Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) and the Financial Services Institute (FSI) today announced that all three of Ladenburg’s independent broker-dealer subsidiaries – Securities America, Triad Advisors and Investacorp – as well as their approximately 2,700 affiliated independent financial advisors are now FSI members for 2012. With the addition of the Ladenburg Thalmann advisors, FSI’s financial advisor membership count is now more than 33,000 financial advisors.
Richard Lampen, President and Chief Executive Officer of Ladenburg, stated: “The FSI is a strong advocate for the independent broker-dealer and independent financial advisor community and we’re pleased to be partnering with this organization to help advance its important mission. With Triad, Investacorp and the recent addition of Securities America, Ladenburg has approximately $70 billion in client assets and is in a leadership position in the attractive independent brokerage and advisory space, one of the most vibrant areas in the financial services industry. By enrolling all of our 2,700 independent financial advisors in the FSI, we’re helping to ensure that our advisors’ voices are heard in Washington and the states in which they operate as we continue to grow the Ladenburg franchise.”
FSI’s EVP & COO, Keith Kelly, added: “The momentum our members are creating is infectious and will pay off in big ways this year. The simple fact is, with commitment like this from firms like Ladenburg Thalmann, the possibilities of what FSI can accomplish for all of its members are limitless. Every new partnership brings us one step closer to creating a healthier, more business-friendly environment for our members to thrive.”
Kelly continued, “For FSI financial advisor members, there is no secret or confusion about what you get: it is strong and effective advocacy – period. Our member firms and their financial advisors are the best in the business at providing unbiased advice to hard-working Americans. FSI works every day to protect the independent business model; and every independent financial advisor should take control of their future and join the fight to protect their business by becoming an FSI financial advisor member.”In addition to advocacy, FSI financial advisor members receive: free, on-demand, members-only Web conferences and podcasts on timely advocacy related-topics critical to their business; quarterly advisor briefing calls; access to analyses of regulatory and legislative proposals; an Advocacy Action Center to easily communicate with legislators and regulators; opportunities to visit Capitol Hill and educate lawmakers; and exclusive FSI publications and communications.