ATLANTA, Jan. 7, 2019
/PRNewswire/ -- Triad Advisors, LLC ("Triad" or "the Firm"), a
wholly owned subsidiary of Ladenburg Thalmann Financial Services
Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF, LTSK), and Resources
Investment Advisors, LLC ("Resources"), a leading wealth management
and retirement plan-focused hybrid RIA and OSJ firm, jointly
announced the successful recruitment of Retirement Benefits Group
(RBG), a retirement plan-focused advisory firm with over
$10 billion in assets under
administration (AUA). (Assets under administration includes
fee-based advisory, brokerage and plan-based client assets.) Triad
Advisors is a leading independent advisory and brokerage (IAB) firm
supporting independent hybrid financial advisory practices and
registered investment advisory (RIA) firms.
RBG provides consulting services and guidance to retirement plan
sponsors through its headquarters location in San Diego and 15 affiliated offices
nationwide. The firm's 68 advisors and staff provide a
comprehensive range of services including plan design, investment
monitoring and fiduciary services, as well as private client wealth
management. The firm currently serves more than 580 total
retirement plans.
Based in Overland Park, Kansas,
Resources Investment Advisors serves approximately 160 advisors
across 48 affiliated offices nationwide, who collectively advise
more than 2,100 corporate retirement plans with approximately
$36 billion in total assets under
management. The group's advisors also have more than $3 billion in total client assets through their
wealth management operations.
RBG, which will continue to support independent financial
advisors under its current brand and leadership structure, will
affiliate with Resources Investment Advisors ("Resources"), which
specializes in supporting independent financial advisors focused on
company retirement plans and private wealth management. Resources,
which affiliated with Triad in early 2017, will be one of the
leading networks of corporate retirement plan-focused advisors in
the country. In addition to leveraging the platforms and solutions
offered by Resources, RBG will also utilize Triad's independent RIA
and hybrid brokerage services.
Jeff Rosenthal, President and
Chief Executive Officer of Triad Advisors, said, "Leading
retirement plan consulting teams like Retirement Benefits Group are
looking for strong partner firms that can fully align around their
needs in today's highly complex retirement plan advice space. Firms
like RBG that are ready to move to a new stage of growth require
world-class infrastructure, a sophisticated understanding of the
retirement plan space and a hands-on service model that can
accelerate the success of their affiliated advisors. At Triad,
we're pleased to deliver these strengths, together with the
exceptional value-added services and solutions that we can provide
through our parent company, Ladenburg Thalmann. We're proud to
serve RBG, and we look forward to helping drive the firm's
continued success in close collaboration with Resources Investment
Advisors."
Vince Morris, Founder and
President of Resources Investment Advisors, said, "Today's
corporate retirement plan marketplace offers truly unique
opportunities for well-resourced financial advisors to effectively
support plan sponsors and plan participants in an evolving and
highly complex landscape. Plan participants need more in-depth and
sophisticated offerings to help them properly prepare for
retirement, while sponsors need more comprehensive guidance,
expertise and innovation from the advisors who support their plans.
Along with multiple investments we have made over the past two
years in significantly expanding our support infrastructure, our
announcement today further strengthens the market position of both
Resources and RBG, with the enhanced scale and market reach our
advisors need to stay one step ahead in this environment, for the
benefit of both their businesses and their clients."
Sean Ciemiewicz, Principal of
Retirement Benefits Group, said, "Our new affiliation with
Resources Investment Advisors and Triad Advisors presents our group
with opportunities for accelerated growth by providing plan
sponsors and plan participants with the support they need to meet
their goals. Last year served as a strategic inflection point for
RBG to take a fresh look at the firms we work with to create the
best possible combination of culture, high-touch service,
retirement plan expertise and immediate access to the tools and
resources our advisors expect. After a comprehensive review,
Resources and Triad emerged as the best possible partners to help
us bring our future vision for RBG to fruition. We look forward to
leveraging our new relationships with Resources and Triad to
further advance our ability to serve financial advisors, retirement
plan sponsors and plan participants."
