ATLANTA, Oct. 3, 2019 /PRNewswire/ -- Triad Advisors, LLC
("Triad" or "the Firm"), a wholly owned subsidiary of Ladenburg
Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA,
LTSL, LTSF, LTSK, LTSH) ("Ladenburg") and a leading independent
advisory and brokerage (IAB) firm supporting independent hybrid
financial advisory practices and registered investment advisory
(RIA) firms, announced today that it has successfully recruited
Mooney Lyons Financial Advisors, a hybrid RIA practice based in
South Barrington, Ill., with four
financial advisors and approximately $320
million in total client assets. The addition of Mooney Lyons
to the Triad Hybrid Solutions corporate RIA is further validation
of Triad's value proposition as a leading partner of choice for
growth-minded hybrid advisors.
Nathan Stibbs, Triad's Executive
Vice President and Chief Strategy Officer, said, "Mooney Lyons is
just the kind of practice that thrives on our hybrid solutions
platform – entrepreneurial, with an eye towards growing to the next
level through selective recruitment of independent advisors. The
Mooney Lyons team has established a strong practice with deep
relationships. Our aim is to help them elevate their marketing and
recruitment strategy, while also empowering their growth with our
technology and practice management support services."
Led by co-founders and Managing Partners Keith Mooney and
Joe Lyons and Chief Operating
Officer Greg Scheider, Mooney Lyons
specializes in financial planning services for individuals and
families, including retirement, education, investing and estate
planning. The firm also works with small businesses on strategic
planning and succession planning.
Mr. Scheider said, "Our goal is to grow our practice's reach
across the Chicago area and
throughout the Midwest, and in so doing grow our client assets as
well. When we were looking to make a transition, we immediately saw
that Triad offered the total package that we were searching for.
Looking ahead, we will continue to seek to build our size and scale
with Triad's help, while still focusing on cultivating the trusted
client relationships that enabled us to get to this point."
Mr. Stibbs concluded, "Working with highly motivated practices
like Mooney Lyons gives us the energy and drive to do our best for
the advisors that affiliate with us. As more practices take the
hybrid RIA path, we believe we will continue to be a key
destination of choice for those advisors. Our door is always open
to like-minded advisors, and we stand ready to help."
About Triad Advisors
Headquartered in Atlanta, GA, Triad Advisors, LLC is a
national, independent advisory and brokerage firm as well as a
multi-custodial SEC-Registered Investment Adviser (RIA) that is an
early pioneer and continued leader in the Hybrid RIA marketplace.
The company provides a comprehensive platform of products, trading
and technology systems, as well as customized wealth management
solutions. Recognized as one of the most successful and
fastest-growing independent firms in the industry (including being
named the leading firm for Hybrid RIAs ten years in a row by
Investment Advisor magazine), Triad Advisors is a wholly owned
subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE
American: LTS, LTSL, LTS PrA, LTSF, LTSK, LTSH). For more
information, please visit www.triad-advisors.com.
About Mooney Lyons Financial Advisors
Mooney Lyons is
based in South Barrington, Ill.,
and consists of a team of dedicated professionals with expertise in
finance planning, estate planning, wealth management, retirement
planning, insurance and small-business planning. Learn more at
www.MooneyLyons.com.
About Ladenburg Thalmann
Ladenburg Thalmann Financial
Services Inc. (NYSE American: LTS, LTSL, LTS PrA, 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.
Media Contacts:
Chris
Clemens / Andrew Wang
Haven Tower Group
424 317 4854 or 424 317 4859
cclemens@haventower.com or awang@haventower.com
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SOURCE Triad Advisors, LLC