Financial services group Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) is buying Securities Service Network Inc. for $25 million.

Securities Service, headquartered in Knoxville, Tennessee, has  450 financial advisers, representatives and insurance agents in the U.S. The firm has  $13 billion in client assets and generated  $115 million in revenue for the 12 months ended June 30.

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