KMS offers broad and flexible access to investment vehicles, platforms, and custodial relationships, including the Ladenburg Advantage – a proprietary, in-house resource offered for the sole use of advisors affiliated with Ladenburg Thalmann subsidiary firms. As a KMS advisor, you will have access to trust services, asset management, and top-rated research for capital markets, equities and mutual funds, retirement services and point-of-sale annuity support.
Brokerage Account Products & Services
KMS' primary, full-service clearing is through Pershing LLC, a BNY Mellon Company. We also work closely with Charles Schwab & Co., TD Ameritrade, and Fidelity Institutional Wealth Services as added choices for your fee-based asset management business.
Fee-based Advisory Services
KMS is an SEC-registered advisor with a multi-faceted umbrella under which advisory representatives can offer their own portfolio management services, financial planning, and consulting, as well as an array of third-party asset management platforms and providers. At KMS, you'll have access to four custodians for your advisory business: Charles Schwab & Co, Fidelity Institutional, TD Ameritrade, and Pershing LLC – giving you true flexibility and choice on how to best serve your clients and their financial needs.
KMS maintains selling agreements with nearly 200 mutual fund groups representing thousands of funds. In addition to going direct with the fund family, many funds are available on our custodial platforms (Pershing LLC, Charles Schwab, TD Ameritrade, and Fidelity). The custodians' online systems provide support information on fund availability, including participation in no-transaction-fee programs and more.
Annuities & Insurance
KMS advisors have access to an extensive list for variable annuities, life and fixed indexed annuity/life business. KMS generally is not directly involved in processing other insurance lines. You may maintain your own brokerage agency relationships or explore KMS’ relationship with Highland Capital Brokerage — a subsidiary of Ladenburg Thalmann Financial Services, Inc. Highland Capital is a recognized leader in high-level, advanced sales support (including point-of-sale assistance) for independent advisors, providing access to a range of competitive companies for traditional life, long-term care, and disability income.
"Alternatives" — Direct Participation Investments
KMS conducts due diligence on a very limited menu of illiquid or limited-liquidity alternative investments, including public or private limited partnerships, non-traded REITs, BDCs, and more.
KMS advisors can provide both ERISA Non-Fiduciary Services, ERISA 3(21) Fiduciary Services to Plan Fiduciary and ERISA 3(38) Fiduciary Services (with proper credentials), in either a commission-based or fee-based capacity.
If you service a multi-participant retirement plan (e.g., 401(k), Defined Benefit, Defined Contribution, Profit-Sharing Plan, etc.), you are required to take a KMS' training module on the subject and complete KMS Form B-6, "KMS Rep Application to Provide Service to ERISA Plans," in addition to completing ERISA documentation for each plan you service.