Ladenburg Thalmann Is on the Block
October 30, 2019 By Diana Britton. WealthManagement.com Ladenburg Thalmann, home to five broker/dealers and some 4,700 advisors, may be on the block, and has hired Jefferies to advise on the process of exploring its options, according to sources within the investment banking community. Sources noted that this will most likely be an acquisition by a private equity firm that either already owns a firm within the space, or is interested in entering the space in a major way. If it were sold to a private equity firm, it would most certainly be in the form of a change of ownership and taken private; it would not likely be sold in pieces, sources in the investment banking community said. Bloomberg first reported the news Tuesday. The stock jumped 12% on the report, though it has pared back some of those...
