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Company
History
Excellence
is a tall standard and nine decades is a long time. The
benefit of this much experience applying the standard of
excellence is that it offers our clients something special
and unique in this industry; the luxury of reassurance.
While many firms, big or small, can predict what they would
do, Howe Barnes can proudly point to what we did do. As
a private, employee owned, brokerage firm, generations of
professionals have kept our promise to generations of individuals
as well as institutional clients. Keeping our promise has
meant staying focused on our core philosophy. Provide quality,
independent service. Offer value. Perform with integrity.
Maintain the standard of excellence. Our unwavering commitment
to research continues to elevate us above parity in the
Investment Banking Industry.
Albert
Farwell, Ralph Chapman, James Howe and a number of other
associates joined forces after the 1929 market crash to
continue serving the clients of the Spencer Trask firm,
established in 1915 at 208 S. LaSalle, in Chicago. Forming
the new partnership of Farwell Chapman and Co., the partners
maintained key relationships built with many prominent Chicago
families, such as the McCormick’s, Blair’s, Palmer’s
and Potter’s. Among the institutional clients of the
firm were Chicago Bridge & Iron and DeLew Cather, builders
of the Chicago Skyway.
As
time progressed, many brokerage houses were either merging
or moving. This firm, with Ralph Chapman and James Howe
as managing partners, remained committed to the ideals of
remaining an employee owned, private brokerage firm. In
March 1963, partner Vincent Coleman introduced an innovative
and successful investment banker named R. Marshall Barnes
to the firm. Shortly after the arrival of Marshall Barnes,
Ralph Chapman retired, selling his interest to the newly
named Howe Barnes and Co. By 1965, Marshall Barnes was Chairman
of the firm. Shortly thereafter, Wallace D. Johnson, joined
the firm. Howe Barnes and Johnson became incorporated on
February 29, 1968.
Marshall
Barnes provided a vital link between the founders of the
firm and the current leadership at Howe Barnes. His belief
that Monday was the dawn of “another five days of opportunity”
is still woven into the fabric of the core philosophy of
the firm. Marshall Barnes
stepped down as Chairman and CEO in 1978 and Alex Rudolph
was elected Chairman of the Board. George Shelton joined
Howe Barnes as CFO in 1968, and was personally mentored
by Marshall Barnes. George was then elected COO in 1979
and became President and CEO in 1985. In 1994, he created
the Net Investor, the first opportunity for investors to
access automated securities trading on the Internet. While
presiding over Howe Barnes from 1985 to 1993, George Shelton
continued the track record of sound capital management,
and recruiting key people as managers and revenue producers.
Like Marshall Barnes, George Shelton took a keen interest
in grooming younger associates for senior management positions.
In 1993, one such young associate joined Howe Barnes as
a bank equity analyst. Fresh from seven years of experience
at the Federal Reserve Bank of Chicago, Daniel E. Coughlin
soon was promoted to Director of Bank Equity Research supervising
research in more than 75 banks and thrifts. He was later
appointed Director of Corporate Finance and Manager of the
Banking department, becoming responsible for providing investment
banking services to community banks and thrifts.
George
Shelton found his successor. Daniel Coughlin became President
and CEO of Howe Barnes Hoefer & Arnett, Inc. in 2001. Shelton
recognized the next frontier was one of rapid movement that
required leadership with the same unrelenting commitment
to client’s needs, quality research and unyielding
integrity. Daniel Coughlin had established himself as a
progressive, decisive and growth-oriented leader.
Consistent
with these beliefs, in the summer of 2006, Howe Barnes
Investments, Inc. combined with Hoefer & Arnett, Incorporated,
thus creating Howe Barnes Hoefer & Arnett, Inc. Since
1982 Hoefer & Arnett has had a strong west coast full
service brokerage and investment bank presence with a primary
focus on the banking industry. This strength complements
Howe Barnes' Midwest roots and Southeast presence, expanding
our research and capital market capabilities and enhancing
our ability to serve both our institutional and our individual
clients. Howe Barnes Hoefer & Arnett believes success
starts with a winning environment. With strong, growth-oriented
leaders, quality financial advisors and the latest tools,
support and technology Howe Barnes Hoefer & Arnett strives
to deliver the highest quality service to each and every
customer.
Clients require and deserve the best advice and research
available. It's always about client service, research, value
and the highest level of integrity at Howe Barnes Hoefer
& Arnett.
Howe Barnes Hoefer & Arnett, Inc. ©2006 All Rights Reserved.
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