TradePMR has partnered with Sterne Agee to execute and process securities transactions
for your account. Through this relationship, we make available to the broker-dealer
a wide range of investment products and services. All products and services are
offered through TradePMR who, in turn, has access to Sterne Agee’s various departments.
Who is Sterne Agee?
Eighty years ago the founders of Sterne, Agee & Leach, Inc. began serving the investment
needs of Alabama. They established the highest standards for stability, integrity
and innovation. Today, the proud tradition of this privately-owned firm continues.
Sterne, Agee & Leach has grown to be one of the most prestigious securities firms
headquartered in the Southeast.
A member of the New York Stock Exchange, Sterne, Agee & Leach is a registered broker/dealer,
offering clients the advantages of a full-service firm. Its expertise includes retail
and institutional brokerage; investment banking and underwriting; secondary trading
of corporate, municipal and government securities; and, market making in over-the-counter
stocks. A full-time research staff and numerous other ancillary services are provided
to serve the financial needs of clients. Furthermore, the firm’s insurance department
offers a variety of quality annuity and life insurance products.
Historically, Sterne, Agee & Leach has provided investors with high quality, timely
investment opportunities from across the nation. The firm’s founder, Mervyn H. Sterne,
was recognized as the leading financial advisor to Alabama investors, corporations
and government entities for over four decades.
Mr. Sterne established the firm in 1916, and later joined forces with George B.
Ward, twice Mayor of Birmingham, to form Ward, Sterne & Co. They were joined by
Rucker Agee in 1919, and two years later Edmund C. Leach founded a Montgomery, Alabama
office for the firm.
In 1936, the group joined the National Association of Securities Dealers (NASD)
and upon the death of George Ward in 1940, the firm name was changed to Sterne,
Agee & Leach. In 1955 Henry S. Lynn acquired a seat on the New York Stock Exchange.
That same year, Alonzo H. Lee became an associate member of the American Stock Exchange.
The partnership was changed to a corporation in 1964, and the firm became Sterne,
Agee & Leach, Inc. Ten years later, it acquired the business of Shropshire, Frazer
& Co., an investment-banking firm in Mobile, Alabama. Sterne, Agee & Leach, Inc.
was further strengthened in 1990 through its consolidation with First Birmingham
Securities Corporation, another Birmingham firm founded in 1972 by James S. Holbrook,
Jr., who now serves as the firm’s CEO. In 1993, Sterne Agee Asset Management was
organized to provide professional fee-based discretionary asset management services
to taxable and tax-exempt clients. September 30, 1995, marked the first-year anniversary
of The Trust Company of Sterne, Agee & Leach, Inc., which specializes in employee
benefit and personal trust services.
The firm has offices and subsidiaries in Birmingham, Mobile, and Montgomery, Alabama;
Little Rock, Arkansas; Atlanta and Savannah, Georgia; Baton Rouge, Louisiana; Jackson,
Mississippi; and, Charleston, South Carolina. In all of its offices, the employees
of Sterne, Agee & Leach, Inc. are diligent in their commitment to clients and community.
In addition to corporate responsibilities, employees are encouraged to use their
time, talents and resources to benefit civic and charitable groups. Representatives
of the firm are leaders in many worthwhile and prestigious organizations representing
education, local government, the arts and numerous other groups.
Today, the reputation that Mervyn H. Sterne secured for the company in Alabama has
spread throughout the national financial community. The firm has retained its regional
expertise and consistently provides clients with financial products that are rewarding
and appropriate to their needs. At the same time, the scope of the firm is expanding
to serve other southeastern investors and to sell securities in the world market.
Through all of these efforts, members of the firm are committed to continuing the
tradition of excellence initiated by the firm’s founders.