A river of ink has been written about the Department of Labor’s recent fiduciary rule proposal. The topic dominates the headlines even though no one yet knows what impact the rule, if passed, will have on our clients. It is likely that there will be changes to the rule and possible that the rule won’t be passed at all. The only thing we know for certain is that retirement planning is of paramount importance to Americans and advisors play a critical role in the process. For more information about the DOL’s proposal, visit www.financialservices.org/fiduciary/
Ladenburg Financial Services (LTS) recently published its annual letter to shareholders. 2014 was an exciting year for our partners with three acquisitions completed and record revenue of $921 million, a 16% increase from 2013. Including the 2014 acquisitions, the Ladenburg enterprise now has more than $1.1 billion annual gross revenue. You may access the letter here. Congratulations for a great year and bright future!
I would like to offer condolences to the Larry Olson’s wife, Shirley and son, Erick. Larry went to be with the Lord on March 12, 2015. Larry was a member of the SSN family for more than fourteen years and always a gentleman. He will be missed by all of us at the corporate office. Fortunately, Larry and Erick had a very strong plan for succession and Larry’s clients will continue to be well-served by Erick and his team for many years to come.
Thank you for your business,