BNET Industries

Market Cap:$106.6M
Last Fiscal Year Sales:$123.7M
  • Public
  • US
Dow Jones Description

We are engaged in retail and institutional securities brokerage, investment banking services and investment activities through our principal operating subsidiary, Ladenburg Thalmann & Co. Inc. (?Ladenburg?). We are committed to establishing a significant presence in the financial services industry by meeting the varying investment needs of our corporate, institutional and retail clients. Ladenburg is a full service broker-dealer that has been a member of the New York Stock Exchange (?NYSE?) since 1879. It provides its services principally for middle market and emerging growth companies and high net worth individuals through a coordinated effort among corporate finance, capital markets, investment management, brokerage and trading professionals. Ladenburg is subject to regulation by, among others, the Securities and Exchange Commission (?SEC?), the NYSE and the National Association of Securities Dealers, Inc. (?NASD?) and is a member of the Securities Investor Protection Corporation (?SIPC?). Ladenburg currently has 96 registered representatives and 70 other full time employees. Its private client services and institutional sales departments serve approximately 70,000 accounts nationwide and its asset management area provides investment management and financial planning services to numerous individuals and institutions.

Chief Executive Officer
Richard J Lampen
Number of Employees 162
Contact Information

Miami

(305) 572-4100

NAICS Code Offices of Bank Holding Companies: 551111

Recent Events

  • Ladenburg Thalmann narrows Q3 losses

    11/09/09 - Financial Announcement - View Story

  • Juma Retains Ladenburg Thalmann as Investment Banking Partner

    9/29/09 - Licensing / Contract - View Story

  • Ladenburg Thalmann Q2 revenue up 36%

    8/07/09 - Financial Announcement - View Story

  • Ladenburg Thalmann Enhances Investment Banking Team with Addition of Daniel Seiner, Daniel Hochstadt and Menashe...

    6/04/09 - Mgmt. Change Entering - Other - View Story

  • CORRECTED-UPDATE 2-MOVES-Merriman, Credit Suisse, Nir, Oppenheimer EU

    6/03/09 - Mgmt. Change Entering - Other - View Story

News & Analysis

ladenburg thalmann financial services inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Richard J Lampen Chief Executive Officer
Salvatore Giardina CFO & Vice President
Daniel Seiner Managing Director, Investment Banking Division
Howard M. Lorber Consultant
Brian S. Genson Director
Henry C. Beinstein Director
Robert J. Eide Director

Board of Directors

Name (plus bio) Position
Dr. Phillip Frost Chairman of the Board of Directors
Benjamin D. Pelton Board of Directors
Jeffrey S. Podell Board of Directors
Mark Zeitchick Board of Directors
Richard J. Rosenstock Board of Directors
Steven A. Rosen Board of Directors
Vincent A. Mangone Board of Directors

Richard J. Lampen is Executive Vice President of Vector Group. Mr. Lampen also served as Executive Vice President of New Valley from October 1995 until its merger with Vector Group in December 2005. Since November 1998, he has served as President and Chief Executive Officer of CDSI Holdings Inc., an affiliate of New Valley seeking acquisition or investment opportunities. Since September 2006, he has served as President and Chief Executive Officer of Ladenburg Thalmann Financial Services. Mr. Lampen has served as interim President and Chief Executive Officer and a member of the Board of Directors of Castle Brands Inc. (AMEX:ROX), a publicly traded developer and importer of premium brand spirits in which Vector holds an 11% equity interest as of November 9, 2008. Prior to joining the Company in 1995, Mr. Lampen was a partner at Steel Hector & Davis, a law firm located in Miami, Florida. Previously, Mr. Lampen was a Managing Director at Salomon Brothers Inc. Mr. Lampen is a director of New Valley, CDSI Holdings Inc. and Ladenburg Thalmann Financial Services. Mr. Lampen has also served as a director of a number of other companies, including U.S. Can Corporation, The International Bank of Miami, N.A. and Spec's Music Inc., as well as a court-appointed independent director of Trump Plaza Funding, Inc. Mr. Lampen received a Bachelor of Arts degree from Johns Hopkins University and a Juris Doctorate degree from Columbia Law School.

