trending Market Intelligence /marketintelligence/en/news-insights/trending/k1_kMGUtHkW5GBd5K5hVCA2 content esgSubNav
In This List

AIG completes sale of adviser network


Banking Essentials Newsletter: September Edition, Part - 2

Case Study

A Prestigious Global Business School Gains a Competitive Edge


S&P Capital IQ Pro | Unrivaled Sector Coverage


S&P Capital IQ Pro | Powering Your Edge

AIG completes sale of adviser network

American InternationalGroup Inc. has completed the sale of its adviser business to funds affiliatedwith private equity firm LightyearCapital LLC and PublicSector Pension Investment Board.

The dealwas announced Jan. 26 as part of the insurance giant's plan to shed assets and becomeleaner.

AIG Adviser Group has more than 5,200 independent advisers and800 full-time employees. The business includes the brokers FSC Securities Corp., Royal Alliance Associates Inc., SagePoint Financial Inc. and Woodbury Financial Services Inc.