Cassatt & Company

Cassatt & Company
Company typeAcquired
IndustryFinancial services
PredecessorLloyd, Cassatt & Company
Founded1872
FounderRobert K. Cassatt
Defunct1940
FateAcquired in 1940 by E.A. Pierce Merrill Lynch
SuccessorMerrill Lynch, E. A. Pierce and Cassatt
Merrill Lynch, Pierce, Fenner & Beane (later Smith)
HeadquartersPhiladelphia, Pennsylvania, United States
ProductsBrokerage, investment banking

Cassatt & Company was a Philadelphia-based investment banking and brokerage firm founded in 1872. The firm was acquired by Merrill Lynch in 1940, shortly after Merrill's merger with E.A. Pierce & Co. that created Merrill Lynch, E.A. Pierce & Cassatt.

The Cassatt name was dropped in 1940 when the newly combined firm acquired New Orleans–based Fenner & Beane.

History

Founding and early history

The firm, which was originally known as Lloyd, Cassatt & Company was founded by Robert S. Cassatt, father of railroad executive Alexander Cassatt.[1]

By 1919, the firm had offices in Philadelphia, New York, Pittsburgh and Baltimore.[2]

Acquisition by Merrill Lynch and E.A. Pierce

Main articles: Merrill Lynch and E.A. Pierce & Co.

In 1931, the firm split its investment banking business from its traditional brokerage business.[3]

In 1934, Cassatt began discussions with E.A. Pierce & Co., the largest brokerage firm in the U.S. at the time about a potential merger.[4] In 1935, these discussions resulted in a partnership between the two firms. As part of the deal, Cassatt transferred its brokerage business to E.A. Pierce and focused exclusively on investment banking and merchant banking.[5]

In the late 1930s, E.A. Pierce began discussions with Merrill Lynch about a potential merger. E.A. Pierce was struggling financially in the 1930s and was thinly capitalized.[6] Following the death of Edmund C. Lynch in 1938, Winthrop Smith began discussions with Charles E. Merrill, who owned a minority interest in E.A. Pierce about a possible merger of the two firms. On April 1, 1940, Merrill Lynch, E.A. Pierce & Cassatt was formed when the two firms merged and also acquired Cassatt & Co.[6]

References

  1. ^ "Alexander J. Cassatt". The New York Times. June 18, 1899.
  2. ^ "Cassatt & Co. to Open Branch". The New York Times. July 1919.
  3. ^ "Cassatt & Co. Form Underwriting Unit; Stock Exchange Firm Divides Investing Business From Brokerage Activities". The New York Times. August 1931.
  4. ^ "Merger of Cassatt & Co. And Pierce & Co. on Way". The New York Times. December 1934.
  5. ^ "Business & Finance: Personnel". Time. January 14, 1935
  6. ^ a b Co-Leaders: The Power of Great Partnerships. John Wiley and Sons, 1999.

Read other articles:

McLaren 12C

McLaren 12CInformasiProdusenMcLaren AutomotiveMasa produksi2011–2014PerakitanWoking, Surrey, InggrisPerancangFrank StephensonBodi & rangkaKelasSports car (S)Bentuk kerangka2-pintu coupé2-pintu retractable hard-top convertibleTata letakLongitudinal, Rear mid-engine, rear-wheel-drivePintuDihedralMobil terkaitMcLaren 650SMcLaren P1Penyalur dayaMesin3.8 L M838T twin-turbocharged V8Transmisi7-percepatan kopling gandaDimensiJarak sumbu roda2.670 mm (105,1 in)[1]Pa...

 

Charles Lee (fiscal general)

Charles Lee 3.º fiscal general de los Estados Unidos 10 de diciembre de 1795-4 de marzo de 1801Presidente George WashingtonJohn AdamsPredecesor William BradfordSucesor Levi Lincoln Información personalNacimiento 1758 Condado de Westmoreland (Estados Unidos) Fallecimiento 24 de junio de 1815 Condado de Fauquier (Estados Unidos) Nacionalidad EstadounidenseFamiliaPadres Henry Lee II Lucy Grymes Cónyuge Margaret ScottAnne Lee EducaciónEducado en Universidad de Princeton Información profesion...

 

Baseball in Mexiko

Baseball (span. Béisbol) in Mexiko ist eine sehr beliebte Sportart. Die Ursprünge des Sports gehen zurück auf das 19. Jahrhundert. In den 1870er Jahren fand der Sport seinen Weg von den USA, speziell auch aus Texas, nach Nord- und Zentralmexiko, während nach Yucatán der Weg hauptsächlich über Kuba während der 1890er Jahre führte. 1925 wurde die erste mexikanische Profiliga gegründet: die Liga Mexicana de Béisbol (LMB) mit sechs Teams (74 Regimiento, Club México, Agraria de México...

