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Industry Spotlight > Broker Dealers

Ladenburg Taps Former Advisor Group Exec for New Due Diligence Role

By Janet Levaux

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Ladenburg Thalmann is rolling out a centralized due diligence platform for its five independent broker-dealers to be led by Thayer Gallison, who recently led investment research and product due diligence for the Advisor Group of IBDs.

In this role, Gallison will work with executives and about 4,000 advisors affiliated with Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network. He will be based in Atlanta and report to Ladenburg Chief Risk Officer Craig Timm.

“The formation of our new enterprise due diligence platform is consistent with our approach as the industry’s foremost innovator of the network model, supporting successful independent advisory and brokerage firms that operate under autonomous brands, cultures and leadership teams,” said President & CEO Richard Lampen, in a statement.

The platform aims to boost “the existing capabilities of each of our subsidiaries in product due diligence and oversight, crucial areas that would otherwise consume considerable bandwidth among each firm’s home office staff,” Lampen added.

As of Sept. 30, Ladenburg’s client assets were nearly $153 billion, while advisory assets totaled $66 billion.

“In this new fiduciary environment, comprehensive due diligence will be critical in empowering advisors to make confident investment recommendations that serve their clients’ best interests,” Gallison explained in a press release.

Gallison, CFA, was with the Advisor Group — which includes Royal Alliance, FSC Securities, Woodbury Financial Services and SagePoint — for more than six years (May 2011 to November 2017), according to his LinkedIn profile. Earlier, he was a senior investment analyst at MV Capital Management (2006-2011) and GV Financial Advisors (2000-2006).

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