Advanced Capital completes purchase of broker-dealer Lake Forest Securities

08/22/2014 3:11 PM

08/22/2014 3:12 PM

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.

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