Ladenburg Thalmann Financial Services is taking steps to help enhance the growth and success of female advisors.

Ladenburg announced that its Institute of Women & Finance entered into a strategic partnership with The W Source, a nationwide networking organization for female professionals. The partnership will aim to support female financial advisors’ businesses through business network referrals and help drive the advancement of women within the industry.

According to Janine Wertheim, president of Securities America Advisors and a Ladenburg Institute of Women & Finance committee member, “this turnkey program is an incredible opportunity for female advisors with a passion for serving the community of women business professionals while growing their businesses by providing comprehensive financial advice.”

The Ladenburg Institute of Women & Finance, founded in 2012, offers women at affiliated firms practice management and coaching programs, multigenerational business growth support and mentoring opportunities for younger female advisors as well as career changers.

Ladenburg Thalmann and its wholly owned subsidiaries Securities America, Triad Advisors, Investacorp, KMS and Securities Service Network (SSN) collectively support more than 4,000 independent advisors across the country.

The W Source, which was launched in September 2017, aims to help female professionals grow their businesses by establishing networking groups of 20-25 professionals in local areas and offering proprietary tools and resources, marketing support and dedicated sales coaches that assist them in running their local chapters. Members include financial advisors, CPAs, attorneys and risk management specialists.

Vickie Garcia, a financial advisor at NextBridge Wealth Advisors, a Securities America-affiliated practice in Scottsdale, Arizona, is the first advisor in the Ladenburg network to launch a W Source chapter. She has been in the industry for 25 years and has been directly advising clients since 2006.

“As a growth-oriented advisor, I am constantly on the lookout for effective new ways to broaden my marketing and reach new clients,” Garcia said in an email to ThinkAdvisor. “With the resources The W Source offers to recruit members, develop a value proposition for each group, and help members network between themselves and within their communities, the group offers a perfect solution for me and my practice.”

According to Garcia, the W Source offers distinct advantages for female advisors.

“It requires each chapter head to work in the financial services industry, meaning that advisors can not only recruit networks to help them identify and reach new clients, but by recruiting CPAs, estate attorneys, bankers and others can help them serve existing clients more effectively, as well,” Garcia said.

— Check out How Big Advisory Firms Are Adding More Women on ThinkAdvisor.