Wealth management

Jackson National Life Insurance Co. announced a corporate branding campaign Monday.

Evergreen Investments' new president of global distribution will build up distribution through independent advisers and expand the company's alternative investment offerings, according to his boss.

Fiserv Inc. said Friday that it had bought Insurance Wholesalers Inc., a Citrus Heights, Calif., company that generates leads for term and universal life insurance sales to cover the amount of an insured's mortgage.

Massachusetts Mutual Life Insurance Co. announced Friday that it had promoted Michael Rollings to executive vice president and chief financial officer and chief administrative officer Elaine A. Sarsynski to executive vice president.

JMP Asset Management, a San Francisco hedge fund manager, announced Friday that it had hired a former BlackRock Inc. executive to run distribution.

Hartford Financial Services Group Inc. announced Thursday that it had agreed to settle reinsurance litigation with Equitas, a company set up to assume Lloyd's of London's liability exposures, and would take a pretax charge of $243 million, or $158 million after taxes, in the second quarter. The settlement's terms were not disclosed.

Wachovia Corp. says its open architecture investment platform is an about-face from a wealth management strategy that had kept customers mostly in proprietary products as recently as two years ago.

Mellon Global Investments, a subsidiary of Mellon Financial Corp., announced Thursday that it had started a new mutual fund — its largest at inception, with more than $3 billion of assets.

Hewitt Associates Inc., a global human resources services company, said Thursday that its chief executive officer will retire in December and that the president of its core business has resigned.

Credit Suisse announced Wednesday that it had agreed to sell its Winterthur insurance arm to Axa Group Inc. for $10.87 billion.

Goldman Sachs Corp.'s cash management business says it wants to develop share by mining more banks in the United States and by looking abroad for clients.

Lexington Insurance Co., a unit of American International Group Inc., said it introduced warehouse legal liability insurance Tuesday for the warehousing, trucking, and logistics industries.

Evergreen Investments, the investment management unit of Wachovia Corp., announced Tuesday that it had hired Peter Cieszko to be president of global distribution, a newly created post.

TD Banknorth's investment program has ballooned in size over the past decade, grabbing up the parent company's acquisitions at a steady pace to grow from three people in 1996 to 85 registered advisers and 100 platform reps.

Altman Group Inc., a New York proxy solicitation firm, announced Monday that it has begun offering a service to track accumulations of shares by hedge funds.

Phoenix Investment Partners Ltd., the asset management arm of Phoenix Cos. Inc. in Hartford, Conn., said Monday that it had added the Phoenix Growth Opportunities Fund, formerly called the Turner Strategic Growth Fund, to its PhoenixFunds family.

John Hancock Funds said Monday that it had launched a redesigned Web site featuring customized views for individual investors, financial advisers, broker-dealers, and home-office sales audiences.