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LYNCH, JONES & RYAN SIGNS AGREEMENT WITH R.L. RENCK & CO.; FORMER ALL-AMERICA ANALYST BOB RENCK TO PROVIDE EQUITY RESEARCH TO TRADERS

 LYNCH, JONES & RYAN SIGNS AGREEMENT WITH R.L. RENCK & CO.; FORMER
 ALL-AMERICA ANALYST BOB RENCK TO PROVIDE EQUITY RESEARCH TO TRADERS
 NEW YORK, May 6 /PRNewswire/ -- The agency brokerage firm Lynch, Jones & Ryan, Inc. ("LJR"), today announced that it has signed an agreement with R.L. Renck & Co., Inc. ("Renck"). Renck will provide equity research to LJR's trading desk. This is the first time LJR's trading desk has provided clients with investment ideas and strategies. The move advances LJR's plan for becoming a full-service institutional agency brokerage firm.
 R.L. Renck & Co., Inc., founded in 1983, specializes in analyzing the fair market value of industrial companies on the basis of surplus cash flow and intensive financial statement analysis.
 "The quality of Renck research combined with LJR's skill in agency trading will be a powerful advantage for our clients," said Richard L. Scheiner, LJR's director of research. "Our affiliation with R.L. Renck & Co., Inc., is part of our commitment to providing the best independent research available. Many of the most-respected securities analysts on Wall Street prefer to hang out their own shingle, rather than work at traditional brokerage houses. We are working to identify these independent thinkers and make their work available to clients."
 Robert L. Renck Jr., founder of R.L. Renck & Co., Inc., is a 23-year veteran of Wall Street. He began his career at Bache & Co., Inc. During his tenure at Laird, Inc., C.J. Lawrence Inc. and Oppenheimer & Co., Inc., he was frequently voted onto the Institutional Investor All American Research Team. Since 1979 he has focused on cash flow, corporate restructuring and private market valuation. He is a sought- after commentator on company valuation issues and is a member of the Financial Accounting Policy Committee of the Association for Investment Management and Research (AIMR).
 Lynch, Jones & Ryan, founded in 1966, is a securities brokerage firm well-known for its agency trading capabilities and transacts equity and fixed-income trades for more than 1,000 institutional money management clients around the world. The firm is a pioneer in providing independent research services to institutional investors and currently offers more than 500 research services to its clients. In addition, the firm's Plan Sponsor Services Division is the largest provider of commission recapture programs, with over 400 corporate, public and Taft-Hartley Fund Clients.
 -0- 5/6/92
 /CONTACT: David H. Kogut of GCI Corporate & Financial, 212-546-2687, for LJR/ CO: Lynch, Jones & Ryan, Inc.; R.L. Renck & Co., Inc. ST: New York IN: FIN SU:


TQ-GK -- NY064 -- 7165 05/06/92 14:20 EDT
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Publication:PR Newswire
Date:May 6, 1992
Words:423
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