, increased 16%, to 7.8 million last year, according to a report.

In an effort to offer an array of college savings products, SLM, the education lending and savings company better known as Sallie Mae, announced it had introduced FDIC-insured, high-yield online savings accounts and certificates of deposit.

Bank of New York Mellon Corp. announced Monday that it has agreed to buy BHF Asset Servicing GmbH from BHF-Bank Aktiengesellschaft for $343 million.

American International Group Inc. on Monday announced a definitive agreement to sell American Life Insurance Co. to MetLife Inc.

In an effort to attract customers and assets, Bank of America Merrill Lynch is offering employers a tool to help them gauge employees' success at saving for retirement within a 401(k) plan.

Adviser confidence in the economy and the stock market declined in February.

Being owned by a bank has handcuffed many mutual fund units. Just don't tell that to J.P. Morgan Funds. The JPMorgan Chase business line increased its assets under management 6.97% last year, to $445 billion, and now has its sights set on developing more assets through banks.