Wealth management

Money Management Executive

Consumer interest in long-term-care insurance has increased, according to a survey conducted by John Hancock Life Insurance Co.

Merrill Lynch & Co. Inc. said Ben Weston, its hedge fund development chief, has left the company.

Scottrade Inc., a St. Louis online investment firm, announced that it plans to open a branch in Fort Lee, N.J.

RiverSource Investments LLC, a Minneapolis subsidiary of Ameriprise Financial Inc., announced it has launched two single-strategy mutual funds.

Vanguard Group Inc. said Tuesday that it will add three investment options for donor-advised fund accounts to its charitable endowment program.

Envestnet Asset Management has grown rapidly in the past year as financial services companies look to adopt comprehensive, open architecture wealth management platforms, and it says banks are its "fastest-growing segment right now."

Charles Schwab Corp. promoted Benjamin Bridgeman to head of Schwab Investor Services and Charles Goldman to head of Schwab Institutional.

Wellspring Capital Management LLC, a New York private-equity firm, announced Tuesday that it has hired John E. Morningstar as a principal and William E. Ramsey as an executive director.

Allianz SE of Munich has completed its acquisition of Progress-Garant, buying all its shares of the Russian insurer from its management team.

Safeco is expanding its presence in the Golden State with a focus on homeowners insurance.

Marsh announced Monday that it had established a renewable energy team. It named Susan K. Stokes and Tom Sexton as its co-leaders.

National Financial Partners Corp. of New York, a national network of independent financial advisers, announced an arrangement with ING U.S. Financial Services to provide access to increased life insurance capacity through a variety of hybrid premium financing programs.

Genworth Financial Inc. said Friday that it has bought back 16.5 million shares of its common stock from Merrill Lynch & Co. Inc. for $600 million.

Fidelity Investments launched three Fidelity Advisor funds.

The number of Americans using health savings accounts is poised to grow quickly, recent research suggests, but more work is needed to help people understand how the accounts and their accompanying insurance plans work.