With the DOL rule dead, 'the door is open' and Reverence Capital buys Advisor Group, which unites AIG's old annuity salesforce and Voya's rebranded annuity factory
Reverence Capital, which also holds big stakes in Russell Investments and USAA mutual funds. jumps at chance to own a 7,000-person sales force
Author Brooke Southall May 10, 2019 at 3:00 AM
For what it’s worth
May 15, 2019 — 8:08 PM
Advisor Group never sold that much AIG annuities. Cross selling AIG products was pretty much a failure. Also stock and insurance brokers? Did Ms Brown really characterize financial advisors in that manner?
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After 13 years in the Shirl shadow, Ed Swenson gets a mandate to grow a $20-billion corporate RIA as old AIG IBD unit, Advisor Group, reorganizes and seeks new brand identity
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