SEATTLE, Oct. 24, 2019 /PRNewswire/ -- KMS Financial
Services, Inc. ("KMS" or the "firm"), a wholly owned subsidiary of
Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTS
PrA, LTSL, LTSF, LTSK, LTSH) and an Independent Advisory and
Brokerage (IAB) firm supporting approximately 350 advisors, today
announced the successful recruitment to the KMS platform of
Patrick Funke & Associates, an
investment firm specializing in qualified retirement plans with
$230 million in client assets.
The addition of this team underscores the appeal of KMS as a
destination for quality advisors under the leadership of
Erinn Ford, who joined KMS as its
President in 2018 and was promoted to the role of Chief Executive
Officer earlier this year.
Ms. Ford said, "We are excited to welcome Patrick Funke & Associates, a practice that
is committed to building strong and lasting relationships with
their clients. This aligns perfectly with our own business values
and the KMS approach to service."
Based in Phoenix, Patrick Funke & Associates has $230 million in client assets and is led by
Patrick Funke, a 29-year financial
services industry veteran who serves as president of the firm. The
practice has a specialized expertise in retirement plans and
pensions. Mr. Funke works alongside his wife, Jennifer, who
incorporates her background as an educator into her role as a
licensed sales associate at the practice.
Speaking about the decision to affiliate with KMS, Mr. Funke
said, "Our firm's niche expertise demands a brokerage and corporate
RIA firm with a high level of retirement plan and ERISA
capabilities, so it was refreshing to discover that KMS, through
Ladenburg, has support resources and tools in those areas that can
help enhance our service offering. I look forward to tapping the
potential of Ladenburg's retirement consulting team as well as to
partnering with Erinn Ford and her
colleagues."
Ms. Ford concluded, "Our firm empowers advisors like Patrick to
achieve their goals by providing them with the technology platforms
and hands-on support they need. We look forward to sharing our
story with a wider universe of advisors than ever before and
proving to that we have the resources necessary to assist in their
future growth."
About KMS Financial Services
KMS, an independent advisory and brokerage ("IAB") firm founded
in 1971, is a wholly owned subsidiary of Ladenburg Thalmann
Financial Services Inc. and had $16.4
billion in client assets and 366 experienced investment
professionals, as of December 31,
2018. KMS representatives have an average industry tenure of
22 years, an average KMS tenure of 11 years and are located across
the U.S. KMS offers comprehensive compliance oversight and support,
practice management services and training, and the distinct culture
of a small, experienced firm with the resources of a much larger
enterprise. For more information, please visit www.kms.com.
KMS Financial Services, Inc. is a member of the Financial
Industry Regulatory Authority (FINRA) and a member of the Security
Investor Protection Corporation (SIPC).
About Ladenburg
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:
Joseph
Kuo / Michael Dugan
Haven Tower Group
424 317 4851 or 424 317 4852
jkuo@haventower.com or mdugan@haventower.com
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SOURCE KMS Financial Services, Inc.