2007 was a very special year for Capitol Securities Management. During a time of financial uncertainty across most sectors of our economy, we are very pleased to announce a record year of growth for our firm in all categories. Total customer assets under management grew to in excess of 2 billion dollars representing an increase of over 100%. Gross firm revenues and number of registered representatives also grew over 70% to levels nearly double the highest recorded revenue in firm history.
"We have something very special here. The dynamic nature of our business can open and close the door of opportunity quickly. We consider ourselves lucky to be positioned where we are at this point in time. Our combination of strategic maneuverability, significantly higher payouts, and a superior host of products and services, presents a very compelling story. The continual consolidation of the super regionals such as A. G. Edwards and Ferris Baker has created an enormous talent pool of investment professionals in our core market areas who are looking for a better way of life." G. Mark Hamby, President
The continued growth is an extension of Capitol's long term plan to become a major regional force over the next several years. Additions have come from many different firms and regions of the country. 2008 is off to a great start with advancements in all aspects of business and a full calendar of new affiliates joining the Capitol family over the next few months.
Capitol Securities Management, Inc. is a Mid-Atlantic based, privately owned brokerage and investment firm with branch offices in Mclean and Richmond, VA, Boston MA, Hickory, NC, Florham Park, NJ and Tampa, FL. Capitol employs over 170 fulltime investment professionals and independent affiliates in locations from New England to Florida and has been serving the needs of its investors for over 25 years. It is a member of FINRA and SIPC.