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  <TITLE> Ladenburg Thalmann Financial Services Inc. (Form: 8-K) </TITLE>
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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	October 2, 2007
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  	Ladenburg Thalmann Financial Services Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Florida
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  	001-15799
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  	650701248
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	&nbsp;&nbsp;
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  	4400 Biscayne Blvd., 12th Floor, Miami, Florida
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  	33137
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  _________________________________<BR>
  	(Address of principal executive offices)
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  ___________<BR>
  	(Zip Code)
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  	Registrant&#146;s telephone number, including area code:
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  	(212) 409-2000
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:</FONT>
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  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 1.01 Entry into a Material Definitive Agreement.
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  On October 2, 2007, Ladenburg Thalmann & Co. Inc., the principal operating subsidiary of Ladenburg Thalmann Financial Services Inc. ("Company"), entered into a $72,000,000 temporary Subordinated Loan Agreement on NYSE Form CSAT ("Loan Agreement") with Frost Gamma Investments Trust, an affiliate of Dr. Phillip Frost, the Chairman of the Board of Directors of the Company and the Company's principal shareholder.  The Loan Agreement bears interest at the London Inter-Bank Offer Rate (LIBOR) plus 2%, payable monthly, and provides for a commitment fee of $420,000.  The Loan Agreement requires repayment by November 14, 2007.  The Company entered into the Loan Agreement to meet certain capital requirements in connection with underwriting transactions. The Company&#x2019;s Audit Committee approved the terms of the transaction.
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  	Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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  The information in Item 1.01 of this Current Report is incorporated by reference.
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  	SIGNATURES
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  	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.
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  	Ladenburg Thalmann Financial Services Inc.
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  <I>
  	October 5, 2007
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  	By:
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  <I>
  	/s/ Diane Chillemi
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  <I>
  	Name: Diane Chillemi
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  	Title: VP and Chief Financial Officer
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metadata_filer: {"company-data": {"conformed-name": "LADENBURG THALMANN FINANCIAL SERVICES INC", "cik": "0001029730", "assigned-sic": "6200", "irs-number": "650701248", "state-of-incorporation": "FL", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-15799", "film-number": "071160117"}, "business-address": {"street1": "590 MADISON AVENUE 34TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022", "phone": "5164701000"}, "mail-address": {"street1": "590 MADISON AVENUE 34TH FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10022"}, "former-company": [{"former-conformed-name": "GBI CAPITAL MANAGEMENT CORP", "date-changed": "19990826"}, {"former-conformed-name": "FROST HANNA CAPITAL GROUP INC", "date-changed": "19961227"}]}
text: Ladenburg Thalmann Financial Services Inc. (Form: 8-K)
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
  Date of Report (Date of Earliest Event Reported):
  October 2, 2007
  Ladenburg Thalmann Financial Services Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Florida
  001-15799
  650701248
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  4400 Biscayne Blvd., 12th Floor, Miami, Florida
  33137
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  (212) 409-2000
  Not Applicable
  ______________________________________________
  Former name or former address, if changed since last report
  Check the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any
  of the following provisions:
  [  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Top of the Form
  Item 1.01 Entry into a Material Definitive Agreement.
  On October 2, 2007, Ladenburg Thalmann & Co. Inc., the principal operating subsidiary of Ladenburg Thalmann Financial Services Inc. ("Company"), entered into a $72,000,000 temporary Subordinated Loan Agreement on NYSE Form CSAT ("Loan Agreement") with Frost Gamma Investments Trust, an affiliate of Dr. Phillip Frost, the Chairman of the Board of Directors of the Company and the Company's principal shareholder.  The Loan Agreement bears interest at the London Inter-Bank Offer Rate (LIBOR) plus 2%, payable monthly, and provides for a commitment fee of $420,000.  The Loan Agreement requires repayment by November 14, 2007.  The Company entered into the Loan Agreement to meet certain capital requirements in connection with underwriting transactions. The Company's Audit Committee approved the terms of the transaction.
  Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
  The information in Item 1.01 of this Current Report is incorporated by reference.
  Top of the Form
  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.
  Ladenburg Thalmann Financial Services Inc.
  October 5, 2007
  By:
  /s/ Diane Chillemi
  Name: Diane Chillemi
  Title: VP and Chief Financial Officer