The unit will draw from the Boston company's wealth management businesses, offering annuities, mutual funds, and 401(k) products to help customers create retirement plans.
David Longfritz was named a senior vice president of the unit and its general manager. Longfritz, 46, had been a senior vice president of marketing for John Hancock Annuities, where he was the top marketing executive for more than six years.
John Hancock is a subsidiary of