Friday, February 14, 2020
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| Milton Berlinski |
Gladstone Place Partners represents Reverence Capital Partners as its Advisor Group investment completes the acquisition of Ladenburg Thalmann Financial Services of Miami.
Phoenix-based AG is the nation's largest network of independent wealth managers. The closing of the LTFS deal augments its 11,300 financial advisors and $450B in client assets under management.
Milton Berlinski, RCP co-founder & managing partner, said the AG/LTFF combination creates "one of the most robust platforms in the wealth management industry."
LTFS' five independent advisory and brokerage firms will retain their identities to reflect AG's commitment to a multi-brand network model.
Gladstone founder Steve Lipin and senior VP Michael Flaherty represent RCP.
LTFS is using Sard Verbinnen & Co. staffers Jared Levy, Emily Claffey and Benjamin Spicehandler.