Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), a publicly-traded diversified financial services company, has launched its enterprise-level advanced planning group, comprised of a team of consulting tax planning, estate planning and business planning professionals who can act as a resource for financial advisors affiliated with its independent advisory and brokerage firms. These include Securities America, Triad Advisors, Securities Service Network, Investacorp, and KMS Financial Services.
“From helping advisors navigate sensitive family dynamics while facilitating intergenerational wealth transfers, to constructing tax-smart portfolio strategies that require continuous monitoring, to supporting the corporate retirement plans of business owner wealth management clients with in-depth annual plan diagnostics and much more, the Advanced Planning Group enables financial advisors to add greater value to client relationships,” the company said in a statement.
Earlier this week, Ladenburg concluded its second annual ELEVATE Advisory Symposium, where more than 300 financial advisors affiliated with its five advisory and brokerage subsidiaries attended the event.
“We kicked off 2019 with a resoundingly successful second annual ELEVATE Symposium, building on the high level of energy and engagement from our inaugural event from over a year ago,” said Richard Lampen, chairman, president and chief executive officer of Ladenburg. “We’re pleased with the overwhelmingly positive response among our invitees to the insights and expertise showcased at this conference, along with the enhanced networking and best practices sharing opportunities for financial advisors, strategic partners and home office staff.”
In a related development, Ladenburg also announced the rollout to all of its independent advisory and brokerage firms and their financial advisors of the “Link to the Future” initiative, first introduced in April of last year by Securities America to its advisors.
The initiative provides college students across the country who are interested in entering the financial advice profession with funding and access to industry events, as well as potential mentoring relationships with established financial advisors and home office executives.
At this year’s symposium, there were 20 recipients who received conference scholarships that cover their travel and lodging expenses, along with full access to the event’s educational and professional sessions. The program also connected scholarship winners with selected financial advisors who served as on-site hosts to answer students’ questions about the profession, guide them through various breakout sessions, and potentially build mentor relationships.
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.