MIAMI, April 24, 2019 /PRNewswire/ -- Ladenburg Thalmann
Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF,
LTSK) ("Ladenburg"), a publicly-traded, diversified financial
services company, today announced the appointment of veteran
industry operations and technology leader David Ballard as Senior Vice President,
Enterprise Services.
In this newly-created role, Mr. Ballard will provide executive
leadership at the enterprise level with respect to operations and
technology, while spearheading the company's Enterprise Service
Initiative, which has been formed to enhance the financial advisor
service experience, drive efficiencies and accelerate growth across
Ladenburg. In support of this mission, Mr. Ballard will
partner closely with the leadership teams of Ladenburg's five
independent advisory and brokerage (IAB) subsidiary firms,
encompassing Securities America, Triad Advisors, Investacorp,
Securities Service Network (SSN) and KMS Financial Services.
Richard Lampen, Chairman,
President and CEO of Ladenburg, said, "We are delighted to welcome
David Ballard to Ladenburg.
With over 30 years of experience, David brings a wealth of
operations and technology expertise from some of the largest firms
in the independent advisory and brokerage space. He will be a
key member of our executive team, overseeing and guiding the future
of Ladenburg's enterprise service capabilities, in close
collaboration with our IAB subsidiaries. With the addition of
David to our organization, we are well-positioned to reinforce our
company's industry leadership with respect to operations and
technology strategies that create value for our financial advisors,
and by extension, our strategic partners, employees and
shareholders."
Adam Malamed, Executive Vice
President and Chief Operating Officer of Ladenburg, said, "More
than ever, advisor productivity and satisfaction are being driven
by the technology and operational service experience that firms can
deliver as a core component of their value proposition. In
this rapidly-evolving industry landscape, bringing aboard a
recognized leader of David Ballard's
caliber underscores Ladenburg's commitment to providing our IAB
subsidiaries with the intellectual and financial capital,
technology and other growth resources necessary to deliver an
exceptional advisor service experience. David's decision to
join our senior executive team reflects Ladenburg's ongoing growth
trajectory and robust competitive position as a leading innovator
of the network model in the independent financial advice space,
with an advisor-centric service model that prioritizes investment
in innovation, operations and technology."
Mr. Ballard, who will report to Adam
Malamed, will focus on the following key goals under the
Enterprise Service Initiative, which will involve senior leaders
across Ladenburg and its IAB firms:
- Enhancing the financial advisor service experience Ladenburg
and its IAB firms provide
- Further differentiating Ladenburg and its IABs with both
existing advisors and prospective advisor recruits
- Reinforcing Ladenburg's ability to grow on a scalable basis,
while driving efficiencies in ways that directly benefit financial
advisors
- Optimizing the sharing of best practices, data and expertise
with respect to advisor service across Ladenburg and its IAB
firms
Mr. Ballard joins Ladenburg from Docupace Technologies, a
leading digital operations technology provider in the wealth
management space, where he served as President and Chief Operating
Officer. Previously, Mr. Ballard served as Executive Vice
President and Chief Operating Officer at Cetera Financial Group.
That role followed more than two decades in executive and
management roles at several firms in the independent financial
advisory and asset management industries, including AIG Advisor
Group, SunAmerica Mutual Funds and AIG Retirement Services.
David Ballard, Senior Vice
President, Enterprise Services for Ladenburg, said, "I am excited
to join Ladenburg, which has a unique vision for the future of
financial advice, dedicated resources to fulfill that vision, and a
culture that inspires different teams and functions to work
collaboratively towards shared goals. Ladenburg stands out
with its commitment to striking the right balance between
celebrating diversity in corporate cultures and brand identities,
while delivering superior service that emphasizes enhancing and
simplifying the advisor experience. Consistent with this
approach, I look forward to working closely with my new colleagues
to help drive a new stage of innovation, growth and success for the
company, its IAB firms and their financial advisors."
About Ladenburg
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 and 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,
growth of our independent advisory and brokerage business, future
investments in our business and future synergies. 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 the Company's business. These risks,
uncertainties and contingencies include those set forth in the
Company's annual report on Form 10-K for the fiscal year ended
December 31, 2018 and other factors
detailed from time to time in its other filings with the SEC. The
information set forth herein should be read in light of such risks.
Further, investors should keep in mind that the Company'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, the Company's
revenue and profits in any particular quarter may not be indicative
of future results. The Company 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 / Chris Clemens
Haven Tower Group
424 317 4851 or 424 317 4854
jkuo@haventower.com or cclemens@haventower.com
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SOURCE Ladenburg Thalmann Financial Services Inc.