ADVFN - Advanced Financial Network.
HOME» AMEX » L » LTS Stock Price » LTS Stock News

Ladenburg Thalmann Share News

 Ladenburg Thalmann Financial Services Stock Price
LTS Stock Price
 Ladenburg Thalmann Financial Services Stock Chart
LTS Stock Chart
 Ladenburg Thalmann Financial Services Stock News
LTS Stock News
 Ladenburg Thalmann Financial Services Company Information
LTS Company Information
 Ladenburg Thalmann Financial Services Stock Trades
LTS Stock Trades

Ladenburg To Buy Ameriprise's Securities America Unit For $150 Million

DOW JONES NEWSWIRES Ladenburg Thalmann Financial Services Inc. (LTS) agreed to acquire Ameriprise Financial Inc.'s (AMP) Securities America Financial Corp. broker-dealer unit for $150 million in cash, in an effort to increase its market share in the independent advisory space. The deal, expected to close by the end of the year, will be financed by an affiliate of Phillip Frost, Ladenburg's principal shareholder and chairman. Financial-services provider Ameriprise may also receive future payments if the independent broker-dealer reaches certain financial criteria. "The acquisition of Securities America is a transformative transaction for Ladenburg, enabling us to immediately bolster our position in the vibrant independent broker-dealer space and provide a platform for future growth," Frost said. Ladenburg, an investment-banking company, reported earlier this month it swung to second-quarter profit as revenue rose 27%, led by growth in its independent brokerage and advisory services businesses. Ameriprise said last month its second-quarter profit jumped 19% as revenue and assets under management grew. Shares of Ladenburg and Ameriprise closed Tuesday at $1.21 and $45.12, respectively. Both were inactive premarket. -By Melodie Warner, Dow Jones Newswires; 212-416-2283;

Stock News for Ladenburg Thalmann (LTS)
07/20/201509:00:00Triad Advisors Celebrates Continued Industry Recognition For...
07/14/201508:00:00Securities America Adds BEAM Asset Management with 32 Advisors...
07/08/201508:03:38Statement of Changes in Beneficial Ownership (4)
07/06/201508:05:59Statement of Changes in Beneficial Ownership (4)
07/06/201508:03:32Statement of Changes in Beneficial Ownership (4)
07/02/201508:00:21Statement of Changes in Beneficial Ownership (4)
07/01/201511:23:00Triad Advisors Congratulates Participants Of Chairman's Club...
07/01/201509:01:00Dynatronics Announces Completion Of $4,025,000 Private Placement...
07/01/201508:00:00Ladenburg Thalmann Financial Services Inc. Confirms Series A...
06/25/201508:00:00Securities America Advisor Haussmann Named One of Barron’s T...
06/12/201508:00:00Securities America Brings Compliance Sessions to Life with Speakers...
06/11/201508:00:00Securities America 2015 National Conference Includes Special...
06/10/201517:42:00Investacorp’s PlanForward15 National Conference Provides an E...
06/10/201508:00:51Statement of Changes in Beneficial Ownership (4)
06/05/201508:00:00Securities America Hosts 7th Annual Super Women’s Summit for F...
06/05/201507:35:10Statement of Changes in Beneficial Ownership (4)
06/03/201508:00:00Securities America 2015 National Conference Provides Robust Agenda...
05/22/201516:36:42Current Report Filing (8-k)
05/22/201516:33:42Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
05/21/201509:15:00Triad Advisors Welcomes Summit Financial Consultants To Its Broker-Dealer...

Ladenburg Thalmann and other American Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations