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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.).
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 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.
Dec 7, 1998 · By Merrill’s death, in 1956, the firm had some 400,000 clients and had become the largest brokerage in the country, a distinction it holds to this day. But Merrill died a sorely disappointed...
- Joseph Nocera
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.
Charles E. Merrill was born in 1885 in Green Cove Springs, Florida the same year as his future partner Edmund C. Lynch. Merrill entered college in 1902 but was forced to drop out shortly after
Merrill created the main street brokerage by founding the Merrill-Lynch Company. He was the first investment banker to realize that chain stores would one day dominate retailing and handled underwriting for at least 25 retail stores (such as S.S. Kresge – now K-Mart and Safeway Stores).
