Ladenburg Thalmann

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Ladenburg Thalmann
Type Public AMEX: LTS
Founded New York City (1876)
Headquarters New York City
Key people Philip Frost, Chairman Richard J. Lampen, President & CEO
Industry Investment services
Products Financial Services
Investment Banking
Investment management
Revenue ▲$95.8 million USD (2007)
Net income ▲9.4 million USD (2007)
Employees 173
Website www.ladenburg.com
This article is about the investment bank. For the German town, see Ladenburg.

Ladenburg Thalmann & Co. Inc. (AMEX: LTS), is an investment bank and broker founded in 1876. The firm became a member of the New York Stock Exchange in 1879 and was a major Wall Street player into the 1950s.

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[edit] Overview

The company is engaged in retail & institutional brokerage services, investment banking, and asset maangement. The company is headquarted in Miami and has offices in New York City, Los Angeles, Melville, New York, Princeton, New Jersey, Columbus, Ohio, Boca Raton, Florida, Lincolnshire, Illinois and Houston. The company operates two segments: Ladenburg Thalmann & Co. and Investacorp. The company acquired New York based Investment Bank Punk Ziegel & Co. in 2008.

[edit] History

Ernst Thalmann, an American banker, and Adolph Ladenburg, the scion of a German banking family, founded Ladenburg Thalmann in 1876. In 1879 Ernst Thalmann paid $13,550 for a seat on the New York Stock Exchange. In the early part of the 20th century many notable businessmen joined Ladenburg as Partners including Gerson von Bleichroder and Benjamin Seymour Guinness. During World War II Ladenburg bought Deutschmarks on behalf of the British Government. The firm counts Albert Einstein as one of their early clients. Today the firm is a leading underwriter in Special Purpose Acquisition Companies (SPACs).


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