KMS Financial Services Announces Officer Promotions
December 20 2016 - 8:30AM
Business Wire
KMS Financial Services, Inc., a wholly-owned subsidiary of
Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS, LTS PrA)
announced today that, effective January 1, 2017, Eric Westberg will
become KMS’ Chairman and CEO, Tracy “Ace” Forsythe will become the
firm’s President and Chief Legal Officer, and Aileen G. Krohn will
become Executive Vice President. KMS is a Seattle-based
broker-dealer and investment advisory firm that has served
experienced investment professionals since 1971.
Mr. Westberg, Ms. Krohn, and Mr. Forsythe have held senior
leadership roles at KMS for a number of years and will continue to
guide its management team in providing exceptional service to more
than 350 independent advisors.
Mr. Westberg joined KMS in 1987, deploying his legal and
accounting background across a range of compliance, legal and due
diligence responsibilities. Mr. Westberg previously served as KMS’
Chief Compliance Officer and Executive Vice President before being
named President and Chief Operating Officer in 2011. Mr. Forsythe,
KMS’ new President and CLO, joined KMS in 1998 from private law
practice. He has served as the firm’s Chief Compliance Officer
since 2008. Ms. Krohn joined KMS in 1991 as a securities operations
specialist and has overseen all aspects of the firm’s brokerage and
advisory operations, most recently as Managing Director of
Operations.
Mr. Westberg succeeds Mark Hamby, who is retiring after 33 years
with KMS, including 19 years as its CEO. Mr. Hamby said, “There has
been no more rewarding aspect of my 33 years at KMS than working
with these outstanding individuals through our firm’s significant
growth and the challenges we’ve faced. They lead a remarkably
capable, dedicated group of individuals who provide extraordinary
service to our advisors.”
Eric Westberg said, "It has been a privilege to have worked with
Mark Hamby for almost 30 years and an honor to succeed him as
Chairman and CEO. Along with Ace and Aileen, I look forward to
continuing Mark’s commitment to reasoned stewardship of this firm
and to the advisors we serve. With multi-custodian platforms and
flexible business models, KMS continues to be the logical choice
for outstanding, experienced financial professionals.”
Richard Lampen, CEO of Ladenburg Thalmann Financial Services,
Inc., said, "This seamless leadership evolution is a reflection of
the deep bench that Mark Hamby and Ken Snider developed at KMS
Financial Services. We congratulate Eric, Ace and Aileen on their
new roles and look forward to working with them as the firm builds
on its strong reputation as one of the top destinations for
independent advisors."
About KMS Financial Services,
Inc.
Headquartered in Seattle, WA, KMS Financial Services, Inc. is a
national, independent broker-dealer and multi-custodial
SEC-Registered Investment Advisor (RIA) that serves experienced
financial professionals around the country. KMS advisors access a
comprehensive platform of products, trading and technology systems
to provide customized wealth management solutions to their clients.
KMS is an independently operated, wholly-owned subsidiary of
Ladenburg Thalmann Financial Services Inc. For more information,
please visit www.kms.com.
About Ladenburg
Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS, LTS
PrA) is a publicly-traded diversified financial services company
based in Miami, Florida. Ladenburg's subsidiaries include
industry-leading independent broker-dealer firms Securities
America, Inc., Triad Advisors, Inc., Securities Service Network,
Inc., Investacorp, Inc. and KMS Financial Services, Inc., as well
as Premier Trust, Inc., Ladenburg Thalmann Asset Management Inc.,
Highland Capital Brokerage, Inc., a leading independent life
insurance brokerage company, and Ladenburg Thalmann & Co. Inc.,
an investment bank which has been a member of the New York Stock
Exchange for over 135 years. The company is committed to investing
in the growth of its subsidiaries while respecting and maintaining
their individual business identities, cultures, and leadership. For
more information, please visit www.ladenburg.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161220005540/en/
Sard Verbinnen & CoEmily Deissler/Benjamin
Spicehandler212-687-8080
Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ladenburg Thalmann Finan... (AMEX:LTS)
Historical Stock Chart
From Apr 2023 to Apr 2024