The deal brings another 3,200 advisors to the nation’s largest independent broker/dealer, and it’s the latest in a trend of insurance firms exiting the b/d business.
Executives downplayed talks of spinning off John Hancock, calling them market speculation.
The above-the-fold headlines touting, “Consumers are making better choices,” have yet to be published.
The courts will wait until the Trump administration weighs in on the designation.
They may not be best for the 40-and-over crowd.