Two private-equity firms close in on AIG Advisor Group - Investment News
As expected, Private Equity has come in to break the logjam in deal activity for the Broker-Dealer space hopefully ending the paralysis that has set in. Once the price gets fixed on this deal, expect many more to follow setting the stage for widespread industry consolidation as we head towards year end. It will be interesting to watch this along with re-regulation as the entire landscape of the retail financial services business changes.
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