About Triad Advisors
Headquartered in Atlanta, GA, Triad Advisors, LLC is a
national, independent advisory and brokerage firm as well as a
multi-custodial SEC-Registered Investment Adviser (RIA) that is an
early pioneer and continued leader in the Hybrid RIA marketplace.
The company provides a comprehensive platform of products, trading
and technology systems, as well as customized wealth management
solutions. Recognized as one of the most successful and
fastest-growing independent firms in the industry (including being
named the leading firm for Hybrid RIAs nine years in a row by
Investment Advisor magazine), Triad Advisors is a wholly owned
subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE
American: LTS, LTSL, LTS PrA, LTSF, LTSK). For more information,
please visit www.triad-advisors.com.
About Resources Investment Advisors
Founded in 1987,
Resources Investment Advisors, Inc. ("Resources") encompasses an
independent hybrid registered investment adviser (RIA) firm
registered with the SEC, as well as a Super-OSJ group, that
specializes in supporting independent financial advisors across the
country who are focused on the corporate retirement plan space.
Resources delivers industry-leading growth platforms, tools,
technology and education to its community of affiliated independent
financial advisor businesses, each of which are independently
managed, while also connected through shared ideas, values and best
practices in client service. In 2017, Resources was named the
Fastest Growing RIA in the country by WealthManagement.com. For
more information, please visit www.riaadvisor.com.
About Retirement Benefits Group
Retirement Benefits
Group is a supportive group of retirement plan consultants with
headquarters in Southern
California and 15 affiliate offices nationwide. The firm's
goal is to provide professional, non-biased guidance to
institutional clients and their employees. Retirement Benefits
Group specializes in providing customized retirement plan
consulting services, executive benefits, wealth management and
retirement management services to individuals and companies of all
sizes throughout the United
States. The firm's team of retirement plan consultants
provides risk management strategies for fiduciaries and custom
strategies designed to help participants work towards retirement.
For more information, please visit www.rbgnrp.com.
About Ladenburg Thalmann
Ladenburg Thalmann Financial
Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF, LTSK) is a
publicly-traded diversified financial services company based in
Miami, Florida. Ladenburg's
subsidiaries include industry-leading independent advisory and
brokerage (IAB) firms Securities America, Triad Advisors,
Securities Service Network, Investacorp and KMS Financial Services,
as well as Premier Trust, Ladenburg Thalmann Asset Management,
Highland Capital Brokerage, a leading independent life insurance
brokerage company, Ladenburg Thalmann Annuity Insurance Services, a
full-service annuity processing and marketing 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.
This press release includes certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995, including statements regarding future growth
and growth of our independent advisory and brokerage business.
These statements are based on management's current expectations or
beliefs and are subject to uncertainty and changes in
circumstances. Actual results may vary materially from those
expressed or implied by the statements herein due to changes in
economic, business, competitive and/or regulatory factors, and
other risks and uncertainties affecting the operation of Ladenburg
Thalmann's business. These risks, uncertainties and contingencies
include those set forth in Ladenburg Thalmann's annual report on
Form 10-K for the fiscal year ended December
31, 2017 and other factors detailed from time to time in its
other filings with the Securities and Exchange Commission. The
information set forth herein should be read in light of such risks.
Further, investors should keep in mind that Ladenburg Thalmann's
quarterly revenue and profits can fluctuate materially depending on
many factors, including the number, size and timing of completed
offerings and other transactions. Accordingly, Ladenburg Thalmann's
revenue and profits in any particular quarter may not be indicative
of future results. Ladenburg Thalmann is under no obligation to,
and expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise, except as
required by law.
Media Contacts:
Joseph
Kuo or Chris Clemens
Haven Tower Group
424 652 6520 ext. 101 or 424 652 6520 ext. 102
jkuo@haventower.com or cclemens@haventower.com
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SOURCE Triad Advisors, LLC