bank . for the german town see ladenburg . ladenburg thalmann type public traded as nyse mkt lts industry investment services founded new york city new york united states 1876 headquarters miami florida united states key people phillip frost chairman richard j. lampen president and ceo products investment banking brokerage and advisory services asset management revenue 651.1 million usd fy 2012 number of employees 2 700 employees and advisors website www.ladenburg.com ladenburg thalmann financial services a nyse mkt listed company is a diversified financial services company with two primary business lines one is independent brokerage and advisory and the other is investment banking and capital markets . more specifically 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 . 1 ladenburg thalmann financial services is part of the russell 3000 index . 2 its business model is that of 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 . 3 the company has over 2 700 financial advisors with approximately 75 billion in client assets . 4 contents 1 history 2 recent acquisitions 2.1 investacorp inc. 2.2 triad advisors inc. 2.3 premier trust inc. 2.4 securities america inc. 3 notable current and former employees 4 references 5 further reading history edit ernst thalmann an american banker and adolph ladenburg the scion of a german banking family founded ladenburg thalmann in 1876 . 5 in 1879 ernst thalmann paid 13 550 equivalent to 344 000 in 2015 for a seat on the new york stock exchange . ladenburg thalmann quickly became one of the most influential private merchant banking firms a major financial intermediary between america great britain and the european continent . it 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 . 6 it has financed the merger of mexican central national railroad of mexico the eletrification of companhia paulista de estradas de ferro in brazil led the syndicate for port authority of new york and new jersey 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 bleichr der and benjamin seymour guinness . during world war ii ladenburg thalmann bought deutsche marks on behalf of the british government . ladenburg thalmann provided banking services for british security coordination bsc throughout the latter s existence . 7 soe in london was tasked by hm treasury in july 1942 8 as the lead british agency for the acquisition of foreign currency required in small denominations by members of the plethora of british covert wartime agencies as well as the escape packs of allied aircrew . soe turned to bsc for help with this task ; the very close links between bsc and the oss meant that there was continual collaboration between the two agencies in support of this task . some of the currencies acquired were seized from ships being searched in the contraband control bases such as bermuda gibraltar and aden or legitimately bought from legitimate passengers on those ships . another source were the black markets in tangiers beirut istanbul and elsewhere by the sale of commodities such as gold platinum diamonds precious stones and swiss watches . most of these items in short supply because of the allied blockade and restrictions on movement could be acquired by british government supply departments from within the british empire using sterling as the purchasing currency . virtually every european currency was acquired as well as south american and far eastern currencies ; a statement from mid 1944 prepared for winston churchill cited the cumulative acquisitions to that date as being 600m french francs 20m belgian francs 8m dutch guilders 3.5 m norwegian kroner 3.5 m danish kroner 6m reichsmarks 8m spanish pesetas 16m u.s. dollars and 0.5 m argentine pesos . excluding the u.s. dollars and argentine pesos the balance had cost the british treasury around 2m . a major problem that both soe and bsc had to contend with was the sheer weight and volume of small denomination bank notes ; a number of surviving signals in soe files at national archives in kew mention tons of bank notes . there is no doubt that contraband seizures by allied blockade authorities were recycled to support wartime covert activity . musson s smuggling fleet 9 which operated from gibraltar carrying soe and sis agents to and from spanish soil covered its tracks with a smuggling operation based initially on selling tobacco seized from blockade running merchant ships . tobacco was deemed a more useful bribe to badly paid spanish border and customs officials and hundreds of tons were shipped in from latin america and north africa post torch blended and packaged in gibraltar and handed to musson s operation to maintain the smuggling cover . recent acquisitions edit investacorp inc. edit investacorp inc. an independent broker dealer headquartered in miami florida has been serving the independent registered representative community since 1978 and has approximately 440 independent financial advisors nationwide . thefirm was acquired by ladenburg thalmann in october 2007 . 10 triad advisors inc. edit triad advisors inc. was acquired by ladenburg thalmann in august 2008 . 11 the firm was founded in 1993 and is a independent broker dealer and registered investment advisor headquartered in norcross georgia that offers a broad menu of products services and total wealth management solutions through approximately 590 independent financial advisors nationwide . premier trust inc. edit founded in 2001 premier trust inc. was acquired by ladenburg thalmann in september 2010 . 12 it is a nevada chartered trust company headquartered in las vegas nevada with assets under management of approximately 530 million . securities america inc. edit securities america inc. was acquired by ladenburg thalmann from ameriprise financial in november 2011 for 150 million in cash and potential future payments . 13 the firm was founded in 1993 and has headquarters in la vista nebraska . the firm is a sec registered investment advisory firm that offers investment management financial advice and financial planning through a national network of independent financial advisors . it is the nation s seventh largest independent broker dealer as ranked by financial planning magazine june 2011 based on 2010 total revenue . the firm received the inaugural thought leadership award from the retirement income industry association in march 2011 . notable current and former employees edit gerson von bleichr der founder of the berlin banking firm of s. bleichroder banker to otto von bismarck the prussian state and the german empire andrew a. lanyi stock broker analyst concentration camp survivor investor and author lionel pincus founder of warburg pincus mark klein current chairman and ceo of national securities and founder of gsv capital ronald kramer ceo of ladenburg thalmann 1995 1999 ; former president of wynn resorts and current ceo of griffon corporation porter bibb media banker and the first publisher of rolling stone magazine phillip frost 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 financier and chairman of the board of vector group benjamin guinness member of the guinness family joseph pichardo stock broker film producer founder of cem marketing references edit ladenburg thalmann press release november 15 2010 . ladenburg thalmann press release october 22 2007 . halah touryalai the reinvention of ladenburg thalmann registered rep october 1 2008 ; retrieved january 1 2011 . 1 april 10 2013 . supple barry e. 1957 . a business elite german jewish financiers in nineteenth century new york . business history review . 31 2 143 178 . jstor 3111848 . ladenburg thalmann website british security coordination the secret history of british intelligence in the americas 1940 1945 . st ermin s press 1998 written for stephenson 1945 introduced by west 1998 . pages 427 430 . national archives kew hs 8 354 acquisition of foreign currency national archives kew hs 6 971 musson s smuggling fleet ladenburg thalmann press release october 22 2007 . ladenburg thalmann press release august 13 2008 . ladenburg thalmann press release september 2 2010 . 2 november 7 2011 . further reading edit birmingham stephen 1996 . our crowd the great jewish families of new york . syracuse university press . isbn 0815604114 . coordinates 25 49 0.46 n 80 11 19.37 w 25.8167944 n 80.1887139 w 25.8167944 ; 80.1887139 retrieved from https en.wikipedia.org w index.php title ladenburg thalmann & oldid 727972914 categories companies listed on nyse mktbanks based in new york citycompanies established in 1876investment banks1876 establishments in new yorkhidden categories coordinates not on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 2 july 2016 at 08 44 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view