LTSA

Ladenburg Thalmann Financial Services Inc. is a financial services company engaged in independent brokerage and advisory services, investment banking, equity research, institutional sales and trading, asset management services, wholesale life insurance brokerage and trust services. It operates through three segments: the independent brokerage and advisory services segment, the Ladenburg segment and the insurance brokerage segment. The independent brokerage and advisory services segment includes the broker-dealer and investment advisory services provided by its independent broker-dealer subsidiaries to their independent contractor financial advisors and the wealth management services provided by Premier Trust, Inc. The Ladenburg segment includes the investment banking, sales and trading and asset management services, and investment activities. The insurance brokerage segment includes the wholesale insurance brokerage activities provided by Highland Capital Brokerage, Inc.