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Ladenburg Thalmann Launches New Initiative to Prepare Female FAs

By Alex Padalka October 17, 2018

Ladenburg Thalmann Financial Services is expanding its outreach to women, launching a new program to connect female business students — as well as the daughters of Ladenburg-affiliated financial advisors — with working female financial advisors, according a press release from the firm.

Dubbed “LIFT University,” the program covers travel and lodging costs for the students to attend the Ladenburg Institute of Women & Finance Symposium, now in its seventh year, according to the press release.

The new program aims to connect the students with experienced female advisors at Ladenburg Thalmann’s independent advice and brokerage subsidiaries Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network, Ladenburg Thalmann says.

During the three-day event, the students gain exposure to networking opportunities and get introduced to the benefits of a career in financial advice, according to the press release. The event hosted this year in Dallas had more than 200 attendees, including 10 students from the University of Georgia, the University of Central Missouri, Southern Methodist University and Texas Women’s University, Ladenburg Thalmann says.

“As more women take on roles as financial decision-makers, breadwinners and heads of their households, the financial advice industry must evolve to better reflect this audience and create solutions that meet their specific needs,” Jaime Desmond, chief operating officer of Ladenburg Thalmann Asset Management and chairman of LIWF’s Steering Committee, says in the press release.

Jaime Desmond

“Hiring, training, and bringing together more women advisors is a major aspect of accomplishing that goal,” said Desmond. “Firms that make these strides will act as a positive force for change in society, while also benefiting from the natural advantage that women advisors have in connecting with and understanding the concerns of female clients.”