MIAMI, Aug. 22, 2019 /PRNewswire/ -- Ladenburg
Thalmann Financial Services Inc. (NYSE American: LTS, LTS PrA,
LTSL, LTSF, LTSK, LTSH) ("Ladenburg"), a publicly-traded
diversified financial services company, today announced the
successful conclusion of its second consolidated National
Conference of 2019, held from Aug. 19 to
22 at the Washington Hilton in Washington, D.C., for financial advisors
affiliated with three of the company's independent advisory and
brokerage (IAB) subsidiaries: Triad Advisors, Securities Service
Network (SSN) and Investacorp. The event followed Ladenburg's
successful inaugural National Conference for advisors from the
firm's two additional IAB subsidiaries, Securities America and KMS
Financial Services, which was held in Seattle in June.
Richard Lampen, Chairman,
President & CEO of Ladenburg, said, "Our Washington, D.C. National Conference for Triad
Advisors, Securities Service Network and Investacorp was a
tremendous success for all participants, generating great
enthusiasm and helping our advisors re-connect and re-energize as
we look ahead to the final months of 2019. Our advisors' enthusiasm
for their mission of helping clients pursue their goals is always a
source of inspiration as we continue to leverage Ladenburg's
national scale and intellectual capital to provide our IABs and
advisors with the tools and platforms they need to drive ongoing
growth and success. We have already received enthusiastic feedback
from participants on taking what they have learned at the
conference to help manage their practices and further elevate the
service experience they provide to clients."
Demonstrating Ladenburg and its IAB firms' commitment to
providing advisors with tools and training to augment their
practices, the company also announced the launch of Qui(k), a
turnkey 401(k) solution that empowers advisors to help small- and
medium-size business clients more easily implement competitive
qualified retirement plans.
Qui(k) Solution Enables Advisors' Business Clients to
Establish Turnkey Retirement Plans
Ladenburg's new Qui(k) solution is a fully-bundled 401(k) plan
offering that incorporates a broad selection of investment products
that are selected and monitored by Ladenburg Thalmann Asset
Management (LTAM), which serves as the ERISA Section 3(38)
investment fiduciary for the plans associated with the
platform.
The platform is available to advisors across all of Ladenburg's
IAB subsidiaries and provides turnkey administrative and
recordkeeping functions, including day-to-day administrative tasks
such as reviewing and approving employee loans and overseeing
hardship distributions, qualified domestic relations orders,
terminated employee distribution requests and terminated employee
automatic threshold distributions.
Paul Lofties, Senior Vice
President of Wealth Management at Ladenburg, said, "We are pleased
to draw on our scale, experience and resources to further enhance
our advisors' ability to support the needs of their business owner
clients with the Qui(k) platform. For small- and medium-sized
businesses, having a competitive qualified employee retirement plan
is essential in hiring and retaining the personnel they need to
grow. The fiduciary responsibilities and administrative burdens
involved in setting up such plans, however, have too often acted as
deterrents in offering these benefits in the past. With Qui(k), our
advisors can help minimize those concerns, strengthen their
clients' businesses and free employers to do what they love: Serve
their clients and grow their companies."
Continued Emphasis on Promoting Advisor Diversity
The conference also further demonstrated Ladenburg's commitment
to advancing opportunities for female professionals in the
financial advice industry and its focus on helping young people
learn about the profession as a step toward potential careers as
advisors.
The event's Women's Networking Luncheon built on the Super
Women's Summit featured at the June conference in Seattle, with Lisa
Schultz, chief services officer at CNL Financial Group,
speaking on ways for women to discover healthy, long-term
alternatives to the popular notion that female professionals must
balance multiple priorities in order to find fulfillment in their
careers.
In addition, Ladenburg also hosted 21 participants in the latest
edition of its Link to the Future program at the event. The
Link to the Future program provides conference scholarships for
students and the children of current Ladenburg advisors who are
interested in financial advisory careers.
Other highlights of the conference included:
- An opening-night keynote address from former U.S. Secretary of
State Colin Powell on leadership and
a closing keynote by Chip Heath,
Stanford professor and business
strategy expert;
- A general session executive panel featuring Triad CEO
Jeff Rosenthal, SSN CEO Wade Wilkinson and Investacorp CEO Patrick Farrell; and
- A fundraising drive in support of the Semper Fi Fund, which
raises money for programs to support combat-wounded, critically ill
and catastrophically injured members of the U.S. Armed Forces and
their families. Together, Triad, SSN and Investacorp advisors
contributed to the fund through online donations and an on-site
silent auction.
Adam Malamed, Executive Vice
President and Chief Operating Officer of
Ladenburg, concluded, "Ladenburg is dedicated to creating
opportunities for advisors to grow and thrive by connecting with
their peers to share their experiences, best practices and
enthusiasm for serving clients, as well as by bringing advisors the
tools they need to stay ahead of industry trends and capture
promising opportunities. At our second consolidated National
Conference for 2019 – and at our earlier national meeting in
Seattle in June – we were
gratified to see the value of bringing advisors together to share
in the commitment to excellence, collaboration and service that
bonds the Ladenburg family together. We are proud to continue
providing the advisors affiliated with our IABs the resources and
platforms they need to be successful in their businesses and to
reach their full potential."
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,
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 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, 2018
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
424 317 4851 and 424 317 4854
jkuo@haventower.com or cclemens@haventower.com
View original
content:http://www.prnewswire.com/news-releases/ladenburg-concludes-second-consolidated-national-conference-of-2019-with-launch-of-innovative-401k-offering-for-advisors-business-clients-300905488.html
SOURCE Ladenburg Thalmann Financial Services Inc.