Milton Berlinski
Milton Berlinski

Gladstone Place Partners represents Reverence Capital Partners as its Advisor Group investment completes the acquisition of Ladenburg Thalmann Financial Services of Miami.

Phoenix-based AG is the nation's largest network of independent wealth managers. The closing of the LTFS deal augments its 11,300 financial advisors and $450B in client assets under management.

Milton Berlinski, RCP co-founder & managing partner, said the AG/LTFF combination creates "one of the most robust platforms in the wealth management industry."

LTFS' five independent advisory and brokerage firms will retain their identities to reflect AG's commitment to a multi-brand network model.

Gladstone founder Steve Lipin and senior VP Michael Flaherty represent RCP.

LTFS is using Sard Verbinnen & Co. staffers Jared Levy, Emily Claffey and Benjamin Spicehandler.