Westborough, Massachusetts hybrid group’s search for
forward-thinking partner drives alignment with largest Ladenburg
subsidiary
Securities America, a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA,
LTSL, LTSF, LTSK), announced today that Patriot Financial Group, an
independent hybrid Registered Investment Advisor and Super Office
of Supervisory Jurisdiction based in Westborough, Massachusetts
with approximately $650 million in total client assets and 33 total
financial advisors, has joined Securities America.
Gregg Johnson, Securities America’s executive vice president of
branch office development and acquisitions, said, “We are pleased
to welcome Patriot Financial Group to Securities America. Their
decision to join our platform demonstrates our appeal to practices
seeking a stable and transparent relationship with an independent
advisory and brokerage partner that is forward-looking in regard to
the industry and the needs of advisors. We value the group’s
independence and their focus on building teams of experts who
specialize in distinct aspects of financial services. We have the
platform and expertise to effectively support Patriot Group and
their distinctive model, and we’re committed to helping them
achieve their growth goals for the future.”
Patriot Financial Group, led by founder and Chairman David
O’Donnell and Chief Executive Officer Michael Tashjian, maintains a
coverage area that spans Massachusetts, Rhode Island and
Connecticut. Specialists provide clients with guidance in their
respective areas of expertise — wealth management, retirement
planning, and insurance solutions — delivered through a mix of fee-
and commission-based service.
Patriot Financial Group provides personal insurance planning and
business protection that accounts for key person life insurance,
disability, general liability and business continuity insurance.
The group, which has a 10-member office staff, also provides
advisor support services including succession planning, transition
support and team coaching on the vision of the business as well as
on individual goals and roles.
Mr. O’Donnell said, “We have taken a very intentional approach
to building our firm and our business model, and we are thrilled to
find a partner in Securities America who supports our distinctive
vision. We’re a strictly independent and advisor-centric model. Our
platform is based on team-building and supports our advisors; each
advisor is independent, each firm is advisor-owned. But they have
the support of a larger group of specialists to call on to
strengthen their practices. This approach drives strong growth for
our advisors and exceptional service for clients – and we look
forward to taking it to the next level with Securities
America.”
Mr. Tashjian said, “With Securities America, we have the
strength of a well-resourced platform with powerful industry
expertise behind us. We support the individual, and Securities
America supports us. Whenever we made a request, Securities America
quickly responded with a proven process, platform or product. From
day one, they have shown us how we will be able to leverage the
strength of our partnership to help our representatives grow their
businesses.”
Mr. Johnson concluded, “Patriot Financial Group’s hybrid model
is advisor-centric in the best possible way. It allows each client
to receive the type of service that best fits their needs, which in
turn has enabled Patriot to experience strong growth. We anticipate
that, with the full infrastructure and resources of Securities
America behind it, many more advisors and clients will soon reap
those benefits.”
About Securities AmericaSecurities America, a wholly
owned subsidiary of Ladenburg Thalmann Financial Services Inc.
(NYSE American: LTS, LTS PrA, LTSL, LTSF, LTSK), is one of the
nation’s largest independent advisory and brokerage firms, with
more than 2,500 independent advisors and over $86 billion in client
assets as of Dec. 31, 2017.
Securities offered through Securities America, Inc., member
FINRA / SIPC. Advisory services offered through Securities America
Advisors. Securities America and Ladenburg Thalmann Financial
Services Inc. are separate entities from all other entities
named.
About Ladenburg ThalmannLadenburg Thalmann Financial
Services Inc. (NYSE American: LTS, LTS PrA, LTSL, LTSF, LTSK) is a
publicly-traded diversified financial services company based in
Miami, Florida. Ladenburg’s subsidiaries include industry-leading
independent advisory and brokerage (IAB) firms Securities America,
Triad Advisors, Securities Service Network, Investacorp and KMS
Financial Services, as well as Premier Trust, Ladenburg Thalmann
Asset Management, Highland Capital Brokerage, a leading independent
life insurance brokerage company, Ladenburg Thalmann Annuity
Insurance Services, a full-service annuity processing and marketing
company, and Ladenburg Thalmann & Co. Inc., an investment bank
which has been a member of the New York Stock Exchange for over 135
years. The company is committed to investing in the growth of its
subsidiaries while respecting and maintaining their individual
business identities, cultures, and leadership. For more
information, please visit www.ladenburg.com.
This press release includes certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements regarding future growth. These
statements are based on management's current expectations or
beliefs and are subject to uncertainty and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive and/or regulatory factors, and
other risks and uncertainties affecting the operation of Ladenburg
Thalmann's business. These risks, uncertainties and contingencies
include those set forth in Ladenburg Thalmann's annual report on
Form 10-K for the fiscal year ended December 31, 2017 and other
factors detailed from time to time in its other filings with the
Securities and Exchange Commission. The information set forth
herein should be read in light of such risks. Further, investors
should keep in mind that Ladenburg Thalmann's quarterly revenue and
profits can fluctuate materially depending on many factors,
including the number, size and timing of completed offerings and
other transactions. Accordingly, Ladenburg Thalmann's revenue and
profits in any particular quarter may not be indicative of future
results. Ladenburg Thalmann is under no obligation to, and
expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise, except as
required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180830005148/en/
Haven Tower Group for Securities AmericaMichael Dugan / Jessica
Caris424-652-6520, ext. 106 or 104mdugan@haventower.com or
jcaris@haventower.comRelated Links:
https://www.securitiesamerica.com
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