Ladenburg Thalmann Finan... (AMEX:LTS)
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2 Months : From Oct 2019 to Dec 2019
Arkansas-based Group With Approximately $160 Million in Total Client Assets Drawn to Largest Ladenburg Subsidiary’s Culture and Technology
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA, LTSL, LTSF, LTSK, LTSH), today announced that it has successfully recruited Knight Investments Group, Inc., an independent wealth management practice in Russellville, Ark. with approximately $160 million in total client assets, to its platform.
The announcement further underscores Securities America’s position as a leading destination for successful practices and groups that are seeking strong technology and a friendly and collaborative culture.
Gregg Johnson, Securities America’s executive vice president of branch office development and acquisitions, said, “Already a thriving practice for years, Knight Investments Group was searching for a stable, supportive partner with strong technology, outstanding practice management support and a culture that aligned with their own. Securities America is pleased to partner with them to help them reach the next stage in their growth through our open-door, collaborative culture and our family-oriented approach.”
The head of Knight Investments Group, Nathan Knight, began his nearly two-decade career in the financial-services industry as an insurance agent. He continues to hold licenses to market property, casualty, life and health insurance, in addition to his securities licenses. The group’s other producing advisor, Jamie Taber, has spent 20 years in the industry, including 19 years as a securities fund analyst and asset manager. She also spent 12 years working in securities litigation law.
Nathan Knight said, “When we started searching for a partner to help us reach the next level of growth, we knew we needed strong technology going forward and practice management support, which are areas where we believe Securities America excels. Additionally, the cultural fit will make it easier for us to concentrate on serving our clients.”
Gregg Johnson concluded, “At Securities America, our mission is to give independent financial advisors the support they need to grow. We focus on the future but keep a steady hand on the present. When practices join with us and our parent company Ladenburg Thalmann, they have partners dedicated to their success. We’re excited to welcome these advisors to our platform.”
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 2,600 independent advisors and approximately $97 billion in client assets as of June 30, 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191008005148/en/
Chris Clemens / Andrew Wang
Haven Tower Group
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Related Links: https://www.securitiesamerica.com