New Pioneers Program Provides Scholarships
and Paid Internships to College Students Pursuing a Career in the
Financial Advice Industry
Ladenburg Congratulates Investacorp and
Salutes Leadership of Patrick Farrell Since Firm’s Acquisition by
Ladenburg as Its First Subsidiary in 2007
Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS,
LTS PrA) (“Ladenburg”), a publicly-traded, diversified financial
services company, today congratulated Investacorp, Inc.
(“Investacorp”) on reaching its 40th anniversary. To mark the
occasion, Ladenburg announced its support of Investacorp’s recent
launch of its New Pioneers Program, developed to provide
scholarships and paid internships with the Investacorp home office
to college students interested in a career in the financial advice
industry upon graduation.
In 2007, Investacorp became Ladenburg’s first independent
advisory and brokerage (IAB) firm acquisition, a network that now
includes four other firms: Securities America, Triad Advisors, KMS
Financial Services and Securities Service Network (SSN). Each
Ladenburg IAB has a unique brand, advisor service model and
culture.
Richard Lampen, President and CEO of Ladenburg, said, “We
congratulate the entire Investacorp team on the firm’s 40th
anniversary. From its humble roots as a small, regional firm
supporting fewer than 15 independent financial advisors,
Investacorp has expanded to over 500 advisors nationwide, with
nearly $14 billion in brokerage and advisory assets. The firm’s
success has been driven by its emphasis on fostering the growth of
independent advisor practices with a high touch service culture,
and the effectiveness of this approach is reflected by the
longevity of the firm’s advisor relationships, many of which have
been in place for decades. We salute Investacorp’s CEO, Patrick
Farrell for his outstanding leadership, and we look forward to
continuing to nurture the success of Investacorp and our other IAB
subsidiaries for many decades to come.”
Ladenburg and Investacorp further reported that the New Pioneers
Program will fund two separate $10,000 scholarships this year, with
one being awarded to the son or daughter of an Investacorp advisor
and the child of a client of an Investacorp advisor getting the
other. As part of the program, Investacorp will also offer paid
internship opportunities during the summer for each recipient at
the firm’s headquarters in Miami, while actively exploring how to
most effectively expand the New Pioneers program in future
years.
Patrick Farrell, President and CEO of Investacorp, said, “As
proud as we are of our firm’s 40 years of history, we’re prouder
still of the enthusiasm our home office staff members and
affiliated advisors feel about Investacorp’s future. Central to
Investacorp’s success is our constant recognition that the future
will continue to be shaped by how effectively we support our
advisors, and how motivated our home office team is to deliver an
exceptional advisor service experience at every opportunity. We
face the future with confidence, knowing that our firm delivers a
truly unique blend of boutique service and personalized attention
to each advisor, together with the reinforcement that comes with
access to financial capital, intellectual capital and other growth
resources offered by Ladenburg to its subsidiaries.”
About Ladenburg
Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS,
LTS PrA) 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, growth of
our independent advisory and brokerage business and future
investments. 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 United States Department of Labor’s rule and
exemptions pertaining to the fiduciary status of investment advice
providers to 401(k) plans, plan sponsors, plan participants and the
holders of individual retirement or health savings accounts, 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.
About Investacorp, Inc.
Investacorp, an independent advisory and brokerage (IAB)
organization, delivers an integrated digital platform that enables
more than 500 independent financial advisors across the U.S. to
provide investment solutions and wealth management advice to
individuals, families, businesses and institutions. The boutique
firm offers a family-friendly culture, long-tenured staff and
expert personal service. Investacorp advisors are able to choose an
affiliation model that best fits their clients’ needs, including
independent broker-dealer representative, fee-based only or hybrid
RIA. Investacorp also provides large-firm resources, financial
stability and multi-generational practice transition expertise.
Investacorp, Inc. is wholly-owned by Ladenburg Thalmann Financial
Services Inc., (NYSE American: LTS, LTS PrA), which is a
publicly-traded diversified financial services company based in
Miami, Florida. For more information, visit
www.investacorp.com.
Securities by Licensed Individuals Offered Through Investacorp,
Inc., a Registered Broker/Dealer. Member FINRA, SIPC. Advisory
Services Offered Through Investacorp Advisory Services, Inc., a SEC
Registered Investment Advisory Firm.
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version on businesswire.com: https://www.businesswire.com/news/home/20180420005801/en/
Media Contacts:Michael Dugan / Jessica CarisHaven Tower
Group424 652 6520 ext. 106 or ext. 104mdugan@haventower.com or
jcaris@haventower.com
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