MARKET STRUCTURE DICTIONARY

--- Special thanks to John Krog for all of his hard work in helping to complile this list.  BL

THE BULGE BRACKET

Bank of America Merrill Lynch

--- Merrill Lynch, Pierce, Fenner & Smith (est. 1941, merged 2008)

    (known at Merrill Lynch, Pierce, Fenner & Beane from 1941 to 1958)

    --- Merrill Lynch, EA. Pierce, and Cassatt (est. 1940, merged 1941)

        --- Merrill, Lynch & Co. (est. 1914, merged 1940)

        --- E.A. Pierce & Co (est. 1885, merged 1940)

            (known as A.A. Housman & Co. from 1896 to 1927and Burrill & Housman from 1885 to 1896)

        --- Cassatt & Co.(est. 1872, merged 1940)

    --- Fenner & Beane (est. 1916, merged 1941)

    --- C.J. Devine & Co (acq. 1963)

    --- A.G. Becker & Co. (est. 1893, acq.1984)

    --- White Weld & Co. (acq. 1978)

    --- Herzog Heine Geduld (est. 1926, acq. 2000)

    --- Advest Group (acq. 2005)

--- Banc of America Securities (est. 1998, merged 2008)

    --- Montgomery Securities (est. 1969, acq. 1998)

        (known as NationsBank Montgomery Securities from 1997-1998 and Robertson,  Colman, Siebel & Weisel from 1969 to 1978)

--- Fleet Securities (est. 1998, merged 2003)

     --- Quick & Reilly (est. 1974, acq. 1998)

          --- Nash Weiss & Co. (acq. 1997)

     --- FleetBoston Robertson Stephens (1999-2002)

          --- BankBoston Robertson Stephens (1998-1999)

               --- BankAmerica Robertson Stephens (1997-1998)

                    --- Robertson Stephens & Co. (est. 1978, acq. 1997)

                         (known as Robertson, Colman, Stephens & Woodman from 1978 to 1989)

Barclays Capital

--- Lehman Brothers (U.S.division) (spun off from Shearson Lehman Brothers in 1994**, acq. 2008)

--- Barclays capital markets division

Citi Global Markets

--- Salomon Smith Barney (est. 1998, name dropped 2003)

    --- Smith Barney Shearson (est. 1993, merged 1998)

        --- Smith Barney, Harris Upham & Co. (est. 1975, merged 1993)

             --- Smith Barney & Co. (est. 1938, merged 1975)

                 --- Charles D. Barney & Co.(est. 1873, merged 1938)

                 --- Edward B. Smith & Co. (est. 1892, merged 1938)

             --- Harris, Upham & Co. (merged 1975)

        --- The Shearson and E.F. Hutton portion of Shearson Lehman Brothers** (acq. 1993).

    --- Salomon Brothers (est. 1910, merged 1998)

--- Schroder Wertheim (est. 1986, acq. 2000)

    (known as Wertheim Schroder from 1986 to 1994)

     --- Wertheim & Co. (est. 1927, merged 1986)

     --- Schroders’ capital markets operations (merged 1986)

Deutsche Bank

--- Morgan, Grenfell & Company (est. 1838, acq. 1990)

    (known as Deutsche Morgan Grenfell from 1990 to 1999, George Peabody & Co. from 1838 to 1854, and J.S. Morgan & Co. from 1864 to 1910)

--- Alex. Brown & Sons (est. 1800, acq. 1999)

    (known as BT Alex. Brown from 1997 to 1999 and Deutsche Bank Alex. Brown from 1999 to 2002)

--- Sherwood Securities (est. 1968, acq. 2000)

    (known as National Discount Brokers from 1997 to 2002)

Goldman Sachs

--- Goldman Sachs & Co. (est. 1869)

---Hull Trading Company (est. 1985, acq. 1999)

--- Spear,Leeds, & Kellogg (est. 1931, acq. 2000)

    (known as Spear, Leeds & Co. from 1931 to 1954)

