Wealth Innovations, a family-owned independent financial advisory firm in Richmond, Va., has joined the brokerage and RIA platforms of Investacorp, a subsidiary of Ladenburg Thalmann.
Wealth Innovations is led by James LaNeave, managing director. His son, Samuel LaNeave, is managing partner, and his daughter, Ashley LaNeave, handles the team’s operations and administrative functions.
Wealth Innovations, which has $80 million in client brokerage and fee-based advisory assets, focuses on retirement income and estate planning services, with a focus on tax efficiency and wealth transfer between generations.
The partnership fits with the Investacorp platform where five of the top 10 advisory firms by size are multigenerational family-owned firms, Investacorp said.