KMS Financial Services, Inc.

KMS Financial Services, Inc.

A subsidiary of Ladenburg Thalmann Financial Services Inc.

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2001 Sixth Avenue, Suite 2801

Seattle, WA 98121

(206) 441-2885

kms.com

Clearing firm: Charles Schwab, Fidelity Clearing and Custody Solutions, Pershing LLC, TD Ameritrade

No. advisers: 452

No. franchises: 268

AUM: $16,400,000,000

Year founded: 1971

Year end: Dec. 31

No. of retail offices: 1

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Additional data available to subscribers:
  • No. of reps, male
  • No. of reps, female
  • No. of producing reps, male
  • No. of producing reps, female
  • No. of reps producing $500K+ /year
  • No. of CFPs
  • No. of full-time employees
  • No. of fee-based advisers served
  • Average payout per rep, per year
  • Avg. annual production of top 20% reps
  • Total payout, per year
  • Cost of E&O insurance per rep, per year
  • Affiliation fees charged per rep, per year
  • Affiliation fee coverage
  • Securities revenues
  • Securities revenues: Stocks
  • Securities revenues: Bonds
  • Securities revenues: ETFs
  • Securities revenues: Other
  • Mutual fund revenues
  • Annuities revenues
  • Annuities revenues: Fixed
  • Annuities revenues: Variable
  • Annuities revenues: Other
  • Insurance revenue
  • Insurance revenues: Life
  • Insurance revenues: Disabilities
  • Insurance revenues: LTC
  • Insurance revenues: Other
  • Alternative revenues
  • Alternative revenues: Hedge funds
  • Alternative revenues: Managed futures
  • Alternative revenues: Private placements
  • Alternative revenues: REITs
  • Alternative revenues: Other
  • Other commission revenues
  • Fee revenues: Rep-managed accounts
  • Fee revenues: Firm-managed accounts
  • Fee revenues: Outside-managed accounts
  • Fee revenues: Other
  • Fee-based assets: Clearing firm
  • Fee-based assets: Advisory firm platforms
  • Fee-based assets: Third-party money managers
  • Fee-based assets: Other
  • Is the firm, or an affiliate of the firm, registered as an investment adviser with the SEC?
  • Allows an adviser to have his/her own RIA
  • RIA platform AUM
  • Offers robo-advisory platform?
  • If not, when plans to offer a robo-platform
  • Robo-advice services offered
  • How robo-platform developed
  • Charge for robo-advisory services?

For More Information

CEOEric S. Westberg
Recruiting ContactHoward Englehart
(206) 441-2885, ext. 232
E-mail
Compliance ContactCasey Dougherty
(206) 441-2885, ext. 270
E-mail
Marketing ContactErinn Ford
(206) 441-2885, ext. 253
E-mail
Technology Operations ContactAileen Krohn
(206) 441-2885, ext. 211
E-mail

Recruitment & Staffing

2018 2017 2016
No. of reps452448401
No. of producing reps338341322
No. of reps producing $100K-$499K /year172172154

Payout grid is available to Data Center subscribers only.

Subscribe or log in to the B-D Data Center for access to all available data.

2018 2017 2016
Total revenues$122,780,641$108,414,395$96,423,461
Commission revenues$46,712,374$43,733,467$41,959,959
Fee revenues$60,795,192$54,996,197$47,943,359
Total revenues: Other$15,273,075$9,684,731$6,520,143
2018 2017 2016
Total account assets$16,400,000,000$17,900,000,000$15,290,000,000
Fee-based assets$7,076,241,650$7,454,936,319$5,772,000,000
Total account assets: Other$9,323,758,349$10,445,063,680$9,518,000,000
Average assets per rep$36,283,186$39,955,357$38,129,676

No bonuses to advisers in Ladenburg Thalmann, Advisor Group deal

November 12, 2019 - The 4,400 financial advisers working for Ladenburg Thalmann Financial Services Inc., soon to be bought by the Advisor Group, are not likely to see retention bonuses in their immediate future,. Advisor Group said Monday night that it was buying Ladenburg...

As Ladenburg Thalmann explores sale, one of its B-Ds is hit with GPB investor complaints

November 8, 2019 - Ladenburg Thalmann Financial Services Inc. has been hit with fallout from GPB Capital Holdings. Ladenburg reported Friday morning that since July, one of its broker-dealers has been named in six customer arbitration complaints seeking $1.65 million in...

Advisor Group, Cetera Financial seen as potential buyers of Ladenburg Thalmann

November 1, 2019 - Advisor Group and Cetera Financial Group, along with a private-equity investor, are the likely buyers of Ladenburg Thalmann Financial Services Inc., according to several industry sources, with the value of the brokerage network and its 4,400 financial...

Ladenburg Thalmann looking for a buyer

October 30, 2019 - Ladenburg Thalmann Financial Services Inc. is exploring a sale, but the company is not releasing any details to the 4,400 financial advisers in its network. Bloomberg News reported on Tuesday that Ladenburg is working with an adviser to weigh potential...

Ladenburg Thalmann invests in impact investing startup

August 13, 2019 - Ladenburg Thalmann's latest technology investment is going to Newday Financial Technologies, a startup focused on providing millennials with low-cost impact investing strategies. Newday is an asset management firm that develops investment funds oriented...

    Notes
  • N/A = Not available
  • N/D = Not disclosed
  • — = Information not available or not disclosed

All 2011-2016 recruitment and staffing data is as of Dec. 31 in the calendar year displayed. Prior year recruitment and staffing data is as of Sept. 30. All financial figures are for firms' year end, unless noted.

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