Ladenburg Thalmann Financial Services' $150 million purchase of Securities America, Ameriprise's independent broker-dealer unit, will greatly increase the size and reach of Ladenburg Thalmann, but isn't likely to shift the rankings of the largest independent firms in the financial advisory industry. At least not right away.
Ameriprise, with its nearly 8,000 advisors, was ranked No. 2 in annual sales in a survey conducted earlier this year by Financial Planning magazine, well behind giant LPL Financial, with its 12,600 advisors, and ahead of third-ranked Raymond James Financial.
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