Wealth management

The U.S. division of Sun Life Financial Inc. of Toronto has kicked off a retirement and wealth-transfer marketing campaign.

National Financial Partners Corp. of New York, a national network of independent financial advisers, said James R. Gelder will join it July 2 as the chief executive of NFP Insurance Services Inc., a newly created position, and executive vice president of the parent company.

First Trust Advisors LP of Lisle, Ill., has 16 new exchange-traded funds that use enhanced stock indexes.

Citigroup Inc.'s global transaction services unit was appointed the service provider for the Roosevelt Investment Group Inc.'s retail separately managed accounts business.

MFS Investments of Boston has rebounded from intense regulatory scrutiny and rumors that it would be sold.

Axa Equitable Life Insurance Co. of New York has hired Mary E. Bates as vice president of underwriting.

Federated Investors Inc. of Pittsburgh has promoted Bryan M. Burke to director of retirement plan sales.

Bank Investment Consultant

Centrue Financial Corp. of Ottawa, Ill., a $1.3 billion-asset banking company, is merging its wealth management and retail banking businesses.

Charles Schwab Investment Management announced it has lowered the minimum initial investment for its mutual funds to $100.

Evergreen Investments of Boston, the asset management arm of Wachovia Corp., named Robert J. Guerin to be its next chief compliance officer for the Evergreen Funds.

Marsh & McLennan Cos. Inc., a New York insurance broker, announced Tuesday that its first-quarter net income fell 36% from a year earlier, to $268 million, or 47 cents a share.

JPMorgan Asset Management is mounting a late push to become a major player in the investment-only defined contribution business.

Wilmington Trust Corp.'s agreement to acquire Bingham Legg Advisers LLC will give the Delaware company a presence in Boston that the head of its wealth advisory services business said is an important part of a plan to continue to expand nationally.

First American Title Insurance Co.'s international division announced Monday it has established a real estate guaranty unit in China.

Money market fund assets increased 0.48% in the week that ended May 2, to $2.447 trillion, according to data from the Investment Company Institute.