Ladenburg Thalmann Annuity Insurance Services (LTAIS) Acquires Certain Assets of Kestler Financial Group’s Insurance Distribution Business

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS, LTSL, LTS PrA, LTSF, LTSK) (“Ladenburg”), a publicly-traded, diversified financial services company, announced today that its Ladenburg Thalmann Annuity Insurance Services LLC (“LTAIS”) subsidiary has purchased certain assets of the insurance distribution business operated by Kestler Financial Group, Inc. (“KFG”), a leading independent distribution company (“IDC”) located in Leesburg, Virginia.