Specializing in point-of-sale support as well as advanced marketing and creative estate and business planning techniques, Highland Capital caters to life insurance, annuities and long-term care solutions for both institutional clients and independent producers.
The acquisition of Highland will provide Ladenburg’s independent advisors — affiliated through subsidiaries Securities America, Triad Advisors and Investacorp – improved access to quality insurance solutions, enhancing the products and services they can deliver to their clients.
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Commenting on the deal, Ladenburg’s chairman of the board and principal shareholder Dr. Phillip Frost said: "The acquisition of Highland marks Ladenburg’s entrance into the wholesale life insurance marketplace and reflects our commitment to building a strong, diversified financial services organization."
The deal will enable Highland in hiring additional senior sales professionals, accelerating technology and infrastructure upgrades, providing greater training and development for its sales teams, and capitalizing on opportunities in new markets.
Ladenburg president and CEO Richard Lampen said: "We are committed to building a partnership with Highland’s management and principals to accelerate the firm’s growth and amplify their culture.
"This acquisition marks an important step in our expansion into this higher-margin, attractive wholesale distribution channel."
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By GlobalDataGraubard Miller was hired to act as legal counsel for Ladenburg, while Sirote & Permutt, PC served as legal counsel for Highland.
