Wealth management

Deutsche Bank Private Wealth Management hired three executives from Citigroup Inc.

American Financial Group Inc., a Cincinnati insurance holding company, has promoted three officers.

For financial advisers looking to broaden their product menus, recent research says, international mutual funds and real estate investment trusts are the most attractive additions.

HSA Bank, a subsidiary of Waterbury, Conn.'s Webster Financial Corp., has appointed Wendy Williams vice president of brokerage sales.

State Street Corp.'s Select Sector SPDRs, a family of exchange-traded funds that divide the S&P 500 into nine sector portfolios, has reported that collective assets under management grew by $8.87 billion, or 51.95%, last year.

Asset management has often cast small banks in the role of Tantalus — the fee income it represents is exactly what they need, but the returns stay stubbornly out of reach.

New Jersey has the largest share of millionaires as a percentage of total households, according to an annual survey.

Mutual fund sales will grow at a slower pace than other investment products in the next five years, according to a study released Wednesday, but fund sales through banks are expected to rise faster than in other channels.

Boston Private Financial Holdings LLC's top executive said that when it realized it already had the perfect private-banking component for its New York-area expansion in Florida, it also may have found a strategy to help itself expand more quickly across the country.

Pershing LLC, a Jersey City unit of Bank of New York Mellon Corp., said Thursday that it had hired Steve Dunlap to be a managing director and chief operating officer of its managed account solutions division.

Concord Wealth Management, a Matawan, N.J., provider of outsourced services, said Wednesday that it will supply a wealth management platform to First United Bank in Durant, Okla.

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MassMutual Financial Group announced that Elaine Sarsynski, the chairman, president, and chief executive of MassMutual International LLC, will be the next head of its retirement services division.

Pershing LLC, a unit of Bank of New York Mellon Corp., announced Tuesday that it has started an exchange-traded funds center for its broker-dealer and independent registered investment adviser customers.

The Financial Industry Regulatory Authority said Tuesday that it fined 19 broker-dealers $2.8 million for overstating their advertised trading volume to three private service providers.

Vanguard Group hired an executive from Franklin Portfolio Associates to join the portfolio management team of its growth and income fund and its Vanguard Morgan Growth Fund.

Deutsche Bank Alex. Brown of New York, the U.S. private client services division of Deutsche Bank Securities Inc. and Deutsche Bank Private Wealth Management, has added six client advisers.

GenSpring Family Offices, SunTrust Banks Inc.’s wealth management unit for very rich families, plans to develop a national family-office network by acquiring providers in “secondary markets.”

BancorpSouth Insurance Services of Tupelo, Miss., has added another insurance agency as it seeks to expand in Missouri.