Highland Capital Brokerage, an independent life insurance brokerage company and subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has added Oak & Stone Capital Advisors, an independent financial advisory team overseeing approximately $150 million in client assets, to its Constellation platform, which provides support in marketing, processing, carrier selection and other business areas for the group’s insurance offerings.
Oak & Stone is the first firm to join Highland’s Constellation platform, which was launched in 2018 to extend the firm’s reach within the independent financial services space.
The Constellation platform will provide support for Oak & Stone’s efforts to expand its insurance offerings for clients, including selecting appropriate carriers, marketing, case design, underwriting, processing and back office functions.
Oak & Stone is a 12-advisor holistic financial planning team based in Tunkhannock, Pennsylvania that creates goals-based wealth management solutions for clients through a portfolio of investments and insurance products. The team is led by founding advisors Christopher Manci and Seth Diener, who collectively have more than 34 years of client service experience at Nationwide, where they worked before starting Oak & Stone in 2018.
Ladenburg Thalman is the fourth-largest firm within the independent financial advice space, supporting 4,300 financial advisors and more than $168 billion in advisory and brokerage client assets. Ladenburg has five independent advisory and brokerage subsidiaries that include Securities America, Triad Advisors, KMS Financial Services, Investacorp, and Securities Service Network.