TITLE

Lightyear Buying ING Adviser Network

AUTHOR(S)
Ackermann, Matt
PUB. DATE
November 2009
SOURCE
American Banker;11/4/2009, Vol. 174 Issue 200, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the New York private-equity firm Lightyear Capital Limited Liability Company has announced that it will buy the ING Advisor Network and its Financial Network Investment Corporation, Multi-Financial Securities Corporation, and PrimeVest Financial Services Incorporated. The chief executive of ING Advisor Network, Valerie Brown, is to remain in her position. Lightyear had also announced that it will inject millions of dollars into the Cascade Bancorp in Bend, Oregon.
ACCESSION #
45017356

 

Related Articles

  • Primevest Plans Expansion Under Lightyear. Stock, Howard J. // Bank Investment Consultant;Dec2009, Vol. 17 Issue 12, p14 

    The article focuses on Primevest Financial Services Inc. plan to expand their investment programs and hiring additional bank representatives in the U.S. Under Ligthyear Capital LLC, Primevest plans to focus on recruiting again and update its advisor platform. The firm is the owner of Primevest,...

  • ING Sells Broker-Dealer, Remains Committed to Growing ShareBuilder. SAMAAD, MICHELLE A. // Credit Union Times;11/11/2009, Vol. 20 Issue 45, p4 

    The article reports on the announcement of global financial services provider ING to sell one of its three independent broker-dealers, PrimeVest Financial Services Inc., on November 3, 2009 in the U.S. It notes that ING reached an agreement with private equity firm Lightyear Capital LLC to sell...

  • Lightyear Buys ING Advisor Network. Davis, Avram // Mergers & Acquisitions Report;11/9/2009, Vol. 22 Issue 45, p16 

    The article reports on the acquisition deal entered into by private equity firm Lightyear Capital of New York to purchase ING Advisor Network and three affiliated broker-dealers. They include PrimeVest Financial Services Inc., Multi-Financial Securities Corp. and Financial Network Investment...

  • Cascade Reports Loss, Capital Plans. Barba, Robert // American Banker;11/2/2009, Vol. 174 Issue 198, p12 

    The article describes Cascade Bancorp's third-quarter 2009 financial loss of $12.6 million. Cascade announced that Lightyear Capital would invest 40 million dollars into the company, leaving it to raise an additional 85 million dollars through a public offering. According to the article the...

  • ReliaStar's PrimeVest tries to control damage from exits by top 3. Garmhausen, Stephen // American Banker;2/9/1998, Vol. 163 Issue 26, p8 

    Focuses on PrimeVest Financial Services, which is trying to reassure vendors and bank clients after the resignation of its top three executives. Circumstances surrounding the resignation of the executives; Identification of the executives; Comments from Industry observers.

  • Investors who spun mutual funds (but buy stocks) seen as overlooked. Talley, Karen // American Banker;10/19/1993, Vol. 158 Issue 200, p12 

    Reports on Primevest Financial Services' focus on offering stocks and bonds to narrow segment of their customer base while delivering mutual funds and annuities to a broader group. Comments of Primevest president Stephen Fischer on opportunities overlooked by banks in their rush to make mutual...

  • Louis F. Conti joins PrimeVest at Ulster Savings Bank.  // Hudson Valley Business Journal;1/4/2010, Vol. 20 Issue 1, p10 

    The article announces that Louis F. Conti has joined PrimeVest Financial Services Inc. as an investment executive at Ulster Savings Bank.

  • Free Social Security workshop May 3 or June 16.  // Hudson Valley Business Journal;4/25/2011, Vol. 22 Issue 17, p12 

    The article offers information on the free educational workshop entitled "Savvy Social Security Planning: What Baby Boomers Need to Know to Maximize Retirement Income," offered by PrimeVest Financial Services Inc., to be held at Kingston, New York on May 3 and June 16, 2011.

  • PrimeVest Launches Assessment Tool. Correia, Margarida // American Banker;8/7/2012, Vol. 177 Issue 121, p6 

    The article reports on the third-party marketing company PrimeVest Financial Services' Program Optimizer, an online calculator that evaluates the performance of financial institutions' investment programs using industry data.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics