. . . EXHIBIT 21 SUBSIDIARIES OF REGISTRANT
NAME PERCENTAGE OWNERSHIP (%) STATE OF ORGANIZATION - ---- ------------------------ --------------------- Ladenburg Thalmann & Co. Inc. 100 Delaware Ladenburg Capital Fund Management Inc. 100 New York Ladenburg Capital Management Inc. 100 New York Ladenburg Thalmann Asset Management Inc.* 100 New York Financial Partners Capital Management Inc.* 100 New York
- ----------- * Wholly owned by Ladenburg Thalmann & Co. Inc. Not included above are other subsidiaries which, if considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary, as such term is defined by Rule 1-02(w) of Regulation S-X.