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Ladenburg Makes New Fintech Push

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Ladenburg Thalmann says it is launching the Enterprise Innovation initiative, which includes the Ladenburg Innovation Lab. This effort will be led by Dan Sachar, who joins the firm from Nextt Advisors, an independent technology and business strategy consultancy.

The firm aims for the lab “to identify transformative technologies and solutions, and align them with the financial advisors supported by Ladenburg’s independent advisory and brokerage (IAB) subsidiaries,” according to a statement.

These initiatives are part of a broader strategy, according to the firm, “to accelerate the rollout of new enterprise resources throughout 2018 that directly support the growth of Ladenburg’s IAB subsidiaries and the financial advisors they serve.”

The Ladenburg Thalmann group of independent broker-dealers and registered investment advisory firms includes Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network, which have a total of about 4,000 registered representatives.

“The retail financial advice space is at a crucial inflection point, characterized by new opportunities created through the convergence of dramatic changes in technology, demographics and the needs of retail investors,” explained Ladenburg COO Adam Malamed in a statement.

“In response, we’re bringing together the intellectual capital, innovation expertise and growth tools that our firms and their financial advisors need to fully capture these emerging growth opportunities,” Malamed added.

Ladenburg says its new initiatives include possible strategic equity investments in third-party technology and fintech solutions providers.

“By collaborating closely with key stakeholders across the Ladenburg organization, our industry partner companies as well as the startup and venture capital communities, Ladenburg Innovation Lab will seek to provide our firms and advisors with actionable new strategies and tools that place them firmly ahead of the curve in the years ahead,” Sachar explained in a statement.

— Check out How Advisors Can Use Tech to Serve Aging Clients: MIT AgeLab on ThinkAdvisor.


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