Advanced Capital completes purchase of broker-dealer Lake Forest Securities

 

icordle@MiamiHerald.com

Advanced Capital Securities, a Miami-based investment bank that focuses on emerging companies and institutional and individual investors in Latin America, said Friday that it completed the purchase of Lake Forest Securities LLC. The Chicago-based broker-dealer specializes in high-grade corporate fixed income securities and municipal bonds. Lake Forest Securities, which operates in Illinois, Ohio, Wisconsin, Michigan, Texas and Florida, will now operate under the name AdCap Securities.

With the acquisition, Advanced Capital said it will expand its U.S. client base and broaden its product offerings and research capabilities for its international clients, primarily in Latin America. Advanced Capital has brokerage, capital markets and asset management operations in Argentina, Uruguay and Peru.

The company said the acquisition is another key piece in its regional capital markets strategy. In February, Advanced Capital acquired Latmark Asset Management LLC, a boutique investment advisor based in Miami.

Read more Business stories from the Miami Herald

Miami Herald

Join the
Discussion

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category