Ladenburg Thalmann Financial Services recently brought a group of top advisors together with leaders of fintech startup firms and venture capitalists to trade ideas on technology that could impact how financial advice is delivered.
The entrepreneurs met in San Francisco with 36 advisors affiliated with Ladenburg-owned independent broker-dealers Securities America, Triad Advisors, Investacorp, KMS and Securities Service Network, which include about 4,300 registered reps.
Hosting the inaugural Innovation Symposium, held May 22, is part of Ladenburg’s strategy to zoom in promising technology tools for advisors that are worth investing in and testing.
“My focus of the event was on enterprise innovation … with less emphasis put on existing technology and operations,” said Dan Sachar, head of enterprise innovation at Ladenburg and the Ladenburg Innovation Lab, in an interview.
The event, Sachar explains, also helps the firm and its advisors “set out the vision for the next five to 10 years” in the context of what the latest innovations are in Silicon Valley. “It’s about exploring, testing and reinvesting in new concepts and … opportunities.”