Each year I look forward to authoring
this letter highlighting the past year’s
accomplishments and discussing the future
of D.A. Davidson. But as I prepare this
message for the final time, it is with special
pride that I report on our record-setting
performance and continued growth in 2021.
As all corners of the globe continued to
navigate another year of disruption and
uncertainty, I remained inspired by the
collective efforts of our 1,472 associates
nationwide. Their tenacity, creativity
and flexibility fueled our success and
strengthened our ability to deliver new levels
of value and innovation across all segments
of our business. As a result, I am pleased to
report record revenues of $582.8 million for
Fiscal 2021, and our average assets under
administration once again grew to record
levels of $64.4 billion.
All of our teams across the D.A. Davidson
landscape contributed to our success,
enabling us to provide greater levels of
expertise and service to our clients. We added
new financial professionals and support staff
within in each of our five business units;
most notably, our Wealth Management team
recruited its greatest number of financial advisors in over a decade. We also
continued to make significant technology
investments across Asset Management
and Trust and other business units to
strengthen our platform and enhance
the client experience for those we serve.
In addition, we expanded our geographic
footprint to support our continued coast-to-
coast growth strategy. We broadened
D.A. Davidson’s presence in the Northeast
market with three new locations in Virginia,
and opened new offices in California,
Colorado, Texas and Georgia to offer greater
levels of expertise and support.
Perhaps the most visible example of our
continued growth trajectory — and of
our quest to serve new clients, in new
markets, in new ways — was the firm’s mid-year
acquisition of Marlin & Associates, one of the
most-active investment banks serving the fintech
and data & analytics industries. In welcoming
their venerable leadership and seasoned
professionals to our Investment Banking division,
we dramatically expanded our resources and
capabilities as a trusted advisor for clients and
prospects across this vast global sector.
Outside of the office, our longstanding
commitment to serving individuals, organizations
and communities in need remained strong.
Our associates supported our fifth annual D.A.
Davidson Day and charitable giving throughout
another year when their time and generosity was
needed most. Working together, the D.A. Davidson
family donated to 145 different organizations
across the country, and our charitable giving
efforts totaled $1.4 million.
Finally, as I close this message and approach the
end of my tenure as CEO, it will be my honor to
hand over the reins to our president, Larry
Martinez, a highly experienced and deeply
respected D.A. Davidson veteran. Larry has been
an integral part of our leadership team for nearly
two decades, and I truly believe he is the right
individual to guide our future growth. I have
great confidence that we will continue to thrive
under his leadership, and I look forward
to supporting him and the D.A. Davidson
community as executive chairman.
I would like to extend my sincere thanks
and deep gratitude to all of our stakeholders,
clients and associates for being a part of
D.A. Davidson’s extraordinary story as we
continue to find new ways to support the
financial well-being of individuals and
I wish you and yours a future filled with
great success, new opportunities and the
best of health.
JAMES P. KERR
Chairman and CEO
"THE TENACITY, CREATIVITY AND FLEXIBILITY OF OUR ASSOCIATES
FUELED OUR SUCCESS AND STRENGTHENED OUR ABILITY
TO DELIVER NEW LEVELS OF VALUE AND INNOVATION ACROSS
ALL SEGMENTS OF OUR BUSINESS."