Beautifully engraved certificate from the Smith, Barney Equity Fund issued in 1969. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of Smith, Barney's front door's. This item has the printed signatures of the Company's President ( Theodore L. Heff, Jr. ) and its Secretary.
The Smith Barney story dates back to 19th century Philadelphia, where a young broker, Charles Barney, founded his firm in 1873 and a young investment banker, Edward B. Smith, started his in 1892. These pioneers of the American securities industry helped make Wall Street the world's financial capital. Today Smith Barney's nearly 12,400 Financial Consultants serve more than 7.5 million client accounts representing nearly $900 billion in client assets. 1873 Charles Barney, a stockbroker, founds Charles D. Barney & Co. 1892 Investment banker Edward Smith founds Edward B. Smith & Co. 1910 Arthur, Herbert and Percy Salomon found Salomon Brothers & Co. and partner with Morton Hutzler & Co. to become Salomon Brothers & Hutzler. 1938 Charles D. Barney & Co. and Edward B. Smith & Co. merge, forming Smith Barney & Co. 1970 The Hutzler name is dropped and the firm becomes Salomon Brothers, Inc. 1976 Smith, Barney & Co. merges with Harris, Upham & Co. to form Smith Barney, Harris Upham & Co. 1987 Smith Barney, Harris Upham & Co. Inc. is acquired by Primerica, a publicly held financial services corporation. 1993 July: Primerica acquires the retail brokerage and asset management operations of Shearson Lehman Brothers, and combines them with Smith Barney. December 31: Smith Barney becomes a wholly owned subsidiary of Travelers Group (formed by the acquisition of The Travelers by Primerica). 1997 Smith Barney Holdings Inc., the brokerage arm of Travelers Group, is combined with Salomon Inc. to form Salomon Smith Barney Holdings Inc. 1998 October 8: All Citicorp and Travelers Group divisions merge to become Citigroup Inc History from Citigroup Press Information.