Matt Ackermann

Harleysville National Corp. sold its wealth management divisions, the Cornerstone Cos., to its three managing directors.

Brown Brothers Harriman & Co. announced Wednesday it promoted Brett D. Sovine to president and chief executive officer of its trust company.

Hartford Financial Services Group Inc. plans to revamp its annuity lineup and target business owners as part of an initiative to develop its wealth management business.

Walters, who has worked for the Hartford, Conn., company since 2000 and was most recently president and chief operating officer of Hartford Life, will run a business unit that will provide products and services for the retirement savings, income and estate planning needs of consumers and small business owners.

Millionaire investor confidence rose in March, according to Spectrem Group monthly survey, even as confidence amongst affluent investors declined.

Advisors believe the unemployment rate will remain unchanged in the next six months.

Hartford Financial Services Co. plans to increase life insurance sales by focusing on developing its presence with independent financial advisors.

American International Group Inc. announced its third sale this month as the New York insurance company continued to shed units in an effort to raise capital.

Most non-retired Americans doubt they will ever have enough money to live comfortably in retirement, according to a Gallup poll. But Allianz Life Insurance Co., offered a series of tips to help.

Hartford Financial Services Group Inc. announced Tuesday it has completed its previously announced equity and debt offerings so that it can repay the Treasury under its Capital Purchase Program.

By hiring Citigroup veteran Steven Freilberg as its chief executive officer, E-Trade Financial Corp. has sent a strong message to the industry: We aren’t for sale.

Fidelity plans to switch its Advisor 401(k) platform to a system where the advisor receives a flat fee from Fidelity instead of several different fees in the form of 12b-1 fees.

The New York company hired John B. Howard as a senior vice president and chief financial officer.

While competitors struggled in 2009, Jackson National Life Insurance Co. reported its best year for annuity sales through banks.

In an effort to sell more products through financial advisers, Fidelity Investments announced Monday that it plans to reorganize hundreds of its employees.

More than half of ads will run online.

The company plans to launch its first actively-managed ETF later this year that would invest in about 300 domestic large-cap stocks.

Assets held in domestic exchange-traded funds increased last month, but couldn’t quite keep pace with the Standard & Poor’s 500.

The company has already partnered with the city of San Francisco to offer wealth management services to its residents through direct mailings in their water and electric bills.

Americans need to resume saving and planning if they want to retire comfortably.