Avondale adds three to analyst team

Two health care researchers make move from Cantor, local office of Sterne Agee; firm also adds sales trader
Nov 10, 2015 7:21 AM

Canaccord Genuity recruits Avondale trio, former Morgan Joseph exec

Two Avondale Partners managing directors and a senior analyst have left the locally based company for global firm Canaccord Genuity, which also has recruited a former Morgan Joseph vice chairman to set up a first Nashville office.

Making the move to Canaccord are:

• Roger Briggs Jr., who will lead Canaccord's sponsor coverage business nationwide and who was a partner at Trilantic Capital Partners from 2011 to 2013. Before that, Briggs (pictured) led Morgan Joseph's investment banking team for eight years.
• investment banker Dudley Baker, who had been with Avondale since late 2010, when he made the move from Morgan Joseph.
• health care technology and services analyst Richard Close and his right-hand man Brian Hoffman, who had been at Avondale since the springs of 2011 and 2012, respectively. Among the companies they cover is downtown-based HealthStream.

Getahn Ward with The Tennessean writes that the team is hunting for office space in Midtown or The Gulch.

Canaccord, whose shares are listed in Toronto (Ticker: CF) and in London, has a market cap of about $670 million and operations in 10 countries on four continents. The firm earlier this month recruited a team of real estate investment trust analysts in New York and San Francisco.

The move by Baker, Close and Hoffman is a blow for Avondale, whose CEO Pat Shepherd last fall told the Post he was seeking to grow his investment banking team and who early this year added former Stephens managing director Stephen Scott. Avondale's investment banking group, which is led by Jonathan Morphett, now has nine members.

May 28, 2015 7:06 AM

Avondale brings on industrials analyst

Former Jetstream analyst, VC point man interned at investment bank in 2006
Feb 25, 2015 12:22 PM

St. Louis accelerator invests in New Constructs

Stock research firm joins Wealth Access in SixThirty program
Oct 14, 2014 7:46 AM

Local analyst charged in insider trading scheme

SEC says health care researcher passed on word of upcoming ratings changes
Sep 30, 2014 11:34 AM

Prominent Avondale analyst jumps to client

Consumer researcher takes over from hospitals expert who was named best on Street in 2011
Apr 30, 2014 12:55 PM

Avondale Partners adds senior analyst

Industry veteran to cover specialty pharmaceuticals sector
Apr 23, 2014 12:12 PM

Franklin investment manager recruits Goldman veteran to lead research

Strategist spent nearly decade at bank's NY operations
Apr 16, 2014 7:51 AM

New Constructs hooks up with advisor hub

Local investment evaluator David Trainer has signed an agreement to supply its research reports to clients of FA Today, which sells news and technology tools to independent financial advisors looking to connect with each other. FA Today's current format was launched in October, when it had about 12,000 users.

Dec 11, 2013 11:27 AM

Local analysts earn StarMine accolades

A number of local analysts have been recognized by market-watching firm StarMine for the quality of their research and recommendations. Leading the way is construction materials analyst Kathryn Thompson of Thompson Research Group. StarMine says she led the pack in her sector both in terms of the returns of her buy/sell recommendations and the accuracy of her earnings estimate. She is one of only four analysts to pull off that feat.

Also honored by StarMine are Richard Close at Avondale Partners and David Darst at Guggenheim Securities. Both came in third in the stock pickers segment of their sectors, which are health care technology for Close and thrifts/mortgage finance for Darst.

Check out the full StarMine 2013 awards list here.

Aug 23, 2013 11:59 AM