Ladenburg Thalmann Asset Management Inc (New York)

Name: Ladenburg Thalmann Asset Management Inc
Address: 277 Park Avenue, New York, NY, 10172
Telephone: 212-409-2000

Ladenburg Thalmann Asset Management Inc is a large advisory firm based in New York. It manages $2.33 billion of regulatory assets for 7,685 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 43 other states.

Ladenburg Thalmann Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and provide model recommendations to other rias. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Ladenburg Thalmann Asset Management: assets under management

The assets under management (AUM) of Ladenburg Thalmann Asset Management Inc is $2.33 billion. The firm's AUM has grown by 7653% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.36 billion in discretionary accounts and $961.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $184.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.47 million.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ladenburg Thalmann Asset Management Inc for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Philip Salvatore Blancato serves?

The firm provides services to individuals, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Philip Salvatore Blancato is individuals with 7,293 clients and $974.22 million of assets under management. Among the 8 most similar advisory firms, Ladenburg Thalmann Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.33 billion for 7,685 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Ladenburg Thalmann Asset Management doesn't advise any private funds.

Careers at Ladenburg Thalmann Asset Management Inc

The company employs 42 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 29 employees are registered as investment adviser representatives with the state securities authorities.

There are 25 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Philip Salvatore Blancato has been acting as President since 1 Sep 2004. Michael Joseph Giannotto joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
New Valley Corporation	Own 100% of new valley capital corp.	1 Jun 1995	75% - 100%	13-5482050
Inc. New Valley Holdings	Owns 56% of new valley corp.	1 Jun 1995	25% - 50%	51-0362453
Vgr Holding Inc.	Owns 100% new valley holdings inc.	1 Jun 1995	25% - 50%	65-0949536
Ltd. Vector Group	Owns 100% vgr holding inc.	1 Jun 1995	25% - 50%	65-0949535
Bennett S Lebow	Owns 36.7% of vector group, ltd.	1 Jun 1995	25% - 50%	2619040
Bgls Inc.	Owns new valley holdings inc.	1 Jun 1995	25% - 50%	65-0949536
Ladenburg Thalmann & Co. Inc.	Direct shareholder	1 Sep 1997	75% - 100%	505
Ladenburg Thalmann Group Inc.	Indirect shareholder	1 Sep 1997	75% - 100%	22-3375462
Joseph Giovanniello	Svp/general counsel & secretary	1 Jun 1998	Other	3086071
Salvatore Giardina	Evp/treasurer	1 Aug 1998	Other	2178825
Victor Manuel Rivas	Cob/ceo/director	1 Jul 1999	Other	2705672
Berliner Effektengesellschaft Ag	Owns 13% of ladenburg thalmann finanacial services	1 Dec 1999	Other	none
Berliner Effektengesellschat Ag	Indirect shareholder	1 Dec 1999	Other	none
Consors Discount Broker Ag	Indirect shareholder	1 Aug 2000	Other	none
Vincent Patrick Sarnatora	President	1 Oct 2000	Other	2307052
Ladenburg Thalmann Financial Services	Owns 100% of ladenburg thalmann & co. inc.	1 May 2001	75% - 100%	22-3375462
New Valley Capital Corp.	Owns 57.6% of ladenburg thalmann finanacial services	1 May 2001	75% - 100%	none
Frost Nevada	Owns 16.3% of ladenburg thalmann financial services	1 May 2001	75% - 100%	none
John Henry Ruggiero	President	1 Aug 2001	Other	2294079
Thomas Octave Pekar	Portfolio manager	1 Jan 2002	Other	2996625
Kurt Yasin Muller	Portfolio manager	1 May 2003	Other	2811494
George Flurence Crowley	Portfolio manager	1 Mar 2004	Other	1157117
Charles Irvine Johnston	Ceo	1 Mar 2004	Other	1219385
Philip Salvatore Blancato	President	1 Sep 2004	Other	2122221
Steven Michael Mullooly	Chief compliance officer	1 Nov 2004	Other	1868602
Mark David Klein	Ceo, chairman of the board	1 Apr 2005	Other	1783756
Diane Marie Chillemi	Chief financial officer	1 Jul 2006	Other	2916563
Robert Charles Mateicka	Chief compliance officer	1 Dec 2006	Other	1049076
Colin Michael Moors	Chief compliance officer	1 Jun 2007	Other	2317174
Ladenburg Thalmann Financial Services Inc.	100% direct shareholder	1 Nov 2008	75% - 100%	22-3375462
Ladenburg Thalmann Financial Services	100% direct shareholder	1 Nov 2008	75% - 100%	22-3375462
Jaime Lynn Desmond	Chief operations officer	1 Dec 2010	Other	3174096
Corey Franco	Chief compliance officer	1 Dec 2010	Other	3075851
Robert Charles Mateicka	Chief compliance officer	1 Jan 2012	Other	1049076
Stuart Ashley Evans	Chief compliance officer	1 Jun 2012	Other	2424825
Michael Joseph Giannotto	Chief compliance officer	1 Apr 2016	Other	2011397

Based in New York

The principal office where Ladenburg Thalmann Asset Management Inc performs its advisory services is located at 277 Park Avenue, New York, NY 10172, which is also the mailing address of the firm. An additional office of the firm is in Boca Raton, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-409-2000 or by fax 212-409-2550. The normal business hours are ladenburg thalmann asset mgmt on Monday - Friday. You can find more information about the New York firm at ladenburg.com.