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Nationwide, AIG see huge gains in fixed indexed annuity sales; Allianz and Security Benefit flounder
Nationwide's sales jumped 460% in 2015 as a new product and distribution partnership has begun to bear fruit.
Carl Icahn calls for AIG to split itself up into three companies
The billionaire activist investor said busting up conglomerate would limit regulation, which he calls a 'tax on size.'
Glut of IBDs for sale creating a buyer’s market, putting pressure on prices
Black Friday sales come early for buyers of independent broker-dealers as a slew of available firms puts pressure on prices.
New owner of AIG Advisor Group may be announced Tuesday
Lightyear mentioned as likely acquirer. Call set for 8 a.m. Tuesday for parent company to discuss plan to sell off non-core businesses.
AIG Advisor Group on the block
One of the largest networks of independent broker-dealers in the country recently hired a law firm, which in turn will select an investment bank to begin discussions with interested buyers, according to two sources with knowledge of the company's moves.
MetLife launches first longevity annuity for individual clients’ retirement accounts
Latest product comes as qualified longevity annuity contracts look for a place in retirement accounts.
Broker-dealers face administrative hurdles in rollout of QLAC annuity
Confusion remains over who ensures the contract purchase meets Treasury's guidelines.
Cash-heavy mutual funds take downside protection to the extreme
Breakfast with Benjamin: Some funds using cash for protection. Lots of it. Plus: Adviser charged with stealing $1.3M from widows and church friends, up from the ashes arises a new subprime giant, and Wall Street courts millennials.
Bruce Berkowitz sticks to contrarian guns as investors exit Fairholme Fund
Fund manager says buying hated stocks 'requires patience and courage of conviction.'
Broker-dealers sound off as AIG leads off with first annuity for 401(k)s
Insurance giant AIG tweaks existing deferred-income product to meet Treasury's guidelines. But will it satisfy the market? (Don't miss: Top sellers of individual annuities)
Jay Wintrob resigns as CEO of AIG Life and Retirement
He had been in contention to succeed Benmosche as head of AIG.
The Fed finds another reason to hold down interest rates
Breakfast with Benjamin: The Fed and chief Janet Yellen get more ammo to hold down rates. Plus: AIG inches back into DC lobby; why some stocks never split; and where the smart money is going
Allison Couch rejoining the AIG Advisor Group
Moving in to new position as executive VP for national sales.
Woodbury reps set to cash in: recruiters
Recruiters say management at Woodbury Financial, which is being acquired by AIG's broker-dealer, has doubled down on retention packages in a bid to keep reps in their seats.
AIG to America: Thanks — and you’ve been served!
Just days after rolling out a campaign thanking America for its bailout, AIG now says it may be forced to sue the U.S. government over -- you guessed it -- the bailout.
Benmosche: Treasury may sell remaining stake in AIG by end of the year
The U.S. Treasury Department may sell the rest of its holdings in insurer American International Group Inc. (AIG) before 2013, Chief Executive Officer Robert Benmosche said. The stock dropped as much as 4.3 percent.
After Woodbury, AIG on the prowl for more indie B-Ds
While other insurers sell off their indie broker-dealer units, AIG is buying. Indeed, Tuesday's acquisition of Woodbury Financial looks to be the first in what could be a string of deals.
AIG emerges as most likely buyer of Woodbury Financial Services
Announcement of a deal for the 1,600 reps and advisers is expected before indie B-D's national sales conference next month
AIG to buy Woodbury Financial
The Hartford Financial Services Group Inc. is selling Woodbury, which has 1,400 reps and advisers, as part of a wide restructuring.
Why Bruce Berkowitz’s bullish stance on AIG is paying off
The following is excerpted from the July issue of “No-Load Fund Analyst” newsletter published by Litman Gregory.
