MIAMI, Jan. 15, 2019 /PRNewswire/
-- Ladenburg Thalmann Financial Services Inc. (NYSE
American: LTS, LTSL, LTS PrA, LTSF, LTSK) ("Ladenburg"), a
publicly-traded diversified financial services company, today
announced the successful conclusion of its second annual ELEVATE
Advisory Symposium, designed to support the business growth of
fee-based financial advisors across the company's five independent
advisory and brokerage (IAB) subsidiaries, encompassing Securities
America, Triad Advisors, Investacorp, KMS Financial Services, and
Securities Service Network. More than 300 financial advisors
affiliated with Ladenburg's IAB firms attended the invitation-only
event – held at the JW Marriott in Nashville, Tenn., from January 13 through 15 – which delivered
forward-thinking ideas, techniques and strategies to enhance
advisors' fee-based businesses through holistic financial planning
for clients.
Richard Lampen, Chairman,
President and Chief Executive Officer of Ladenburg, said, "We
kicked off 2019 with a resoundingly successful second annual
ELEVATE Symposium, building on the high level of energy and
engagement from our inaugural event from over a year ago.
We're pleased with the overwhelmingly positive response among our
invitees to the insights and expertise showcased at this
conference, along with the enhanced networking and best practices
sharing opportunities for financial advisors, strategic partners
and home office staff. The depth and breadth of this event
further underscores the power of Ladenburg and its subsidiaries'
collective intellectual capital and resources, while affirming our
company's position as a leading innovator of the network model for
the independent financial advice industry."
At this year's ELEVATE Symposium, Ladenburg also announced the
launch of its enterprise-level Advanced Planning Group to enhance
the comprehensive wealth management capabilities of financial
advisors across all five of its IAB firms. Comprised of a
team of dedicated consulting professionals with expertise in tax
planning, estate planning and business planning, the Advanced
Planning Group acts as a resource for financial advisors to allow
them to deliver sophisticated and highly customized solutions for
high net worth and upper quartile mass affluent clients to address
complex challenges and opportunities.
From helping advisors navigate sensitive family dynamics while
facilitating intergenerational wealth transfers, to constructing
tax-smart portfolio strategies that require continuous monitoring,
to supporting the corporate retirement plans of business owner
wealth management clients with in-depth annual plan diagnostics and
much more, the Advanced Planning Group enables financial advisors
to add greater value to client relationships.
In a related development, Ladenburg also announced the rollout
to all of its IAB firms and their financial advisors of the Link to
the Future initiative, first introduced in April of last year by
Securities America to its advisors. Link to the Future seeks
to cultivate the next generation of financial advisors by providing
college students across the country who are interested in entering
the financial advice profession with funding and access to industry
events, as well as potential mentoring relationships with
established financial advisors and home office executives.
At this year's ELEVATE Symposium, Ladenburg welcomed an
inaugural cohort of 20 recipients, selected from among university
students across the country who are interested in pursuing a career
in the financial advice space, providing them with conference
scholarships that cover their travel and lodging expenses, along
with full access to the Symposium's educational and professional
sessions. The program also connected scholarship winners with
specially selected financial advisors who served as on-site hosts
to answer students' questions about the profession, guide them
through various breakout sessions, and potentially build long-term
mentor relationships.
ELEVATE's educational and networking sessions unfolded across
four tracks — Advanced Planning, Advisor as Portfolio Manager,
Growing Your Advisory Practice and Partnering with Third-Party
Money Managers — with ample opportunity for advisors to customize
their Symposium experience, meet with colleagues and leaders of
their respective IABs, and to learn about products and services
from strategic partners in the exhibitor marketplace.
John Blood, Senior Vice President
of Advisory Services and Solutions, said, "Interest among financial
advisors in growing their fee-based business has continued to surge
across the industry, and our annual ELEVATE Symposium helps to
aligns our advisors with the leading-edge strategies and tools
necessary to thrive in this evolving environment. In keeping
with our commitment to actively look around corners and position
our advisors ahead of the pack with macro-industry trends, we were
delighted to utilize this event as an opportunity to bolster our
fee-based advisory support programs with our Advanced Planning
Group, while helping to lay the groundwork among all of our IAB
firms to attract next gen financial advisors through our Link to
the Future program expansion."
Mr. Lampen concluded, "Our annual ELEVATE event is just one
example of the multiple resources that Ladenburg is mobilizing to
help our financial advisors build stronger fee-based client
relationships, while improving the efficiency and effectiveness of
how these professionals serve such clients. Looking ahead,
the successful conclusion of this event and the related new
initiative launches demonstrate Ladenburg's focus on leveraging our
capital, expertise and technology to drive innovation-led growth
for our IAB firms and the 4,300 plus financial advisors throughout
the country that we collectively serve."
About Ladenburg Thalmann
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.
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 levels of recurring
revenue. 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.
Media Contacts:
Joseph Kuo / Chris Clemens
Haven Tower Group
424 652 6520 ext 101 or ext 102
jkuo@haventower.com or cclemens@haventower.com
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SOURCE Ladenburg Thalmann Financial Services Inc.