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The deal was later called off after negative Prudential shareholder reaction. [11] After the deal failed to go through, AIG announced plans to acquire American General for $23 billion in stock. [12] American General would continue to operate under AIG as their life insurance and retirement services subsidiary.
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The number of "401(k) ... At the same time, only 1 in 5 people who are 55-years-old have $447,000 or more saved for retirement, according to Prudential Financial data.
Over 20% of the wealthiest families in the United States are clients of the company's wealth management division. It provides personal trust, investment management, custodian bank, and philanthropic services, financial consulting, guardianship and estate administration, qualified retirement plans and private and business banking.
Prudential Securities, formerly known as Prudential Securities Incorporated (PSI), was an American financial services arm of the insurer, Prudential Financial. In 2003, Prudential Securities was merged into Wachovia Securities , a division of Wachovia Bank .
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