AIG Advisor Group for Sale: Who’s Likely to Buy It?
November 17, 2015 By Janet Levaux, ThinkAdvisor With Cetera also up for grabs, who could pounce on the latest IBD to hit the market? News of the possible sale of yet another large group of independent broker-dealers emerged Tuesday, when AIG disclosed that it had been contacted by parties with interest in its Advisor Group. “AIG is conducting a strategic review of all its priorities as part of its stated goal of focusing on its core services and reducing the complexity of its business. This effort includes a review of the benefits associated with its ongoing ownership of a network of broker-dealers, and we have received several inquiries regarding its Advisor Group business,” according to an AIG statement shared with ThinkAdvisor on Tuesday. “AIG values the Advisor Group franchise, and any possible actions taken will...