Ladenburg Thalmann Financial Services announced Thursday that it completed its previously announced deal for Premier Trust, a Las Vegas-based firm with $530 million assets under management.
Premier provides wealth management services, including trust administration, estate and financial planning, custody and investment services. Founded in 2001, the trust company works with a client’s other legal and financial advisors to assist with retirement, income and estate taxes, family business succession and transferring family assets.
Premier will continue to operate out of Las Vegas and Mark Dreschler, president and CEO, will stay on in the same role. Robert Bruderman, a founder of Premier and or Ladenburg’s Triad Advisors subsidiary, will serve as chairman of the board of Premier. Dreschler is also a member of Ladenburg’s Management Committee.
Richard Lampen, president and CEO of Miami Lakes, Fla.-based Ladenburg, said in a statement that the acquisition will help the firm increase the products and services offering through its independent broker-dealer platform.
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