     --- Troster Singer (est. 1948, acq. 1977)

JPMorgan Chase

--- J.P. Morgan & Co. (est. 1871, merged 2000)

    (known as Morgan Guaranty Trust from 1959 to 1988 and Drexel, Morgan & Co from 1871 to 1895)

--- Chase Manhattan Bank (est. 1955, merged 2000)

    --- Hambrecht & Quist (est. 1968, acq. 2000)

        (known as Chase H&Q from 1999 to 2000)

    --- Chase National Bank (est. 1877, merged 1955)

    --- The Manhattan Company (est. 1799, merged 1955)

--- Bear Stearns (est. 1923, acq. 2008)

Morgan Stanley

(known as Morgan Stanley Dean Witter from 1998 to 2001)

--- Morgan Stanley (est. 1935, merged 1997)

--- Dean Witter Reynolds (est.1978, merged 1997)

    (known as Dean Witter Discover from 1993 to 1997)

    --- Dean Witter & Company (est. 1924, merged 1978)

        --- Harris, Hall & Co. (est. 1935, acq. 1953)

    --- Reynolds & Co. (est. 1931, merged 1978)

            (known as Reynolds Securities from 1971 to 1978)

UBS AG

--- Warburg Dillon Read (est. 1997, acq. 1998)

    (also known as SBC- Warburg Dillon Read and UBS Warburg)

    --- Dillon, Read & Co. (est. 1832, merged 1997)

        (known also as Read &Co.and originally as Carpenter & Vermilye)

    --- S.G. Warburg & Co. (est. 1946, acq. 1995, merged 1997)

        (known as SBC Warburg from 1995 to 1997)

        --- Seligman Bros. (acq. 1957)

--- PaineWebber Incorporated (est. 1984, acq. 2000)

    --- Paine Webber Jackson & Curtis (est. 1942, merged 1984)

        --- Paine, Webber & Co. (est. 1881, merged 1942)

        --- Jackson & Curtis (est. 1879, merged 1942)

    --- Blyth Eastman, Paine Webber (est. 1979, merged 1984)

        --- Blyth, Eastman, Dillon & Co. (est. 1972, merged 1979)

            --- Blyth & Co. (est. 1914, merged 1972)

                (known as Blyth, Witter & Co. from 1914 to 1924)

            --- Eastman Dillon Union Securities & Co. (est. 1956, merged 1972)

                --- Union Securities Corporation (est. 1938, merged 1956)

                    (investment banking operations spun off from J. & W. Seligman & Co., est. 1846)

                --- Eastman Dillon & Co. (est. 1912, merged 1956)

    --- Abbot, Proctor & Paine (acq. 1970)

    --- Mitchum, Jones & Templeton (acq. 1973)

    --- Paine Webber Mitchell Hutchins (name change 1977, merged 1984)

        --- Mitchell, Hutchins & Co. (est. 1919, acq. 1977)

            --- D.B. Marron & Company (est. 1959, acq.1965)

    --- Kidder, Peabody & Co. (est.1865, acq.1994)

    --- J.C. Bradford & Co. (est. 1927, acq. 2000)

        --- Almstead Bros. (acq. 1979)

        --- Frost, Johnson, Reed and Smith (acq. 1980)

--- Schwab SoundView Capital Markets (acq. 2004)

    --- Mayer & Schweitzer (acq. 1991)

    --- SoundView Technology Group (est. 1977, acq. 2003)

--- McDonald & Co.retail operations (est. 1927, acq. 2007)

    --- Field, Richards & Co (acq. 1964)

    --- S.J. Wolfe & Co. (acq. 1990)

    --- Essex Capital Markets Inc. (acq. 1998)

    --- Trident Securities Inc.  (acq. 1999)

    --- The Wallach Company (acq. 2001)

NON BULGE BRACKET FIRMS 

Stifel

--- Stifel, Nicholas & Co. (est. 1923)

