{{Short description|Former investment banking and brokerage firm based in Boston, Massachusetts}} {{Infobox company | name = Tucker Anthony | logo = 250px|Tucker Anthony logo | caption = | type = Acquired | predecessor = | successor = RBC Dain Rauscher (2000-2008) | fate = Acquired by Royal Bank of Canada | foundation = {{Start date and age|1892|df=yes}} | founder = William Austin Tucker<br> S. Reed Anthony | location = Boston, Massachusetts | industry = Financial services | products = Brokerage, Investment banking | assets = $48 billion<ref name=investorpres /> | subsid = Sutro & Co. <br> R.L. Day & Co. <br> Cleary Gull & Co. <br> Branch Cabell | homepage = | num_employees = }}
thumb|260px|Tucker, Anthony & Company logo c. 1910
'''Tucker Anthony''' was an independent investment banking and brokerage firm based in Boston, Massachusetts. In 2001, the firm was acquired by Royal Bank of Canada and was then merged with the bank's Dain Rauscher Wessels subsidiary to create RBC Dain Rauscher.
==Overview== At the time of its acquisition, Tucker Anthony was 14th largest brokerage firm in the U.S. with 990 account executives working from more than 80 offices across the country. The firm had a particular presence in the Northeast and Mid-Atlantic including New York, Massachusetts, Pennsylvania and Virginia as well as a strong presence in California.<ref name=investorpres>[http://rbc.com/investorrelations/pdf/aqaug2001.pdf Royal Bank of Canada Agrees to Acquire Tucker Anthony: Highlights for the Investor Community]. RBC Investor Presentation, August 1, 2001</ref>
==History== The firm was founded in 1892 as Tucker & Anthony Bankers by William Austin Tucker<ref name="1931TuckerObit">{{cite news |title=W.A. TUCKER DEAD; RETIRED FINANCIER; An Organizer and Former Senior Partner in Tucker, Anthony & Co., Bankers and Brokers. MEMBER OF OLD FAMILY Ancestor Came to Massachusetts in 1635 and Helped to Found Town of Milton. |url=https://www.nytimes.com/1931/10/26/archives/wa-tucker-dead-retired-financier-an-organizer-and-former-senior.html?searchResultPosition=1 |access-date=19 February 2025 |work=The New York Times |date=26 October 1931}}</ref> and S. Reed Anthony<ref name="SRAObit1914">{{cite news |last1=Times |first1=Special to The New York |title=S. REED ANTHONY DEAD.; Boston Banker and Member of New York Stock Exchange. |url=https://query.nytimes.com/gst/abstract.html?res=9D04E0DD163AE633A25752C1A9659C946596D6CF |access-date=19 February 2025 |work=The New York Times |date=11 March 1914}}</ref> with offices at 50 State Street. Other early partners included Phillip L. Saltonstall, Nathan Anthony and Chauncey Eldridge.<ref name="Bennett1911">{{cite book |title=United States Investor, Volume 22, Part 1 |date=1911 |publisher=Frank P. Bennett & Company |url=https://books.google.com/books?id=TnHnAAAAMAAJ&pg=RA8-PA34 |access-date=19 February 2025 |language=en}}</ref>
In 1942, the firm merged with Burr, Gannett & Co., an old Boston-based firm.<ref name="1942TwoFirms">{{cite news |title=TWO OLD-LINE FIRMS IN BOSTON TO MERGE; Tacker, Anthony & Co. to Absorb Burr, Gannett & Co. |url=https://select.nytimes.com/gst/abstract.html?res=FB0E14F83D5A147B93C0A8178DD85F468485F9 |access-date=19 February 2025 |work=The New York Times |date=12 June 1942}}</ref> In 1956, Tucker Anthony merged with R.L. Day & Co.<ref name="1956Unite">{{cite news |title=BANKING FIRMS TO UNITE; Tucker, Anthony Will Merge With R.L. Day This Fall |url=https://www.nytimes.com/1956/08/09/archives/banking-firms-to-unite-tucker-anthony-will-merge-with-rl-day-this.html |work=The New York Times |date=9 August 1956}}</ref>
In 1982, the firm was acquired by John Hancock Financial. During its ownership by John Hancock, the firm was operated as a division of John Hancock Freedom Securities Corporation, a holding company that also owned Sutro & Company, a San-Francisco investment management and brokerage firm founded in 1858.<ref name="Cuff1988">{{cite news |last1=Cuff |first1=Daniel F. |title=BUSINESS PEOPLE; John Hancock Unit Hires Ex-Prescott, Ball Chief |url=https://www.nytimes.com/1988/01/06/business/business-people-john-hancock-unit-hires-ex-prescott-ball-chief.html |work=The New York Times |date=6 January 1988}}</ref>
In 1996, the management of the firm led a leveraged buyout of what was then known as Tucker Anthony Sutro from John Hancock with the support of the private equity firm Thomas H. Lee Partners.<ref>[https://www.nytimes.com/1996/07/02/business/sale-by-hancock-is-seen.html Sale by Hancock Is Seen]. New York Times, July 2, 1996</ref> In 1998, Tucker Anthony completed a $120 million IPO, going public on the New York Stock Exchange.<ref>[https://www.latimes.com/archives/la-xpm-1998-jan-07-fi-5662-story.html Sutro, Tucker Anthony Plan to Go Public ]. LA Times, January 8, 1998</ref><ref>[https://www.latimes.com/archives/la-xpm-1998-jan-28-fi-12804-story.html Sutro and Tucker Anthony Banks to Go Public]. LA Times, January 28, 1998</ref>
In 2001, after operating as an independent firm for five years, the firm was acquired sold to the Royal Bank of Canada and merged with the Canadian bank's recently acquired subsidiary Dain Rauscher Wessels.<ref>[https://www.nytimes.com/2001/08/02/business/company-news-royal-bank-of-canada-is-buying-tucker-anthony-sutro.html ROYAL BANK OF CANADA IS BUYING TUCKER ANTHONY SUTRO]. New York Times, August 2, 2001</ref>
Tucker Anthony was the predecessor of TA Associates, the private equity firm which was established in 1968 and spun-out in 1978.
==References== {{reflist|2}}
==External links== *[https://forexswap.com/ Forexswap Homepage] *[https://www.woyouminer.com/ ASIC Mining Machines]
{{Royal Bank of Canada}}
Category:Brokerage firms Category:Royal Bank of Canada Category:Private equity portfolio companies Category:1892 establishments in Massachusetts Category:2001 disestablishments in Massachusetts Category:Financial services companies established in 1892 Category:Financial services companies disestablished in 2001 Category:Defunct financial services companies of the United States Category:Former investment banks of the United States