Nollenberger Capital Partners Focuses on Investment Banking and Advisory Services;

SAN FRANCISCO--(BUSINESS WIRE)--Nollenberger Capital Partners, Inc. (NCPI), a privately held investment banking and investment advisory firm, today announced that the company has redirected efforts to its thriving private client, investment banking, public finance, and retirement plan services divisions and has decided to close the equity capital markets business, effective immediately.

“My colleagues and I have been honored to work alongside a group of talented and motivated ECM professionals in the past 18 months and we wish them well in their future endeavors.”

After a strategic review, San Francisco-based Nollenberger Capital Partners has determined that it can best serve its institutional and affluent individual clients by concentrating on its rapidly growing investment banking and advisory services. The company decided that the expense of supporting a superior Equity Capital Markets (ECM) division in a highly challenging environment could no longer be justified.

The closure results in the elimination of 27 positions – in equity research, sales and trading, and support – and of the company’s New York and Chicago office locations. Nollenberger Capital Partners plans to boost the current staff of 55 employees in its investment banking and advisory services businesses by 25% to 35% in the next year, to approximately 70 to 75 people, by recruiting experienced private client, retirement plan, investment banking, and public finance executives to the existing San Francisco, San Jose, and Newport Beach, California, offices.

“We look forward to reinvesting capital into our profitable investment banking and advisory services, which have experienced strong momentum since our company was formed in 2002,” said Bruce Nollenberger, CEO and founder of Nollenberger Capital Partners. “My colleagues and I have been honored to work alongside a group of talented and motivated ECM professionals in the past 18 months and we wish them well in their future endeavors.”

Nollenberger Capital Partners manages more than $1.4 billion in client assets in its private client services division, which provides financial advice and investment management services to individuals and families. The private client business, the firm’s largest, has doubled in size in the past three years. The company’s retirement plan services unit, formed in 2007, now advises on approximately $1 billion of retirement plan assets.

Nollenberger Capital Partners’ public finance group, created in 2006, is involved in municipal bond sales, trading, and originating and underwriting municipal debt instruments. The division recently served as a co-manager of a $2.5 billion State of California general obligation bond offering. The investment banking division, launched in 2006, is an M&A specialist in the technology and consumer sectors.

About Nollenberger Capital Partners, Inc.

Nollenberger Capital Partners, Inc. is a full-service Broker Dealer and Investment Advisory firm providing investment banking, private client services, public finance, and retirement plan services. Our innovative approach combines the best, experienced talent in the industry with access to the broadest range of financial products and services available, with one goal in mind, our clients’ success. At Nollenberger Capital Partners, we believe that success is a shared vision. For more information about Nollenberger Capital Partners, please visit www.nollenbergercapital.com.