Wealth management

KeyCorp private bank’s decision to move to an open architecture model in wealth management exemplified a couple trends analysts have noted in this business line.

Lincoln National Corp. said it will repurchase 2.3 million of its common shares for an initial price of $150 million.

Northern Trust Corp. has agreed to provide global custody, accounting, performance measurement, and investment mandate compliance monitoring services to qualified Chinese institutional investors for Bank of Communications of Beijing.

Huntington Bancshares Inc. of Columbus, Ohio, said it has signed a definitive agreement to buy Unified Fund Services Inc. of Indianapolis.

Marshall & Ilsley Corp.'s technology subsidiary, Metavante Corp., is betting that health-care payments administration is the next big thing, and it is lining up bank partners.

Nationwide Financial Services Inc. said it is in preliminary discussions to sell some of its retail mutual funds.

BB&T Insurance Services of Winston-Salem, N.C., announced Wednesday that it has agreed to buy Wyman, Green & Blalock Inc., a Bradenton, Fla., insurance agency specializing in personal and commercial property insurance, liability risk management, and employee benefits.

Bank of America Corp. introduced a unified managed account platform Wednesday as it looks to go head-to-head with Bank of New York Co. and the wire houses in an evolving market.

Lincoln National Corp. said its net income rose 59.1% in the third quarter from a year earlier, to $364.1 million.

Federated Investors Inc. of Pittsburgh has completed its acquisition of three mutual funds from Sentinel Asset Management Inc. of Montpelier, Vt.

The New York insurance brokerage Marsh & McLennan Cos. Inc. announced Wednesday that its third-quarter earnings rose 156.5% from a year earlier, to $176 million.

Commerce Banc Insurance Services, a subsidiary of Cherry Hill, N.J., based Commerce Bancorp, announced Tuesday it hired several senior executives as part of a regional expansion of its employee benefits business.

Bank of America Corp.'s global wealth and investment management division announced Tuesday that it has doubled, to eight, the number of regional teams serving high-net-worth clients, in order to bring senior leadership closer to major U.S. wealth markets.

Principal Financial Group Inc. of Des Moines said its third-quarter earnings rose 19.5% from a year earlier, to $251 million.

MetLife Inc. says it plans to continue adding wholesalers to increase distribution through banks.

The Hartford Financial Services Group Inc. announced Thursday that earnings rose 41% in the third quarter.

Janus Capital Group Inc.’s third-quarter earnings missed expectations.