Rothschild Investment Corporation (www.rothschildinv.com) today announced that 2008 marks the firm's 100th anniversary as an independent investment management firm. Founded the same year the Chicago Cubs last won the World Series, the firm has served generations of Chicago's entrepreneurs, professionals, families, retirement plans, endowment funds and foundations.
CHICAGO (Business Wire EON) April 28, 2008 --
Rothschild Investment Corporation (www.rothschildinv.com)
today announced that 2008 marks the firm’s 100th
anniversary as an independent investment management firm. Founded the
same year the Chicago Cubs last won the World Series, the firm has
served generations of Chicago’s entrepreneurs,
professionals, families, retirement plans, endowment funds and
foundations.
Originally founded by Monroe Rothschild and Samuel Karger, his
brother-in-law, the firm was first called Rothschild & Co., with
brokerage offices in Chicago and New York. Based on Samuel’s
gritty conservatism, his aversion to risk and a commitment to personal
customer service, Rothschild survived the 1929 stock market crash and
ensuing depression.
Richard
Karger, grandson of the Rothschild co-founder, said, “To
reach the 100-year mark as an independent money manager says a great
deal for the partners who have guided this firm through its history. It
says that they kept their eyes focused on their clients’
needs first and foremost, weathering the many ups and downs of the
markets over the past century and the many waves of consolidation that
have taken place.”
Today, Karger is the third generation of the founding family to run the
company, now known as Rothschild
Investment Corporation. Joining the firm in 1975 from Brown Brothers
Harriman, he further aligned the interests of the firm with those of its
clients, introducing the fee-based Investment Management Department,
which he still runs today. Under Karger’s
leadership, the firm is known for its conservative, disciplined
portfolio management.
While stock brokerage was its original activity, Rothschild’s
emphasis today is on investment management. Additionally, the company
sees great growth in the area of 401k’s
and corporate retirement plans.
“Rothschild’s
combination of independence and investment management expertise makes us
ideally suited to advise on the creation of 401k and corporate
retirement plans. Because we are independent, our clients can be
confident that the investment vehicles and administrative platforms we
select for their plans are based on their needs, not ours,”
adds Karger.
Rothschild will be commemorating the 100-year anniversary through 2008
with an advertising campaign and an as-yet unannounced philanthropic
initiative focused on education.
About Rothschild Investment Corporation
Since 1908, Rothschild Investment Corporation has provided investment
services to generations of Chicago’s
entrepreneurs, professionals, families, retirement plans, endowments and
foundations. Independent for each of its 100 years, Rothschild tailors
investment solutions to the unique needs of each client, avoiding
conflicts of interest associated with proprietary products, securities
inventorying, market-making and investment banking relationships.
Rothschild has approximately $2 billion under management and supervision.
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