Ladenburg Thalmann Exploring Sale: Report
November 6, 2019 by Janet Levaux
Ladenburg Thalmann, which owns a group of independent broker-dealers with about 4,500 advisors, is considering its ownership options, according to Bloomberg News.
The firm’s IBDs are Securities America, Triad Advisors, Investacorp, Securities Service Network and KMS Financial Services.
“As a matter of corporate policy, we don’t comment on market rumors or speculation,” CEO Richard Lampen said in an email to Ladenburg’s affiliated advisors.
“Everyone at Ladenburg remains focused on running the business and continuing to serve your needs,” Lampen said. “If you are asked about this news by your clients, you can assure them that it is business as usual.” He said the firm’s financial performance had been strong.