Ladenburg Thalmann Asset Management ("Ladenburg") is an SEC Registered Investment Advisory firm, established in 1982, and has over $4 billion assets under management. Our dedicated staff of professionals has over 100 years of investment management experience, specializing in market analysis, due diligence, fund selection and asset allocation and diversification strategies. Whether for individuals, families, foundations, endowments, retirement plans or profit-sharing plans, we deliver personalized strategies and a full range of investment solutions.
Ladenburg is a wholly-owned subsidiary of Advisor Group Holdings, Inc. (“AGHI”) which provides investment banking, equity research, institutional sales and trading, independent brokerage and advisory and asset management services through its subsidiaries. AGHI is also the holding company of Ladenburg Thalmann & Co. Inc., which was established in 1876. and joined the New York Stock Exchange in 1879. It quickly became one of the most influential private merchant banking firms, serving as a major financial intermediary between America, Great Britain and the European Continent. Ladenburg Thalmann & Co. Inc. was among the few investment banks to prosper during the Depression, and it played an important role in financing the growth of American industry through the early twentieth century. Since the beginning, it has provided significant value as a financial advisor to investors, corporate managers and directors while raising capital for emerging industries.
PROTECTION OF ASSETS
National Financial Services LLC (“NFS”), Member NYSE/SIPC, provides trade execution, custody and other related services for the majority of Ladenburg brokerage accounts. As Ladenburg's primary custodian, NFS is responsible for:
execution, clearance and settlement of securities transactions;
preparing and delivering periodic statements of your account and transaction confirmations; and
custody (safekeeping), receipt and delivery of funds and securities.
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $7.4 trillion, including managed assets of $3.0 trillion, as of March 31, 2020.
Securities in accounts carried by NFS are protected in accordance with the Securities Investor Protection Corporation (“SIPC”) up to $500,000. The $500,000 total amount of SIPC protection is inclusive of up to $250,000 protection for claims for cash, subject to periodic adjustments for inflation in accordance with terms of the SIPC statute and approval by SIPC’s Board of Directors. For details, please visit SIPC.org.
Within certain limits, SIPC coverage applies both to investor securities held by National Financial Services LLC and to cash on deposit that will be used to purchase securities or that has been generated from the sale of securities. This SIPC coverage protects your assets in the unlikely event that National Financial Services LLC should fail to meet its obligations, but this SIPC coverage is separate from the SIPC coverage that is available should the broker-dealer fail to meet its obligations.
In addition to SIPC protection, Fidelity, through National Financial Service (NFS), provides its brokerage customers with additional “excess of SIPC” coverage from Lloyd’s of London together with other insurers. The excess of SIPC coverage would only be used when SIPC coverage is exhausted. Like SIPC, excess of SIPC protection does not cover investment losses in customer accounts due to market fluctuation. It also does not cover other claims for losses incurred while broker-dealers remain in business. Total aggregate excess of SIPC coverage available through Fidelity’s excess of SIPC policy is $1 billion. Within Fidelity’s excess of SIPC coverage, there is no per customer dollar limit on coverage of securities, but there is a per customer limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry. Both SIPC and excess of SIPC coverage is limited to securities held in brokerage positions, including mutual funds if held in your brokerage account and securities held in book entry form. Neither SIPC nor additional coverage protection covers investment losses due to market fluctuations.
National Financial is an independent company, unaffiliated with Ladenburg Thalmann & Co., Inc. National Financial is a service provider to Ladenburg Thalmann & Co., Inc. There is no form of legal partnership, agency affiliation, or similar relationship between your financial advisor and National Financial, nor is such a relationship created or implied by the information herein. National Financial has not been involved with the preparation of the content supplied by Ladenburg Thalmann & Co., Inc. and does not guarantee, or assume any responsibility for its content.
*Ladenburg Thalmann & Co., Inc. offers securities and is a Member FINRA and SIPC.