Sterne Agee

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Sterne Agee is family of five securities firms held under the name 'Sterne Agee Group and headquartered at 800 Shades Creek Parkway in Homewood with offices in 22 states. The primary firm is Sterne, Agee & Leach, a full-service securities brokerage with an associated trust company. Sterne Agee Asset Management provides discretionary asset management while two other associated broker-dealers, Sterne Agee Financial Services and Sterne Agee Clearing serve customers in the financial services and overseas markets, respectively.

History

Sterne Agee traces its history to George Ward's founding of a securities firm in Birmingham in 1901. In 1916 Ward merged his company with the Sterne Securities Company founded by Mervyn Sterne two years prior, forming Ward, Sterne & Company. Rucker Agee joined the firm as a partner in 1919. A Montgomery office was opened in 1921 by Edmund Leach. After Ward died in 1945 the name of the company became Sterne, Agee & Leach.

In 1974 Sterne, Agee & Leach acquired Shropshire, Frazer & Company of Mobile. It merged with First Birmingham Securities in 1990. Other acquisitions include F&G Investment Services (1993), Hill, Crawford & Lanford of Little Rock, Arkansas (1995), John R. Taylor Financial Group of Fort Smith, Arkansas (2000), McAllaster & Associates of The Landings, Georgia (2001), and CG Melton Financial Services (2002)

External links

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