Wealth management

Phoenix Cos. Inc. of Hartford, Conn., named George R. Aylward the president of Phoenix Investment Partners, its asset management subsidiary.

Deutsche Asset Management's U.S. unit announced Thursday that it had hired a wholesaler from Fidelity Investments and another from Franklin Templeton Investments.

Vanguard Group said Thursday that it had reopened one fund and dropped annual investment limits on two others.

MetLife Investors Distribution Co. said it had hired a former Citibank executive to help improve sales in the bank channel.

South Financial Group's insurance business is growing, but not at the pace the Greenville, S.C., super community bank had set as its goal.

Genworth Financial Inc. has announced an agreement to repurchase more than 9 million shares of common stock for $32 each.

More mutual fund companies, recognizing the need for parents to prepare for their children's future, are training advisers to discuss college savings plans with parents and grandparents.

Hartford Financial Services Group Inc. announced Wednesday that it has agreed to pay $55 million to settle directed brokerage charges brought by the Securities and Exchange Commission.

Rydex Investments announced a family of nine exchange-traded funds Tuesday.

MetLife Investors Distribution Co. of New York is offering its variable annuities and its suite of optional living benefits in Wachovia Corp. branches nationally.

The financial services technology provider SunGard has added unified managed account capabilities to its WealthStation 2.0 wealth management platform.

The life insurer Phoenix Cos. Inc. of Hartford, Conn., has restated its third-quarter earnings after receiving notice about a death claim in a runoff block of corporate-owned life insurance.

JPMorgan Asset Management has agreed to buy Columbia Equity Trust Inc., a real estate investment firm based in Washington.

Envestnet Asset Management of Chicago has struck a partnership with Fixed Income Securities LP of Monument, Colo.

Bisys Group Inc. has agreed to a $25.1 million settlement with the Securities and Exchange Commission to close an investigation into its financial restatements.

Metropolitan Life Insurance Co. has been approved for membership at the Federal Home Loan Bank of New York.