Our Firm
Building the most trusted global investment bank
Corporate Snapshot
Founded: 1895
Headquarters: Minneapolis, Minn.
Q2 2010 Net Revenue: $127.7 million
Employees: Approx. 1,100
Total Stockholders' Equity: $817.0 million
Stock Symbol: PJC
As of quarter-end, Q2 2010.
Net revenues provided are
from continuing operations.
Piper Jaffray is a leading global investment firm serving the needs of corporations, private equity groups, public entities, nonprofit clients and institutional investors. Founded in 1895, the firm is headquartered in Minneapolis with offices across the U.S. and in Hong Kong and London.
We operate through three principal business lines—investment banking, institutional securities and asset management—offering a full suite of products to serve our clients' business lifecycle needs, geographic reach in an increasingly global market, and deep expertise in our core middle market sectors:
- Aircraft Finance
- Business Services
- Clean Technology and Renewables
- Consumer
- Cultural and Social Service Nonprofits
- Education
- Financial Institutions
- Health Care
- Hospitality
- Industrial Growth
- Real Estate, Housing and Senior Living
- State and Local Government
- Technology, Media and Telecommunications
Investment banking
Piper Jaffray corporate investment bankers offer clients advisory and financial services including equity, debt and convertible underwriting; mergers and acquisitions; financial restructuring and private placements. We also offer our corporate clients specialized capability in private investment in public equity (PIPEs) and registered directs (RDs).
Our public finance investment bankers issue taxable and tax-exempt debt for a wide variety of government and non-profit clients. We also assist borrowers and lenders in accessing capital by sourcing loans for clients.
Institutional brokerage
Piper Jaffray institutional equity sales and trading facilitates public offerings in our core middle market sectors and provides dedicated aftermarket support. In addition to being the No. 1 or No. 2 trader for 100 percent of our 2009 IPO clients,1 we are a market maker and/or transact in more than 1,900 NASDAQ and NYSE-listed securities. We offer traditional, algorithmic and program trading, as well as commission services agreements for those clients who use third-party services. Our corporate and venture services team provides private equity and venture capital firms as well as individuals with equity trading and corporate cash management advice, assisting clients in identifying portfolio objectives, understanding their liquidity needs and developing investment policies.
Our award-winning research analysts2 support our trading clients by providing in-depth industry research on 669 small-, mid- and large-cap companies covered by 45 analysts.
Piper Jaffray corporate and venture services provide private equity and venture capital firms as well as individuals with equity trading and corporate cash management advice, assisting clients in identifying portfolio objectives, understanding their liquidity needs and developing investment policies.
Our fixed income sales and trading professionals provide a variety of taxable and tax-exempt products, including municipal bonds and taxable debt.
Asset management
In 2010, Piper Jaffray significantly expanded its asset management business with the acquisition of Advisory Research, Inc. (ARI) an asset management firm with approximately $5.5 billion in assets under management, which are mainly focused in equity strategies.
In addition to ARI, Fiduciary Asset Management (FAMCO), a Piper Jaffray subsidiary, serves our clients through separately managed accounts and closed-end funds. FAMCO offers five core product strategies: flex core equities, quantitative enhanced equities, master limited partnerships, fixed income, and balanced.
Our alternative investment management capabilities include Piper Jaffray Private Capital, which regularly offers funds of funds in venture capital, leveraged buyout and clean technology (alternative energy, water and advanced material) investments.
Commitment to the communities where we do business is a cornerstone of Piper Jaffray
Since our inception, we’ve kept our company solidly rooted in our time-tested core values of leadership and partnership. We are committed to contributing 5 percent of our pretax earnings to the community through the Piper Jaffray foundation as well as corporate giving, sponsorships and volunteerism.
1 Source: Dealogic and Autex Blockdata
2 Source: The Wall Street Journal "Best on the Street Analyst Survey" 2009 and 2009 FT/StarMine Global Analyst Awards