| Type | Public NYSE AMEX: LTS |
|---|---|
| Industry | Investment Services |
| Founded | New York City, New York, United States (1876) |
| Headquarters | Miami, Florida, United States |
| Key people | Dr. Phillip Frost, Chairman Richard J. Lampen, President & CEO |
| Products | Investment Banking Equity Research Institutional Sales and Trading Independent Brokerage and Advisory Services Asset Management Trust Services |
| Revenue | $194.5 million USD (2010) |
| Employees | 2,700 Employees and Advisors |
| Website | www.ladenburg.com |
Ladenburg Thalmann Financial Services, a NYSE Amex-listed company (AMEX: LTS), is a diversified financial services company with two primary business lines: (i) independent brokerage and advisory, and (ii) investment banking and capital markets. The Company is engaged in investment banking, equity research, institutional sales and trading, independent brokerage and advisory services, asset management services and trust services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Securities America, Investacorp, Inc., Triad Advisors, Inc., Ladenburg Thalmann Asset Management Inc. and Premier Trust, Inc. It is based in Miami, Florida.[1]
Ladenburg Thalmann Financial Services is part of the Russell 3000 Index.[2] The Company’s business model embodies a diversified financial services institution which pairs the recurring revenues of the independent brokerage and advisory businesses with the more volatile, but potentially highly lucrative, capital markets and investment banking business.[3] The Company has over 2,700 financial advisors with approximately $70 billion in client assets.[4]
Contents |
Founded in 1876 and a New York Stock Exchange member since 1879, Ladenburg Thalmann & Co. is a full service investment banking and brokerage firm providing services principally for middle market and emerging growth companies and high net worth individuals. Ladenburg Thalmann & Co. is based in in New York City, with regional offices in Miami and Boca Raton, Florida; Melville, New York; and Princeton, New Jersey.[5]
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.
Ladenburg Thalmann quickly became one of the most influential private merchant banking firms, serving as a major financial intermediary between America, Great Britain, and the European Continent. Ladenburg Thalmann played an important role in financing the growth of American industry—particularly America’s railroads, utilities, and emerging industries—through the early twentieth century and was among the few investment banks to prosper during the Great Depression. Since its beginnings, Ladenburg has provided significant value as financial advisors to investors, corporate managers, and directors while raising capital for emerging industries.[6] It has financed the merger of Mexican Central National Railroad of Mexico, led the syndicate for New York Port Authority bonds and was the bank Albert Einstein chose to invest 75% of his Nobel Prize money.
In the early part of the 20th century, many notable businessmen joined Ladenburg Thalmann as partners, including Gerson von Bleichröder and Benjamin Seymour Guinness. During World War II, Ladenburg Thalmann bought Deutsche Marks on behalf of the British Government.
Investacorp, Inc., a leading independent broker-dealer headquartered in Miami, Florida, has been serving the independent registered representative community since 1978 and has approximately 440 independent financial advisors nationwide. Investacorp was acquired by Ladenburg Thalmann in October 2007.[7]
Founded in 1998, Triad Advisors, Inc. is a leading independent broker-dealer and registered investment advisor headquartered in Norcross, Georgia that offers a broad menu of products, services and total wealth management solutions to approximately 590 independent financial advisors nationwide. Triad was acquired by Ladenburg Thalmann in August 2008.[8]
Founded in 2001, Premier Trust, Inc. is a Nevada-chartered trust company headquartered in Las Vegas, Nevada, with assets under management of approximately $530 million. Working in combination with a client’s other legal and professional advisors, Premier professionals assist with every aspect of planning, including retirement, income and estate taxes, succession of the family business, transferring assets to future generations and asset protection. Premier was acquired by Ladenburg Thalmann in September 2010.[9]