Wealth management

Bank Investment Consultant, a publication of SourceMedia Inc. (the publisher of American Banker), interviewed three financial advisers who work at financial services companies that are in Nevada — Shazad Ali of Red Rock Community Bank in Las Vegas; Danny Duffy of Nevada Federal Credit Union, also in Las Vegas; and B.J. Willson of Greater Nevada Credit Union in Carson City — to discuss their outlook and strategy.

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TD Ameritrade Holding Corp. reported lower earnings for its fiscal fourth quarter and issued cautious guidance about trading volume next year.

Deutsche Bank AG's global institutional asset management unit, DB Advisors, promoted Kyle Delaney to run its Americas division.

Hartford Financial Services Group Inc. hired Stephan Schinnenburg as general manager of its German office in Frankfurt.

Putnam Investments hired two equity fund managers, Nick C. Thakore and Robert D. Ewing, as managing directors and portfolio managers with its large-cap equities team.

After reporting a larger-than-expected third-quarter loss, Northern Trust Corp. said it is considering applying for a capital infusion from the Treasury Department.

Invesco Aim Management Group Inc., said its Invesco Aim Advisors Inc. of Houston has approved the reopening of the Aim International Small Company Fund.

An executive at SunTrust Banks Inc. said he expects its new unified managed account platform to draw customers and help it double its assets under management within the next half-decade, but one analyst says it could be an uphill climb for the Atlanta company as it goes up against more established players.

Peach Holdings Inc. of Boynton Beach, Fla., has formed an asset management subsidiary.

IFS Financial Services Inc., a Cincinnati asset management subsidiary of Western and Southern Financial Group that uses the Touchstone Investments brand, has hired Gene L. Needles Jr. as its president.

Nomura Securities International Inc., a Japanese asset management company, announced that it has promoted Dean Chamberlain and Sotaro Kato to run its fixed-income investment portfolio management business.

Wilmington Trust Corp. reported a 50% plunge in third-quarter net income Friday as it wrote down its investments in Fannie Mae and Freddie Mac.

Faced with upheaval and consolidation among thrift and banking companies, notably Washington Mutual Inc. and Wachovia Corp., insurance carriers are working to assure bank customers that their annuity investments are safe.

American International Group Inc. may seek a third source of government cash by using a Federal Reserve Board program that buys commercial paper, according to a person familiar with the matter.

American International Group Inc. has announced the promotion of David L. Herzog to executive vice president and chief financial officer.

Hartford Financial Services Group Inc. announced that it has promoted Robert Paiano to senior vice president and enterprise chief risk officer.

Prudential Financial Inc. in Newark, N.J., said it has closed its purchase of MullinTBG, a provider of executive benefit solutions and financing strategies.

Axa Distributors LLC, a unit of Axa Group, said it has promoted Lee Small to national sales manager for the wholesale distribution channel serving national wire houses and regional broker-dealers.