| Business Summary | | Ladenburg
Thalmann
Financial
Services
is
a
full-service
investment
banking
company
that
provides
its
services
primarily
to
middle
market
and
emerging
growth
companies
and
high-net-worth
individuals.
The
Company
was
formed
as
the
result
of
a
reverse
acquisition
between
New
Valley
Corporation
and
GBI
Capital
Management
Corp.,
under
which
GBI
has
acquired
New
Valley's
broker-dealer
subsidiary,
Ladenburg,
Thalmann
&
Co.
Inc.
As
a
result
of
the
transaction,
New
Valley
now
owns
a
majority
of
the
outstanding
shares
of
GBI. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ladenburg
Thalmann
Financial
Services
is
a
full
service
investment
banking
and
brokerage
firm,
providing
services
primarily
to
middle
market
and
emerging
growth
companies
and
high
net
worth
individuals.
For
the
six
months
ended
6/30/01,
revenues
fell
22%
to
$40.1
million.
Net
loss
totaled
$2.9
million
vs.
an
income
of
$4.4
million.
Results
reflect
lower
commission
income
due
to
decreased
capital
market
activity,
and
increased
brokerage
and
communication
fees. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Victor Rivas, 57 | Chairman,
CEO | Richard Rosenstock, 49 | Vice
Chairman, COO | Vincent Mangone, 35 | Exec.
VP, Director | Mark Zeitchick, 35 | Exec.
VP, Director | Joseph Berland, 61 | Exec.
VP of Corp. Fin. of GBI Capital Partners, Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|