D.A. Davidson & Co.
| Private | |
| ISIN | 🆔 |
| Industry | Financial Services |
| Founded 📆 | 1935 |
| Founder 👔 | David Adams Davidson |
| Headquarters 🏙️ | Great Falls, Montana United States |
Area served 🗺️ | |
Key people | Jim Kerr (CEO) Larry Martinez (President) Bill Johnstone (Chairman) |
| Products 📟 | Wealth Management Trust Services Investment Management Equity Capital Markets Investment Banking Fixed Income Capital Markets Municipal Investment Management |
| Revenue🤑 | US$370.7 million (2016) |
| Members | |
Number of employees | 1,300 |
| 🌐 Website | www.dadavidson.com |
| 📇 Address | |
| 📞 telephone | |
D.A. Davidson & Co. is an employee-owned broker-dealer headquartered in Great Falls, Montana, United States.[1] The company offers "integrated brokerage, capital markets, money management, trust and wealth management services" and is one firm within a larger, diversified financial services company called D.A. Davidson Companies.[2]
D.A. Davidson's equity capital markets group offers investment banking, institutional research, sales and trading, corporate services, and brokered CD underwriting, along with other capital markets services.[2] The group hosts industry conferences each year for institutional investors and corporate clients, and its annual financial services conference in Denver regularly draws more than 250 participants. [3]
D.A. Davidson's fixed income capital markets group offers fixed public finance banking services, fixed income sales and trading, brokered CD underwriting, and adviser services.[2] The firm's public finance bankers typically rank among the top in the United States for charter school financing and for public financing transactions completed in states that include Montana, Nebraska, Iowa, Wyoming and more, according to rankings from Thomson Reuters published annually in The Bond Buyer. [4]
D.A. Davidson Companies, the parent company, has more than 1,330 employees who work from offices in 24 states as of 2017.[5] According to 2016 D.A. Davidson Companies annual report, the parent company held $45 billion in client assets under management and administration, and had $370.7 million in 2016 fiscal year net revenues as of Sept. 30, 2016.[2]
Jim Kerr has served as CEO of D.A. Davidson Companies since January 2015. Larry Martinez was named company President in 2016.[6] The company's Chairman is Bill Johnstone, who previously served as CEO.[7]
History[edit]
The company started in 1935 when David Adams Davidson joined E.J. Gibson Inc. The family would later buy all of the stock of the firm and later rename it D.A. Davidson & Co. David's son, Ian, joined the firm as its third employee in 1958, after graduating from the University of California-Berkeley with a master's thesis that outlined how to build a successful securities firm away from the financial center of Wall Street. He used his thesis as the basis of the firm's strategy for later growth and development.
Ian B. Davidson was named D.A. Davidson President in 1968 and then was elected Chairman and CEO in 1970 after his father's death. He served as CEO during a period of expansion and diversification for the company.
In 1975, D.A. Davidson bought Financial Aims Corp., a financial planning firm. This acquisition would start the company's growth into the present day. In 1986, the company formed a new holding company - then called DADCO - as the parent company of D.A. Davidson and Financial Aims. The formation of the parent company set the stage for another acquisition, of Trust Corporation of Montana, which was later renamed D.A. Davidson Trust Company.[5] The parent company, DADCO, was renamed Davidson Companies in 2000 and then renamed again to become the present-day D.A. Davidson Companies.
The company acquired regional brokerage firm Crowell, Weedon & Co. of southern California in 2013 and SMITH HAYES of Nebraska in 2016. In 2013, D.A. Davidson Companies and its subsidiaries adopted a new logo showing a green bison with a golden sunburst.
Today, D.A. Davidson remains based in Montana, and together with its sister firms that comprise D.A. Davidson Companies, it is one of the largest companies with headquarters in Great Falls.[8]
Breach[edit]
In 2007, D.A. Davidson Companies (then known as Davidson Companies) was the victim of a data breach compromising 192,000 clients' personal information, including names, customer account and Social Security numbers, addresses and dates of birth.[9] The Financial Industry Regulatory Authority (FINRA) fined the company $375,000 for failure to protect confidential customer information.[10][11]
References[edit]
- ↑ D.A. Davidson Companies 2014 Annual Report
- ↑ 2.0 2.1 2.2 2.3 http://www.dadavidson.com/dc/annual-report/mobile/index.html
- ↑ "Conferences & Events - Equity Capital Markets - D.A. Davidson & Co". dadavidson.com.
- ↑ The Bond Buyer
- ↑ 5.0 5.1 D.A. Davidson Companies website: www.dadavidson.com
- ↑ "Larry Martinez Named President of D.A. Davidson Companies".
- ↑ "Jim Kerr is D.A. Davidson's fifth CEO".
- ↑ "4 thriving companies key leaders in Great Falls".
- ↑ Manning, Jeff (2010-04-13). "D.A. Davidson fined over computer security after data breach". The Oregonian. Retrieved 2013-07-26.
- ↑ "FINRA Fines D.A. Davidson & Co. $375,000 for Failure to Protect Confidential Customer Information". FINRA. Retrieved 2013-07-26.
- ↑ Laurenzo, Nikki (2009-10-27). "Suspected Davidson hackers in court". KXLH Billings, Montana. Archived from the original on 27 Jul 2013. Retrieved 2013-07-26.
External links[edit]
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