AIG Advisor Group continues to play a game of musical chairs with the heads of its various broker-dealers, this time replacing James Cannon with Jeffrey Auld, who becomes president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.
AIG Advisor Group, continuing to play a game of musical chairs with the executives in charge of its various broker-dealers, has replaced James Cannon with Jeffrey Auld as president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.
Personal-injury lawyers are once again jumping into the risky — and costly — arena of securities litigation, teaming up with plaintiff's attorneys to troll for clients who claim that broker-dealers wronged them when they bought auction rate securities.
Faced with an increasingly global market in which the United States plays a diminished role, asset management companies must rethink how they approach investing.
American International Group Inc. has been hit with $13 billion in write-downs over the past year stemming from the securities lending accounts of 12 of its insurance units.
Being a contrarian and seeking out companies that other managers ignore could be the key to a successful strategy, said asset managers.
A Morningstar platform for advisers will offer a portfolio analysis feature, and E*Assist is offering form generation.
Confidence among U.S. consumers continued to erode in June as Americans prepared to deal with a still-worsening economy in the months and years ahead.
Fred Alger Management Inc. of New York is consolidating all of the open-end mutual funds under the Alger brand.
LMP Corporate Loan Fund Inc., a closed-end fund from Legg Mason Inc., today announced plans to “restructure” the fund’s leverage and add liquidity.
