Securities America will have a new corporate parent, Ladenburg Thalmann Financial Services, whose Ladenburg Thalmann & Co. Inc. subsidiary has been a New York Stock Exchange member firm since 1879.
Securities America will continue to operate as a stand-alone business overseen by the current management team and based out of their La Vista headquarters. All of their processes will remain exactly the same, including no changes to their name, management team, systems, forms or agreements. The only change will be access to additional tools and resources from Ladenburg and its other subsidiaries.
Securities America fits well with Ladenburg’s goal to build a powerful presence in the independent broker-dealer marketplace by growing with the right players and expanding its platform of enhanced service and product offerings. Ladenburg has a track record of maintaining the independence of its broker-dealers, Investacorp and Triad, following their acquisitions. Ladenburg recognizes and values Securities America’s industry-leading technology, risk management and business growth resources, and is planning on building on those successes.
Ladenburg is supported by a strong, experienced management team led by Chairman and majority shareholder Dr. Phillip Frost, one of the most successful and philanthropic businessmen in the world. Securities America will benefit by working with Dr. Frost and Richard Lampen, Ladenburg’s President and Chief Executive Officer, as it continues to build its business and expand their network of financial advisors.
The transaction is expected to be closed before year-end, following the completion of certain regulatory approvals and customary closing conditions. Securities America’s corporate communications team leader, Natalie Hadley has been put in-charge of media queries.
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