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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 paid Advisor Group $300,000 per year.

United statesKen brownScott silverVenerable holdingsAdvisor groupAnnuity coVenerable holdings incVoya financial incAdvisor group incVoya insuranceReverence capital partnersVoya financialDirected servicesVenerable insuranceApollo global managementCrestview partners