Wealth management

TIAA-CREF has enhanced its lifecycle funds.

Hartford Financial Services Group Inc., increased its earnings forecast for this year after announcing Friday that profit had risen 20% in the first quarter.

State Street Global Advisors has two new international exchange-traded funds: the SPDR S&P International Small Cap ETF and the SPDR S&P World ex-US ETF.

Affiliated Managers Group Inc. of Prides Crossing, Mass., said strong asset inflows drove a 4% increase in its first-quarter profit, to $36.6 million.

T. Rowe Price Group Inc. said its first-quarter earnings rose 22%, to $142.9 million, or 51 cents a share.

Symetra Financial, an investment manager in Bellevue, Wash., has agreed to buy Medical Risk Managers Inc. of South Windsor, Conn.

Boston Private Financial Holdings Inc. says it will maintain its expansion strategy after a first quarter whose results came in essentially flat compared to a year ago.

ShareBuilder Corp. of Bellevue, Wash., has begun offering discounts on 401(k) plan administration fees to certain small-business customers of the warehouse retailer Costco Wholesale Corp.

Evergreen Investments Co., Wachovia Corp.'s asset management arm, has hired Margaret Patel, a high-yield money manager who recently resigned from Pioneer Investment Management of Boston.

Banks need to offer a full array of products, including hedge funds and international products, to compete for wealthy clients, a U.S. Trust Corp. executive said.

Raymond James Financial Inc. said net income for its fiscal second quarter fell 3% despite higher commissions.

Icon Advisers Inc. of Greenwood Village, Colo., has hired Edward Reiser for a newly created position, vice president of variable annuity product sales.

Marshall & Ilsley Corp. of Milwaukee has closed its deal to acquire North Star Financial Corp. in Chicago.

Aviva PLC, a London insurer, said first-quarter sales rose, in part because of stronger U.S. sales as a result of its acquisition of AmerUs Group Co.

Aviva PLC, a London insurance company, announced Tuesday that first quarter profits rose due in part to stronger sales in the U.S. as a result of its acquisition of Des Moines' AmerUs Group Co.

Money Management Executive

Federated Investors Inc. has a deal to buy a mutual fund to expand international capabilities.

Susquehanna Bancshares Inc. of Lititz, Pa., has agreed to buy the Radnor investment advisory firm Widmann, Siff & Co. Inc.