American International Group has arranged for BlackRock Inc. to manage up to $60 billion of AIG’s global investment portfolio and up to $90 billion of its life and retirement investment portfolio. The arrangement involves certain liquid fixed income and private placement assets.
In addition, BlackRock’s Aladdin platform will provide investment management technology.
For the life and retirement business, the partnership creates strategic and operating flexibility “as we reposition the business to be a standalone company,” Peter Zaffino, AIG’s chairman and CEO, said in a release.
AIG announced last year that it planned to spin off its life and retirement unit.
The advisor both prices FSK's private loans and gets paid on those prices, the suit claims
The proposal would end decades of paper-first delivery rules, but keeps a paper opt-out and draws early praise from fund and annuity industry groups.
The Trump accounts are “generationally changing” and bring financial literacy to youth, said IRS chief Frank Bisignano.
The Kansas-based RIA giant's latest purchase extends a run of specialized acquisitions that has defined its growth strategy through 2026.
Deal adds a $299 million tax-and-wealth practice as the RIA aggregator advances acquisition strategy around integrated financial and tax planning.
Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains
Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income
