AIG Advisor Group to consolidate units

The largest B-D network will fold American General Securities of Houston into AIG Financial Advisors of Phoenix.
JUL 17, 2007
By  Bloomberg
More consolidation will take place among the broker-dealers of the AIG Advisor Group. The largest independent-contractor broker-dealer network said on Monday it was folding American General Securities Inc. of Houston into AIG Financial Advisors Inc. of Phoenix. The integration, which requires the approval of NASD of Washington, is expected to be completed during the second quarter of next year. AIG Advisor Group has about 7,800 affiliated registered representatives. AIG Financial Advisors has a history of roll ups, and American General joined the AIG Advisor Group in 2006. After the consolidation the network will have four broker-dealers. James R. Cannon will remain president and CEO of AIG Financial Advisors.

Latest News

Integrated Partners, Kestra welcome multigenerational advisor teams
Integrated Partners, Kestra welcome multigenerational advisor teams

Integrated Partners is adding a mother-son tandem to its network in Missouri as Kestra onboards a father-son advisor duo from UBS.

Trump not planning to fire Powell, market tension eases
Trump not planning to fire Powell, market tension eases

Futures indicate stocks will build on Tuesday's rally.

From stocks and economy to their own finances, consumers are getting gloomier
From stocks and economy to their own finances, consumers are getting gloomier

Cost of living still tops concerns about negative impacts on personal finances

Women share investing strengths, asset preferences in new study
Women share investing strengths, asset preferences in new study

Financial advisors remain vital allies even as DIY investing grows

Trump vows to 'be nice' to China, slash tariffs
Trump vows to 'be nice' to China, slash tariffs

A trade deal would mean significant cut in tariffs but 'it wont be zero'.

SPONSORED Compliance in real time: Technology's expanding role in RIA oversight

RIAs face rising regulatory pressure in 2025. Forward-looking firms are responding with embedded technology, not more paperwork.

SPONSORED Advisory firms confront crossroads amid historic wealth transfer

As inheritances are set to reshape client portfolios and next-gen heirs demand digital-first experiences, firms are retooling their wealth tech stacks and succession models in real time.