Advisor Group
Advisor Group is an Independent Broker-Dealer as of May 2016 as the result of AIG's sale of Advisor Group to Lightyear Capital LLC, a private equity firm specializing in financial services investing, and PSP Investments. With its headquarters in Phoenix, AZ, it is the largest network of independent broker-dealers in the U.S.A., with over 6,000 registered representatives, many of whom are also investment advisors.[1] There are four separate broker-dealers that constitute Advisor Group: SagePoint Financial based in Phoenix, AZ; Royal Alliance in New York; FSC Securities Corporation located in Atlanta, GA; and Woodbury Financial Services located in Oakdale, MN.
The CEO of AIG Advisor Group was Erica McGinnis. The interim CEO of the independent company, now called Advisor Group, is Valerie Brown.