Wisconsin-Based Firm with More than $560 Million in Total Client
Assets Drawn to Flexibility and Technology Offered by Ladenburg’s
Largest Subsidiary
Securities America, a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA,
LTSL, LTSF, LTSK, LTSH), today announced that Goldstein &
Associates, an independent wealth management firm based in
Wisconsin, has joined its platform through one of Securities
America’s corporate RIAs, Arbor Point Advisors.
Led by founder and CEO Jon Goldstein, Goldstein &
Associates’ six-advisor team has $565 million in total client
assets. Mr. Goldstein heads the firm’s Middleton, Wisconsin
headquarters, while its Lake Geneva, Wisconsin office is led by
advisor David Sharpe. The firm‘s producing advisors include
Goldstein, Sharpe, Adam Peters, Lisa Spadoni, Amanda Gausewitz and
Kyle Kerkenbush.
Mr. Goldstein said: “In deciding to affiliate with Arbor Point
Advisors and Securities America, it was clear that we share the
same core philosophies. The number one reason we made this decision
was our commitment to our clients. Our team works diligently to
champion premier customer service, leverage continuing education
and technology and tap into our combined decades of industry
experience to position our clients for success in reaching their
financial goals.”
Gregg Johnson, executive vice president of branch office
development and acquisitions at Securities America, said: “Advisors
aligning with Arbor Point have the freedom to choose a hybrid
business model and affiliate with both Arbor Point and Securities
America, or join as an RIA-only advisor with Arbor Point or our
other corporate RIA, Securities America Advisors. Jon and his team
are joining our platform as a hybrid practice. Through Arbor Point,
they have full access to a powerful advisory platform, industry
leading technology, oversight and compliance support provided by a
corporate RIA structure, and their choice of highly recognized
custodians. Securities America is pleased to provide flexible
options to suit the needs of financial advisors across the spectrum
of business models, and we are excited to work with Goldstein &
Associates to help them achieve their growth goals.”
Arbor Point Advisors serves advisors who want the freedom and
independence to operate their own businesses without the burden of
managing back office complexities and compliance. Arbor Point’s
flexibility in supporting a broad range of advisory business models
and custodial options has contributed to the RIA’s growth, as it
has added over $1 billion in advisory assets in the last year and
expanded its total advisory assets to nearly $4 billion.
Goldstein and his team also cited technology as a deciding
factor in affiliating with Securities America. Mr. Goldstein said,
“For many years, our clients have been requesting the most
up-to-date online and mobile technology. We’re proud to now offer
them the strong technology provided to advisors affiliated with
Securities America and Arbor Point.”
Goldstein & Associates CFO and practice manager Andy Peters
added, “We’ve assembled a team of financial planners and
client-service professionals who have the expertise and experience
to help almost any client with their financial planning needs. By
expanding our retirement planning services to also encompass
tax-related issues, education, estate, insurance and small business
planning, and charitable giving and business exit strategies, our
team is positioned well to assist clients.”
Mr. Johnson concluded, “We are excited to partner with Goldstein
& Associates in their growth plans as they continue to guide
their clients toward their financial goals. We’re thrilled to
welcome them to Arbor Point and Securities America.”
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 September 30, 2019.
Securities offered through Securities America, Inc., member
FINRA / SIPC. Advisory Services offered through Arbor Point
Advisors, LLC. Securities America, Arbor Point Advisors 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/20191212005486/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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