An initial public offering of AIA on the Hong Kong stock exchange is planned for later this year. In March, a plan to sell AIA to Britain's
The report of the AIA deal comes in the wake of other transactions intended to help AIG repay the Federal Reserve Bank of New York and the U.S. Treasury for financial assistance provided during the financial crisis.
Last week, AIG and New York-based
Separately, New York-based
A report from the industry tracking-firm DeVoe & Co. finds that 2026 is off to the strongest start for RIA acquisitions ever and broker-dealers like LPL are among the main purchasers.
While the megabank had previously announced an executive shakeup, it revealed that Pershing is part of a newly combined business line moving forward.
When it comes to compensation, firms really start to distinguish themselves at the $1 million production level. Janney has become one of the lower payers in recent years, while RBC and UBS have signaled a greater willingness to work with these advisors.
CEO Brian Moynihan said the firm recruited twice the number of advisors it did a year ago and is making progress fighting advisor attrition.
Behavioral finance expert Tim Maurer shares how planners can adjust their language and approach to help clients move toward their goals.
Chief Financial Officer Sharon Yeshaya says financial advisors have $400 billion in assets since 2020 from clients who first came to Morgan Stanley either through its workplace or E-Trade businesses.
