Piper Sandler Companies operates as an investment bank and institutional securities company.
The company serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States (‘U.S.’) and internationally. The company provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and...
Piper Sandler Companies operates as an investment bank and institutional securities company.
The company serves the needs of corporations, private equity groups, public entities, non-profit entities and institutional investors in the United States (‘U.S.’) and internationally. The company provides a broad set of products and services, including financial advisory services; equity and debt capital markets products; public finance services; institutional brokerage services; fundamental equity and macro research services; fixed income services; and alternative asset management strategies.
Business
The company operates in one segment providing investment banking services, institutional sales and trading services for various equity and fixed income products, and research services. The company is organized as one segment to maximize the value it provides to clients by leveraging its diversified expertise and broad relationships of the experienced professionals across its company.
Investment Banking
For the company’s corporate clients and financial sponsors, it provides advisory services, includes mergers and acquisitions (‘M&A’); equity and debt financings; equity and debt private placements; and debt, restructuring and private capital advisory. The company operates in the following focus sectors: healthcare; financial services; energy and power; consumer; services and industrials; technology; and chemicals, primarily focusing on middle-market clients. For the company’s government and non-profit clients, it underwrites municipal issuances, provide municipal financial advisory and loan placement services, and offer various over-the-counter derivative products. The company’s public finance investment banking capabilities focus on state and local governments, cultural and social service non-profit entities, special districts and development infrastructure, project finance, and the education, healthcare, hospitality, senior living, housing and transportation sectors.
Equity and Fixed Income Institutional Brokerage
The company offers both equity and fixed income advisory and trade execution services for institutional investors, corporations, and government and non-profit entities. Integral to the company’s capital markets efforts, it has equity sales and trading relationships with institutional investors in North America and Europe that invest in the company’s core sectors. The company’s fundamental equity research analysts provide investment ideas and support to its trading clients on approximately 950 companies. The company’s macro research teams provide a comprehensive overview of global trends, such as economic and energy trends, as well as policy actions and political developments. Fixed income services provide advice on balance sheet management, investment strategy and customized portfolio solutions. The company provides fixed income sales and trading solutions to banks, registered investment advisors, public entities, credit unions, asset managers, and insurance companies. The company principally engages in trading activities to facilitate customer activity.
Alternative Asset Management Funds
The company has created alternative asset management funds in merchant banking and healthcare to invest firm capital and to manage capital from outside investors.
Regulation
The company’s business is regulated by U.S. federal and state regulatory agencies, by self-regulatory organizations (‘SROs’) and securities exchanges, and by foreign governmental agencies, financial regulatory bodies and securities exchanges.
The company’s U.S. broker dealer subsidiary (Piper Sandler & Co.) is registered as a securities broker dealer with the SEC and is a member of various SROs and securities exchanges.
The company also operates entities in various international jurisdictions, and these entities are subject to regulation by the relevant international authorities, including the Financial Conduct Authority of the U.K., the Hong Kong Securities and Futures Commission, the German Federal Financial Supervisory Authority, and the Guernsey Financial Services Commission (‘GFSC’).
Piper Sandler & Co. is subject to the USA PATRIOT Act of 2001, which contains anti-money laundering and financial transparency laws and mandates the implementation of various regulations requiring the company to implement standards for verifying client identification at the time the client relationship is initiated, monitoring client transactions and reporting suspicious activity.
The company also subject to the U.S. Foreign Corrupt Practices Act, as well as other anti-bribery and anti-corruption laws in the jurisdictions in which it operates.
The company maintains subsidiaries that are registered as investment advisors with the SEC and subject to regulation and oversight by the Securities and Exchange Commission (SEC).
Intellectual property
The Piper Sandler logo and the other trademarks, tradenames and service marks of the company including but not limited to, PIPER SANDLER, PIPER JAFFRAY, REALIZE THE POWER OF PARTNERSHIP, CORNERSTONE MACRO, SIMMONS ENERGY A DIVISION OF PIPER SANDLER, SIMMONS ENERGY A DIVISION OF PIPER JAFFRAY, SIMMONS ENERGY, SIMMONS & COMPANY INTERNATIONAL, SIMMONSCO-INTL, PIPER SANDLER FINANCESM, BIOINSIGHTS, TAKING STOCK WITH TEENS, Aviditi, Aviditi Advisors and GUIDES FOR THE JOURNEY, are the property of the company.
History
The company was founded in 1895. It was incorporated in 2003. The company was formerly known as Piper Jaffray Companies and changed its name to Piper Sandler Companies in 2020.