SunAmerica Financial Group, the life and retirement business of American International Group (AIG), has signed a definitive agreement with The Hartford Financial Services Group to acquire Woodbury Financial Services, an independent broker-dealer.

AIG says that, once the transaction is finalized, Woodbury will become part of the SunAmerica Financial Group’s Advisor Group, a network of independent broker-dealers. Patrick H. McEvoy will continue to serve as Woodbury’s president and CEO, reporting to Larry Roth, president and CEO of Advisor Group.

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