Ladenburg Thalmann

Infobox_Company
company_name = Ladenburg Thalmann
company_
company_type = Public AMEX|LTS | slogan = Serving the Smart Money since 1876
foundation = )
location =
key_people = Phillip Frost, Chairman Richard J. Lampen, President & CEO
num_employees = 748
industry = Investment services
products = Financial Services
Investment Banking
Investment management
revenue = increase$95.8 million USD (2007)
net_income = increase9.4 million USD (2007)
homepage = [http://www.ladenburg.com www.ladenburg.com]

Ladenburg Thalmann Financial Services (amex|LTS), through its subsidiary Ladenburg Thalmann & Co., is an investment bank and stock brokerage founded in 1876. The firm became a member of the New York Stock Exchange in 1879 and was a major Wall Street player into the 1950s.

Overview

The company is engaged in retail & institutional brokerage services, investment banking, and asset management. The company is headquarted in Miami and has offices in New York City, Los Angeles, Melville, New York, Princeton, New Jersey, Columbus, Ohio, Boca Raton, Florida, Lincolnshire, Illinois, and Houston. The company operates two segments: Ladenburg Thalmann & Co. and Investacorp. The company acquired New York-based investment bank Punk Ziegel & Co. in 2008. The company continued to expand its independent broker/dealer operations by announcing it would acquire Triad Advisors in July 2008.

History

Ernst Thalmann, an American banker, and Adolph Ladenburg, the scion of a German banking family, founded Ladenburg Thalmann in 1876. In 1879 Ernst Thalmann paid $13,550 for a seat on the New York Stock Exchange. In the early part of the 20th century many notable businessmen joined Ladenburg as partners, including Gerson von Bleichröder and Benjamin Seymour Guinness. During World War II, Ladenburg bought Deutsche Marks on behalf of the British Government. The firm counts Albert Einstein as one of their early clients. Today the firm is a leading underwriter in Special Purpose Acquisition Companies (SPACs).

Notable current and former employees

*Gerson von Bleichröder
*Lionel Pincus Founder of Warburg Pincus
*Erik Wachtmeister Founder of aSmallWorld
*Richard Bove Financial Institutions Analyst
*Porter Bibb Media banker, former White House correspondent for Newsweek magazine
*Benjamin Guinness member of the Guinness family

ources

*cite book | author=Birmingham, Stephen | title=Our Crowd: The Great Jewish Families of New York | publisher=Syracuse University Press | year=1967

External links

* [http://www.ladenburg.com Ladenburg Thalmann's official website]
* [http://channels.netscape.com/pf/news_story.jsp?idq=/ff/story/3610/20070607/0751210281.htm&TickerSymbols=SLXCF Stellar Pharmaceuticals Retains Investment Banking Firm Ladenburg Thalmann]
* [http://www.just-food.com/article.aspx?ID=92852 Rica Foods appoints Ladenburg Thalmann & Co, Inc. as its investment banker and financial advisor]
* [http://finance.yahoo.com/q?s=LTS Profile on Yahoo! Finance]