Frith Brothers Investments Is Now Philadelphia Brokerage Corp.Business Editors WAYNE, Pa.--(BUSINESS WIRE)--March 5, 2001 Frith frith n. Scots A firth. [Alteration of firth.] Frith woods or wooded country collectively. See also forest. Brothers Investments, an independent brokerage established in 1989, is now Philadelphia Brokerage Corporation. The firm ceased operating under the old name at midnight March 4, and enters a new phase of growth as Philadelphia Brokerage. "Today we begin a new chapter in our company's history, with our new corporate identity, as well as expanded service offerings for our clients and the addition of veteran financial services professionals to our senior management team," said Sean McDermott, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Philadelphia Brokerage. "Philadelphia Brokerage is now able to offer the serious investor all the tools that are necessary for them to achieve financial success." "Philadelphia Brokerage will continue to deliver quick responses and innovative ideas designed to achieve a clients' investment goals, coupled with personalized attention from our experienced management team," said Bob Fisk Fisk , James 1834-1872. American railroad financier and speculator who attempted in 1869 to corner the gold market with Jay Gould, leading to Black Friday, a day of nationwide financial panic. , Senior Partner, of Philadelphia Brokerage. "While our name has changed, the company intends to continue providing our clients with the best possible service and executions while implementing today's latest technology." Kevin Hamilton, along with colleagues Fisk and McDermott, purchased the firm from the Frith family in December 2000. Fisk and Hamilton have been with the company since 1997, while McDermott came on board in August of 2000. Rounding out the senior management of the firm is James Dunn, as President, who was previously Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of the company, and Brinton Frith, who will continue as Director of Trading and Compliance. Standard regulatory approvals for the changes have been completed. Philadelphia Brokerage offers a variety of quality investment banking and brokerage services including asset management, brokerage services, institutional services and private funds to both individual and corporate clients. The company is a Registered Broker/Dealer, Registered Investment Advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in , and a certified member of both 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. and the Securities Investor Protection Corporation Securities Investor Protection Corporation (SIPC) A nonprofit corporation that insures customers' securities and cash held by member brokerage firms against the failure of those firms. . The company is headquartered in Wayne, PA. |
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