1919 Investment Counsel
Our name reflects our focus: to provide counsel that helps families, individuals, and institutions achieve their financial goals.
In a financial world increasingly populated by small boutiques or huge conglomerates, 1919 Investment Counsel is a rare, if not unique, entity. We have retained the high-service culture and flexibility of a boutique while utilizing the resources of Stifel Financial Corp.
- 38 portfolio managers and client advisors who average 28 years of experience
- Proprietary, independent research team for the sole benefit of our clients
- Offices located in Baltimore, Birmingham, Cincinnati, New York, Philadelphia, San Francisco, and Vero Beach
In addition, our affiliate, 1919 Investment Counsel & Trust, a division of Stifel Trust Company, N.A., works with us to provide trust administration and fiduciary services to clients.
A Dedication to Continuous Learning
In our world where changes occur at an accelerating pace, the task of distilling pertinent information from an assault of data, statistics, and noise makes our jobs at 1919 increasingly complex, but also extremely rewarding.
Each year our investment professionals assemble for an internal conference to listen to experts in a range of fields such as economics, psychology, sociology, philosophy and more. Then we engage in thoughtful discussions to discover common threads and potential trends that may not be commonly found. We believe that this scholarly and broad pursuit of knowledge enables us to think differently and help us uncover sustainable investment opportunities to benefit our clients.
Our Roots Date Back to 1919
1919's roots stem from a combination of the Scudder legacy - which dates back to 1919 when Scudder Stevens & Clark was founded - and Legg Mason Trust, fsb, Legg Mason Inc.’s trust and investment subsidiary which was originally founded in 1994. The two firms were brought together under Legg Mason Investment Counsel & Trust Company, N.A. in 2004.
In 2014, the firm was renamed 1919 Investment Counsel and joined Stifel Financial Corp.
Until its sale in the late 1990’s to Zurich Insurance Co., Scudder was one of the oldest and largest independent investment advisory firm in the US. After several years under the Zurich Insurance umbrella, Scudder was purchased by Deutsche Bank in 2002. Senior management of the Scudder Private Investment Counsel group subsequently decided that its clients would be better served in the independent, non-banking environment with which they were familiar. Accordingly, they arranged the sale of the group. Scudder Private Investment Counsel management was in charge of selecting a partner and chose Legg Mason for its focus on the investment management business, its high level of integrity, the strength of its trust capabilities and its entrepreneurial spirit.
In December 2004, Legg Mason, Inc. purchased four offices from Deutsche Bank (located in Chicago, Cincinnati, New York and Philadelphia) of the former Scudder Private Investment Counsel business and renamed the business Legg Mason Investment Counsel, LLC (LMIC). The acquisition of these offices underscored our commitment to the private investment counsel business, which services both high-net-worth individuals and select institutional accounts.
In 2014, the firm joined Stifel Financial Corp, and was renamed 1919 Investment Counsel, a reflection of the Scudder investment culture and reputation for providing independent advice and high-end client service.
Theodore Scudder founds our predecessor firm Scudder, Stevens & Clark, becoming an early leader in the investment counsel industry.
Socially Responsive Investing Strategies established, beginning our 50+ year legacy within Responsible Investing.
Legg Mason Trust Company is established by our former parent company, Legg Mason Inc.
Legg Mason Investment Counsel formed through the acquisition of Scudder Private Investment Counsel and Legg Mason Trust
Firm rebrands to 1919 Investment Counsel and joins Stifel Financial Corporation.
Birmingham office established through the acquisition of Sterne Agee Family Office.
San Francisco office is established through the acquisition of Rand & Associates.
Women & Wealth Team is formed in recognition of the unique challenges and opportunities of our female clients.
IDEA Team is formed as part of our commitment to foster a culture of Inclusion, Diversity, Equity, and Awareness.
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