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In Reply to: WFG & Aegon posted by L-Dogg on April 11, 2001 at 13:13:40:
Aegon would buy WFG because WFG distributes products. Aegon would want to profitably increase its distribution of products.
Companies like WFG cost parent companies little to nothing to run - they are pure money makers. THe big risk they run however, is that WFG may incur huge legal liabilities through the use of questionable sales practices. This was the case with WFG when it was WMA years ago.
Aegon's interest is increasing profits through WFG product distribution. They must feel that the legal risks taken in purchasing WFG are commensurate with the profit to be had by having WFG distribute product for them.
It's just business.