Fatah–Hamas Mecca Agreement

Fatah–Hamas Mecca AgreementSignedFebruary 8, 2007 (2007-02-08)LocationMecca, Saudi ArabiaSignatories Mahmoud Abbas Khaled Mashal Parties Fatah Hamas LanguageArabic The Fatah–Hamas Mecca Agreement was signed between Fatah and Hamas in the city of Mecca on 8 February 2007, agreeing to stop the internal military confrontations in the Gaza Strip and form a government of national unity. Representatives from the Fatah side included the President of the Palestinian Authority Mahmo...

 

Ешлі Вільямс (футболіст)

Ешлі Вільямс Ешлі Вільямс Особисті дані Народження 23 серпня 1984(1984-08-23) (39 років)   Вулвергемптон, Англія Зріст 183 см Вага 75 кг Громадянство  Уельс Позиція захисник Інформація про клуб Поточний клуб «Бристоль Сіті» Номер 29 Юнацькі клуби ?–2001 «Вест-Бромвіч Альбіон» Пр...

 

Guillermo Iván

Guillermo IvánIván interviewed by Dulce Osuna in 2019BornGuillermo Iván Dueñas Lazcano (1981-01-19) January 19, 1981 (age 42)Mexico City, MexicoAlma materUniversity of HavanaOccupationsActordirectorproducerwriterYears active1989–present Guillermo Iván Dueñas Lazcano (born 19 January 1981) is a Mexican actor, director, writer, and producer.[1] Born in Mexico City, Mexico. He is best known for his characters in Mexican and American films.[2] On television ...

Moby Presents: Alien Sex Party

2001 film by Paul Yates Moby Presents: Alien Sex PartyDirected byPaul YatesWritten byJonee Eisen Paul Yates (writing as Berlin Frankfurt Oberhausen)Produced byNext in Line Productions: Moby Paul YatesJonee EisenAlexander BerberichStarring Adam Sarner Joe Smith Tina Carlucci Dean Haspiel Christian Urich Dyanna Lauren CinematographyPaul YatesEdited byCaleb OglesbyMusic byThe Happiest Guys in the World, Moby, The ZambonisDistributed byIndependent theatrical distribution (14 cities U.S.) Eclectic...

 

Hit It Rich!

2013 mobile casino video game This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. Please help improve it by replacing them with more appropriate citations to reliable, independent, third-party sources. (October 2014) (Learn how and when to remove this template message) 2013 video gameZynga Hit It Rich!Developer(s)ZyngaPublisher(s)ZyngaPlatform(s)Facebook, iOS, AndroidReleaseJuly 13, 2013Gen...

 

Mayflower (tugboat)

Steam tug (tugboat) built in Bristol in 1861 For other ships named Mayflower, see Mayflower (ship). History United Kingdom NameMayflower Port of registryGloucester BuilderGK Stothert & Marten Cost£1,000 Launched18 May 1861 In service1861 Out of service1964 Refit1899, 1922 IdentificationUK official number 105412 StatusMuseum ship in Bristol Harbour General characteristics TypeSteam tug Tonnage32 GRT Length63.3 ft (19.3 m) Beam12.0 ft (3.7 m) Depth7.2 ft (2.2&...

IF Magazine

Australian film and television trade magazine This article is about the Australian screen-professionals magazine. For the American science-fiction magazine, see If (magazine). IF MagazineEditorJackie KeastCategoriesAustralian film and television trade magazineFrequencyBi-monthlyCirculation13,000PublisherMark KubanFounded1997CompanyThe Intermedia GroupCountryAustraliaBased inSydneyLanguageEnglishWebsiteif.com.au IF Magazine, also known as Inside Film, IF: Australia's Filmmaker Magazine, and IF...

 

Tariq Lamptey

Tariq Lamptey Lamptey bermain untuk Brighton & Hove Albion pada 2022Informasi pribadiNama lengkap Tariq Kwame Nii-Lante Lamptey[1]Tanggal lahir 30 September 2000 (umur 23)[2]Tempat lahir Hillingdon, InggrisTinggi 1,63 m (5 ft 4 in)[2]Posisi bermain Bek sayapInformasi klubKlub saat ini Brighton & Hove AlbionNomor 2Karier junior2006–2008 Larkspur Rovers2008–2019 ChelseaKarier senior*Tahun Tim Tampil (Gol)2019–2020 Chelsea 1 (0)2020– Br...

 

Prince-Bishopric of Constance

Principality of the Holy Roman Empire Prince-Bishopric of ConstanceHochstift Konstanz1155–1803 Coat of arms The Bishopric of Constance lying astride the western end of Lake ConstanceStatusPrince-BishopricCapitalKonstanzMeersburg (from 1527)Common languagesLow AlemannicGovernmentPrince-BishopricHistorical eraMiddle AgesEarly modern period• Missionary diocese established 585• Prince-Bishopric 1155• Council of Constance 1414–18• Joined Swabian Circle 1500•&...

