With its greater combined asset base, Paine Webber Jackson & Curtis had become a significant participant in the New England financial market. The combined firm, Paine, Webber, Jackson & Curtis, operated a combined total of 22 branch offices. In July 1879, Charles Cabot Jackson and Laurence Curtis had founded their brokerage firm Jackson & Curtis on Congress Street in Boston, not far from the original Paine Webber offices. įollowing the difficult years of the Great Depression, Paine Webber merged with Jackson & Curtis, another Boston-based brokerage firm, in June 1942. Ward Paine became head of the firm, a position he held until 1940. Paine died right before the Wall Street Crash of 1929.
After nearly fifty years at the head of the company, W.A. entered the investment banking business in the 1920s. Paine entered into a partnership with Copper Range Company and Copper Range Railroad, controlled by John Stanton.Ĭontrolled by the Paine family, Paine, Webber & Co. The firm would purchase a seat on the New York Stock Exchange in 1890. Paine to the partnership, the firm was renamed Paine, Webber & Co. Webber founded Paine & Webber as a brokerage firm in Boston, Massachusetts with a seat on the Boston Stock Exchange. In May 1881, William Alfred (W.A.) Paine (with a loan from his father) and Wallace G. Webber retired after the business weathered a major financial crisis of 1893. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. when Charles Hamilton Paine became a partner. The company was renamed Paine, Webber & Co. Operating with two employees, they leased premises at 48 Congress Street in May 1881.
The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. was an American investment bank and stock brokerage firm that was acquired by the Swiss bank UBS in 2000. UBS Paine Webber, later UBS Wealth Managementīrokerage, Investment management, Investment banking Investment bank and stock brokerage firm Paine Webber & Co.
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