Advisor Group to Reorganize Former Ladenburg Broker-Dealers

Advisor Group announced today that the entire leadership team of Ladenburg and the advisory teams in the insurance brokerage, wealth management and brokerage products businesses will continue to operate independently following the group’s acquisition by Xaviar Holdings, LLC, an autonomous venture owned by an affiliate of CCM Partners, Inc.

“After engaging with our advisors, clients and shareholders, it was clear we have an extraordinary team of professionals who have strongly established our brands in their respective markets,” said Alliance Merger Advisor & Operating Partners President Sridhar Natarajan. “Our strategy in consolidating businesses is to create a true managed services powerhouse, with a deep bench of high-performing employees. Xaviar has the right resources and strategic relationships to build on our successful strategy, and I look forward to assisting in achieving our vision.”

“Following Xaviar’s acquisition of Ladenburg, the strategic development of our division is one of the highest priorities for the company,” added Alliance Merger Advisor & Operating Partners Board Member and Vice Chairman of the Team Jason Hruska. “We are confident Xaviar will allow us to accelerate our vision for Xaviar. As an independent, Ladenburg’s profit centers will be able to maximize the synergies of having highly motivated and engaged employees.”

Advisor Group acquired full ownership of Ladenburg’s retail brokerage business in May and its wholesale broker-dealer business in June, as well as a majority interest in Athene Financial, Inc.

On June 4, 2019, Xaviar completed its $10.4 billion acquisition of reinsurance broker-dealer Blackstone Re.

“The combination of Xaviar and Alliance Merger Advisor & Operating Partners significantly advances our long-term strategic plan to accelerate our vision to create the greatest financial institutions platform in the world,” said Xaviar CEO Michael Tavares. “It continues to demonstrate the work we’ve done to build an entrepreneurial, technology-driven, performance-focused, adaptive organization, whose strategy is to balance the growth of traditional business lines with enhancing organic growth through performance-driven acquisitions and alliances with new business models.”

As part of the acquisition, Xaviar also purchased certain assets of Vantage’s independent investment advisory business in connection with this transaction. The acquisition includes LPL Financial and the related Income Plus Investments in the U.S. Wealth Management business.

In addition, Xaviar also closed a $900 million acquisition of Effective Wealth Advisors (EWA) in Australia that will double the size of Xaviar Australia. The team at EWA will continue to operate as a wholly-owned subsidiary of Xaviar Australia and retain the EWA brand, adding to Xaviar’s recent acquisitions of AXA UK (AXA Australia) and Installing Novus Australia.

In short, Xaviar’s strategy is to further develop the Business Development capabilities that began with Xaviar Re in 2018 and leverage our team and expertise to develop independent “vertical accelerators” which assist with the investment planning and advisory platforms of our clients and partners.”

“Xaviar’s distribution, technology and consumer-centric solutions platforms will complement and leverage our strong wealth management platform in the U.S. and Australia, as well as re-branding our international businesses to Xaviar Wealth.”

“Our team at Xaviar is focused on developing the leading platform in independent broker dealer brokerage as well as partnering with leading financial institutions, insurance companies and brokerage firms to grow globally and unlock the full value of our distribution. Our accelerated revenue growth strategy is on pace to achieve this objective, and we are pleased to close the significant acquisitions of Xaviar Re and Effective Wealth,” said Xaviar Founder and CEO Michael Tavares.

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