Ladenburg Thalmann Financial Services Inc. (LTS) - NYSEMKT
  • Feb. 23, 2015, 5:52 PM
    | Feb. 23, 2015, 5:52 PM
  • Sep. 23, 2014, 11:02 AM
    • Ladenburg Thalman (LTS +1.4%) yesterday announced an agreement to purchase Knoxville-based Securities Service Network for $45M - $25M in cash and $20M of four-year notes.
    • Founded in 1983, SSN has about 450 financial advisors and roughly $13B in client assets. The business had revenue of $115M for the year ended June 30.
    • Following this deal and two other pending purchases, Ladenburg's network of brokerages will have about 4K financial advisors, $125B in client assets, and revenues of $1.1B.
    • Barrington boosts its price target on the Outperform-rated name to $5 from $4.25, noting the fast pace of acquisitions this year.
    | Sep. 23, 2014, 11:02 AM
Company Description
Ladenburg Thalmann Financial Services, Inc. is engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, and asset management services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Investacorp, Inc., Triad... More
Sector: Financial
Industry: Investment Brokerage - National
Country: United States