AIG has sold its Advisor Group broker/dealers to Lightyear Capital, a private equity firm, and PSP Investments, a Canadian pension fund investment manager, the insurer announced Tuesday morning. The deal is expected to close in the second quarter...

After just two months in the role, Larry Roth has stepped down from his role as CEO of RCS Capital (RCAP), the struggling parent of Cetera Financial Group that plans to file a prearranged Chapter 11 bankruptcy by the end of the month...

MetLife announced plans Tuesday to split off its U.S. retail operations, which include its broker/dealer and advisory operations, as well as life insurance, variable annuities and property-casualty units...

RCS Capital (RCAP) said Monday it intends to file for prearranged Chapter 11 bankruptcy by the end of the month and has negotiated a $150 million investment from its lenders to keep Cetera Financial Group’s doors open. Once RCAP emerges from...

Just a day after Moody’s downgraded its debt, RCS Capital said it will shut down its wholesale broker/dealer business to focus on the retail brokerage business Cetera Financial Group...

Moody’s Investors Service on Tuesday downgraded RCS Capital's (RCAP) corporate credit rating from B3 to Caa1 with a negative outlook. Moody’s cited the firm’s diminished ability to pay down its debt from ongoing...

RCS Capital (RCAP) has appointed Mason Allen as its new general counsel, taking over for James Tanaka immediately...

The New York Stock Exchange plans to delist RCS Capital (RCAP) common stock if the firm doesn’t get its stock price up, according to the firm. Companies listed on the exchange must keep their average closing price per share above $1 for ...

Private equity asset manager Apollo Global Management said Monday it has tweaked its previously announced deal to buy the wholesale broker/dealer business of RCS Capital, which includes a wholesale distribution arm and retail advice division, for ...

Whether or not you remain wholly independent or align your business with a larger network of firms, here are four key elements for success.