MINNEAPOLIS--(BUSINESS WIRE)--
Ameriprise Financial, Inc. (NYSE: AMP) today announced that it has
signed a definitive agreement to sell Securities America Financial
Corporation and its subsidiaries to Ladenburg Thalman Financial
Services, Inc. (NYSE Amex: LTS) for $150 million in cash and potential
future payments if Securities America reaches certain financial
criteria. La Vista, Neb.-based Securities America is an independent
broker-dealer with approximately 1,700 financial advisors.
The transaction, which requires standard regulatory approvals, is
expected to close by the end of 2011.
Ameriprise Financial, Inc. is a diversified financial services company
serving the comprehensive financial planning needs of the mass affluent
and affluent. For more information, visit ameriprise.com.
Source: Ameriprise Financial, Inc.
Contact:
Investors:
Ameriprise Financial
Alicia Charity,
612-671-2080
alicia.a.charity@ampf.com
or
Media:
Ameriprise
Financial
Ben Pratt, 612-678-5881
benjamin.j.pratt@ampf.com