M and A

Ladenburg Thalmann Acquires Las Vegas Trust Firm

Wendy Spires Group Deputy Editor London September 3, 2010

Ladenburg Thalmann Acquires Las Vegas Trust Firm

The Miami-headquarted broker-dealer Ladenburg Thalmann Financial Services has acquired Las Vegas-based Premier Trust in order to bolster its offering to include trust services. Terms of the deal were not disclosed.

Premier, which was founded in 2001, has around $530 million in assets under administration, providing services including retirement, income and estate tax planning, asset protection and succession planning.

“This is an important strategic step for Ladenburg as we continue to increase the products and services we offer our clients through our independent broker-dealer platform,” Richard Lampen, Ladenburg’s president and chief executive, said of the acquisition.

Following the acquisition, Premier’s management will continue to be based in the firm’s Las Vegas headquarters, Ladenburg said in a statement.

Robert Bruderman, who is a member of Ladenburg’s management committee and one of the founders of Premier, as well as of Ladenburg’s Triad Advisors subsidiary, will serve as Premier’s chairman of the board.

Register for FamilyWealthReport today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes