While most insurance firms have been selling off their broker/dealer subsidiaries, AIG has reportedly emerged as the most likely buyer of Woodbury Financial Services. But reactions to the potential deal were mixed.
Advisor count continued to rise at Ameriprise Financial in the second quarter although productivity notched lower due to market volatility that hurt trading, the firm said today...
Last year global asset manager Affiliated Managers Group Inc. launched a new subsidiary with the aim of acquiring equity in top boutique investment management firms. Today the company said it is taking a majority stake in its first business...
If you opened up a copy of BusinessWeek just two weeks ago and bothered to glance through the ads, you’d see a picture of $2.3 million producer Peter Sargent featured in Merrill Lynch’s ‘The Power of the Right Advisor&rsquo...
Focus Financial Partners’ pockets just got a lot deeper. A consortium of banks approved a credit facility of up to $320 million for the New York City-based registered investment advisor aggregator, almost double the size of its previous...
