Regulation FD

Ladenburg Thalmann Financial Services Inc. (the Company) today announced certain preliminary, unaudited revenue information for the year ended December 31, 2018 for the Companys five independent advisory and brokerage (IAB) subsidiaries.

Preliminary, Unaudited Full Year 2018 Revenues

On January 1, 2018, the Company adopted FASB Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606) and all related amendments (ASC 606). ASC 606 became effective for public companies for fiscal years beginning January 1, 2018, and will be effective for private companies for fiscal years beginning January 1, 2019. The Company believes it is important to include a presentation of its revenue on the most comparable basis practica ble. The Companys adoption of the new revenue standard has an impact on the timing of when revenues and related costs are recognized and impacts the gross vs. net reporting presentation of advisory and commissions revenues. The Company has adopted this standard under the modified retrospective method, which does not require a restatement of prior period results. See Item 2. "Managements Discussion and Analysis of Financial Condition and Results of Operations Critical Accounting Policies" in the Companys quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 7, 2018.

The following table compares the total revenues for the year ended December 31, 2018 for the Companys five IAB subsidiaries under ASC 606 to: (i) the total revenues for the year ended December 31, 2018 had the previous accounting standards been in effect and (ii) the total revenues for the year ended December 31, 2017 under the previous accounting standard.

Total Revenues for

the Year Ended

December 31, 2018

Total Revenues for

the Year Ended

December 31, 2017

(Unaudited; Amounts in

millions)

Amounts without the

adoption of ASC 606

Amounts Under ASC 606

Effects of Change

Higher/(Lower)

Amounts prior to the

adoption of ASC 606

IAB Subsidiary

Investacorp

$

104.7

$

104.7

$

-

$

92.1

Triad Advisors

221.3

132.1

(89.2)

183.9

Securities America

802.3

699.6

(102.7)

637.3

KMS Financial Services

122.8

122.8

-

108.4

Securities Service Network

129.1

100.4

(28.7)

118.3

In accordance with General Instruction B.2 of Form 8-K, the information in this Current Report on Form 8-K is being furnished pursuant to Item 7.01 of Form 8-K and will not, except to the extent required by applicable law or regulation, be deemed filed by Ladenburg Thalmann Financial Services Inc. for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor will any of such information or exhibits be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

March 1

, 2019

LADENBURG THALMANN FINANCIAL SERVICES INC.

By:

/s/ Brett H. Kaufman

Name:

Brett H. Kaufman

Title:

Senior Vice President and Chief Financial Officer

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