The firm's holding company was incorporated on June 30th, 1969 as PaineWebber Inc., of which Paine Webber Jackson & Curtis was its main subsidiary. The firm moved its headquarters from Boston to New York in 1963. With its greater combined asset base Paine Webber Jackson & Curtis had become a significant participant in the New England financial market. The combined firm, Paine, Webber, Jackson & Curtis, operated a combined total of 22 branch offices. In July 1879, Charles Cabot Jackson and Laurence Curtis had founded their brokerage firm Jackson & Curtis on Congress Street in Boston, Massachusetts not far from the original Paine Webber offices. Ward Paine became head of the firm, a position he held until 1940.įollowing the difficult years of the Great Depression, Paine Webber merged with Jackson & Curtis, another Boston-based brokerage firm in June 1942. Paine died just weeks before the Wall Street Crash of 1929. After nearly fifty years at the head of the company, W.A. entered the investment banking business in the 1920s. Webber retired after the business weathered a major financial crisis that hit the market in 1893.Ĭontrolled by the Paine family, Paine, Webber & Co. Members of the Boston Stock Exchange, in 1890 the company acquired a seat on the New York Stock Exchange. when Charles Hamilton Paine became a partner. The company was renamed Paine, Webber & Co. Operating with two employees, they leased premises at 48 Congress Street in May 1881. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. UBS Paine Webber, later UBS Wealth Managementīrokerage, Investment management, Investment banking
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