Wealth management

Reliance Financial Corp., which has used an open-architecture wealth management model since it opened its doors in 1992, expects the growing popularity of the approach to help it expand its distribution through banks and other financial firms.

TD Ameritrade Holding Corp.'s fiscal first-quarter earnings grew 69% from a year earlier, according to data released Tuesday.

Aflac Inc. announced Tuesday that a former Japanese banking executive will become deputy president of Aflac Japan.

AMSTERDAM — Transamerica, a U.S. unit of Dutch insurer Aegon NV (AEG), has said it wants to save an additional $20 million a year by combining two administrative units.

Money Management Executive

Sun Life Financial Inc. of Toronto announced Thursday that it has agreed to buy Genworth Financial Inc.'s U.S. group benefits business for $650 million.

Principal Financial Group of Des Moines has a new universal life insurance policy designed to help pay estate and settlement transfer costs.

After spending a year building an alternative investment platform, BB&T Corp. of Winston-Salem, N.C., is set to begin marketing its broad array of products like hedge funds, private equity, and structured notes to clients.

For more information on this data, visit Novantas LLC and Market Rates Insight.

Axa Financial Inc. of New York promoted Richard Dziadzio from deputy chief financial officer to chief financial officer.

Sceptre Investment Counsel Ltd. of Toronto has completed its acquisition of Legg Mason Canada's private client division.

The widely reported, but not yet announced, $3.9 billion deal to sell Putman Investments to Power Corp. of Montreal could mean the end of a bumpy road for the Boston investment firm and its New York parent, Marsh & McLennan Cos. Inc.

Swett & Crawford, an Atlanta insurance company, announced Tuesday it has acquired the assets of Oxbridge Insurance Associates, Inc.

State Street Corp. announced plans to apply its popular SPDRs, or Spiders, brand to all of its exchange-traded funds to gain traction in a crowded market.

Evergreen Investment Management Co. LLC is buying a majority interest in a London fixed-income institutional manager with operations in several overseas markets that would be new to the Wachovia Corp. asset management arm.

Ameriprise Financial Inc. announced Monday it merged and renamed its five life insurance subsidiaries into two RiverSource branded entities.

When Comerica Inc. sold its fund unit in late December, it appeared the Detroit company had followed the overriding industry trend toward open architecture and out of proprietary asset management.

VILLANOVA, Pa. — The Haley Group and the Investment Traders Association of Philadelphia have proudly donated $50,000 in support of the Villanova School of Business. The Haley Group and Investment Traders Association of Philadelphia Endowed Scholarship Fund is a joint initiative established to encourage and support undergraduate students studying the field of finance.