Wealth management

Seeking to increase sales through banks and credit unions in two key regions, VantisLife Insurance Co. says it plans to hire executives in the Midwest and California next year.

Barclays Global Investors' iShares unit, the largest provider of exchange-traded funds, launched an emerging-markets Eastern Europe ETF.

Glenmede Trust Co. in Philadelphia has announced that it will open a New York City office and that it hired Glenn Switzer to be a senior member of its New York team as a first vice president and portfolio manager.

Symetra Financial Corp. has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of common stock.

Cullen Capital Management in New York introduced the Cullen Small Cap Value Fund on Tuesday.

RBC Wealth Management's international arm in London has announced the promotion of Matthew Yong and Frank Mu to president and chief executive officer, respectively, of its Asian operations.

The Financial Industry Regulatory Authority on Monday warned of a phishing scam that uses counterfeit Finra e-mails to promise investors compensation from auction-rate securities settlements in exchange for personal information.

RBC Wealth Management is folding its Northwest region into the West, Midwest and South regions, effectively cutting its number of private client regions in the United States to six from seven.

Citi Personal Wealth Management is shifting its investment advisory model to a fee-only service and plans to work with registered investment advisers in an effort to broaden its geographic coverage, the company announced today.

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American Century Investments has launched a collective investment trust program. Also known as commingled or collective funds, collective investment trusts are tax-exempt, pooled investment vehicles designed exclusively for qualified plans, including 401(k) plans, as well as for certain types of government plans.

It was easy to embrace managed futures after 2008, when as a class they showed a 20% gain while markets lost nearly 40%. They are one of the only investments that did well last year, in part because they are not correlated with stocks and bonds.

Despite their sinister-sounding name, dark pools of liquidity can be very beneficial to average investors by offering mutual funds and large institutional investors an efficient way to make large trades without impacting the market.

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Provident Financial Services Inc. has hired Alan D. Segars as vice president and investment management officer of its wealth management group.

Vanguard Group has named F. Joseph Loughrey to its board of directors and to the board of trustees of each of the Valley Forge, Pa., investment company's mutual funds.

Northern Trust Corp. announced that it has promoted Patrick Everett to Dallas regional president.

Touchstone Investments of Cincinnati announced that it has introduced 10 mutual funds.

Grail Advisors of San Francisco has launched four actively managed exchange-traded funds.

A small Boston advisory firm is poised to expand from New England to the Middle Atlantic states and beyond because its executives believe the richest Americans want alternatives to the money-center banks.