Securities America, a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc., (NYSE MKT: LTS), welcomes Progressive Asset Management (OTC MKT: PAMI), a national full-service financial network with $220 million in client assets.

Progressive Asset Management (PAM) brings a 27-year history in the field of socially responsible investing (SRI) to Securities America. Under its former broker-dealer, PAM provided proprietary social screening and research, shareholder proxy alert services and ProgressiveTrack Investments™, a suite of proprietary SRI-screened index-tracking portfolios, to all its advisors. It will continue to provide those services to Securities America advisors.

“We spent 18 months looking for the right partner, a firm that valued our AUM and recognized the value of the Progressive Asset Management history and that supported a build out of the PAM brand in a rapidly growing market place,” said PAM President Catherine Cartier. “At our first meeting, both sides were excited about our ability to expand our brand with a firm that offers state-of-the-art technology, a solid back office support team and the flexibility advisors need to succeed. Securities America worked with us to make that happen.”

“Catherine had this vision of broadening the scope of socially responsible investing to reach even more value-based investors, and we’re proud to partner with her team in this endeavor,” said Gregg Johnson, Securities America executive vice president of branch office development and acquisitions. “We’re incredibly pleased PAM chose Securities America, and we look forward to working closely with Catherine and the rest of her team.”

About PAM

Progressive Asset Management (PAM) is a national, full-service, financial advisor network with a focus on building strong, enduring relationships with the individuals, families, organizations and institutions we serve. The firm’s knowledgeable advisors assist clients in achieving their fiscal goals and give them the opportunity to invest in ways that can have a positive impact on society.

About Securities America

Securities America is one of the nation’s largest independent broker-dealers with more than 2,000 independent advisors and $60 billion in client assets.

Advisory services offered through Securities America Advisors, Inc., an SEC Registered Investment Advisory Firm. Securities offered through Securities America, Inc., member FINRA/SIPC. Progressive Asset Management and Securities America are separate, unaffiliated entities.

Progressive Asset Management, Inc.

Progressive Asset Management, Inc.

Providing individuals and institutions with access to Socially Responsible Investment options since 1987.

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