Advisor Group, the IBD owned by AIG, laid off employees this week. Sources outside the company said the lion's share of the layoffs came from Woodbury Financial Services.
If designation holds, firms will be subject to Fed oversight, stricter control
Interest rate spikes are looming threats to stock investors, as they could lead to higher capital costs and cut corporate margins and profits as many companies continue to suffer through sluggish sales.
Too-big-too-fail giants get loan discounts due to perceived government support; taxpayer subsidy worth $83B
New offering opens up access to insurance brokerages offering annuities, disability, long-term care.
Advisers need to break through the "cognitive dissonance" of clients.
Insurer has axed 2,500 reps in the past year.
