(Birmingham, AL, May 8, 2017) – Highland Capital Brokerage, Inc. (HCB) a subsidiary of Ladenburg Thalmann Financial Services Inc. announced today that Michael C. Sorensen has joined the company as Managing Principal, Brokerage Distribution, leading a new line of business called Brokerage Partners. Brokerage Partners allows Highland to scale its business with centralized processing, underwriting, and advanced markets prowess to local and regional brokerage agencies around the country.
“We are pleased that Michael has joined the Highland team,” said Jim Gelder, CLU®, Chief Executive Officer at Highland. “Michael has a long history of collaboration with us and now that he is officially part of the Highland team, we will be able to take greater advantage of his talents and depth of experience. He will be an asset to Brokerage Partners and to the local agencies it will partner with around the country.”
Mr. Sorensen is a highly respected leader who has produced significant results throughout his 27-year career, most notably as Managing Principal of Universal Insurance Services, LLC, headquartered in Boca Raton, Florida. There, he developed several key underwriting practices that resulted in placing Universal’s conversion ratios of informal to formal business among the highest in the industry. Mr. Sorensen helped implement countless improvements that increased profitability and also established Universal’s position as one of the fastest growing and most profitable BGA’s in the industry. In addition, Mr. Sorensen is an influential member within the insurance industry, participating in multiple field advisory councils, including the Risk Appraisal Forum.
About Highland Capital Brokerage
Highland Capital Brokerage is a national brokerage company providing point-of-sale support, advanced marketing, and creative estate and business planning techniques to financial advisors and insurance professionals. We deliver these services in an efficient, client-focused environment that extends to carrier and product expertise, underwriting negotiation, and complete back office processing. Our core competencies include life insurance, annuities, and long term care. HCB delivers objective access to major insurance carriers, advanced planning support, expertise in risk underwriting, and back office processing to insurance brokers, financial planners, and various institutions such as banks, wirehouses, and certified public accountant firms. To learn more about Highland Capital Brokerage, visit www.highlandbrokerage.com.
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About Ladenburg Thalmann
Ladenburg Thalmann Financial Services Inc. (NYSE MKT: LTS, LTS PrA) is a publicly-traded diversified financial services company based in Miami, Florida. Ladenburg’s subsidiaries include industry-leading independent broker-dealer firms Securities America, Inc., Triad Advisors, Inc., Securities Service Network, Inc., Investacorp, Inc. and KMS Financial Services, Inc., as well as Premier Trust, Inc., Ladenburg Thalmann Asset Management Inc., Highland Capital Brokerage, Inc., a leading independent life insurance brokerage company, and Ladenburg Thalmann & Co. Inc., an investment bank which has been a member of the New York Stock Exchange for 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.
Media Contact: Wilma Turner