Jesup & Lamont, Inc. · Longwood, FL United States ·(NYSE Alternext: JLI)
Company Description
Phone: 407-774-1300
Fax: 407-682-5867
Toll Free: 800-569-3337
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This link will open in a new window Jesup & Lamont performs brokerage services for retail investors and small to midsized financial institutions (e.g., credit unions, hedge funds, and money managers) throughout the US and in Europe and Asia. Related services include investment advice, market data, and portfolio management. The company also provides administrative support for a network of independent and employee broker/advisors in some 30 independently owned offices. Then named Empire Financial, the company acquired Jesup & Lamont Securities in 2006 and changed its own name to Jesup & Lamont in 2008. Other subsidiaries include Empire Financial Group and Empire Investment Advisors. To read the full description, subscribe now.
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Key Jesup & Lamont, Inc. Financials
| Company Type | Public - NYSE Alternext: JLI Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $38.1 |
| 2008 Employees | 189 |
Jesup & Lamont, Inc. Executives
15 executives listed for Jesup & Lamont, Inc.'s Longwood, FL location.
| Title | Name & Bio | Contact |
| Chairman | Steven Rabinovici | Network |
| President, CEO, and Director | Donald Wojnowski | Network |
| CFO and Director | Alan Weichselbaum | Network |
Competition
Competitive Landscape for Jesup & Lamont, Inc.
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Jesup & Lamont, Inc. Competitors
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