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IBD Completes Acquisition Valued at $45 Million

Ladenburg Thalmann, a publicly-traded diversified financial services company and parent to several independent broker-dealers (IBD), announced this morning it has completed an acquisition of another IBD.

As reported in September by The DI Wire, Ladenburg added 450 advisors, $13 billion in assets, and $115 million in revenue with its acquisition of Securities Service Network, Inc. (SSN), which is based in Knoxville, TN.

Be sure to read Ladenburg Acquires 450 Advisors with IBD Purchase.

The SSN acquisition follows an August announcement to acquire KMS Financial Services, Inc.

Ladenburg’s network of independent broker-dealers includes Securities America, Inc., Triad Advisors, Inc., Investacorp, Inc., KMS Financial Services, Inc., and now Securities Service Network, Inc.

Ladenburg’s Securities America also has grown through acquisitions as of late. In July the IBD picked up 268 advisors from Sunset Financial.