| Business Summary | | Liberty
Financial
Companies,
Inc.
is
an
asset
accumulation
and
management
company.
The
Company
has
two
core
product
lines,
retirement-oriented
insurance
products
and
investment
management
products.
Retirement-oriented
insurance
products
consist
substantially
of
annuities.
Investment
management
products
in
2000
consisted
of
mutual
funds,
private
capital
management
and
institutional
asset
management.
Liberty
Financial
sells
its
products
through
multiple
distribution
channels.
The
Company
distributes
its
products
through
all
the
major
third-party
intermediary
channels,
including
national
and
regional
brokerage
firms,
banks
and
other
depository
institutions,
financial
planners
and
insurance
agents.
On
November
1,
2000,
the
Company
announced
that
it
had
retained
the
investment-banking
firm
of
Credit
Suisse
First
Boston
Corporation
to
review
its
strategic
alternatives,
including
a
possible
sale
of
the
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Liberty
Financial
Companies
is
an
asset
accumulation
and
management
company
providing
investment
management
products
and
retirement-oriented
insurance
products
through
multiple
distribution
channels.
For
the
six
months
ended
6/30/01,
revenues
increased
1%
to
$676.4
million.
Net
income
applicable
to
Com.
before
accounting
change
fell
91%
to
$6.2
million.
Revenues
reflect
increased
investment
income.
Earnings
were
offset
by
a
$40.2
million
special
compensation
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY1999
Compensation | | Pay | Exer | |
| Edmund Kelly, 54 Chairman | -- | -- | Gary Countryman, 60 Pres,
CEO, Director | -- | -- | Stephen Gibson, 46 Pres
of Liberty Funds Group | $1.3M | -- | Philip Polkinghorn, 42 Pres
of Keyport Life Insurance Company | 1.5M | -- | C. Merritt, Jr., 59 COO | 1.2M | $205K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|