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LADENBURG THALMANN OUTPERFORMS TOP 15 BROKERAGE FIRMS
IN STOCK PICKS FOR 1999
NEW YORK, NY, February 7, 2000 – Ladenburg Thalmann & Co. Inc., the investment banking and brokerage firm, announced that its Focus List Performance for 1999, outperformed the nation’s top 15 brokerage firms, according to Zacks Investment Research.
Ladenburg Thalmann’s focus list picks resulted in a return of 62.10%. Prudential Securities, which was the leading performer of major brokerage houses, had a return of 51.20%; Credit Suisse First Boston was at 50.3%; and Lehman Brothers was at 42.9%. Zacks Investment Research rates the performance for each firm as a time-weighted average versus the Dow Jones Industrials, S&P 500, Russell 2000 and NASDAQ Composite.
According to Victor M. Rivas, Chairman and CEO of Ladenburg Thalmann: “This ranking further demonstrates Ladenburg’s commitment to providing clients with superior service, sound advice and innovative investment perspectives.”
Founded in 1876 and a NYSE member since 1879, Ladenburg Thalmann is a full service investment banking and brokerage firm based in New York, with regional offices in Los Angeles, Boca Raton and Cleveland. The Research division’s strategic focus is on the Cable, Media, Entertainment, Technology/Internet, Telecom, CLECs and Retail sectors. Ladenburg Thalmann’s corporate finance department specializes in middle market companies and emerging growth businesses. The firm’s retail brokerage division, Private Client Services, is supported by the firm’s research, and its asset management capabilities. |
