Wealth management

Hartford Financial Services Group Inc. plans to add features to its annuity lineup in the United States and Japan in the next two months as it responds to market pressure that factored into a 20.9% decline in quarterly earnings.

Federated Investors Inc. said its second-quarter earnings rose from a year earlier, but assets under management declined slightly, because of difficult market conditions.

Insurance broker WSIB Insurance Agency LLC announced that Laura Hauenstein will serve as President and H. Don DeWitt will serve as executive vice president of its WSIB Motorsports division.

Hartford Financial Services Group Inc., one of the largest U.S. insurers, said Thursday that second-quarter earnings fell 21%.

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Janus Capital Group Inc. said difficult market conditions caused its second-quarter to miss Wall Street expectations, as profits and assets under management declined.

Boston Private Financial Holdings Inc. will not back away from its expansion plans as a result of its “disappointing” second-quarter earnings decline, its chairman and chief executive said.

Erie Insurance Group of Pennsylvania has hired a Citigroup Inc. as executive senior vice president, division officer, and chief information officer.

Northern Trust Corp. on Wednesday announced its first global real estate index fund.

Goldman Sachs Asset Management has started a fund that will focus on equity investments in Brazil, Russia, India, and China.

(From Bank Investment Consultant)

The Hanover Insurance Group Inc., a Worcester, Mass., super regional property and casualty company, announced Tuesday it is enhancing its billing capabilities.

Transamerica Retirement Services, a Los Angeles investment manager, has added adoption and acceptance agreement capabilities to its Web site.

State Street Global Advisors, the investment management unit of State Street Corp., launched three money market funds in Europe on Monday.

Old Mutual Financial Network plans to jump into the fiercely competitive market of variable annuities in the first quarter, avoiding the industry's big guns by targeting small and regional broker-dealers, its chief executive said.

Direxion Funds, a Boston fund company that provides leveraged and alternative-class products, has hired five executives to help expand sales.

Fixed Income Clearing Corp., a New York investment product clearing house, said 350 mutual funds have joined its sponsored membership program.

Most of the U.S. institutional investment plan sponsors that Northern Trust Co. serves reported negative returns in the second quarter, according to data it released Monday.