Treasury Sells Remaining AIG Shares, Profiting From Bailout
The Treasury Department on Tuesday sold its remaining 16% of AIG common shares for $7.6 billion, putting an end to the government’s 50-month shotgun financial tryst with the global insurer.
Prudential’s LGBT Program Earns Top Honors
For the 12th year in a row, Prudential has earned top honors for diversity practices from Human Rights Campaign particularly for its commitment to programs and practices that support the inclusion of LGBT employees.
Advising the Primary Breadwinner: Working With Women
Ample research has been done on the differences in financial behavior between men and women, and today, many financial advisors who are incorporating behavioral finance principles in their practices are taking note of these elements.
New Hire Roundup: Aberdeen Adds NYC Office
This week in new hires, MFS Investment Management welcomed Philip Stewart and promoted David Bryant; Leslie Voth was named CEO at Pitcairn; and Michael Millman joined U.S. Bank’s Private Client Reserve in San Francisco.
Former TD Waterhouse Exec Petrilli Named E*Trade CEO
The chairman of the discount brokerage firm assumes the interim CEO role following the departure of Steven Freiberg.
New Hire Roundup: Casares Joins Genworth; Stratos Adds Three
This week in new hires, Rico Casares joined Genworth Wealth Management, and Stratos Wealth Partners welcomed three advisors to two new offices.
Top 7 Richest Stadium Naming Deals by Financial Services Firms
Stadiums and arenas used to be named to match the owners’ outsize egos or for some geographic locale or noble idea that resonated with fans—Comiskey Park, Candlestick Park, Boston Garden. Many are now named to match the owners’ growing thirst for cash.
New Prudential Website Focuses on Guaranteed Income
Prudential Retirement, a subsidiary of Prudential Financial, announced on Monday the launch of a new website to address retirement income needs.
New Hire Roundup: Seilers Join Raymond James and Williams Moves Up, Carson Wealth Launches RIA
This week in new hires, the Seiler brothers went to Raymond James, while Greg Williams was named to a new position there; Carson Wealth Management launched its own RIA; and Aaron Cooper and Richard Perkins went to Putnam.
IRI CE Annuity Platform Attracts Major Carriers
‘Painless’ solution for completing NAIC annuity suitability requirements popular with companies.