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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 the pact.
In a complaint filed against Venerable and Directed Services in U.S. District Court for the Eastern District of Pennsylvania, Advisor Group said that, on or about Aug. 31, 2015, the defendants entered into a letter agreement with the BD under which Advisor Group would provide marketing services and support to Venerable and Directed Services for certain insurance products.