Clearing firm

The founders of Sterne, Agee & Leach began serving the investment needs of individuals and institutions in 1901. They established the highest standards for stability, integrity and innovation. Today, the proud tradition of this privately-owned firm continues.The companies of Sterne, Agee & Leach Group, Inc. have grown to become the most prestigious financial conglomerate headquartered in the Southeast.The firm’s founder, Mervyn H. Sterne, was recognized for his four decades of service as one of the leading financial advisors to southeastern investors, corporations and government entities. Mr. Sterne joined forces with George B. Ward, twice mayor of Birmingham, to form Ward, Sterne & Co. They were joined by Rucker Agee in 1919. Two years later, with Edmund C. Leach, they founded the Montgomery, Alabama office for the firm.

In 1936, the firm 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, Frazier & co., an investment banking firm in Mobile, Alabama. Sterne, Agee and Leach, Inc. was further strengthened in 1990 through consolidation with First Birmingham Securities Corporation, another Birmingham firm founded in 1972 by James S. Holbrook, Jr. By 1991 the firm had offices in Birmingham, Mobile, and Montgomery, Alabama and in Atlanta and Savannah, Georgia.

As the organization continued to successfully expand, a holding company was formed to share the strengths of the companies in the Sterne, Agee & Leach family. Subsidiaries of Sterne, Agee & Leach Group include:

Sterne, Agee and Leach, Inc., a registered broker-dealer, serving the investment needs of clients since its inception in 1916. A member of the New York Stock Exchange, the firm has offices in Alabama, Arkansas, Georgia, Louisiana, Mississippi, and South Carolina and provides a full array of brokerage services.
Sterne Agee Capital Markets., a registered broker-dealer, provides securities clearing services to introducing firms on a fully-disclosed or omnibus basis. SAL also offers a network of independent contractors located in branch offices as well as various financial institutions across the U.S.Sterne Agee Asset Management, a registered investment advisor, provides professional fee-based discretionary asset management services to taxable and tax-exempt clients.

The Trust Company of Sterne, Agee & Leach, Inc., was established to meet the demands of individuals and institutions for higher levels of personal service and a broad selection of high-quality investments within a fiduciary environment.

Today, the reputation that Mervyn H. Sterne secured for the company in Alabama has spread throughout the national financial community. Through all of our efforts, we are committed to continuing the tradition of excellence initiated by our founders more than nine decades ago.

Sterne Agee Founded in 1901, Sterne Agee has been providing investors with high-quality investment opportunities for over a century. During the early years, the founders of the firm prominently established themselves in the financial services industry in the southeastern United States. Today, the firm has expanded to serve all regions of the country.

Sterne Agee now holds over $9.4 billion in client assets and serves over 80,000 clients. Employing over 480 professionals, the firm operates five subsidiaries which together provide a total investment solution for our clients.

Our mission is to build wealth for our clients. To responsibly keep this firm on that course requires knowledge of who we are, what we do, where we are going, and how we are going to get there. Although this seems simple, these are very complex issues. We know Sterne Agee cannot be all things to all people. We know that our expertise is pre-eminent in the southeastern region. We know growth is essential to our strategic plan. We are totally confident that our goal to meet the needs of our clients and partners will be attained.

How To Reach Us:

Hours Mon-Fri: 8am – 5pm (EST)

Toll Free: (844)-944-4PTS (4787)
Local: (212) 257-5240
Fax: (212) -658-9094

NEW YORK, NY 10016