For more than a century, Piper Jaffray has been evolving as a leading financial services company. We pride ourselves on listening carefully to our clients, daring to innovate, and adapting to marketplace trends.
2013
Piper Jaffray agrees to acquire Seattle-Northwest Securities Corporation, significantly expanding its municipal business.
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2010
Piper Jaffray acquires Advisory Research, Inc., an asset management firm mainly focused in equity strategies, as a stable complement to its more cyclical global capital markets business.
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2007
Piper Jaffray completes acquisition of Hong Kong-based investment bank, Goldbond Capital Holdings Limited.
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2007
Piper Jaffray completes acquisition of FAMCO to expand asset management capabilities.
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2006
Piper Jaffray completes the sale of its Private Client Services branch network to UBS Financial Services, allowing Piper Jaffray to focus entirely on building a leading investment bank.
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2004
Piper Jaffray acquires Vie Securities, LLC, a leading provider of algorithm-based, electronic execution services. The firm now offers new proprietary algorithm-based trading capability as part of its broader, client-focused equity trading platform.
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2003
Piper Jaffray becomes an independent, publicly held company following its spin-off from U.S. Bancorp. Stock begins trading again on the NYSE under the symbol PJC.
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2001
Milwaukee-based Firstar Inc. acquires U.S. Bancorp, giving way to the eighth largest financial services organization with $170 billion in assets. The new entity retains the U.S. Bancorp name.
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2000
Andrew Duff assumes the role of CEO; Tad Piper remains chairman.
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2000
The company moves its headquarters to 800 Nicollet Mall in Minneapolis. The firm now has more than 125 retail offices in 18 Midwest, Mountain and Western states.
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1999
The company changes its name to U.S. Bancorp Piper Jaffray to reflect its partnership.
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1998
Piper Jaffray is acquired by U.S. Bancorp in a cash transaction valued at $730 million.
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1996
Andrew Duff assumes the role of president.
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1993
The Piper Jaffray Companies Foundation is established and allocates $3.4 million to charitable organizations in its first year.
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1992
The name of the broker-dealer changes from Piper Jaffray & Hopwood Incorporated to Piper Jaffray Inc.
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1986
Common stock of Piper Jaffray begins trading on NASDAQ under the symbol PIPR.
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1985
The company moves to a building bearing its own name and striking an impressive silhouette on the Minneapolis landscape: the Piper Jaffray Tower.
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1983
Addison L. Piper succeeds Harry C. Piper Jr. as chief executive officer. Forbes lists Piper Jaffray Incorporated, the holding company for Piper Jaffray & Hopwood, as one of the best “small companies” in the U.S.
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1971
The firm becomes the first regional brokerage firm to offer its own stock for public sales. Investors buy 300,000 shares of common stock.
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1967
Harry Piper Jr. becomes chairman of the directing partners of Piper Jaffray & Hopwood. Two years later he becomes chairman of the board and CEO.
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1964
By the mid-60s, the company has not only acquired another entity, Jamieson & Company, it has added eight offices.
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1944
Nearly 50 years since its inception in Minneapolis, Piper Jaffray & Hopwood begins its expansion westward, opening an office in Great Falls, Mont.
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1929
The stock market crash hits Hopwood & Company hard, while Lane, Piper & Jaffray, which hasn’t yet traded listed securities, is not directly affected. Piper Jaffray & Hopwood is formed and the new firm gains a seat on the New York Stock Exchange.
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1917
George B. Lane & Co. merges with Piper, Jaffray & Co. to form Lane, Piper & Jaffray, brokers of commercial paper securities.
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1914
F.P. Hopwood and his son, Robert Gaddis Hopwood, introduce Hopwood Investment Co., which specializes in mortgage loans, real estate and insurance.
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1913
H.C. Piper Sr. and C.P. Jaffray establish their own commercial paper business called Piper, Jaffray & Co.
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1895
George Lane establishes George B. Lane, Commercial Paper and Collateral Loans & Co., a commercial paper brokerage, in Minneapolis. Lane offered promissory notes to businesses, focusing on Minnesota’s growing grain elevator and milling industries.
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