The Quiet Leader

Roosevelt & Cross Inc. is divided into departments specializing in Municipal Underwriting, Trading, Sales, Public Finance, Project Finance, and Credit Analysis & Research.

Our history has antecedents that reach back over a span of two centuries. Roosevelt & Son, our predecessor, was founded in 1797 as a hardware and plate glass merchandising company. It developed over time into a banking concern with railroad and communications investments. By the early 1900’s, Roosevelt & Son was a well-known financial firm with a growing presence in the municipal securities market. Those municipal securities operations were moved into a separate corporate entity, Roosevelt & Weigold, following the separation of commercial and investment banking by the Glass-Steagall Act of 1933. Archibald Roosevelt carried on that municipal business during the late 1930’s, but suspended operations when he entered military service in World War II. He restarted the business in association with Mr. Cross and others when he returned to civilian life in 1946. These founding partners gave the firm its focus on the Northeastern market for municipal securities, and infused the principals of superior customer service into its operations.

Roosevelt & Cross grew rapidly during the decades from the 1950’s through the 1990s as the national economy expanded and the infrastructure needs of the Northeast burgeoned. That strong growth has continued into the twenty-first century. Today, the firm is a vibrant and forward-looking participant in the securities markets, originating new bond and note issues from States and local governments in New York, New Jersey, and New England and marketing those securities to a large volume of high-net-worth customers and a broad range of institutional investors. Our capital base has grown to over $28 million in shareholder equity, and our investment banking, marketing and underwriting skills are qualitatively the equal of the best in our industry. Those skills are embodied in our staff of 60 professionals and support personnel, who represent the real underpinnings of our enterprise. Most of these staff members have toiled at the firm for decades, and have built outstanding careers in the industry. Their loyalty is evidenced by the fact that over three-quarters of our staff own an equity interest in Roosevelt & Cross.