LA VISTA, Neb.--(BUSINESS WIRE)--Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF), announced today that it has named Jim Meyers to the position of senior vice president and chief operating officer. In his new position, Meyers will provide leadership and management of the firm’s broker-dealer and RIA service platforms, and will formulate and implement operational strategies to support Securities America’s growth goals.
Jim Nagengast, Securities America’s chief executive officer and president, said, “We are thrilled to have an executive of Jim Meyers’ caliber and experience join Securities America in this vital role as our chief operating officer. Jim’s deep knowledge and experience, collaborative leadership style and commitment to going above and beyond for advisors will make him a tremendous addition to our team. We are excited for Jim to take a leading role in our efforts to further enhance our efficiency in pursuit of our most important mission: supporting our advisors and the clients they serve.”
In his new role, Meyers will oversee Securities America’s day-to-day brokerage operations and guide strategic planning to drive continuous operational excellence and further enhance the firm’s service levels. He will also be responsible for processes and controls across Securities America and will work closely with the firm’s Information Services department to design and implement new technology and applications. He will report directly to Nagengast.
Meyers brings leadership experience in senior operations positions with major financial firms to his new role. He joins Securities America from Ameriprise Financial, where he led cross-functional management and operational strategy development with responsibility for clearing operations, operational efficiency, process design, project execution and compliance. He also developed expertise in transition management for new advisor recruits and firm acquisitions.
Meyers said, “I was immediately attracted to Securities America’s reputation for setting a high bar in the resources and services they offer advisors. Beyond that, though, the firm’s culture is what really sold me. Everyone here is passionate about creating a team atmosphere, which is very important to me. One of the defining characteristics of this organization is that if you’re not a team player, you will not fit in.”
Meyers continued, “I’ve always felt that you’ll get the best out of your team if you put them first. The best leaders put the collective interest of the team ahead of their own and make sure everyone is provided with the tools they need to succeed. That’s what I’ve worked to do my whole career, and I look forward to bringing that approach to Securities America.”
Nagengast concluded, “On behalf of our leadership team, we are thrilled to have Jim aboard. I am confident that others throughout Securities America – and especially our advisors – will benefit greatly from his expertise as he helps us continue to improve our operational capabilities and ability to support advisors in taking their businesses to the next level.”
About Securities America
Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF), is one of the nation’s largest independent advisory and brokerage firms, with more than 2,500 independent advisors and more than $86 billion in client assets as of Dec. 31, 2017.
Securities offered through Securities America, Inc., member FINRA / SIPC. Advisory services offered through Securities America Advisors. Securities America and Ladenburg Thalmann Financial Services Inc. are separate entities from all other entities named.
About Ladenburg Thalmann
Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF) is a publicly-traded diversified financial services company based in Miami, Florida. Ladenburg’s subsidiaries include industry-leading independent advisory and brokerage (IAB) firms Securities America, Triad Advisors, Securities Service Network, Investacorp and KMS Financial Services, as well as Premier Trust, Ladenburg Thalmann Asset Management, Highland Capital Brokerage, a leading independent life insurance brokerage company, Ladenburg Thalmann Annuity Insurance Services, a full-service annuity processing and marketing company, and Ladenburg Thalmann & Co. Inc., an investment bank which has been a member of the New York Stock Exchange for over 135 years. The company is committed to investing in the growth of its subsidiaries while respecting and maintaining their individual business identities, cultures, and leadership. For more information, please visit www.ladenburg.com.
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future growth and future efforts to discover and implement technology solutions. These statements are based on management's current expectations or beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of Ladenburg Thalmann's business. These risks, uncertainties and contingencies include those set forth in Ladenburg Thalmann's annual report on Form 10-K for the fiscal year ended December 31, 2017 and other factors detailed from time to time in its other filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Further, investors should keep in mind that Ladenburg Thalmann's quarterly revenue and profits can fluctuate materially depending on many factors, including the number, size and timing of completed offerings and other transactions. Accordingly, Ladenburg Thalmann's revenue and profits in any particular quarter may not be indicative of future results. Ladenburg Thalmann is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, changes in assumptions or otherwise, except as required by law.