Market Overview

Securities America Recruits Patriot Financial Group, Boston-Area Hybrid RIA and Super-OSJ With Approximately $650 Million in Client Assets


Westborough, Massachusetts hybrid group's search for forward-thinking
partner drives alignment with largest Ladenburg subsidiary

Securities America, a wholly owned subsidiary of Ladenburg Thalmann
Financial Services Inc. (NYSE:LTS, LTS PrA, LTSL, LTSF, LTSK)),
announced today that Patriot Financial Group, an independent hybrid
Registered Investment Advisor and Super Office of Supervisory
Jurisdiction based in Westborough, Massachusetts with approximately $650
million in total client assets and 33 total financial advisors, has
joined Securities America.

Gregg Johnson, Securities America's executive vice president of branch
office development and acquisitions, said, "We are pleased to welcome
Patriot Financial Group to Securities America. Their decision to join
our platform demonstrates our appeal to practices seeking a stable and
transparent relationship with an independent advisory and brokerage
partner that is forward-looking in regard to the industry and the needs
of advisors. We value the group's independence and their focus on
building teams of experts who specialize in distinct aspects of
financial services. We have the platform and expertise to effectively
support Patriot Group and their distinctive model, and we're committed
to helping them achieve their growth goals for the future."

Patriot Financial Group, led by founder and Chairman David O'Donnell and
Chief Executive Officer Michael Tashjian, maintains a coverage area that
spans Massachusetts, Rhode Island and Connecticut. Specialists provide
clients with guidance in their respective areas of expertise — wealth
management, retirement planning, and insurance solutions — delivered
through a mix of fee- and commission-based service.

Patriot Financial Group provides personal insurance planning and
business protection that accounts for key person life insurance,
disability, general liability and business continuity insurance. The
group, which has a 10-member office staff, also provides advisor support
services including succession planning, transition support and team
coaching on the vision of the business as well as on individual goals
and roles.

Mr. O'Donnell said, "We have taken a very intentional approach to
building our firm and our business model, and we are thrilled to find a
partner in Securities America who supports our distinctive vision. We're
a strictly independent and advisor-centric model. Our platform is based
on team-building and supports our advisors; each advisor is independent,
each firm is advisor-owned. But they have the support of a larger group
of specialists to call on to strengthen their practices. This approach
drives strong growth for our advisors and exceptional service for
clients – and we look forward to taking it to the next level with
Securities America."

Mr. Tashjian said, "With Securities America, we have the strength of a
well-resourced platform with powerful industry expertise behind us. We
support the individual, and Securities America supports us. Whenever we
made a request, Securities America quickly responded with a proven
process, platform or product. From day one, they have shown us how we
will be able to leverage the strength of our partnership to help our
representatives grow their businesses."

Mr. Johnson concluded, "Patriot Financial Group's hybrid model is
advisor-centric in the best possible way. It allows each client to
receive the type of service that best fits their needs, which in turn
has enabled Patriot to experience strong growth. We anticipate that,
with the full infrastructure and resources of Securities America behind
it, many more advisors and clients will soon reap those benefits."

About Securities America
, a wholly owned subsidiary of Ladenburg Thalmann Financial
Services Inc. (NYSE:LTS, LTS PrA, LTSL, LTSF, LTSK)), is one of
the nation's largest independent advisory and brokerage firms, with more
than 2,500 independent advisors and over $86 billion in client assets as
of Dec. 31, 2017.

Securities offered through Securities America, Inc., member FINRA /
SIPC. Advisory services offered through Securities America Advisors.
Securities America and Ladenburg Thalmann Financial Services Inc. are
separate entities from all other entities named.

About Ladenburg Thalmann
Ladenburg Thalmann Financial
Services Inc. (NYSE:LTS, LTS PrA, LTSL, LTSF, LTSK)) is a
publicly-traded diversified financial services company based in Miami,
Florida. Ladenburg's subsidiaries include industry-leading independent
advisory and brokerage (IAB) firms Securities America, Triad Advisors,
Securities Service Network, Investacorp and KMS Financial Services, as
well as Premier Trust, Ladenburg Thalmann Asset Management, Highland
Capital Brokerage, a leading independent life insurance brokerage
company, Ladenburg Thalmann Annuity Insurance Services, a full-service
annuity processing and marketing company, and Ladenburg Thalmann & Co.
Inc., an investment bank which has been a member of the New York Stock
Exchange for over 135 years. The company is committed to investing in
the growth of its subsidiaries while respecting and maintaining their
individual business identities, cultures, and leadership. For more
information, please visit

This press release includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding future growth. These statements are based
on management's current expectations or beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements herein due
to changes in economic, business, competitive and/or regulatory factors,
and other risks and uncertainties affecting the operation of Ladenburg
Thalmann's business. These risks, uncertainties and contingencies
include those set forth in Ladenburg Thalmann's annual report on Form
10-K for the fiscal year ended December 31, 2017 and other factors
detailed from time to time in its other filings with the Securities and
Exchange Commission. The information set forth herein should be read in
light of such risks. Further, investors should keep in mind that
Ladenburg Thalmann's quarterly revenue and profits can fluctuate
materially depending on many factors, including the number, size and
timing of completed offerings and other transactions. Accordingly,
Ladenburg Thalmann's revenue and profits in any particular quarter may
not be indicative of future results. Ladenburg Thalmann is under no
obligation to, and expressly disclaims any obligation to, update or
alter its forward-looking statements, whether as a result of new
information, future events, changes in assumptions or otherwise, except
as required by law.

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