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January 5, 2018

Ladenburg Thalmann unveils new due diligence platform

Ladenburg Thalmann Financial Services has rolled out a new enterprise-wide due diligence platform that will facilitate product due diligence processes across the firm’s subsidiaries.

The new tool will offer services such as product analysis, due diligence and ongoing performance monitoring to Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network, Ladenburg’s independent advisory and brokerage (IAB) subsidiaries.

Also, Ladenburg has appointed Thayer Gallison as head of due diligence.

“I’m excited to join Ladenburg to build out an enterprise-wide due diligence platform that enables each Ladenburg IAB subsidiary to offer industry-leading due diligence, product analysis and monitoring capabilities to its advisers without having to build the full sweep of such resources on its own,” Gallison stated.

Based in Atlanta, Gallison will be responsible for developing, implementing and monitoring procedures to enable due diligence policy and management.

He will manage existing due diligence team members within the IAB subsidiaries and report to the firm’s chief risk officer Craig Timm.

Ladenburg president and CEO Richard Lampen said: “Our new platform substantially augments the existing capabilities of each of our subsidiaries in product due diligence and oversight, crucial areas that would otherwise consume considerable bandwidth among each firm’s home office staff.

“As such, this move reinforces the autonomy of our subsidiaries by enabling them to direct newly liberated resources to areas of the business where they believe their firms can offer the most distinctive strategic advantages to the financial advisors they serve.”

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