Ladenburg Thalmann Financial Services has completed its acquisition of Premier Trust, a provider of wealth management services.
Headquartered in Las Vegas, Nevada, Premier Trust had assets under administration of approximately $530m.
Ladenburg Thalmann said Premier, and the rest of Premier’s management team will continue to operate Premier out of its Las Vegas, Nevada headquarters.
Robert Bruderman, a member of Ladenburg’s Management Committee and one of the founders of Premier and of Ladenburg’s Triad Advisors subsidiary, will serve as chairman of the board of Premier.
Ladenburg board chairman Phillip Frost said that the addition of Premier further differentiates Ladenburg and provides the company’s growing network of independent financial advisers with unparalleled access to a broad array of trust services for clients.