ATLANTA, Sept. 12, 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) and a leading independent
advisory and brokerage (IAB) firm supporting independent hybrid
financial advisory practices and registered investment advisory
(RIA) firms, announced today that its Triad Hybrid Solutions (THS)
arm has expanded its total assets under management by more than
$1 billion since the beginning of
2018 through strong recruiting efforts.
THS operates as an RIA and provides operational, compliance and
technology support to advisory practices spanning the full spectrum
of hybrid business models. THS's growth more than doubled the
assets overseen by its affiliated advisors since the start of last
year.
Michael Bryan, CEO of Triad
Hybrid Solutions, said, "Advisors are a fiercely independent breed
who cherish the ability to offer clients unbiased and carefully
tailored financial guidance. Our platform is built to empower the
full range of evolving advisory business models. That such varied
hybrid advisory practices have joined us is testament to the
adaptability of our solutions that can help accelerate their
growth. It also speaks to the benefits available to advisors as
part of the Ladenburg network."
THS' gross AUM grew to approximately $2
billion as of June 30, 2019,
up $1.3 billion from what it was on
Dec. 31, 2017. Over that same period,
the platform added 31 licensed professionals across multiple
teams.
Advisors that joined THS' platform ranged widely in size, with
the largest in terms of client assets overseeing $590 million, while the smallest oversaw
$26 million. Advisors were also drawn
to THS' ability to help them address a range of strategic needs,
including upgrading technology infrastructure and offloading
complexity by operating under the Triad Hybrid Solutions RIA,
rather than operating independent registered investment advisors
themselves.
Jeff Rosenthal, CEO of Triad
Advisors, said, "The success of Triad Hybrid Solutions is a clear
sign of the team's ability to identify new recruits and
persuasively present the benefits that Triad, THS and Ladenburg
offer in helping these advisors expand their businesses. As part of
Triad and the Ladenburg network of firms, we are able to offer the
best of all worlds to the widest possible range of advisors,
combining scale, resources and platforms with in-depth expertise in
serving advisors' needs in order to allow them to do what they do
best – focus on clients and grow their businesses."
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, LTS PrA, LTSL, LTSF, LTSK, LTSH). For more
information, please visit www.triad-advisors.com.
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.
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