Ladenburg Thalmann Financial Services acquires Highland Capital Brokerage

08/01/2014 11:30 AM

08/01/2014 11:30 AM

Miami-based Ladenburg Thalmann Financial Services said Friday that it has acquired Highland Capital Brokerage, an insurance brokerage firm that sells life insurance, annuities and long-term care insurance to investment and insurance providers.

Ladenburg said it paid $42 million for the Birmingham, Alabama-based company, through a combination of cash and stock. Highland’s chief executive and senior management team will continue to operate Highland as a standalone business.

Ladenburg Thalmann, a publicly-traded diversified financial services company also owns subsidiaries Securities America, Triad Advisors, Investacorp, Premier Trust, Ladenburg Thalmann Asset Management and the 135-year-old NYSE member investment bank, Ladenburg Thalmann & Co. The company’s principal shareholder and chairman is is Dr. Phillip Frost.

Join the Discussion

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.

Terms of Service