A long and distinguished history
When Hilliard Lyons was founded in the mid-19th Century, its hometown of Louisville, Kentucky was considered to be on the western edge of the American story. Louisville benefited from its strategic location on the Ohio River, and in 1854 the booming river trade gave birth to an investment firm named Quigley and Lyons.
The Start Of J.J.B. Hilliard and W.L. Lyons & Co
Partner Henry J. Lyons began operating the business on his own a few years later under the name Henry J. Lyons & Co. The firm flourished and in 1878, it bought a seat on the New York Stock Exchange. When Lyons died, his son took over and the firm became W.L. Lyons & Co. Elsewhere in Louisville during this time, John James Byron Hilliard joined two other businessmen to found A.D. Hunt & Co. The private bank accepted deposits and dealt in real estate mortgages, railroad bonds, the gold trade and investment loans and rapidly established a reputation for exceptional service. A.D. Hunt & Co. later changed its name to J.J.B. Hilliard and in 1893, became J.J.B. Hilliard & Son.
J.J.B Hilliard Joins the NYSE
J.J.B. Hilliard & Son bought a seat on the New York Stock Exchange in 1922 and by the midpoint of the 20th Century, had become the dominant investment firm in the region, weathering many of the economic ups and downs by focusing on their culture of integrity and sound business principles.
J.J.B. Hilliard, W.L. Lyons
In 1965, J.J.B. Hilliard & Son and W.L. Lyons and Company combined to become J.J.B. Hilliard, W.L. Lyons.
Hilliard Lyons becomes a corporation, and later joins PNC Financial Services Group
In 1972, the firm, commonly known as Hilliard Lyons, exchanged its traditional partnership form of business for a corporation model. From 1998 to 2008, Hilliard Lyons was part of the PNC Financial Services Group.
Hilliard Lyons celebrates independence from PNC
In March of 2008, HL Financial Services, LLC, a newly formed company owned by the employees of Hilliard Lyons and their financial partner, Houchens Industries, Inc.(also an employee owned company), acquired Hilliard Lyons from PNC, returning the firm to its independent roots.
Our Wealth Advisors continue to make expertise accessible
Today, Hilliard Lyons has a growing presence throughout the Midwest and the South and remains committed to the same principles that allowed the firm to grow and thrive through challenging and good times.
Hilliard Lyons Joins Baird
For more than 160 years, Hilliard Lyons has guided clients like you and families like yours to their financial goals. Similarly, since 1919, Baird has partnered with individuals, families, businesses and communities to provide trusted advice across generations. These parallel pasts form a solid foundation for a bright future.