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Ladenburg Thalmann Tag

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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...

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Advisor Group, Cetera Financial seen as potential buyers of Ladenburg Thalmann

16:18 03 November in In the News by rafferty

November 1, 2019 By Bruce Kelly, Investment News Ladenburg should command a price of at least $1 billion, based on its enterprise value Advisor Group and Cetera Financial Group, along with a private-equity investor, are the likely buyers of Ladenburg Thalmann Financial Services Inc., according to several industry sources, with the value of the brokerage network and its 4,400 financial advisers estimated to be at least $1 billion. Ladenburg Thalmann is currently working with an adviser to weigh potential offers. Bloomberg News reported Friday afternoon that Ladenburg is in talks with Advisor Group, citing "people familiar with the matter." Several industry executives pointed to Advisor Group and Cetera Financial as good fits for Ladenburg Thalmann's network of five independent broker-dealers. Advisor Group and Cetera operate similar businesses with stand-alone broker-dealers that use multiple clearing firms for...

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Ladenburg Thalmann Exploring Sale: Report

18:13 01 November in In the News by rafferty

October 30, 2019 By Janet Levaux, ThinkAdvisor 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. What options could be on the table for Ladenburg? A member of the investment banking community told ThinkAdvisor that the sale...