Ladenburg Thalmann Financial Services, a publicly-traded diversified financial services company, has launched an enterprise-wide due diligence platform.
The newly created platform will provide key functions such as product analysis, due diligence and ongoing performance monitoring to the five subsidiaries that comprise Ladenburg’s network of independent advisory and brokerage (IAB) firms: Securities America, Triad Advisors, Investacorp, KMS Financial Services and Securities Service Network. In his newly created position as Ladenburg’s head of due diligence, Mr. Gallison, who will have the title of Vice President – Due Diligence Officer, will be based in Atlanta, Georgia, and report directly to Craig Timm, Ladenburg’s Chief Risk Officer.
“The formation of our new enterprise due diligence platform is consistent with our approach as the industry’s foremost innovator of the network model, supporting successful independent advisory and brokerage firms that operate under autonomous brands, cultures and leadership teams,” said Richard Lampen, president and CEO of Ladenburg. “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.”
The firm appointed Thayer Gallison as the head of this platform. In his new position, Gallison will work closely with Ladenburg’s executive management team to further build out and structure the new due diligence platform, which will spearhead product due diligence processes across the firm’s five IAB subsidiaries. Gallison will manage all existing due diligence team members across Ladenburg’s IAB subsidiaries, and will also be responsible for developing, implementing and monitoring procedures to support due diligence policy and management.
Prior to joining Ladenburg, Gallison held a series of leadership positions of escalating responsibility over nearly seven years at Advisor Group. Most recently, he served as Advisor Group’s vice president for investment research and product due diligence, where he led development, implementation and execution of all investment research, due diligence and product strategy. Prior to his time at Advisor Group, Gallison served as a senior investment analyst at MV Capital Management in Atlanta.