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Chief Executive Officer Current
Ladenburg Thalmann Financial Services Inc. President Current
New Valley Corporation General Counsel & Executive Vice President Current
VGR Holding Inc Executive Vice President Current
Vector Group Ltd. Executive Vice President Current
Liggett Group Inc. Executive Vice President Current
Ladenburg Thalmann Financial Services Inc. Board of Directors Current
New Valley Corporation Board of Directors Current
Salomon Brothers Inc. Managing Director Former
Cdsi Holdings, Inc. Former
Steel Hector & Davis Llp Former
Columbia University Law School Juris Doctorate Degree Former
The Johns Hopkins University Bachelor of Arts Degree Former

Organization Position Status
Ladenburg Thalmann Financial Services Inc. CFO & Vice President Current

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Managing Director, Investment Banking Division Current

Array

Organization Position Status
Vector Group Ltd. Chief Executive Officer Current
New Valley Corporation President & COO Current
United Capital Corp. Consultant Current
Ladenburg Thalmann Financial Services Inc. Consultant Current
Aegis Capital Corporation, LLC Consultant Current
Nathan's Famous Inc. Chairman of the Board of Directors Current
Prime Hospitality Corp. Chairman of the Board of Directors Current
United Capital Corp. Chairman of the Board of Directors Current
Ladenburg Thalmann Financial Services Inc. Chairman of the Board of Directors Current
Pzk Vice Chairman Current
Sp Acquisition Holdings, Inc. Director Current
Long Island University Board of Directors Current
New Valley Corporation Board of Directors Current
Vector Group Ltd. Board of Directors Current
Native Tongue - Urban Marketing Solutions Director Current
Long Island University Trustee Current
Vector Group Ltd. President Former
Vector Group Ltd. Consultant Former
FINRA member firm Former
Ladenburg Thalmann Financial Services Inc. Vice Chairman of the Board Former
Prime Hospitality Corp. Director Former
United Capital Corp. Director Current
Long Island University Master of Science Degree In Taxation Former
Long Island University Bachelor of Arts Degree Former

Phillip Frost, M.D. Dr. Frost became the CEO and Chairman of OPKO Health, Inc. upon the consummation of the merger of Acuity Pharmaceuticals Inc., Froptix Corporation and eXegenics, Inc. on March 27, 2007 (referred to as the Acquisition ). Dr. Frost was named the Vice Chairman of the Board of Teva Pharmaceutical Industries, Limited (NasdaqGS:TEVA), or Teva, in January 2006 when Teva acquired IVAX Corporation, or IVAX. Dr. Frost had served as Chairman of the Board of Directors and Chief Executive Officer of IVAX Corporation since 1987. He was Chairman of the Department of Dermatology at Mt. Sinai Medical Center of Greater Miami, Miami Beach, Florida from 1972 to 1986. Dr. Frost was Chairman of the Board of Directors of Key Pharmaceuticals, Inc. from 1972 until the acquisition of Key Pharmaceuticals by Schering Plough Corporation in 1986. Dr. Frost was named Chairman of the Board of Ladenburg Thalmann Financial Services Inc. (NYSE Amex: LTS), an investment banking, asset management, and securities brokerage firm providing services through its principal operating subsidiary, Ladenburg Thalmann & Co. Inc., in July 2006 and has been a director of Ladenburg Thalmann since March 2005. Dr. Frost also serves as Chairman of the Board of Directors of Ideation Acquisition Corp., a special purpose acquisition company formed for the purpose of acquiring businesses in digital media (NYSE Amex: IDI), Modigene Inc., a development stage biopharmaceutical company (OTCBB: MODG), and Castle Brands, a developer and marketer of premium brand spirits (NYSE Amex: ROX). He serves on the Board of Regents of the Smithsonian Institution, as a member of the Board of Trustees of the University of Miami, a Trustee of each of the Scripps Research Institutes, the Miami Jewish Home for the Aged, and the Mount Sinai Medical Center. Dr. Frost is also a director of Continucare Corporation, a provider of outpatient healthcare and home healthcare services (NYSE Amex: CNU), and Northrop Grumman Corp., a global defense and aerospace company (NYSE: NOC).

Organization Position Status
Opko Health, Inc. CEO Current
Peregrine Ventures | Terms & Conditions General Partner & Investment Committee Member Current
University of Miami Trustee Current
The Scripps Research Institute Trustee Current
Ladenburg Thalmann Financial Services Inc. Chairman of the Board of Directors Current
Pzk Chairman Current
Opko Health, Inc. Chairman Current
Modigene Inc. Chairman of The Board of Directors Current
Ideation Acquisition Corp. Chairman of the Board of Directors Current
Ladenburg Thalmann & Co., Inc. Director Current
Cellular Technical Services Co, Inc. Director Current
Protalix Biotherapeutics, Inc. Board of Directors Current
Continucare Corporation Director Current
The Regents Board of Directors Current
The American Stock Exchange LLC Member, Board of Governors Current
Castle Brands Inc. Board of Directors Current
Peregrine Ventures | Terms & Conditions Board of Directors Current
IVAX Diagnostics, Inc. Board of Directors Current
The Frost Group Board of Directors Current
Teva Pharmaceutical Industries Ltd. Vice Chairman of the Board of Directors Current
Northrop Grumman Corporation Board of Directors Current
Continucare Corporation Vice Chairman, Board of Directors Current
IVAX Corporation CEO Former
IVAX Corporation President Former
IVAX Corporation Chairman, Board of Directors Former
University of Miami Chairman, Board of Trustees Former
Teva Pharmaceutical Industries Ltd. Chairman, Board of Directors Former
Modigene Inc. Board of Directors Former
Ladenburg Thalmann Financial Services Inc. Board of Directors Former
Albert Einstein College M.D. Former
The American Stock Exchange LLC member Former

