Wealth management

Pacific Life introduced an equity indexed universal life insurance policy Friday featuring credited interest based in part on positive performance of the Standard & Poor's 500 index.

The investment management company Alliance Capital Management LP announced Friday that a unit had received Wells notices from two securities regulators the previous week in connection with separate matters.

Prudential Financial Inc., the largest U.S. life insurer, has reported better-than-expected second-quarter results and raised its full-year earnings guidance amid strong variable annuity sales and solid growth in its Japanese businesses.

First Republic Bank in San Francisco has announced a deal to buy First Signature Bank and Trust of Portsmouth, N.H., from John Hancock Financial Services Inc.

Aetna has announced the marketing of six new preferred provider organization, or PPO, plans for individuals and their families in Ohio, partly in connection with health savings account products.

The Utah Educational Savings Plan Trust has settled a Securities and Exchange Commission case that accused it of making false statements to investors about problems with the state 529 college savings plan’s accounting system.

Axa Financial Inc. is trying to revitalize its retirement plan business with a group variable annuity it hopes will stand apart by offering fiduciary services and simplified educational literature for plan sponsors and advisers.

Earnings rebounded at National Financial Partners in the second quarter as its aggressive acquisition plan helped offset the costs of an internal review in response to subpoenas from regulators.

Fairfax Financial Holdings Ltd. in Toronto announced Tuesday that certain of its U.S. subsidiaries have sold an aggregate of two million shares of Zenith National Insurance Corp. common stock to Wachovia Securities, a unit of the Charlotte banking company, at a net price of $66 per share.

Manulife-Sinochem Life Insurance Co. Ltd., a joint venture subsidiary of the Toronto insurance company Manulife Financial, said Tuesday that it has started the group insurance business it has been preparing since the recent lifting of product restrictions for foreign insurers by the Chinese government.

Marsh & McLennan Cos., the world's largest insurance broker, said Tuesday that its second-quarter profit fell 57% after the company scrapped fees from insurers to settle a lawsuit brought by New York Attorney General Eliot Spitzer.

Janus Capital Group Inc., reeling from the twin blows this decade of a bear market in equities and a market-timing scandal that undermined its reputation, is taking a new approach under the new leadership installed last year.

Trade-Ideas LLC, a provider of idea-generation technology and real-time analytics to active investors, has announced an alliance with E-Trade Financial as a media partner and sponsor of Trade-Ideas' free online stock scans and real-time reports.

U.S. Bancorp Asset Management said Monday that it had named Jim Greenawalt, a senior consultant to the company for nine months, to head distribution.

Tremont Capital Management Inc., an alternative investment manager, announced plans Monday to open a Hong Kong office in the first quarter to capitalize on the growing Asian hedge fund market.

Bank of America Corp. has entered the Health Savings Account business with a product it hopes will be distinguished from its rivals by superior servicing options, including online bill payment and reimbursement, and it plans ultimately to target its 33 million customer households.

Mellon Financial Corp. said Monday that it had promoted Vicary M. Graham to regional president of its private wealth management group in Massachusetts.