BIRMINGHAM, Ala., Feb. 14, 2019 /PRNewswire/ -- Highland
Capital Brokerage ("Highland"), a subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF,
LTSK) ("Ladenburg"), announced today that Oak & Stone
Capital Advisors ("Oak & Stone"), an independent financial
advisory team overseeing approximately $150
million in client assets, has joined Highland's
Constellation platform, which will provide turnkey support in
marketing, processing, carrier selection and other critical
business areas for the group's diversified insurance offerings.
Highland is a leading provider of life insurance, annuities and
long-term-care solutions to financial advisors.
Oak & Stone is the first firm to join Highland's
Constellation platform, which was launched in 2018 to extend the
firm's reach within the independent financial services space. The
Constellation platform provides a broad array of turnkey, strategic
support offerings to financial advisors and insurance producers,
including marketing, case design, underwriting, processing and
critical back office functions, along with assistance in selecting
appropriate carriers for customers based on their unique needs.
Jim Gelder, Chief Executive
Officer of Highland Capital Brokerage, said, "The Constellation
platform was created to take Highland's proprietary expertise and
unique capabilities in life insurance, long-term care insurance and
other areas and leverage it to empower the growth of highly
motivated and disciplined teams and producers. I could not imagine
a better participant in this initiative than Oak & Stone, and
we are thrilled to be working with them to facilitate the further
development of their insurance business."
Oak & Stone is a 12-advisor holistic financial planning team
based in Tunkhannock, PA that
creates goals-based wealth management solutions for clients through
a diversified portfolio of investments and insurance products. The
team is led by Founding Advisors Christopher Manci and Seth Diener, who collectively have more than 34
years of client service experience at Nationwide, where they worked
before starting Oak & Stone in 2018.
Christopher Manci, Founding
Advisor of Oak & Stone, said, "When we formed Oak & Stone,
we knew that we wanted to provide a suite of services that could
help our clients plan ahead for the full spectrum of their
financial needs. That means we need to be able to offer world-class
service and expertise in the increasingly crucial world of
insurance, not just in retirement planning and portfolio
management. Our participation in Highland's Constellation platform
puts us in a strong position to do just that – without having to
invest in internal marketing specialists, processing infrastructure
or other systems. Highland has enabled us to elevate our service
offerings for clients right away."
Highland's Constellation platform provides insurance services
that empower advisors and other insurance producers to seamlessly
and cost-effectively differentiate themselves and appeal to new
markets and client types. The platform offers solutions for life,
long-term care and disability insurance, as well as annuities. The
Constellation platform's offerings include:
- Collaboration on sales and growth strategies, including
recruitment and retention
- Marketing, case design, underwriting, processing and other back
office functions
- Assistance in selecting carriers for customers
- Potential for access to Highland's Advanced Planning team
In addition, Constellation works in tandem with Highland's Muse
platform, which has been built for producers who seek
insurance-focused practice management guidance and back-office
support in order to increase their growth potential. The Muse
platform is ideal for individual producers who desire a larger
culture focused on growth through partnership and collaboration,
and who want to attend study group workshops and national meetings
with like-minded producers.
Paul Lofties, Senior Vice
President of Wealth Management at Ladenburg Thalmann, said, "We're
proud of how Highland is continuing to grow as a brokerage of
diversified insurance solutions to financial advisors. This
announcement demonstrates the myriad ways in which Highland is
helping to leverage our resources, thought leadership and national
scale to address the insurance needs of advisory teams and
insurance producers."
About Ladenburg
Ladenburg Thalmann Financial Services
Inc. (NYSE American: LTS, LTSL, LTS PrA, 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.
About Highland Capital Brokerage
Highland Capital
Brokerage is a national brokerage company providing point-of-sale
support, advanced marketing and creative estate and business
planning techniques to financial advisors and insurance
professionals. It delivers these services in an efficient,
client-focused environment that extends to carrier and product
expertise, underwriting negotiation, and complete back office
processing. Its core competencies include life insurance, annuities
and long term care. Highland delivers objective access to major
insurance carriers, advanced planning support, expertise in risk
underwriting, and back office processing to insurance brokers,
financial planners and various institutions such as banks,
wirehouses, and certified public accountant firms. To learn more
about Highland Capital Brokerage, visit
www.highlandbrokerage.com.
Securities by Licensed Individuals Offered Through Investacorp,
Inc., A Registered Broker / Dealer, Member FINRA, SIPC
About Oak & Stone Capital Advisors
Based in
Tunkhannock, Pennsylvania, Oak
& Stone Capital Advisors is an independent financial advisory
firm that creates goals-based wealth management solutions for
clients through a diversified portfolio of investments and
insurance products. The firm currently has 12 advisors and
approximately $150 million in client
assets.
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 and growth of our annuity and
insurance brokerage business. 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, including the SEC's proposed rules and interpretations
concerning the standards of conduct for broker dealers and
investment advisers when dealing with retail investors, future cash
flows, a change in the Company's dividend policy by the Company's
Board of Directors (which has the ability in its sole discretion to
increase, decrease or eliminate entirely the Company's dividend at
any time) and other risks and uncertainties affecting the operation
of the Company's business. These risks, uncertainties and
contingencies include those set forth in the Company'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 SEC. The information set
forth herein should be read in light of such risks. Further,
investors should keep in mind that the Company'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, the Company's revenue and
profits in any particular quarter may not be indicative of future
results. The Company 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.
Contacts
Haven Tower Group
Chris Clemens / Joseph Kuo
424 652 6520 ext. 102 or ext. 101
cclemens@haventower.com or jkuo@haventower.com
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SOURCE Ladenburg Thalmann Financial Services Inc.