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Photo by Anthony DELANOIX on Unsplash

As 2021 rolls into the summer, banking, investing, and SPACs are heating up along with the temperature. Emerging investment banks have been catering to small and mid-cap companies and have been growing through acquisitions and roll-ups, especially in the Special Purpose Acquisition Company (SPAC) space. 

Kingswood Capital Markets (LON: KWG) is a “Global Full Service Middle Market Investment Bank” and is one example of a public company that is adding to the overall development of the market and its conditions. Their activity in the SPAC space has propelled them into the limelight recently as the up-and-coming Wall Street investment bank. They are also launching a series of new SPACs and plan on continuing their work in the sector. 

Kingswood has just announced that they have acquired the rights to the name and brand of EF Hutton and will be renamed to match. EF Hutton was originally founded in 1904 in San Francisco as one of the first brokerages to open in California and was the second largest stock brokerage firm in the United States for a time. The revival of the EF Hutton brand and legacy by Kingswood was officially announced by Kingswood saying:

"Kingswood Capital Markets, a global investment bank focused on both private and public small-cap, mid-cap, and large-cap issuers announced today that it has secured the rights to use the EF Hutton brand, a name that is globally recognized as the prestigious century-old U.S. bulge bracket bank, and will now be known as EF Hutton."