İlkay Gündoğan

İlkay Gündoğan Gündoğan membela Jerman pada tahun 2018Informasi pribadiNama lengkap İlkay Gündoğan[1]Tanggal lahir 24 Oktober 1990 (umur 33)[2]Tempat lahir Gelsenkirchen, JermanTinggi 1,80 m[3]Posisi bermain GelandangInformasi klubKlub saat ini FC BarcelonaNomor 14Karier junior1993–1998 SV Gelsenkirchen-Hessler 061998–1999 Schalke 041999–2004 SV Gelsenkirchen-Hessler 062004–2005 SSV Buer2005–2008 VfL BochumKarier senior*Tahun Tim Tampil (Gol)2008...

 

Kapal perusak kelas Zumwalt

Kapal perusak kelas Zumwalt USS Zumwalt menjalani uji laik pada Desember 2015 Tentang kelas Pembangun:Bath Iron WorksOperator: United States NavyDidahului oleh:Kapal perusak kelas Arleigh BurkeDigantikan oleh:Arleigh Burke Flight IIIBiaya:*Biaya program $22,5 miliar (FY15)[1] $4,24M per unit (tak termasuk litbang) hingga 2016[2]Bertugas:15 Oktober 2016[3]Rencana:32Selesai:3Batal:29Aktif:2 Ciri-ciri umum Jenis Kapal perusak berpeluru kendaliBerat benaman 15.742 ton...

 

Albert Gallatin Memorial Bridge

BridgeAlbert Gallatin Memorial Bridge1930 bridge (left) the day after its closing, with its replacement on the right.Coordinates39°44′21″N 79°54′12″W / 39.73917°N 79.90333°W / 39.73917; -79.90333Carries PA 88CrossesMonongahela RiverNamed forAlbert GallatinMaintained byPennDOTCharacteristicsTotal length810 ft (250 m)Width28 ft (8.5 m)HistoryConstructed byPoint Marion Bridge CompanyMarion BridgeU.S. National Register of Historic Place...

Francesco Foggia

Italian composer Francesco Foggia, portrait by James Caldwall. Francesco Foggia (baptized 17 November 1603 – 8 January 1688) was an Italian Baroque composer. Biography Foggia was a boy soprano at the Collegium Germanicum of the Jesuits in Rome, and was a student of Antonio Cifra, and Paolo Agostini. Perhaps his family was in contact with Giovanni Bernardino Nanino, maestro di capella at San Luigi dei Francesi. Later, he was probably employed at the court of the Bavarian Elector Maximilian I...

 

Chicken tikka masala

Dish consisting of boneless chicken pieces in curry sauce Not to be confused with chicken tikka or chicken marsala. Chicken tikka masalaChicken tikka masalaCourseMain coursePlace of originIndian subcontinentUnited KingdomServing temperatureHotMain ingredientsChicken, yogurt, cream, tomato, onion, garlic, ginger, chili pepperVariationsLamb, fish or paneer tikka masala Cookbook: Chicken tikka masala  Media: Chicken tikka masala Chicken tikka masala is a dish consisting of roasted marin...

 

Amalapuram

Place in Andhra Pradesh, IndiaAmalapuramDistrict HeadquarterMunicipal TownPoornakumbham sculpture in AmalapauramAmalapuramLocation in Andhra Pradesh, IndiaShow map of Andhra PradeshAmalapuramAmalapuram (India)Show map of IndiaCoordinates: 16°34′43″N 82°00′22″E / 16.5787°N 82.0061°E / 16.5787; 82.0061CountryIndiaStateAndhra PradeshDistrictKonaseema districtGovernment • TypeMunicipality • BodyAmalapuram Municipal Council • ...

Новое Донское кладбище

У этого термина существуют и другие значения, см. Донское кладбище. Новое Донское кладбище Страна Россия Регион Москва Координаты 55°42′44″ с. ш. 37°36′08″ в. д.HGЯO Дата основания 1910 Действующий статус действующее Официальный сайт Официальный сайт Донского кладбищ...

 

Исагирре, Горка

В Википедии есть статьи о других людях с такой фамилией, см. Исагирре. Горка Исагирреисп. Gorka Izagirre Личная информация Полное имя Горка Изагирре Инчаусти Имя при рождении исп. Gorka Izagirre Insausti Гражданство  Испания Дата рождения 7 октября 1987(1987-10-07) (36 лет) Место рождения Ор...

 

Strategi Solo vs Squad di Free Fire: Cara Menang Mudah!