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'''Porter, White & Company''' is an investment banking firm founded in [[1975]] by [[James H. White, III]]. [[Charles K. Porter]] joined the firm in [[1984]]. The company provides investment management services as '''PW Advisers, Inc.''' and also operates a real estate brokerage. Its offices are located in the [[Steiner Bank Building]] at 15 [[Richard Arrington, Jr Boulevard North]] at [[1st Avenue North]].
'''Porter, White & Company''' is an investment bank and advisory firm operating in Birmingham, Alabama since 1975.


The company was hired as financial advisors to the City of [[Birmingham]] by then-mayor [[Richard Arrington]] in [[1977]]. Arrington credits the company with a number of successes during his administration as the city transitioned from an economy based on steel manufacture to a more diverse foundation inclunding banking and medical research.
On January 28, 1975, Jim White founded “White & Company” to focus on municipal and middle market corporate finance. Two years later, White & Company was hired by the City of Birmingham as financial advisor, and served in this capacity for the next 22 years.


In [[2008]] the company labored for five months on behalf of [[Jefferson County]] to negotiate with bondholders to resolve the county's $3.2 billion [[Jefferson County debt crisis|sewer debt crisis]]. They created a plan which combined regular sewer rate increases with the diversion of $37 million per year from education tax revenues and the general fund in order to prevent bankruptcy. The [[Jefferson County Commission]] rejected the proposal and terminated the company's contract.
On May 31, 1984, Porter, White & Yardley, Inc. was formed to continue the business of White & Company, with the addition of municipal bond underwriting and trading, small cap stock trading, and retail brokerage. At the same time,  Kip Porter joined the firm to focus on middle market corporate finance.
 
Almost ten years after forming Porter, White & Yardley, the company’s trading desks and retail brokerage unit were sold to Morgan Keegan. Porter, White & Yardley was renamed “Porter White & Company.”
 
On March 31, 1995, Porter White & Company’s registered investment advisor (RIA) unit was started.
 
In early 2002, Goodloe White joined the firm to focus on corporate finance and investment management. Goodloe now serves as president and chief executive officer of Porter White & Company.
As of September 2013, Porter White & Company exceeded $250 million in assets under management.


==References==
* Hubbard, Russell (July 4, 2008) "Jeffco sewer crisis adviser Porter, White & Co. released after plans not embraced." ''Birmingham News''


==External links==
==External links==

Revision as of 10:33, 27 June 2016

Porter, White & Company is an investment bank and advisory firm operating in Birmingham, Alabama since 1975.

On January 28, 1975, Jim White founded “White & Company” to focus on municipal and middle market corporate finance. Two years later, White & Company was hired by the City of Birmingham as financial advisor, and served in this capacity for the next 22 years.

On May 31, 1984, Porter, White & Yardley, Inc. was formed to continue the business of White & Company, with the addition of municipal bond underwriting and trading, small cap stock trading, and retail brokerage. At the same time, Kip Porter joined the firm to focus on middle market corporate finance.

Almost ten years after forming Porter, White & Yardley, the company’s trading desks and retail brokerage unit were sold to Morgan Keegan. Porter, White & Yardley was renamed “Porter White & Company.”

On March 31, 1995, Porter White & Company’s registered investment advisor (RIA) unit was started.

In early 2002, Goodloe White joined the firm to focus on corporate finance and investment management. Goodloe now serves as president and chief executive officer of Porter White & Company. As of September 2013, Porter White & Company exceeded $250 million in assets under management.


External links

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