MIAMI, June 11, 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 inaugural consolidated National
Conference, the first of two national advisor conferences to be
held this year. The event was held from June
5-8 at the Washington State
Convention Center in Seattle for
financial advisors from two of the company's independent advisory
and brokerage (IAB) subsidiaries, Securities America and KMS
Financial Services. The second combined national conference
of 2019 will be held in Washington,
D.C., from Aug. 19 to 22 for
financial advisors from Triad Advisors, Securities Service Network
(SSN) and Investacorp.
Richard Lampen, Chairman,
President & CEO of Ladenburg, said, "We are delighted with the
enormously positive feedback we received from our first
consolidated national conference's participants. By aligning our
intellectual capital and access to innovative growth platforms with
a carefully structured conference program, we delivered an event
that energized and inspired our financial advisors. The
success of our conference underscores our ongoing commitment to
embracing diversity across the firms we support, and the
distinctive advisor communities they serve."
Underscoring Ladenburg and its IAB firms' commitment to driving
greater levels of advisor diversity across the industry, the
company announced a number of new initiatives at the event,
including the enterprise-wide launch of the Super Women's Summit
and NxG Connect Study Group for next-gen financial advisors.
Ladenburg Super Women's Summit Further Builds Community for
Women Advisors
The Super Women's Summit is a women advisors' business workshop,
first pioneered by Securities America, that has been rolled out to
all IAB firms across the Ladenburg enterprise, with the first-ever
Ladenburg-wide event held at the first of this year's national
conferences. The Super Women's Summit's aim is to build
professional collaboration and a deeper sense of community for
women advisors affiliated with Ladenburg's IABs, while fostering
opportunities for peer group-based learning for women advisors
across a wide range of career stages.
Nearly 200 female advisors attended the first enterprise-wide
edition of the Summit, which included a pre-conference luncheon and
discussion session led by physician and anti-aging specialist Dr.
Pamela Smith. The session focused on
women's health and wellness in the age of distraction and how
female advisors, by attending to their own wellness, can provide
more value to their clients. A similar Super Women's Summit will be
held at the second national advisor conference in Washington, D.C.
Erinn Ford, President & CEO
of KMS Financial Services, said, "As we seek to bring more women
into the financial advice profession, it is profoundly important
that we provide women advisors who are with Ladenburg's IABs with
expanded opportunities to share their experiences and architect a
community that can serve as a home for future generations of women
professionals. Ladenburg's new enterprise-wide Super Women's Summit
is a terrific platform that will help our women advisors feel even
more deeply that they are part of a larger family that exists to
support their business growth."
NxG Connect Study Group Drives New Opportunities for Advisors
Below Age 40
Ladenburg's NxG Connect Study Group, also launched
enterprise-wide at the national conference, is a nationwide study
group for financial advisors across all the company's IAB firms who
are under the age of 40. Developed and tested by Securities
America over the last five years to provide younger advisors with
actionable insights to take their practices to the next level and
build valuable connections with their next-gen peers, this year's
NxG Study Group included nearly 60 financial advisors in an event
that featured presentations by client acquisition expert
Bill Bachrach as well as
Jeff Sietstra of the Ladenburg
Practice Management Group.
As with the Super Women's Summit, a similar session will be held
in August at Ladenburg's second national conference.
Additionally, Ladenburg and its IAB subsidiaries are actively
exploring ways to potentially enable members of the study group to
meet on an ongoing basis in a digital format throughout the
year.
Jim Nagengast, CEO &
President of Securities America, said, "Despite all of the talk
around the impending shortage of qualified financial advisors who
can deliver professional guidance to underserved retail investors
across the country, the industry has continued to fall short in
translating noise into action. With the launch of NxG Connect
for all of Ladenburg, we are serving as a catalyst and guide for
the career development of younger advisors, who are the future of
our industry. Our first-ever enterprise-wide NxG Connect session
marks the commencement of a new stage of concerted efforts from
Ladenburg's family of firms to attract next-generation advisors,
show them that they are not alone, and accelerate their career
development. Through NxG Connect, next gen advisors have
dozens of senior advisors and industry experts who are there to
support them, and who are invested in their success."
Link to the Future Program Attracts Record Number of College
Student Attendees
As part of its national conference, Ladenburg also welcomed a
record number of 36 college students who are pursuing potential
careers in the financial advice industry to the event as part of
the firm's Link to the Future program.
Rolled out to all IABs across the Ladenburg enterprise in
January, Link to the Future seeks to identify and encourage future
financial advisors by providing college-age students who are
interested in careers in the industry with conference scholarships,
comprised of funding and access to national Ladenburg events.
At these events, program participants take part in a
specially-developed learning curriculum, while developing mentor
relationships with established financial advisors and home office
executives.
Janine Wertheim, President of
Securities America Advisors, Inc. and Senior Vice President and
Chief Marketing Officer of Securities America, said, "We are
thrilled to see the progress of the Link to the Future program.
Having been closely involved with the program since its inception
and rollout, it is clear that Link to the Future is resonating with
talented college students across the country – including the
daughters and sons of our current advisors – and that it is helping
to build relationships that will pave the way to successful
advisory careers for dozens of young people."
Other highlights of the conference included:
- General-session keynote addresses from entrepreneur, author and
investor Josh Linkner; author and
financial advice industry expert Bill
Bachrach; and astronaut, author and retired U.S. Navy Capt.
Scott Kelly
- A general session executive panel featuring Ladenburg Chairman,
President & CEO Richard Lampen,
Mr. Malamed, Ms. Ford and Mr. Nagengast
- Pre-conference workshops on a range of practice-management
topics, including the first-ever Prepared Buyer Workshop on "How to
Become an Informed and Confident Acquirer of a Financial Services
Practice."
Adam Malamed, Executive Vice
President and COO of Ladenburg, concluded, "Our commitment to
continuously investing in the strategic depth of events such as
these further demonstrates our company's ability to add value to
our IAB firms and their advisors, while strengthening the shared
values and relationships that define the broader Ladenburg
community. We are proud of our passion for innovation, our
vision for the future of financial advice and our company's ongoing
role as a champion for diversity across the financial advice
profession."
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
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SOURCE Ladenburg Thalmann Financial Services Inc.