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)
10/26/201609:02:00Fifth Annual Ladenburg Institute of Women & Finance Symposium...
10/18/201608:01:18Statement of Changes in Beneficial Ownership (4)
10/18/201607:00:00Securities America Tops $1 Billion in Mobile Check Deposits
10/12/201607:00:00Securities America Receives Industry Award for Next Level Coaching...
10/04/201609:00:00Triad Advisors Raises Over $45,000 For Operation FINALLY HOME...
10/04/201607:36:30Statement of Changes in Beneficial Ownership (4)
10/03/201608:00:00Ladenburg Thalmann Financial Services Inc. Confirms Series A...
09/28/201607:00:00Securities America to Host 19th Annual Conference for Advisor...
09/26/201607:00:00Securities America Acquires Assets of Wall Street Financial Group
09/22/201609:00:00Triad Advisors Facilitates Merger Between Summit Financial Consultants...
09/07/201609:00:00Triad Advisors Kicks Off 19th Annual National Conference In Austin...
09/01/201607:52:01Statement of Changes in Beneficial Ownership (4)
08/30/201607:46:04Statement of Changes in Beneficial Ownership (4)
08/30/201607:00:00Securities America Conference an Eye-Opener for Financial Institution...
08/25/201609:00:00Triad Advisors Welcomes Head Investment Partners To Its Broker-Dealer...
08/25/201607:00:00Securities America Welcomes Midtown Financial Advisors of Greensboro...
08/19/201607:00:00Securities America to Acquire Assets of Foothill Securities of...
08/17/201609:00:00Triad Advisors Welcomes Pinkerton Retirement Specialists, LLC...
08/17/201608:02:53Statement of Changes in Beneficial Ownership (4)
08/15/201616:21:53Form 13f Holdings Report (13f-hr)

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations