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New York (PRWEB) August 08, 2023 -- HHAeXchange, a leading provider of homecare management solutions for providers, managed care organizations (MCOs), and
/PRNewswire/ -- Venerable is pleased to announce the promotions of two Finance colleagues, Richard Gelfand and Scott Horenziak. Gelfand, a newly named Vice...
What You Need to Know Advisor Group alleges Venerable breached the terms of a marketing agreement between the firms. Private equity firm Reverence Capital Partners is a majority owner of Advisor Group and a part owner of Venerable. The broker-dealer is seeking at least $900,000 in compensatory damages. Advisor Group is seeking at least $900,000 from Venerable Insurance and Annuity Co. and Directed Services, alleging the variable annuity firm and its affiliate breached the terms of a marketing and support agreement by abruptly terminating the deal and payments made to the broker-dealer under t...
In Advisor Group lawsuit, the right hand is suing the left The independent broker-dealer, backed by Reverence Capital Partners, is suing an annuity company owned, in part, by the same private equity firm. April 21, 2021 2 MINS It’s a tale perhaps only possible in an era when the financial services industry is awash in private equity money: A large network of broker-dealers, Advisor Group Inc., is claiming in a lawsuit that an annuity manufacturer, the former Voya Insurance and Annuity Co., is in breach of contract and has turned its back on a marketing agreement that p...