Ladenburg Thalmann
Encyclopedia
Ladenburg Thalmann Financial Services, a NYSE Amex-listed company , is a diversified financial services company with two primary business lines: (i) independent brokerage and advisory, and (ii) investment banking and capital markets. The Company is engaged in investment banking, equity research, institutional sales and trading, independent brokerage and advisory services, asset management services and trust services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc., Securities America, Investacorp, Inc., Triad Advisors, Inc., Ladenburg Thalmann Asset Management Inc. and Premier Trust, Inc. It is based in Miami, Florida.
Ladenburg Thalmann Financial Services is part of the Russell 3000 Index . The Company’s business model embodies a diversified financial services institution which pairs the recurring revenues of the independent brokerage and advisory businesses with the more volatile, but potentially highly lucrative, capital markets and investment banking business. The Company has over 2,700 financial advisors with approximately $70 billion in client assets .
, with regional offices in Miami and Boca Raton, Florida
; Melville, New York
; and Princeton, New Jersey
.
Ladenburg Thalmann quickly became one of the most influential private merchant banking firms, serving as a major financial intermediary between America, Great Britain, and the European Continent. Ladenburg Thalmann played an important role in financing the growth of American industry—particularly America’s railroads, utilities, and emerging industries—through the early twentieth century and was among the few investment banks to prosper during the Great Depression
. Since its beginnings, Ladenburg has provided significant value as financial advisors to investors, corporate managers, and directors while raising capital for emerging industries. It has financed the merger of Mexican Central National Railroad of Mexico, led the syndicate for New York Port Authority bonds and was the bank Albert Einstein
chose to invest 75% of his Nobel Prize
money.
In the early part of the 20th century, many notable businessmen joined Ladenburg Thalmann as partners, including Gerson von Bleichröder
and Benjamin Seymour Guinness. During World War II, Ladenburg Thalmann bought Deutsche Marks on behalf of the British Government.
headquartered in Miami, Florida, has been serving the independent registered representative community since 1978 and has approximately 440 independent financial advisors nationwide. Investacorp was acquired by Ladenburg Thalmann in October 2007.
headquartered in Norcross, Georgia
that offers a broad menu of products, services and total wealth management solutions to approximately 590 independent financial advisors nationwide. Triad was acquired by Ladenburg Thalmann in August 2008.
, with assets under management
of approximately $530 million. Working in combination with a client’s other legal and professional advisors, Premier professionals assist with every aspect of planning, including retirement, income and estate taxes, succession of the family business, transferring assets to future generations and asset protection. Premier was acquired by Ladenburg Thalmann in September 2010.
Ladenburg Thalmann Financial Services is part of the Russell 3000 Index . The Company’s business model embodies a diversified financial services institution which pairs the recurring revenues of the independent brokerage and advisory businesses with the more volatile, but potentially highly lucrative, capital markets and investment banking business. The Company has over 2,700 financial advisors with approximately $70 billion in client assets .
Ladenburg Thalmann & Co.
Founded in 1876 and a New York Stock Exchange member since 1879, Ladenburg Thalmann & Co. is a full service investment banking and brokerage firm providing services principally for middle market and emerging growth companies and high net worth individuals. Ladenburg Thalmann & Co. is based in in New York CityNew York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, with regional offices in Miami and Boca Raton, Florida
Boca Raton, Florida
Boca Raton is a city in Palm Beach County, Florida, USA, incorporated in May 1925. In the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. However, the majority of the people under the postal address of Boca Raton, about...
; Melville, New York
Melville, New York
Melville is a hamlet and census-designated place in the town of Huntington in Suffolk County on Long Island, New York, in the United States. As of the 2000 census, 14,533 people resided there.-Location:...
; and Princeton, New Jersey
Princeton, New Jersey
Princeton is a community located in Mercer County, New Jersey, United States. It is best known as the location of Princeton University, which has been sited in the community since 1756...
.
History
Ernst Thalmann, an American banker, and Adolph Ladenburg, the scion of a German banking family, founded Ladenburg Thalmann in 1876. In 1879, Ernst Thalmann paid $13,550 for a seat on the New York Stock Exchange.Ladenburg Thalmann quickly became one of the most influential private merchant banking firms, serving as a major financial intermediary between America, Great Britain, and the European Continent. Ladenburg Thalmann played an important role in financing the growth of American industry—particularly America’s railroads, utilities, and emerging industries—through the early twentieth century and was among the few investment banks to prosper during the Great Depression
Great Depression
The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...
. Since its beginnings, Ladenburg has provided significant value as financial advisors to investors, corporate managers, and directors while raising capital for emerging industries. It has financed the merger of Mexican Central National Railroad of Mexico, led the syndicate for New York Port Authority bonds and was the bank Albert Einstein
Albert Einstein
Albert Einstein was a German-born theoretical physicist who developed the theory of general relativity, effecting a revolution in physics. For this achievement, Einstein is often regarded as the father of modern physics and one of the most prolific intellects in human history...
chose to invest 75% of his Nobel Prize
Nobel Prize
The Nobel Prizes are annual international awards bestowed by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895...
money.
