Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded financial services company, has launched LIFT University, a program that encourages female college students to enter the financial advisor profession when they graduate. The program was launched at the Ladenburg Institute of Women & Finance’s Seventh Annual Symposium, which concluded late last week.
Ladenburg has five independent advisory and brokerage subsidiaries that include Securities America, Triad Advisors, KMS Financial Services, Investacorp, and Securities Service Network.
LIFT University enabled 10 female students from multiple colleges who are interested in potentially becoming financial advisors to attend the symposium with all travel and lodging expenses paid.
The students were each assigned a female advisor mentor to guide them through the event, discuss how they believe women can most effectively succeed in the profession, and remain in contact with their assigned mentee after the event concluded.
“As more women take on roles as financial decision makers, breadwinners and heads of their households, the financial advice industry must evolve to better reflect this audience and create solutions that meet their specific needs,” said Jaime Desmond, COO of Ladenburg Thalmann Asset Management. “Hiring, training, and bringing together more women advisors is a major aspect of accomplishing that goal.”
The Ladenburg Institute of Women & Finance Symposium was established to raise the representation of women advisors in the industry, and to help promote their professional success through education and business coaching resources; mentoring programs between senior female advisors and junior female advisors; and the sharing of best practices.
Ladenburg Thalman 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.