Patersons Securities Ltd is a

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

firm based in

Perth, Western Australia Perth is the capital and largest city of the Australian state of Western Australia. It is the fourth most populous city in Australia and Oceania, with a population of 2.1 million (80% of the state) living in Greater Perth in 2020. Perth is ...

, with 10 offices throughout Australia. James Paterson founded the firm in 1903 as an

accounting Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "languag ...

practice, and branched into stock trading in 1922. His 16-year-old son Colin joined the firm in 1929, and by the start of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

was head of what had been renamed James W. Paterson and Son. Colin Paterson enlisted in the

Royal Australian Air Force "Through Adversity to the Stars" , colours = , colours_label = , march = , mascot = , anniversaries = RAAF Anniversary Commemoration ...

during

, and his sister Mary ran the firm during the war. The firm was forced to exit accounting in 1950, but Colin used his accounting experience to branch out into investment banking. Colin Paterson retired in 1977, and soon afterward the firm incorporated as Paterson Securities. In 1985, it sold a half-interest to

Ord Minnett Ord Minnett is an Australian wealth management company. History Ord Minnett was founded in 1951 by Charles Ord and Jack Minnett. In 1969, Bankers Trust and Ord Minnett formed BT-Ord, a merchant bank with Ord Minnett having a 60% shareholding. Or ...

, a subsidiary of JP Morgan Chase, and changed its name to Paterson Ord Minnett. Under this name, it opened offices in outstate Western Australia in the 1990s. It resumed its old name in 2003 and expanded outside Western Australia for the first time, opening an office in

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

. Within a few years, it opened offices in

Canberra Canberra ( ) is the capital city of Australia. Founded following the federation of the colonies of Australia as the seat of government for the new nation, it is Australia's largest inland city and the eighth-largest city overall. The ci ...

and

Brisbane Brisbane ( ) is the capital and most populous city of the states and territories of Australia, Australian state of Queensland, and the list of cities in Australia by population, third-most populous city in Australia and Oceania, with a populati ...

as well. In December 2008, Patersons bought Perth rival Montagu, and a few months later bought

Melbourne Melbourne ( ; Boonwurrung/Woiwurrung: ''Narrm'' or ''Naarm'') is the capital and most populous city of the Australian state of Victoria, and the second-most populous city in both Australia and Oceania. Its name generally refers to a met ...

-based Tolhurst, the oldest stock brokerage in Australia. Patersons held the

naming rights Naming rights are a financial transaction and form of advertising or memorialization whereby a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event, typically for a defined period of t ...

to Subiaco Oval, the Perth area's main sporting facility, between 2011 and 2014 inclusive. The naming rights to the stadium were subsequently taken over by real estate company ''The Domain Group''. Patersons were acquired by Canaccord Financial Group (Australia) Pty Ltd on the 22nd of October 2019, and are now known as Canaccord Genuity Financial Limited.{{Cite web, url=https://www.canaccordgenuity.com/globalassets/investor-relations/documents/press-releases-en/2019/hp-featured/canaccord-genuity-group-inc.-through-its-australian-operation-announces-completion-of-its-acquisition-of-patersons-securities-limited.pdf, title=Canaccord Genuity Group Inc. through its Australian Operation announces completion of its acquisition of Patersons Securities Limited., date=22 October 2019, url-status=live, access-date=

References

External links

Company Website
Companies based in Perth, Western Australia Financial services companies of Australia Financial services companies established in 1903 Australian companies established in 1903