Sutter Securities Incorporated is a full-service investment banking firm headquartered in San Francisco. The firm was founded in 1992 by senior investment bankers formerly with Bear, Stearns & Co. Inc. and PaineWebber Incorporated, and subsequently we added experienced professionals from other major firms. Our senior investment bankers are dedicated to providing experienced professional assistance to our clients in the areas of financial advisory services, mergers and acquisitions, fairness opinions, business valuations, litigation support, bankruptcy, securities trading, and public finance.

What Sets Sutter Apart

Sutter’s unique strengths are:

• the experience of our principals,
• the diversity of our investment banking expertise, and
• our policy that all assignments are personally handled by our senior executives.

Public Finance

Sutter provides investment banking and financial advisory services to numerous municipalities. We underwrite municipal securities and act as financial advisors to state and local governments, public agencies, redevelopment agencies, school and community college districts, irrigation districts, sewer and water districts, power authorities, non-profit organizations, and harbor and transit districts.

Sutter has served as senior manager or co-manager on financings aggregating in excess of $10 billion and has served as financial advisor on tax-exempt and taxable municipal issues totaling more than $2 billion. Sutter has an extensive senior public finance team, including Frank Soriano, Ash Wood, Dennis Ciocca and Beth Renge.

Valuations, Opinions & Testimony

Our Senior Managing Directors have rendered hundreds of fairness opinions and are nationally recognized published experts in valuations. Sutter's principals have testified as expert witnesses with respect to fairness, valuation, investment banking practice, complex brokerage, and other issues in United States District, Bankruptcy, and Tax Courts, as well as in the Delaware Court of Chancery, numerous other state courts, and arbitrations. Gil Matthews or Ray Aronson personally handle each assignment. These two professionals have over 80 years combined experience.

In addition, we value intangible assets, including non-solicitation and non-compete agreements. We also perform allocations of purchase price and goodwill impairment testing under FAS 141 and 142.

Our extensive transactional experience enables us to provide advice and assistance to corporate directors in carrying out their duties to shareholders. Our familiarity with corporate finance and financial markets enables us to value companies and securities and to defend our valuations in litigation.

Securities Trading

As a fully registered broker-dealer with the Financial Industry Regulatory Authority, Sutter underwrites, trades and sells fixed-income and equity products. Our trading desk also engages in agency transactions in U.S. Government and agency obligations, municipal bonds, corporate bonds, mortgage and asset-backed securities, and listed and over-the-counter stocks as well as both domestic foreign certificates of deposit and commercial paper. Our trading activities are directed to both domestic and international institutional clients, including bond and mutual funds, insurance companies, corporations, banks, retirement funds and investment advisors. Joe DuCote, head of trading, Ron Parker, and Dave Kavrell each has over 30 years of experience.

Disclosure of Order Routing

Pursuant to SEC Rule 11Ac1-6 we are providing this information to the public.

Under Rule 11Ac1-6, broker-dealers that route customer orders in equity and option securities will be required to make publicly available quarterly reports that, among other things, identify the venues to which customer orders are routed for execution. In addition, broker-dealers are required to disclose to customers, on request, the venues to which their individual orders were routed. By making visible the execution quality of the securities markets, the rules are intended to spur more vigorous competition among market participants to provide the best possible prices for investor orders.

For more information on SEC Rule 11Ac1-6, please visit the SEC’s web page at www.sec.gov, or the FINRA’s web page at www.finra.org.

For Clients conducting securities trading with Sutter Securities, Incorporated:

Click here for order routing disclosure information for orders routed to Pershing, LLC.  

Corporate Advisory

Sutter acts as financial advisor to public and private companies in merger and acquisition transactions. Sutter also works with Special Committees of Boards of Directors, an activity in which our principals have had extensive experience. We act for either debtors or creditors in bankruptcy cases. A senior banker, Bob Muh, Fred Selinger, or Gil Matthews heads up each assignment. Each banker has over 30 years experience.

Sutter's principals have contributed significant capital to the firm. In addition, Sutter has access to additional capital, if required. A correspondent clearing relationship has been established with Pershing, LLC, a subsidiary of The Bank of New York Mellon Corporation which allows Sutter to clear all of its trades on a fully disclosed basis.