The Adams family: hall of fame credentials
Adams, Harkness & Hill was founded in the 1960s as a brokerage by Weston W. Adams. The Adams family carried a lot of weight in the Boston area, and Weston's father, Charles, was the founder of the Boston Bruins of the National Hockey League. The family remained principal owners of the team until 1951, and maintained a presence until 1973. Weston handed the reins of his brokerage firm, Weston W. Adams & Co., in 1966 to his son, John Adams, so he could be more active in running the franchise. Weston was elected to the Hockey Hall of Fame in 1972, a year before his death. (For trivia buffs, Weston Adams is credited with innovating the practice of removing the goaltender and using an extra attacker during a delayed penalty call.)
Emerging growth research
While Dad was busy running the hockey franchise, John expanded the brokerage firm. The company branched out into institutional research in 1967, and two years later became Adams, Harkness & Hill. In addition to sales and trading and research, AH&H now performs investment banking services, such as IPO and M&A underwriting and advice and corporate services, including stock repurchases and employee stock option and purchase plans. The company professes to focus on emerging growth companies in the technology, healthcare and "consumer/healthy living" sectors. Notable clients include Webhire, Inc. and Net Perceptions, Inc. (technology); Endogen and The Trizetto Group (healthcare); and Wholepeople.com and Hauser, Inc. (consumer/healthy living).
AH&H cares about green other than what they can put in their wallets. They established Winlsow Asset Management in 1984, a Boston-based investment management firm that concentrates on environmentally friendly companies. The "Green Team," Winlsow management, meets weekly to evaluate companies and determine their commitment to the environment. The evaluation process includes reviewing public documents, meeting with executives and conducting site visits. The firm's tree-hugging strategy is effective. The firm's equity portfolio has seen annual returns of 26.1 percent since its inception in 1993, beating the Russell 2000 index of small stocks. (Most of the Winslow companies are Russell 2000 size). In 1999 alone, Winslow's investments rose in value 123.7 percent, again beating the Russell 2000.
The times are a-changin'
As the technology and healthcare industries expand, AH&H grows with them. The company web site (www.ahh.com) has a career section that handles recruiting. The page encourages job-seekers in a variety of fields to submit applications to the Boston headquarters either via fax or mail. Openings include those specific to I-banking (like trading and research) as well as general fields (like MIS and accounting). The site lists some of the benefits, including medical, dental and life insurance, 401(k), tuition reimbursement and, in keeping with the firm's environmentally friendly philosophy, company subsidized public transportation passes.
More Company Profiles
For more career information, go to Vault.com
©2000, Vault.com Inc