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Advisor Group Tag

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Advisor Group, Cetera Financial seen as potential buyers of Ladenburg Thalmann

16:18 03 November in In the News by rafferty

November 1, 2019 By Bruce Kelly, Investment News Ladenburg should command a price of at least $1 billion, based on its enterprise value Advisor Group and Cetera Financial Group, along with a private-equity investor, are the likely buyers of Ladenburg Thalmann Financial Services Inc., according to several industry sources, with the value of the brokerage network and its 4,400 financial advisers estimated to be at least $1 billion. Ladenburg Thalmann is currently working with an adviser to weigh potential offers. Bloomberg News reported Friday afternoon that Ladenburg is in talks with Advisor Group, citing "people familiar with the matter." Several industry executives pointed to Advisor Group and Cetera Financial as good fits for Ladenburg Thalmann's network of five independent broker-dealers. Advisor Group and Cetera operate similar businesses with stand-alone broker-dealers that use multiple clearing firms for...

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Small Producers at Advisor Group Won’t Get Retention Bonuses

21:09 07 August in In the News by rafferty

August 7, 2019 By Diana Britton, WealthManagement.com Details have emerged about the broker/dealer network’s retention packages, which include five-year lockups for advisors with over $600,000 in production—and nothing for sub-$250,000 producers. Diana Britton | Aug 07, 2019 Private equity firm Reverence Capital Partners completed its acquisition of independent broker/dealer network Advisor Group last Friday, and the firm has started to offer retention deals to some of the network’s 7,000 advisors. There are three components to what the firm is calling its Advisor Appreciation Program, the first being a cash award to all advisors with over $250,000 in production and who have been affiliated with Advisor Group for at least year at the close of the sale to Reverence, according to a source familiar with the program. Advisors with $250,000 to $300,000 in production will get...

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How Advisor Group’s deal for Signator could reshape the IBD space

15:39 26 June in In the News by rafferty

June 25, 2018 By Tobias Salinger, Financial Planning Advisor Group’s second acquisition of the year carries the potential to make it bigger than any other independent broker-dealer network, while pushing its largest subsidiary into the top 10 firms in the space. Some major questions loom over the success of the deal, though. The private equity-backed network unveiled its plans on June 21 to buy Signator Investors from the insurance giant John Hancock and fold it into the largest Advisor Group subsidiary IBD, Royal Alliance Associates. Neither party disclosed the terms of the deal, which is a full stock-purchase agreement expected to close in the fourth quarter. “We’ve spent a great deal of time building our company internally,” Advisor Group CEO Jamie Price says. “Acquisitions come along when they come along, and we pass on more...