SEC-registered broker-dealer Pierpont Securities has completed the final phase of acquisition and consolidation of Cortview Capital Holdings (Cortview), following approval from the Financial Industry Regulatory Authority (FINRA).
Following the consolidation and rebranding of the trading businesses of both firms, the acquired Cortview broker dealer will continue expansion of its capital markets activities under the brand name, Pierpont Capital Advisors.
The acquisition has helped Pierpont to strengthen its sales and trading teams in New York, Stamford, Charlotte, and Salt Lake City and expand presence in Santa Barbara, California and Houston, Texas.
Pierpont Securities CEO Mark B Werner said the integration of both firms will further strengthen the expansion of its fixed income product suite and position it as a preferred liquidity provider in the market.
Operating as a boutique broker-dealer, Pierpont Securities delivers liquidity, structuring and distribution services to institutional and middle market fixed income investors.
With over 150 employees in 13 regional offices across the US, Pierpont serves as principal in the US Treasury, federal agency, mortgage-backed securities, credit and financing markets.