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Board of Directors Current

Brian S. Genson has been President of Pole Position Investments, a company engaged in the motor sport business, since 1989. Mr. Genson also serves as a managing director of F1 Action located in Stanstead England, which is engaged in investing in the motor sport industry. Mr. Genson has been a director of Ladenburg Thalmann Financial Services, Inc., an investment banking and brokerage firm, since 2004. Mr. Genson was also responsible for introducing Ben and Jerry s Ice Cream Company to the Japanese market. Mr. Genson previously served as a director of Nathan s from 1987 to 1989.

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Director Current
Nathan's Famous Inc. Director Current
Nathan's Famous Inc. Presidentmotorsport Investments Former

Bennett S. LeBow is the Chairman of the Board of Vector Group. Mr. LeBow has been affiliated with the Company since 1986. Mr. LeBow also serves as President and Chief Executive Officer of Vector Tobacco Inc., and as Chairman of the Board and Chief Executive Officer of New Valley Corporation. Mr. LeBow has a long history in the tobacco industry. In March 1996, under his leadership, Liggett Group broke ranks with the rest of the US tobacco industry and became the first tobacco company to settle smoking-related litigation. The Company made the landmark announcement that smoking is addictive and causes cancer and other health ailments, turned over long-secret tobacco industry documents, disclosed its ingredients, and testified against the industry. Mr. LeBow has also been a strong proponent of the national fight against underage smoking and has been influential in the movement to obtain full disclosure from the tobacco industry. Before devoting himself completely to private business in 1968, Mr. LeBow served in the Pentagon, initially as a First Lieutenant and subsequently as a civilian, serving as assistant to the Assistant Vice Chief of Staff of the United States Army. Mr. LeBow, is a 1960 graduate of Drexel University in Philadelphia, where he obtained a degree in electrical engineering. In 1998, he was awarded an honorary degree of Doctor of Science by Drexel, and Drexel's College of Business and Administration has been named in his honor. He has endowed the Bennett S. LeBow Engineering Center, a state-of-the-art facility that houses Drexel's College of Engineering. In addition, prior to entering the Army, Mr. LeBow, in the 1960's, entered a doctorate degree program at Princeton University, where he also taught logic design of computer systems.

Organization Position Status
Vector Group Ltd. Chair Current
Ladenburg Thalmann Financial Services Inc. Director Current
New Valley LLC Board of Directors Current
Pzk Board of Directors Current
Proskauer Rose Llp Executive Director Former
Schulte Roth & Zabel LLP Executive Director Former
Vector Group Ltd. Director Former

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Board of Directors Current

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Board of Directors Current

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Board of Directors Current

Robert J. Eide has been the Chairman and Chief Executive Officer of Aegis Capital Corp., a registered broker-dealer, since 1984. Mr. Eide has been a director of Vector Group Ltd., a company engaged through its subsidiaries in the manufacture and sale of cigarettes in the United States and Russia, and VGR Holding, Inc., since November 1993. Mr. Eide also serves as a director of Ladenburg Thalmann Financial Services, Inc., an investment banking and brokerage firm.

Organization Position Status
Nathan's Famous Inc. Chairman and Chief Executive Officer Aegis Capital Corp. Current
Vector Group Ltd. Chairman and Chief Executive Officer Current
Aegis Capital Corporation, LLC Chairman Current
Vector Group Ltd. Director Current
Nathan's Famous Inc. Director Current
Ladenburg Thalmann Financial Services Inc. Director Current

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Board of Directors Current

Organization Position Status
Ladenburg Thalmann Financial Services Inc. Board of Directors Current

Executive News

  • Opko narrows losses

    Biz Journals - 8/10/09 - View Story

  • Vector Group Ltd. Completes Exchange of Senior Convertible Notes

    Forbes.com - 6/30/09 - View Story

  • Vector Group Ltd. Completes Exchange of Senior Convertible Notes

    Business Wire - 6/30/09 - View Story

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     LTS $0.64 +0.03 (4.10% )
Average Volume 221,167
Shares Outstanding 167.88M
Market Cap 106.6M
Year High 1.19
Year Low 0.36
Earnings Per Share -0.14
P/E Ratio -4.54
Dividend N/A
Yield N/A
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