Aug 1, 2012
Press report: AIG pays in the ballpark of $115 million -- or $82,000 per rep -- for Woodbury
The low price-per-rep may reflect the fact that few of Woodbury's advisors are high-end producers with sophisticated clients, one analyst says
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The low price-per-rep may reflect the fact that few of Woodbury's advisors are high-end producers with sophisticated clients, one analyst says
The CEO is looking for big acqusitions and ways to compete for big RIAs
The company is seeking to address the issue of having 65% of its advisors still managing assets themselves rather than using managers
The arrangement between the companies had endured a multi-year "dormancy"
The Industry Sourcebook for RIAs