Ladenburg Thalmann Financial Services (A:LTS)

Business Focus: Investment Banking

Sector:  Financials Industry:  Investment Banking & Brokerage Services
See Regulatory Filings on SEC
Company Contact
Address: 4400 Biscayne Blvd Fl 12
MIAMI FL 33137-3212
Tel: N/A
IR: See website
Key People
Richard J. Lampen
Chairman of the Board, President, Chief Executive Officer, Director
Howard M. Lorber
Vice Chairman of the Board
Brett H. Kaufman
Chief Financial Officer, Senior Vice President
Adam Scott Malamed
Chief Operating Officer, Executive Vice President, Director
Mark Zeitchick
Executive Vice President, Director
John Blood
Senior Vice President - Advisory Services and Solutions
Joseph Giovanniello
Senior Vice President - Corporate and Regulatory Affairs
Kirk Hulett
Senior Vice President - Organizational and Practice Development
Business Overview
Ladenburg Thalmann Financial Services Inc. is a financial services company engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, asset management services, wholesale life insurance brokerage and trust services. It operates through three segments: the independent brokerage and advisory services segment, the Ladenburg segment and the insurance brokerage segment. The independent brokerage and advisory services segment includes the broker-dealer and investment advisory services provided by its independent broker-dealer subsidiaries to their independent contractor financial advisors and the wealth management services provided by Premier Trust, Inc. The Ladenburg segment includes the investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment includes the wholesale insurance brokerage activities provided by Highland Capital Brokerage, Inc.
Financial Overview
For the six months ended 30 June 2019, Ladenburg Thalmann Financial Services revenues increased 2% to $699M. Net loss applicable to common stockholders increased from $2.3M to $6.4M. Revenues reflect Service fees increase of 23% to $64.6M, Commissions increase of 1% to $346.7M, Advisory fees increase of 1% to $239.9M. Higher net loss reflects Interest increase from $4M to $10.6M (expense).
Employees: 1,512 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $443.98M as of Jun 30, 2019
Annual revenue (TTM): $1,403M as of Jun 30, 2019
EBITDA (TTM): $81.26M as of Jun 30, 2019
Net annual income (TTM): -$4.39M as of Jun 30, 2019
Free cash flow (TTM): -$3.27M as of Jun 30, 2019
Net Debt Last Fiscal Year: $80.03M as of Jun 30, 2019
Shares outstanding: 148,550,370 as of Aug 5, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization