D.A. Davidson & Company Open Retail Branch in Portland, Ore.GREAT FALLS Great Falls, city (1990 pop. 55,097), seat of Cascade co., N central Mont., second largest city in the state, at the confluence of the Missouri and Sun rivers and near the falls that give the city its name; inc. 1888. , Mont.--(BUSINESS WIRE)--Aug. 27, 1998--D.A. Davidson & Co., a full-service brokerage firm full-service brokerage firm A brokerage firm that provides a wide range of services and products to its customers, including research and advice. Compare discount brokerage firm. , has opened a retail branch in downtown Portland Downtown Portland is located on the west bank of the Willamette River in Portland, Oregon. It is in the northeastern corner of the southwest section of the city and is where most of its high-rise buildings are found. , Ore. The office, currently staffed by five Financial Consultants and three support people, is located in the Wells Fargo Building This structure is not to be confused with the Wells Fargo Center (Portland, Oregon), the current tallest building in Portland. The Wells Fargo Building is a historic office building in downtown Portland, Oregon. at 1300 S.W. 5th Ave., Suite 2750. The office is scheduled to move to Suite 1950 in the same building in early October. The Portland branch is the 30th retail office for D.A. Davidson & Co., a 63-year-old firm headquartered in Great Falls, Mt. The company has branch operations in Montana, Wyoming, Idaho, Washington, Utah Washington is a city in Washington County, Utah, United States. The population was 8,186 at the 2000 census. Geography Washington is located at (37.119580, -113.503348)GR1. and Oregon. D.A. Davidson & Co. is also a major player on the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden trading floors of the Pacific Exchange, where it operates 11 specialist posts and its customers include a number of the nation's largest brokerage firms. While the branch in the Wells Fargo building marks the beginning of service to individual investors, D.A. Davidson & Co. is not a newcomer to the securities business in the Portland area. The company acquired Jensen Securities, located in Lake Oswego Lake Os·we·go A city of northwest Oregon, a residential suburb of Portland. Population: 35,800. , in late 1997. That firm, now operating under the D.A. Davidson & Co. banner, has a strong reputation for sales, trading, research and investment banking for large mutual funds and other institutional investors. The research staff there follows more than 100 companies, about 75 of which are based in the Pacific Northwest. "The Portland retail expansion complements our successful research and institutional sales operation in Lake Oswego and is a major step in accomplishing our strategic goal of becoming the premier investment firm operating in the northern Rockies and Pacific Northwest," said Ian B. Davidson, the chairman of D.A. Davidson & Co., and DADCO, the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company that owns the brokerage firm. "We expect the Portland office to become a major retail office for the firm." Davidson said the staff in the Portland branch should offer a solid foundation for the firm's expected growth in the region. "We have great pride in our corporate culture and we expect the new people associated with us in the Portland market will be a wonderful fit," Davidson said. Russell W. Tennant has been named Vice President and will be Branch Manager at the Portland office. A Portland native, Tennant most recently worked as an investment executive at Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Inc. He also worked as a municipal bond broker for SeaFirst Securities and in the computer industry. Tennant holds a master's degree in business administration from the University of Portland The University of Portland (UP) is a private Catholic university located in Portland, Oregon. It is specifically affiliated with the Congregation of Holy Cross and is the sister school of the University of Notre Dame. Founded in 1901, UP has a student body of about 3,200 students. and a bachelor's degree in business administration from Oregon State University Oregon State University, at Corvallis; land-grant and state supported; coeducational; chartered 1858 as Corvallis College, opened 1865. In 1868 it was designated Oregon's land-grant agricultural college and was taken over completely by the state in 1885. . The decision to join a stable, growing investment firm was not difficult for Tennant and others in the new Portland branch. "One of the major reasons we made the move is that D.A. Davidson is an old-line, established firm with continuity of management," Tennant said. "We felt D.A. Davidson was unencumbered with the distractions of a large corporate structure, which allows us to focus on the needs of investors." Tennant said D.A. Davidson & Co. has the ability to offer top-notch research to Financial Consultants and clients, setting it apart from other brokerage firms in the region. Along with an "impeccable balance sheet," the firm's ownership structure is appealing. "It's a privately owned firm with opportunities for employees to participate in ownership," Tennant said. Joining Tennant in the Portland office as Senior Vice Presidents, Financial Consultants are Dennis E. Lowenthal and Betsy Russell. Both previously worked for Piper Jaffray. Lowenthal, a Portland native, attended Portland State University. Prior to joining Piper Jaffray, he worked for several other securities firms, including Paine Webber Inc., E.F. Hutton and Kidder Peabody. Russell, also a Portland native, holds a master's degree in music from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and a bachelor's degree in music from Lewis and Clark College in Portland. Russell has 12 years experience in the investment business and worked for Boettcher & Co. prior to joining Piper Jaffray. Richard M. Thomas has joined D.A. Davidson & Co. as a Vice President, Financial Consultant. He has 12 years experience in the securities industry with Piper Jaffray and Paine Webber. A Chicago native, Thomas holds a bachelor's degree in marketing and retailing from Bradley University. Wade A. Peterson, a Financial Consultant, has 15 years experience with Piper Jaffray before joining D.A. Davidson & Co. Prior to entering the securities business, he owned a small construction company. Peterson holds a bachelor's degree in economics from Willamette University. Jean M. Benton, Operations Manager, worked in the D.A. Davidson & Co. Lake Oswego operation before joining the new branch office. A New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of native, she attended Portland State University. She previously worked at Pacific Crest Securities and Montgomery Securities. Benton is also the current president of the Security Traders Association of Portland. Cari L. Luster has joined the Portland office as a Registered Associate. She previously worked at Piper Jaffray. A native of Eugene, Ore., she studied biology at Portland State University and holds Series 7 registration with the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. . Shirley Heffel, has joined the Portland office as a Sales Associate. A native of Avon, Idaho, she is a graduate of Deary High School. Founded in 1935, D.A. Davidson & Co., is a full-service investment firm with more than 100,000 active accounts and client assets in excess of $8.6 billion. The company has 530 employees in seven states. D.A. Davidson is owned by DADCO, a financial services holding company, which also owns DAVIDSON TRUST CO., which operates in Montana, Idaho, and Washington; Financial Aims Corporation, a money management firm based in Great Falls; and DADCO TRAVEL, a travel agency with offices in Great Falls and Missoula, Mt.
CONTACT: D.A. Davidson & Co.
Darlene Miller, 406/791-7205
James E. "Butch" Larcombe, 406/791-7202
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