In the early part of the 20th century, many notable businessmen joined Ladenburg Thalmann as partners, including Gerson von Bleichröder
Gerson von Bleichröder
Gerson von Bleichröder was a Jewish German banker.Bleichröder was born in Berlin. He was the eldest son of Samuel Bleichröder, who founded the banking firm of S. Bleichröder in 1803 in Berlin...
and Benjamin Seymour Guinness. During World War II, Ladenburg Thalmann bought Deutsche Marks on behalf of the British Government.
Investacorp, Inc.
Investacorp, Inc., a leading independent broker-dealerBroker-dealer
A broker-dealer is a term used in United States financial services regulations. It is a natural person, a company or other organization that trades securities for its own account or on behalf of its customers....
headquartered in Miami, Florida, has been serving the independent registered representative community since 1978 and has approximately 440 independent financial advisors nationwide. Investacorp was acquired by Ladenburg Thalmann in October 2007.
Triad Advisors, Inc.
Founded in 1998, Triad Advisors, Inc. is a leading independent broker-dealer and registered investment advisorRegistered Investment Advisor
The term Registered Investment Adviser is used to describe an Investment Adviser who is registered with the Securities and Exchange Commission or a state's securities agency. The term has been popularized due to its use within the Investment Advisers Act of 1940 and its association to the term...
headquartered in Norcross, Georgia
Norcross, Georgia
As of 2010 Norcross had a population of 9,116. The racial and ethnic composition of the population was 40.8% white , 19.8% black or African American , 0.7% Native American, 2.1% Asian Indian, 10.7% Asian, 0.1% Pacific Islander, 21.5% from some other race and 4.3% reporting two or more races...
that offers a broad menu of products, services and total wealth management solutions to approximately 590 independent financial advisors nationwide. Triad was acquired by Ladenburg Thalmann in August 2008.
Premier Trust, Inc.
Founded in 2001, Premier Trust, Inc. is a Nevada-chartered trust company headquartered in Las Vegas, NevadaLas Vegas, Nevada
Las Vegas is the most populous city in the U.S. state of Nevada and is also the county seat of Clark County, Nevada. Las Vegas is an internationally renowned major resort city for gambling, shopping, and fine dining. The city bills itself as The Entertainment Capital of the World, and is famous...
, with assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
of approximately $530 million. Working in combination with a client’s other legal and professional advisors, Premier professionals assist with every aspect of planning, including retirement, income and estate taxes, succession of the family business, transferring assets to future generations and asset protection. Premier was acquired by Ladenburg Thalmann in September 2010.
Notable current and former employees
- Gerson von BleichröderGerson von BleichröderGerson von Bleichröder was a Jewish German banker.Bleichröder was born in Berlin. He was the eldest son of Samuel Bleichröder, who founded the banking firm of S. Bleichröder in 1803 in Berlin...
, Founder of the prominent Berlin banking firm of S. Bleichroder, banker to Otto von BismarckOtto von BismarckOtto Eduard Leopold, Prince of Bismarck, Duke of Lauenburg , simply known as Otto von Bismarck, was a Prussian-German statesman whose actions unified Germany, made it a major player in world affairs, and created a balance of power that kept Europe at peace after 1871.As Minister President of...
, the Prussian State and the German Empire - Lionel PincusLionel PincusLionel I. Pincus was an American finance executive, venture capitalist, and entrepreneur. He was the founder of the private equity firm Warburg Pincus, running it from 1966 to 2002, and later became the chairman emeritus of the company.-Early life:Pincus was born 2 March 1931 in Philadelphia,...
, Founder of Warburg PincusWarburg PincusWarburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966... - Dr. Phillip FrostPhillip Frost- Early Career :Dr. Frost earned a B.A. in French Literature from the University of Pennsylvania in 1957. He received an M.D. from the Albert Einstein College of Medicine in 1961 and attended the University of Paris from 1955 to 1956. He served as a Lieutenant Commander, U.S. Public Health Service...
, Past Chairman of the Board of Key Pharmaceuticals; Past Chairman and CEO of IVAX Corporation; and Chairman of the Boards of Teva Pharmaceuticals Industries Ltd; OPKO Health, Inc. and Ladenburg Thalmann Financial Services - Bennett LeBow, Chairman of the Board and CEO of Vector GroupVector GroupVector Group Ltd. is a Miami, Florida-based, publicly traded holding company founded by its Chairman, Bennett S. LeBow. Howard Lorber serves as President and Chief Executive Officer of Vector Group Ltd.. The company is headquartered in the Miami Tower in Downtown Miami.The company's holdings...
and Borders GroupBorders GroupBorders Group, Inc. was an international book and music retailer based in Ann Arbor, Michigan. The company employed approximately 19,500 throughout the U.S., primarily in its Borders and Waldenbooks stores.... - Benjamin GuinnessBenjamin GuinnessSir Benjamin Lee Guinness, 1st Baronet was an Irish brewer and philanthropist.-Brewer:Born in Dublin, he was the third son of the second Arthur Guinness , and his wife Anne Lee, and a grandson of the latter's namesake who founded the Guinness brewery in 1759...
member of the Guinness familyGuinness familyThe Guinness family is an extensive aristocratic Irish Protestant family noted for their accomplishments in brewing, banking, politics and religious ministry...