      --- Stifel Investment (est. 1917, name changed 1923)

            --- Altheimer & Rawlings (1890-1917)

--- Albert Theis & Sons (acq. 1960)

--- Altorfer, Podesta, Woolard & Co. (acq. 1981)

--- Bacon-Whipple & Co. (est. 1926, acq. 1982)

--- Scherek, Stein & Frane (acq. 1985)

--- Rowland, Simon & Co. (acq. 1988)

--- Hanifen Imhoff (est. 1960, merged 2000)

--- Legg Mason Capital Markets (est 1970, acq. 2005)

     --- Legg & Co. (est. 1899, merged 1970)

     --- Mason & Co. (est. 1962, merged 1970)

--- Ryan Beck & Co. (est. 1946, acq. 2007)

     --- John J. Ryan & Co. (est. 1946)

     --- Gruntal & Co. (est. 1931- acq. 2002)

           --- Gruntal, Lilienthal & Co. (est. 1918, name changed 1931)

                --- Sternberger & Sinn (1900-1918)

                     --- Sternberger, Fuld & Sinn (1884-1900)

                          --- Sternberger & Fuld (1880-1884)

          --- Speyer, Alexander & Co. (acq. 1933)

          --- Steiner, Rouse & Co. (acq. 1974)

          --- E.W. Smith & Co. (acq. 1982)

          --- Herzfeld & Stern (acq. 1985)

--- Thomas Weisel Partners (est. 1999, acq. 2010)

--- Stone & Youngberg (est. 1931, acq. 2011)

--- Miller Buckfire & Co. (est, 2002, acq. 2012)

--- Keef, Bruyette & Woods (est. 1962, acq. 2013)

**Shearson Lehman Brothers (est. 1988, split up 1994) 

    (known as Shearson Lehman Hutton from 1988 to1990)

    --- E.F. Hutton (est. 1904, merged 1988)

    --- Shearson Lehman/American Express (est. 1984-merged 1988)

        --- Lehman Brothers, Kuhn, Loeb (est. 1977, merged 1984)

             --- Lehman Brothers (est. 1850, merged 1977)

             --- Kuhn, Loeb & Co (est. 1867, merged 1977)

             --- Abraham & Co. (est. 1938, acq. 1975)

        --- Shearson/American Express (est. 1981, merged 1984)

            --- Shearson Loeb Rhoades (est. 1979, acq.1981)

                 --- Shearson Hayden Stone (est. 1974, merged 1979)

                     --- Hayden Stone, Inc (est. 1970, merged 1974)                

                         (known as CBWL-Hayden, Stone from 1970 to 1972)

                          --- Cogan, Berlind, Weill & Levitt (1960-1970)

                               (known as Carter, Berlind & Weill from 1962-1969 and Carter, Berlind, Potoma & Weill from 1960-1962)

                          --- Hayden, Stone & Co. (est. 1892, merged 1970)

                     --- Shearson, Hammill & Co. (est. 1902, merged 1974)

                     --- H.L. Hentz

                     --- Saul Lerner & Company

                     --- Faulkner, Dawkins & Sullivan (acq. 1976)

                --- Loeb, Rhoades, Hornblower & Co. (est. 1977, merged 1979)

                     --- Loeb, Rhoades & Co. (est. 1937, merged 1977)

                         --- Carl M. Loeb & Co. (est. 1931, merged 1937)

                         --- Rhoades & Company (merged 1937)

                     --- Hornblower, Weeks, Noyes & Trask (est. 1968, merged 1977)

                         --- Hornblower & Weeks, Hemphill, Noyes (est.1963, merged 1968)

                             --- Hornblower & Weeks (est. 1888, merged 1963)

                                 --- Paul H. Davis & Co. (est. 1920, acq. 1953)

                                 --- Reed & Company (acq.1955)

                             --- Hemphill, Noyes & Co (est. 1919, merged 1963)

                         --- Spencer Trask & Co. (est. 1968)

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