Bringing you live news and features since 2006 

Ladenburg Thalmann to acquire Premier Trust


Ladenburg Thalmann Financial Services has reached a definitive agreement to acquire Premier Trust, a provider of wealth management services including trust administration, estate and financial planning, custody and investment services, from Western Alliance.

Terms of the transaction were not disclosed.

Founded in 2001, Premier is a Nevada-chartered trust company headquartered in Las Vegas, Nevada, with assets under administration in excess of USD520m.

Working in combination with a client’s other legal and professional advisers, Premier professionals assist with every aspect of planning, including retirement, income and estate taxes, succession of the family business, transferring assets to future generations and asset protection.

Upon completion of the transaction, Mark Dreschler, Premier’s president and chief executive officer, and the rest of Premier’s management team will continue to operate Premier out of its Las Vegas, Nevada headquarters.

Robert Bruderman, a member of Ladenburg’s management committee and one of the founders of Ladenburg’s Triad Advisors subsidiary, will serve as chairman of the board of Premier.

"The addition of Premier will allow Ladenburg’s network of independent financial advisers to have unparalleled access to a broad array of trust services," says Dr. Phillip Frost, chairman of the board of Ladenburg. "This transaction demonstrates Ladenburg’s ongoing commitment to expanding its independent broker-dealer platform and increasing the products and services we offer our growing client base."

"We are thrilled to become part of Ladenburg," adds Dreschler. "This transaction will significantly enhance the opportunities to expand Premier’s business while continuing to allow us to provide our customers with the highest level of personal attention and service."

The transaction, expected to close in the second quarter of 2010, is subject to customary closing conditions, including regulatory approval. Approval by Ladenburg’s shareholders is not required.

Latest News

After a remarkably difficult 2022, fixed-income funds look to be back in favour with Europe’s investors as inflation fears begin..
CoinShares has announced the addition of two physically-backed Index ETPs to their growing range of crypto ETPs listed on Germany’s..
Just the two European launches this week with Fidelity bringing us a global government bond climate aware UCITS ETF and..
Ten new ETF solutions were launched for the week, each with a distinct value proposition for investors.  Detailed below are..

Related Articles

Vishal Kapoor, Bandhan Mutual Fund
ETF Express reported on a couple of ETF launches in India over the last couple of weeks, including the new...
ETF Awards
We are very pleased to bring you the winners in the 13th outing of the ETF Express European ETF Awards,...
Off the Record Episode 1
ETF Express is pleased to announce the launch of Off the Record, a new podcast series, in partnership with Truss...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by