PORTLAND, OR--(Marketwire - November 16, 2010) - Paulson Investment Company, Inc. (Paulson), a wholly owned subsidiary of Paulson Capital Corp. (
Paulson is an independent broker-dealer that maintains a correspondent clearing relationship with RBC Correspondent Services (RBC-Royal Bank of Canada), which is a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC. RBC Capital Markets, LLC is one of the nation's largest full-service securities firms. Paulson Wealth Advisors will leverage this partnership by utilizing RBC's robust advisor platform to provide a comprehensive and customized approach for its investors.
"Paulson is one of the largest independent, full service broker-dealers in the Northwest, and we have established ourselves as one of the nation's most prolific underwriters of small and micro-cap companies," said Trent Davis, President and Chief Executive Officer of Paulson Investment Company, Inc. "We look forward to expanding on this success through our newly developed division, Paulson Wealth Advisors, and are confident that John Noble, a seasoned financial services and investment professional, will be a key asset to Paulson's leadership team and the growth of our Wealth Advisors division. John's exceptional reputation and track record of success among financial advisor professionals and their clients sets him apart as a true leader in the Pacific Northwest's financial services community. We are privileged to have him on board."
Mr. Noble previously served as the President of Umpqua Investments (formerly Strand, Atkinson, Williams & York), a retail brokerage subsidiary of Umpqua Holdings. Prior to his role at Umpqua he was a director and executive vice president at UBS Financial Services and spent more than 20 years at Smith Barney in various managerial positions.
"A renaissance of sorts is occurring within regional brokerage firms as Wall Street firms struggle to retain advisors," said John Noble. "Paulson is uniquely positioned to expand into Wealth Advisory Services for a multitude of reasons, including the company's access to the RBC platform, which breaks all barriers that once separated small firms from large firms, and Paulson's unique, supportive and entrepreneurial culture, something that has been lost at the wirehouses. I'm honored to join Paulson as it embarks on its 40 year anniversary of excellence in financial services, and I look forward to helping pave the way for further expansion and continued success in client services for Paulson's next 40 years."
For more information on Paulson Wealth Advisors please visit: www.paulsonwealthadvisors.com. (503) 248-2300.
About Paulson Capital Corporation
Paulson Capital Corporation is the parent company to Paulson Investment Company, Inc. Based in Portland, Ore., Paulson Investment Company, Inc. is one of the largest independent brokerage firms headquartered in the northwest and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million. Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten 166 securities offerings and has generated more than $1.2 billion for client companies.
With 42 branch offices throughout the country, Paulson Investment Company, Inc. (member FINRA/SIPC) aims to earn and build trust with retail and select institutional investors through highly customized financial portfolio management, diversified financial products and service offerings and effective administration and execution of investment strategies that specifically address individual risk tolerance levels. In addition, Paulson Investment Company, Inc.'s brokerage clients look to the firm for compelling new investment ideas in the small and emerging growth markets. The company's website is available at www.paulsoninvestment.com.
About RBC Correspondent
RBC Correspondent Services provides premier clearing, custodian and execution services for independent broker dealers and other financial professionals. A leader in the U.S. brokerage industry since 1909 and a custody and clearing leader since 1979, RBC Correspondent Services specializes in delivering personalized, high-touch service to help financial professionals manage their clients' needs and meet their business objectives. RBC Correspondent Services is a division of RBC Capital Markets, LLC, a wholly owned subsidiary of Royal Bank of Canada (RBC), one of the world's largest and strongest banks with a reputation for providing sophisticated solutions for high net worth clients. RBC Capital Markets, LLC, Member NYSE/FINRA/SIPC. For more information, please visit as www.rbc-cs.com.
This release may contain "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results of achievements may be materially different from those expressed or implied. The Company's plan and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control. In particular, we make assumptions about our ability to complete corporate finance transactions and increase the volume and size of our securities trading operations, which are difficult or impossible to predict accurately and often beyond the control of the Company. Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.
Contact Information:
MEDIA CONTACT:
Amber Roberts
Lane PR
646.673.8547
amber@lanepr.com