Highland provides specialized point-of-sale support along with marketing and creative estate and business planning techniques, delivering customized insurance solutions to both institutional clients and independent producers.
According to a release from the company, Ladenburg acquired Highland for approximately
"The acquisition of Highland marks Ladenburg's entrance into the wholesale life insurance marketplace and reflects our commitment to building a strong, diversified financial services organization," stated Dr.
"We have tremendous respect and admiration for the business that Highland has built and the caliber of professional that makes up their outstanding management team and principals," said Ladenburg President and Chief Executive Officer
"Ladenburg's commitment to preserving the management and culture of the firms it acquires affords us the flexibility to continue operating our business with no disruption to our firm principals, employees, clients or customers and presents exciting opportunities for all of our stakeholders," Gelder said. "With the support of a publicly-traded parent company, we will be better positioned to deliver a greater breadth and quality of services, particularly to our institutional clients and independent insurance producer partners."
Graubard Miller served as legal counsel for Ladenburg in the transaction, and
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