sidebar

Connect: 319-210-7700

Connect: 319-210-7700

Articles / Resources

Financial Advisor IQ a Financial Times Service

Advisor Group-Ladenburg Deal Aims to Nip Advisor Dissent In The Bud

16:46 15 November in In the News by rafferty

November 14, 2019 By Mrinalini Krishna, Financial Advisor IQ A key provision of Advisor Group’s acquisition of Ladenburg Thalmann was likely designed to keep potentially disgruntled advisors loyal after the merger, according to experts. Now that Advisor Group has inked a $1.3 billion deal to acquire some 4,500 advisors from Ladenburg Thalmann, the next step will be keeping as many as possible within its network. Industry recruiters point to provisions of the deal, including preserving existing brand names and the promise not to force Ladenburg Thalman FAs to immediately move client records to Advisor Group systems, as signs the buyer was careful to keep potentially disgruntled advisors loyal after the merger. “We are confident this transaction will help our advisors accelerate the growth of their businesses, while enabling them to benefit from the highly personalized...

ThinkAdvisor logo

Advisor Group, Ladenburg Union Creates ‘LPL Alternative’

22:39 12 November in In the News by rafferty

November 12, 2019 By Janet Levaux, ThinkAdvisor The merged entity is just starting to look at retention bonuses and other issues, Advisor Group CEO Jamie Price tells ThinkAdvisor. Advisor Group said late Monday that — as had been anticipated — it’s buying Ladenburg Thalmann. This merger brings together up to 11,500 independent advisors, nine broker-dealers. $3.5 billion in yearly revenue and $450 billion in assets. CEO’s Outlook Discussing the next steps of the deal, which should wrap up in the first half of 2020, Advisor Group President and CEO Jamie Price was cautiously noncommittal when asked about any retention bonuses for the Ladenburg-affiliated reps. “There is not a ready answer for that today,” he said in an interview early Tuesday. “First, the merger involves no putting of Advisor Group firms into Ladenburg firms [or] Ladenburg firms into Advisor...

Investment News logo

No bonuses to advisers in Ladenburg Thalmann, Advisor Group deal

22:31 12 November in In the News by rafferty

November 12, 2019 By Bruce Kelly, Investment News But they will see extras in services, including trusts and insurance marketing, management says The 4,400 financial advisers working for Ladenburg Thalmann Financial Services Inc., soon to be bought by the Advisor Group, are not likely to see retention bonuses in their immediate future. Advisor Group said Monday night that it was buying Ladenburg Thalmann for $1.3 billion in cash, or $3.50 per share of Ladenburg's common stock. The pitch from senior management from both firms to those advisers, as well as to the 6,500 in the Advisor Group network, is that the new, behemoth brokerage network will offer them new and varied shared services that will eventually enhance their practices. When brokerage firms are bought, advisers often are paid special bonuses so they will stay at the...

AdvisorHUB logo

Advisor Group to Acquire Ladenburg in $1.3 Billion Deal

21:48 12 November in In the News by rafferty

November 12, 2019 By Staff, AdvisorHUB Advisor Group said Monday night it will buy Ladenburg Thalmann Financial Services in a cash deal that will preserve the independent broker-dealers’ nine brands, include almost 11,500 brokers and be led by Advisor Group CEO and President Jamie Price. The deal, which has an “enterprise value” of $1.3 billion based on Ladenburg’s common and preferred stock and outstanding debt, is expected to close in the first half of 2020. Phoenix-based Advisor Group operates FSC Securities Corporation, Royal Alliance Associates, SagePoint Financial and Woodbury Financial., while Miami-based Ladenburg is the parent of Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network (SSN). The combined firms will be second to LPL Financial Corp. by the size of its brokerage force. LPL had 16,349 affiliated independent brokers as of...