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Charles Edward Merrill (October 19, 1885 – October 6, 1956) was an American philanthropist, stockbroker, and co-founder, with Edmund C. Lynch, of Merrill Lynch (previously called Charles E. Merrill & Co.).
Charles E. Merrill was an American investment banker who guided his company through a series of mergers that resulted in the creation of the brokerage firm of Merrill Lynch, Pierce, Fenner & Smith Inc., the largest in the United States. Merrill was also the father of James Merrill, one of the most.
In 1930, Charles E. Merrill led the firm through a major restructuring, spinning-off the company's retail brokerage business to E. A. Pierce & Co. to focus on investment banking. Along with the business, Merrill also transferred the bulk of its employees, including Edmund C. Lynch and Winthrop H. Smith. Charles Merrill received a minority ...
Charles Edward Merrill Jr. (August 17, 1920 – November 29, 2017) was an American educator, author, and philanthropist, best known for supporting historically black colleges and founding the Commonwealth School in Boston.
Charles E. Merrill. Merrill Lynch & Company. 1940–1956. Industry: Finance. Era: 1940. Merrill created the main street brokerage by founding the Merrill-Lynch Company.
By 1950 Merrill Lynch was the fourth largest underwriters of securities in the United States (Sobel 1991). When Ford Motor Company went public in 1956, Merrill Lynch was one of the seven underwriting managers to launch the IPO. In October of the same year, Charles Merrill passed away at the age of 70.
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Overview. As cofounder of Merrill, Lynch & Co. in 1914, Charles E. Merrill launched a Wall Street dynasty that would long outlive him. Building on the slogan "Bring Wall Street to Main Street," he designed his business around middle-class investors, not stock exchange insiders.
