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Company History


On April 2, 1946, a group of five investors led by legendary Texas businessman William C. “Decker” Jackson, Jr., formed an investment banking firm to establish a strong presence in Texas finance. Under Jackson’s dynamic leadership, this pioneering group quickly established First Southwest Company as one of Texas’ preeminent investment banking firms.

First Southwest catapulted onto the national scene in the late '70s through its work with the Alaska pipeline. The firm successfully developed the financial plan to build an oil storage facility in the Port of Valdez with $1.4 billion in tax-exempt revenue bonds. At the time, it was the largest tax-exempt deal ever brought to market.

Today, the firm has evolved into a nationally recognized investment banking firm with a reputation as a trusted advisor to businesses and governments across the country. First Southwest Company boasts a complete line of investment services specializing in public, private and corporate banking; funds management, underwriting and trading of debt and equity securities; institutional sales; and clearing.

Since the firm’s acquisition by First Southwest Holding, Inc., in 1991, First Southwest Company has experienced significant growth of capital, employees and services through the acquisition of Masterson Moreland Sauer Whisman, Inc. in 1996, Fleet Boston’s Financial Advisory group in 2001, Carlyle Financial Services in 2003 and Arimax Financial Advisors in 2004.

First Southwest Company is now one of the largest privately held investment banks in the country with equity capital in excess of $50 million.



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