Earnings surge at Ladenburg Thalmann

The securities house pointed to “improved market conditions, successful recruitment of additional advisers and increased advisory assets under management” for the increase in revenues.
JUL 21, 2014
Ladenburg Thalmann Financial Services Inc.'s independent broker-dealers and advisory services reported an 11% increase in revenue for the quarter ending in March when compared to a year earlier. The securities house, which also has an investment banking, trading and asset management group, pointed to “improved market conditions, successful recruitment of additional advisers and increased advisory assets under management” for the increase in revenues, with revenues for the independent broker-dealer and advisory group reaching $188.4 million for the first three months of the year compared to $169.8 for the first three months of 2013. Ladenburg Thalmann Financial Services (LTS) controls three independent broker-dealers that have 2,800 affiliated registered reps and advisers. The three firms are Securities America Inc., Triad Advisors Inc. and Investacorp Inc. Total revenues for the company in the quarter increase $24.5 million – 13% - from the same period in 2013, reaching $211.8 million. For the quarter, Ladenburg Thalmann Financial Services posted net income attributable to the company of almost $4.3 million, compared to net income attributable to the company of $136,000 for the same quarter in 2013. The 13% increase in revenues had a positive impact on net income, the company said. However, increase in net income was also partially offset by an 11% increase in expenses.

Latest News

Business-focused wealth tech RISR lands $8B Wealthcare Capital Management partnership
Business-focused wealth tech RISR lands $8B Wealthcare Capital Management partnership

Fintech platform interVal has also introduced a new feature to help advisors support entrepreneurial business owner clients better.

LPL boosts revenue potential with amped-up alts platform
LPL boosts revenue potential with amped-up alts platform

Along with greater revenue, alternative investments also carry risks, one industry lawyer noted.

Powell heads for hot-seat hearings with ongoing pressure from Trump policies
Powell heads for hot-seat hearings with ongoing pressure from Trump policies

The Fed chair is in for some "hyper-charged" meetings, with legislators likely to raise questions on tariff threats and apparent steps to comply with anti-DEI orders.

Financial advisors react to the idea of 'parent money'
Financial advisors react to the idea of 'parent money'

A new article about baby boomers supporting their adult children has wealth managers buzzing.

Revealed: The InvestmentNews Top Advisors for 2025
Revealed: The InvestmentNews Top Advisors for 2025

Driven by long-term vision and a steadfast commitment to client service, the top-ranking advisors are reaching new heights of success.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.