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Ladenburg Launches Due Diligence Platform Led by Former Advisor Group Exec

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS) launches enterprise-wide due diligence platform and appoints veteran industry due diligence executive Thayer Gallison to head the new platform.

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded diversified financial services company, has launched an enterprise-wide due diligence platform and appointed veteran industry due diligence executive Thayer Gallison to head the new platform.

The newly created platform will provide product analysis, due diligence, and ongoing performance monitoring to the five subsidiaries that comprise Ladenburg’s network of independent advisory and brokerage firms: Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network.

In his newly created position, Gallison will serve as vice president – due diligence officer, and will be based in Atlanta, reporting directly to Craig Timm, Ladenburg’s chief risk officer.

“Our new platform substantially augments the existing capabilities of each of our subsidiaries in product due diligence and oversight, crucial areas that would otherwise consume considerable bandwidth among each firm’s home office staff,” said president and chief executive officer Richard Lampen. “As such, this move reinforces the autonomy of our subsidiaries by enabling them to direct newly liberated resources to areas of the business where they believe their firms can offer the most distinctive strategic advantages to the financial advisors they serve.”

Gallison will work closely with Ladenburg’s executive management team to further build out and structure the new due diligence platform, which will spearhead product due diligence processes across the firm’s five independent advisory and brokerage subsidiaries.

Gallison will manage all existing due diligence team members across Ladenburg’s subsidiaries, and will also be responsible for developing, implementing and monitoring procedures to support due diligence policy and management.

Prior to joining Ladenburg, Gallison held a series of leadership positions of escalating responsibility over nearly seven years at Advisor Group. Most recently, he served as Advisor Group’s vice president for investment research and product due diligence, where he led development, implementation and execution of all investment research, due diligence and product strategy.

Prior to his time at Advisor Group, Gallison served as a senior investment analyst at MV Capital Management in Atlanta.

Ladenburg Thalmann Financial Services is based in Miami, Florida and its five wholly-owned subsidiary firms collectively support 4,000 financial advisors across the country. 

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