Ladenburg Thalmann Annuity Insurance Services (LTAIS) Acquires Certain Assets of Kestler Financial Group’s Insurance Distribution Business
Acquisition Reinforces LTAIS’ Efforts to Align Annuity Solutions with Independent Firms and Advisors Across the Country
Under the terms of an asset purchase agreement, LTAIS purchased certain KFG assets, including the rights to the "
Founded in 1993 by father and son Tom and
KFG is one of the few IDCs with a service model that effectively addresses the needs of insurance-only advisors, registered representatives and investment advisor representatives in the RIA space. LTAIS will benefit from KFG’s deep and specialized expertise in marketing, sales and operations in the annuity and insurance sector. The acquisition will also enable LTAIS’ existing sales team to expand and strengthen the support it provides advisors affiliated with Ladenburg’s independent advisory and brokerage (IAB) subsidiaries, by giving the LTAIS sales team access to robust lead generation capabilities through social media, seminars and other channels.
The Kestler team will operate from their current headquarters in
About Ladenburg
About LTAIS
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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, growth of our independent advisory and brokerage business and growth of our insurance and annuity business. 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, including the SEC’s proposed rules and interpretations concerning the standards of conduct for broker dealers and investment advisers when dealing with retail investors, future cash flows, a change in the Company’s dividend policy by the Company’s Board of Directors (which has the ability in its sole discretion to increase, decrease or eliminate entirely the Company’s dividend at any time) and other risks and uncertainties affecting the operation of the Company’s business. These risks, uncertainties and contingencies include those set forth in the Company’s annual report on Form 10-K for the fiscal year ended
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