National Financial Partners, a consolidator of insurance-brokerage and financial-planning firms, has acquired Fusion Advisor.
Jeff Montgomery, chief executive of NFP Securities Inc., will become chief executive of Al Frank Asset Management Inc. at the end of May.
India's Ministry of Finance today approved the purchase of a 6% stake, in India's National Stock Exchange by Morgan Stanley, Citigroup Inc. and private equity firm Actis Capital LLP, according to Reuters.
