To learn more about Ladenburg Thalmann's rich history, click on the text along the timeline.
1921 Albert Einstein
The divorce settlement with Mileva contained a unique clause in which Einstein agreed that if he were to win the Nobel Prize he would deposit the money in a Swiss bank account in Mileva's name, and she could use the interest to finance the upbringing of the children. Einstein indeed won the prize for physics in 1921, but failed to fulfill this promise, and biographies have said that Mileva always felt betrayed. The newly released papers reveal that he invested three-quarters of the money, about $24,000, in long-term bonds through Ladenburg Thalmann Bank. Mileva was supposed to receive the interest.
