After rivals change hands, Ladenburg reportedly weighing sale By Tobias Salinger
November 13, 2019 by Tobias Salinger
The Ladenburg Thalmann network of five independent broker-dealers with 4,400 financial advisors is reportedly weighing whether to be the next major wealth management firm to go up for sale.
Ladenburg has tapped an advisory team to seek bids for the Miami-based firm, but company executives haven’t made a final decision, people familiar with the matter told Bloomberg News on Oct. 29. Representatives for the firm didn’t respond to requests for comment.
“Ladenburg has shown strong performance on a standalone basis,” Ladenburg CEO Dick Lampen said in an email blast to advisors that was obtained by Financial Planning. The message went out after Bloomberg published the story.