Mitchell Hutchins
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Mitchell, Hutchins & Co. was a securities research firm based in New York City. In 1977, it was acquired by Paine Webber.


History

The firm was founded in 1919 in Chicago, Illinois, by William H. Mitchell and James C. Hutchins, Jr., members of two prominent Chicago banking families involved with the Illinois Bank & Trust. The firm's first officers were W. Edwin Stanley (president), Hutchins,
J. Ogden Armour Jonathan Ogden Armour (November 11, 1863 – August 16, 1927) was an American meat packing industry, meatpacking business magnate, magnate and only surviving son of American Civil War, Civil War–era industrialist Philip Danforth Armour. He beca ...
, Chauncey Keep, Charles Garfield King (vice presidents), Robert A. Gardner (treasurer), and Mitchell (secretary). Its first stockholders included John J. Mitchell,
William Wrigley Jr. William Mills Wrigley Jr. (September 30, 1861 – January 26, 1932) was an American chewing gum industrialist. He was founder of the Wm. Wrigley Jr. Company in 1891. Biography William Mills Wrigley Jr. was born in Philadelphia, Penns ...
, and Albert Lasker. In 1965, the company acquired D.B. Marron & Company, founded in 1959 by Donald Marron. In 1967, Marron was named president of the company. Under Marron, the firm's prominence grew significantly. In 1975, the firm was chosen as the best research firm on
Wall Street Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for t ...
by
portfolio manager A portfolio manager (PM) is a professional responsible for making investment decisions and carrying out investment activities on behalf of vested individuals or institutions. Clients invest their money into the PM's investment policy for future grow ...
s. In 1977, Mitchell Hutchins was acquired by Paine Webber. Paine Webber continued to use the Mitchell Hutchins brand until the company was acquired by
UBS UBS Group AG is a multinational Investment banking, investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres ...
in 2000. In 2001, Mitchell Hutchins was merged into Brinson Partners.


References

{{Reflist, 1 UBS Defunct financial services companies of the United States Financial services companies established in 1919 Financial services companies disestablished in 1977 Former investment banks of the United States 1919 establishments in Illinois 1977 disestablishments in Illinois