Advisor Group, Ladenburg Union Creates ‘LPL Alternative’
November 12, 2019 By Janet Levaux, ThinkAdvisor The merged entity is just starting to look at retention bonuses and other issues, Advisor Group CEO Jamie Price tells ThinkAdvisor. Advisor Group said late Monday that — as had been anticipated — it’s buying Ladenburg Thalmann. This merger brings together up to 11,500 independent advisors, nine broker-dealers. $3.5 billion in yearly revenue and $450 billion in assets. CEO’s Outlook Discussing the next steps of the deal, which should wrap up in the first half of 2020, Advisor Group President and CEO Jamie Price was cautiously noncommittal when asked about any retention bonuses for the Ladenburg-affiliated reps. “There is not a ready answer for that today,” he said in an interview early Tuesday. “First, the merger involves no putting of Advisor Group firms into Ladenburg firms [or] Ladenburg firms into Advisor...