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; [email protected]

Stock News for Ladenburg Thalmann (LTS)
03/23/201707:41:31Statement of Changes in Beneficial Ownership (4)
03/21/201707:44:10Statement of Changes in Beneficial Ownership (4)
03/20/201707:20:14Statement of Changes in Beneficial Ownership (4)
03/20/201707:18:16Statement of Changes in Beneficial Ownership (4)
03/20/201707:16:55Statement of Changes in Beneficial Ownership (4)
03/16/201717:27:28Current Report Filing (8-k)
03/16/201710:00:00Securities Service Network Successfully Concludes Inaugural Top...
03/16/201709:00:00Triad Advisors Welcomes Legacy Wealth Partners To Its Hybrid...
03/16/201708:13:16Securities Registration Statement (simplified Form) (s-3)
03/16/201708:01:14Annual Report (10-k)
03/16/201707:30:00Ladenburg Thalmann Reports Fourth Quarter and Full Year 2016...
03/02/201707:00:00Securities America Introduces Behavioral Finance Training
02/28/201707:00:00Securities America Welcomes Legacy Advisor Network
02/23/201709:00:00Triad Advisors Welcomes Resources Investment Advisors To Broker-Dealer...
02/14/201717:59:49Form 13f Holdings Report (13f-hr)
02/06/201709:00:00Triad Advisors Successfully Concludes 13th Annual Alternative...
02/06/201708:00:00Ladenburg Thalmann Appoints Barney Monte as Managing Director...
01/26/201707:00:00Securities America Promotes Seven Officers
01/24/201718:02:52Statement of Changes in Beneficial Ownership (4)
01/24/201718:02:01Statement of Changes in Beneficial Ownership (4)

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