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Ladenburg Launches New Succession Planning Platform

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded financial services company, has launched a new succession, continuity and acquisitions platform for its independent advisory and brokerage subsidiaries.

Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded financial services company, has launched a new succession, continuity and acquisitions platform for its independent advisory and brokerage subsidiaries.

According to the firm, the suite of service offerings and tools were developed to assist advisers in achieving their business goals through acquiring other practices, selling their own businesses, and helping to develop continuity plans.

Ladenburg’s five subsidiary firms include Securities America, Triad Advisors, KMS Financial Services, Investacorp, and Securities Service Network.

The platform is supported by two succession planning and acquisitions coaches, with another four business coaches providing additional support. The coaches serve as a resource to independent advisors through the process of developing and executing succession plans and related practice acquisitions and sales.

“Recent shifts in business lending, technology and practice management have collectively generated accelerated change in the area of succession planning for independent advisors across the country,” Adam Malamed, CEO, said in a statement.

The key features of the platform include education and planning, advisor matching, transaction structuring, valuation and practice transitions.

Advisors will have access to the Ladenburg advisory practice listing website, which enables potential buyers and sellers to list their practices for review by prospective transaction partners within the network.

Advisors will also have access to financing options through a newly-formed transaction financing platform that leverages Ladenburg’s partnerships with banks, lending institutions and other third-party industry funding sources.

Ladenburg is the fourth-largest firm within the independent financial advice space, supporting 4,300 financial advisors and over $168 billion in advisory and brokerage client assets.

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