Advisor Group

rdf:langString Advisor Group

rdf:langString Advisor Group

rdf:langString Advisor Group

rdf:langString Brokerage firm

rdf:langString Valerie Brown

rdf:langString Jamie Price ,

rdf:langString Advisor Group is an Independent Broker-Dealer as of May 2016 as the result of AIG's sale of Advisor Group to Lightyear Capital, a private equity firm specializing in financial services investing, and PSP Investments. Lightyear Capital sold Advisor Group to Reverence Capital Partners in August 2019. With its headquarters in Phoenix, Arizona, it is one of the largest network of independent broker-dealers in the US, with over 6,000 registered representatives, many of whom are also investment advisors. There are four separate broker-dealers that constitute Advisor Group: SagePoint Financial based in Phoenix, AZ; Royal Alliance in New Jersey; FSC Securities Corporation located in Atlanta, GA; and Woodbury Financial Services located in Oakdale, MN. The CEO of Advisor Group is Jamie Price and the chairman is Valerie Brown. In 2019, Advisor Group acquired Ladenburg Thalmann Financial Services valued at $1.3 billion. The deal closed in the first half of 2020.