Ladenburg Thalmann Financial Services Inc. announced Monday it will acquire Premier Trust Inc. to boost access for its financial advisors to trust services and to expand its commitment to its independent broker-dealer platform.
Ladenburg is buying the Nevada-chartered trust company, which offers wealth management services, estate and financial planning, custody and investment services, from Western Alliance Bancorporation. The price of the deal was not disclosed. Premier is a based in Las Vegas and has more than $520 million of assets under administration.
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