MIAMI, Sept. 16, 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 that it received the award for Thought Leadership in the
1,000-or-more-advisor broker-dealer category at the 2019
WealthManagement.com Industry Awards ceremony held Sept. 12 in New
York.
The award recognized Ladenburg's efforts to spark innovation
among early-stage companies via its annual Innovation Symposium,
invitation-only events that bring together FinTech startups and
financial advisors to identify and explore the disruptive
technologies with potential to define the future of financial
advice. The second Innovation Symposium was held in May 2019 in San
Francisco.
Adam Malamed, Executive Vice
President and Chief Operating Officer at Ladenburg, said, "At
Ladenburg we are always looking to the future of our business and
using our expertise and experience to set the tone for the broader
discussion. Our Innovation Symposiums are an example how we are
working to bring fresh ideas to the table in ways that seek to
benefit our advisors in the near term and move the industry forward
in the longer term. Our entire organization extends its heartfelt
gratitude to WealthManagement.com and our peers in the wealth
management space for this truly remarkable recognition."
The inaugural Ladenburg Innovation Symposium in 2018 brought
together advisors affiliated with the company's five independent
advisory and brokerage subsidiaries to Silicon Valley, along with
start-up founders and venture capitalists. Ladenburg later made an
investment in one of the companies that presented at the event,
Track Technologies.
The second Innovation Symposium built on the momentum of the
first, more than doubling the number of invitees. The event
featured the launch of Track Technologies' tax-automation platform
for financial advisors.
Dan Sachar, Vice President for
Enterprise Innovation at Ladenburg and Head of the Ladenburg
Innovation Lab, said, "Being truly innovative calls on us to step
outside of the day-to-day tactical routine of our own organizations
to think holistically and critically about the issues affecting the
broader industry and how technology can address them. It is a very
exciting time in the wealth management space, and there are
macro-changes occurring that are changing the way we all do
business. Rather than be threatened by the change, we at Ladenburg
embrace it and are actively working to unearth the gaps in the
market where new ideas can flourish."
Now in its fifth year, the WealthManagement.com Industry Awards
recognize companies and individuals that have shown themselves to
be leaders in the wealth management space when it comes to
supporting the success of financial advisors. The publication
convened a panel of 14 industry experts to narrow down the
submissions to finalists and winners.
Mr. Malamed concluded, "This award is a validation of our
efforts to nurture the innovations that can help our industry move
into the future. All of us in the wealth management space are
operating on a landscape that is beset by challenges, but also full
of opportunities. At Ladenburg we are doing our part to chart the
course forward for our advisors and their clients, as well as for
the rest of our industry."
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:
Mitch Manning / Andrew Wang
Haven Tower Group
424 317 4858 and 424 317 4859
mmanning@haventower.com or awang@haventower.com
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SOURCE Ladenburg Thalmann Financial Services Inc.