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Securities Service Network Expands Encompass Program on FolioDynamix Wealth Management Technology Platform

NEW YORK, Sept. 1, 2015 (GLOBE NEWSWIRE) -- FolioDynamix, a leading provider of wealth management technology and advisory services, today announced that Securities Service Network (SSN), a wholly owned subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE MKT:LTS), is expanding its use of the FolioDynamix wealth management technology platform, branded at SSN as Encompass. The company's new platform, Encompass SMA, will include numerous third-party managers vetted by FDx Advisors, the registered investment advisor affiliate of FolioDynamix. The expansion also includes several managers specifically selected by SSN for the Encompass SMA program, including Ladenburg Thalmann Asset Management. The growing SMA program will be made available to SSN's entire network of independent financial advisors nationwide and will include 30 managers and approximately 100 different strategies.

"We are excited to broaden the lineup of SMA investment offerings available to our independent advisor network," stated Wade Wilkinson, president and CEO of Securities Service Network. "Our ability to easily and continuously adapt and expand our program offerings on the FolioDynamix platform was a key factor in our selection of the technology. We have been very pleased with the results we've seen from the platform in terms of streamlined processes, the ability for our advisors to manage all accounts from a single web interface and the quality of the research and manager selections provided by FDx Advisors."

"We are pleased that Securities Service Network is leveraging the flexibility of the platform to innovate and grow its program offerings," said Joseph Mrak, chairman and CEO of FolioDynamix. "In addition to providing a single technology platform for the full wealth management lifecycle, a big differentiator of FolioDynamix is the ability of firms to take advantage of the due diligence and customized program guidance that FDx Advisors offers. The combination of next generation technology and the ability to seamlessly expand and grow the business with new program offerings on-demand is helping to create a strategic advantage for forward-thinking wealth management firms like SSN."

About FolioDynamix

FolioDynamix offers the most comprehensive web-based wealth management technology platform for managing the full advisory lifecycle – proposal generation, research, model management, portfolio accounting, trade order management, reporting, and performance analytics. Unlike other wealth management platforms, the FolioDynamix platform is truly unified to eliminate silos and empower advisors with a single platform to manage all customer accounts. FolioDynamix provides registered investment advisors, banks, broker dealers, custodians and wealth service providers with leading-edge technology to attract and retain advisors, accelerate client acquisition and gain visibility across all assets under management. The results are improved efficiency, stronger compliance, enhanced client service and faster growth. FolioDynamix is an Actua company (Nasdaq:ACTA). Visit www.foliodynamix.com. Follow us on Twitter @foliodx.

About FDx Advisors

FDx Advisors is the registered investment advisor (RIA) affiliate of FolioDynamix. FDx Advisors specializes in helping wealth management firms improve the quality of research, investment models and advisory programs they offer with the goal of helping firms become more competitive, attract more clients and grow assets under management. Visit www.fdxadvisors.com.

About Securities Service Network

Securities Service Network, Inc. (SSN) is an industry leading independent broker dealer, founded in 1983 and headquartered in Knoxville, Tennessee. SSN currently has more than 400 affiliated financial professionals nationwide, offering a wide array of financial products and services to the investing public. In trade publications like Investment News, Investment Advisor, REP. and Financial Planning, SSN consistently ranks as one of the nation's leading independent broker dealers. The company was named to the INC. 500 Hall of Fame after many years of qualifying for the magazine's well-known award to the fastest growing companies in America. SSN is a wholly owned subsidiary of Ladenburg Thalmann Financial Services, Inc. (NYSE MKT:LTS). For more information on SSN please visit www.joinssn.com.

CONTACT: Press Contact: FolioDynamix Vickie Nutter +1 916-288-6404 vickie.nutter@foliodx.com Securities Service Network Cindy Winchester 800-264-5499 Cindy.winchester@ssnetwork.com

Source: FolioDynamix