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Institutional Investment Manager
LADENBURG THALMANN FINANCIAL SERVICES INC.
LADENBURG THALMANN FINANCIAL SERVICES INC. (CIK: 0001029730) incorporated in Florida, registered under Security Brokers, Dealers & Flotation Companies, located at 4400 Biscayne Blvd., Miami, FL. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 4,888 holdings with a total value of $5,683,351,000.
#
Name
Shares
Value ($)
%
Options
Notes
4851 ISHARES TR 265,484 29,416,000 0.52%
4852 ISHARES TR 204,293 29,457,000 0.52%
4853 SPDR SERIES TRUST 879,469 30,121,000 0.53%
4854 VANGUARD INDEX FDS 170,036 32,063,000 0.56%
4855 ISHARES TR 308,827 32,524,000 0.57%
4856 ALTRIA GROUP INC 525,540 32,963,000 0.58%
4857 ISHARES TR 294,826 33,189,000 0.58%
4858 CHEVRON CORP NEW 350,742 33,402,000 0.59%
4859 RYDEX ETF TRUST 436,595 34,242,000 0.60%
4860 ISHARES TR 780,253 34,284,000 0.60%
4861 Fidelity Total Bd ETF 708,525 34,508,000 0.61%
4862 J P MORGAN EXCHANGE TRADED F 708,173 34,565,000 0.61%
4863 MICROSOFT CORP 687,815 38,004,000 0.67%
4864 VANGUARD WHITEHALL FDS 583,939 40,314,000 0.71%
4865 ISHARES TR 451,540 41,022,000 0.72%
4866 VANGUARD BD INDEX FDS 543,343 43,810,000 0.77%
4867 ISHARES IBOXX $ HIGH YIELD CORPORATE BOND ETF 545,933 44,592,000 0.78%
4868 ISHARES TR 644,546 44,838,000 0.79%
4869 VANGUARD TAX-MANAGED FDS 1,261,564 45,248,000 0.80%
4870 PROCTER AND GAMBLE CO 556,726 45,855,000 0.81%
4871 JOHNSON & JOHNSON 424,212 45,956,000 0.81%
4872 SSGA ACTIVE ETF TR 932,246 45,984,000 0.81%
4873 VERIZON COMMUNICATIONS INC 895,815 48,424,000 0.85%
4874 GENERAL ELECTRIC CO 1,543,061 49,041,000 0.86%
4875 ISHARES TR 446,117 51,677,000 0.91%
4876 VANGUARD SPECIALIZED FUNDS 672,724 54,644,000 0.96%
4877 POWERSHARES QQQ TRUST 502,185 54,798,000 0.96%
4878 VANGUARD BD INDEX FDS 669,827 55,464,000 0.98%
4879 VANGUARD INDEX FDS 550,895 58,646,000 1.03%
4880 EXXON MOBIL CORP 712,183 59,450,000 1.05%
4881 VANGUARD INDEX FDS 573,870 60,153,000 1.06%
4882 BERKSHIRE HATHAWAY INC DEL 486,553 69,014,000 1.21%
4883 AT&T INC 1,841,232 72,074,000 1.27%
4884 ISHARES TR 804,232 72,306,000 1.27%
4885 SPDR S&P 500 ETF TR 395,777 81,347,000 1.43%
4886 ISHARES TR 857,654 83,454,000 1.47%
4887 ISHARES TR 981,353 96,703,000 1.70%
4888 APPLE INC 1,211,943 132,148,000 2.33%
Page 98 of 98

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001144204-16-102664, filed 2016.05.16).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.