Ladenburg Thalmann Financial Services Inc. (LTS) is engaged in investment banking, equity research, institutional sales and trading, independent brokerage and advisory services and asset management services through its principal subsidiaries, Ladenburg Thalmann & Co. Inc. (Ladenburg), Investacorp, Inc. (collectively with related companies, Investacorp) and Triad Advisors, Inc. (Triad). Ladenburg is a full service broker-dealer that has been a member of the New York Stock Exchange (NYSE). It provides its services principally for middle market and emerging growth companies and high net worth individuals through a coordinated effort among corporate finance, capital markets, asset management, brokerage and trading professionals. Investacorp is an independent broker-dealer and registered investment advisor that serves the independent registered representative community. Triad is an independent broker-dealer and registered investment advisor.