Investacorp Inc., an independent advisory and brokerage firm that oversees more than $16 billion in total client assets, has added Wealth Innovations to its brokerage and RIA platforms. Investacorp is wholly-owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS).
Based in Richmond, Virginia, Wealth Innovations is an independent financial advisory practice with five professionals, led by managing director James LaNeave. LaNeave’s son, Samuel LaNeave serves as managing partner, while his daughter, Ashley LaNeave, oversees the team’s operations and administration functions. The team joins Investacorp from Cetera’s Summit Brokerage Services.
Wealth Innovations has $80 million in total client assets and specializes in retirement income and estate planning services, with a focus on tax efficiency and wealth transfer between generations.
“At Investacorp, we strive to help our family of advisors build legacies and create continuity of service for clients, while forging an invigorating culture of togetherness,” said Patrick Farrell, president and CEO of Investacorp. “I look forward to building meaningful and collaborative relationships with James and Samuel for many years to come.”
Investacorp’s 500 advisors provide investment services and wealth management advice to individuals, families, businesses and institutions.
Ladenburg Thalmann is a publicly-traded diversified financial services company based in Miami, Florida. The firm’s subsidiaries include Securities America, Triad Advisors, Securities Service Network, Investacorp, and KMS Financial Services.