Bluegrass and greenbacks? For J.J.B. Hilliard, W.L. Lyons (Hilliard Lyons for short) that may be a winning combination. Founded in Kentucky in 1854, the subsidiary of Houchens Industries provides customized wealth management services to retail investors and small business owners. Its offerings include managed accounts; retirement and college savings plans; access to stocks, bonds, mutual funds, and insurance; and proprietary investment research, advice, and education. The company also provides investment banking services to closely held emerging and middle-market firms. Hilliard Lyons has more than 70 offices in about a dozen Midwestern and Southern states.
Affiliate Hilliard Lyons Capital Management advises on or manages approximately $675 million worth of assets for institutional investors such as corporate pension and profit-sharing plans, endowments, foundations, and public funds. Hilliard Lyons Trust Company provides estate planning and trust services.
Hilliard Lyons' investment banking practice focuses on the business services, financial services, energy, utilities, logistics, and technology sectors. In 2010 the company announced the acquisition of middle-market investment banking firm bCatalyst. The fellow Louisville-based firm, which was rebranded as Hilliard Lyons Investment Banking, continues to provide mergers and acquisitions advice, business valuation, and other financial advisory services to regional companies valued in the $2 million to $200 million range.
Employee-owned Houchens Industries, which also has interests in grocery stores and several other businesses, acquired Hilliard Lyons from PNC Financial Services in 2008. – less