Nittany Brokerage Financial to benefit from largest Ladenburg
subsidiary’s stability, strong technology platform and support for
both succession planning and practice acquisitions
Securities America, a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA,
LTSL, LTSF, LTSK, LTSH), today announced the successful recruitment
of Nittany Brokerage Financial, a multi-service independent
financial advisory practice in central Pennsylvania with $182
million in total client assets. The announcement further
underscores Securities America’s position as a leading destination
for successful independent practices looking to take the next step
in their business’ growth trajectory.
Gregg Johnson, Securities America’s executive vice president of
branch office development and acquisitions, said, “We are thrilled
to onboard a practice with as strong a track record of growth as
Nittany Brokerage Financial. Dean, Suzanne and the firm’s other
advisors have done a stellar job of growing their business through
a consistent and deep-rooted commitment to client service, and we
look forward to providing them with the practice management
support, technology and flexibility they need to continue growing,
along with our expertise in succession planning and practice
acquisitions to help them meet their long-term strategic goals.
With the resources of Securities America behind them, the sky’s the
limit for Nittany Brokerage.”
Founded in 2005, Nittany Brokerage is based in State College,
Pa., and includes six advisors. The firm offers a comprehensive
range of wealth management and financial planning services to
businesses, families and individuals, and serves many clients who
are employees of the state (or commonwealth) of Pennsylvania.
Nittany also provides complementary services such as customized
auto, home, commercial, group health and life insurance
solutions.
Nittany Brokerage is led by President Dean Johnson and OSJ
Suzanne Johnson, who have built their business on a fundamental
belief that everyone deserves advice on financial and life
planning. Mr. Johnson noted that their team was impressed by
Securities America’s size, stability, and commitment to advisors’
independence, as well as its strong technology platform and the
breadth of resources available to advisors affiliated with
Ladenburg’s IAB firms.
Dean Johnson, president of Nittany Brokerage Financial, said,
“We want this to be our last broker-dealer change, so we were
looking for an established partner that has staying power in the
industry. We found that in Securities America. We were also blown
away by the platform and leading-edge technology Securities America
provides to its affiliated advisors. After seeing all that they
have to offer, we were convinced that we can count on Securities
America and Ladenburg to support our long-term growth.”
Gregg Johnson concluded, “We are in the business of helping
practices like Nittany Brokerage flourish. When groups join
Securities America, they join a family of like-minded professionals
who are solely interested in seeing them succeed. Advisors are the
lifeblood of what we do, and we look forward to collaborating with
Nittany Brokerage for years to come.”
About Securities America Securities America, a wholly
owned subsidiary of Ladenburg Thalmann Financial Services Inc.
(NYSE American: LTS, LTS PrA, LTSL, LTSF, LTSK, LTSH), is one of
the nation’s largest independent advisory and brokerage firms, with
more than 2,600 independent advisors and more than $94 billion in
client assets as of Mar. 31, 2019.
Securities offered through Securities America, Inc., member
FINRA / SIPC. Advisory Services offered through Securities America
Advisors, Inc. Securities America and Ladenburg Thalmann Financial
Services Inc. are separate entities from all other entities
named.
About Ladenburg Thalmann Ladenburg Thalmann Financial
Services Inc. (NYSE American: LTS, LTS PrA, LTSL, LTSF, LTSK, LTSH)
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 and
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, 2018 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190718005554/en/
Chris Clemens / Andrew Wang Haven Tower Group 424-317-4854 or
424-317-4859 cclemens@haventower.com or awang@haventower.com
Related Links: https://www.securitiesamerica.com
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