The local investment landscape changed Wednesday with the addition of a new player to the field.
Avondale Partners LLC, established by six former executives from J.C. Bradford & Co. and Equitable Securities Corp., has filed papers to organize a new investment banking, equity research and equity capital markets firm. The independently owned company has opened an office in the 2525 Building on West End Avenue.
Founders and managing partners include Raymond Pirtle, Stephen S. Riven, Philip D. Krebs, Richard W. Henderson, Jeffrey C. Nahley and R. Patrick Shepherd. Pirtle and Riven are former managing directors and board members with Equitable and former general partners with J.C. Bradford. Krebs, Henderson and Nahley are former managing directors at Equitable. Shepherd was a general partner at J.C. Bradford and will be chief administrative officer.