Miami-based Ladenburg Thalmann Financial Services has launched a platform for its advisors who want to sell their business or buy another one, the company announced today.
Ladenburg has 4,300 financial advisors and an aggregate of $168 billion in advisory and brokerage client assets.
Ladenburg’s practice management division spearheaded the launch of the succession, continuity and acquisitions (SCA) platform, which offers succession planning help to financial advisors affiliated with Ladenburg’s five independent advisory and brokerage subsidiaries: Securities America, Triad Advisors, KMS Financial Services, Investacorp and Securities Service Network.
The SCA program offers six coaches to provide support and advice on succession planning. Advisors will also have access to a website where they can list their practices to sell or view others to buy. The platform also offers sample deal terms, a practice valuation tool, sessions with consultants on business transitions, and information on financing options offered by Ladenburg’s third-party partners.
“We’re giving advisors and their teams a blueprint to execute effectively on a sale or purchase of an independent practice,” said Kirk Hulett, senior vice president of organizational and practice development for Ladenburg, in a statement. “From a planned exit out of the industry, to growth through strategic acquisitions and continuity preparedness, our newly launched platform cuts through the noise related to succession planning-based transactions to support advisors toward the outcomes they desire.”