Ladenburg Thalmann Money Companies has introduced that its subsidiary, Highland Money Brokerage, has obtained specific assets of Four Seasons Economical Team (FSFG), an unbiased insurance coverage and annuity distribution corporation primarily based in New Jersey.
“Ongoing demographic shifts and escalating setting up complexities affiliated with noticeably longer ordinary lifespans make it much more very important than at any time for money advisors and establishments to get pleasure from obtain to thorough coverage and annuity remedies, along with the equipment to assistance shopper insurance coverage desires in an productive and streamlined way,” reported Richard Lampen, chairman, president and CEO of Ladenburg. “With this acquisition, we have more strengthened the Ladenburg insurance policies and annuity system in this space, though reinforcing our mission of mobilizing Ladenburg’s intellectual funds, money capital and other progress methods to deliver a remarkable stage of benefit-extra remedies for economic advisors and institutions across the nation.”
FSFG, established in 1993 by James J. Sorebo, is a nationwide distributor of annuities, everyday living insurance coverage, hybrid lengthy-term treatment insurance policies solutions and product or service design with a target on the institutional marketplace. The acquisition is expected to increase and deepen the companies made available by Ladenburg’s insurance and annuity system, while growing its existence in the institutional phase by means of FSFG’s current promoting agreements with more than 200 banking companies and unbiased broker-dealers, as nicely as with other corporations symbolizing more than 5,000 economical advisors.
Underneath the terms of the acquisition, the FSFG staff will proceed to work from its existing headquarters in Marlton, N.J., as portion of Highland. Sorebo will grow to be aspect of the Highland administration staff.
“We are thrilled to welcome FSFG to Highland Money Brokerage and the broader Ladenburg relatives,” said Highland CEO Jim Gelder. “Jim Sorebo is an proven and really very well-revered chief in our market, and his knowledge and eyesight will deliver considerable benefits to our management team.”
“We are thrilled to announce this asset acquisition by Highland Funds Brokerage and to turn into section of the Ladenburg insurance policy and annuity system,” Sorebo explained. “Highland’s present small business is highly complementary to ours, although the Highland and Ladenburg team’s vision for continuing to prolong their leadership in these important markets is a excellent suit with our growth strategy.”