Reverence-backed Advisor Group completed the merger with Ladenburg Thalmann in a $1.3bn deal.

Reverence-backed Advisor Group, an independent wealth management firm, completed the merger with Ladenburg Thalmann Financial Services, a publicly-traded diversified financial services company, in a $1.3bn deal. "We are thrilled to complete this transformational merger with Advisor Group. We believe the transaction will help our financial advisors accelerate the growth of their businesses while continuing to benefit from the highly personalized service experience they have always enjoyed," Richard Lampen, Ladenburg Thalmann Chairman, President, and CEO.