Jim Kerr to Retire as CEO of D.A. Davidson Companies, Larry Martinez Named Successor

GREAT FALLS, Mont.--(BUSINESS WIRE)--D.A. Davidson Companies announced today that James (Jim) Kerr, Chairman and CEO of D.A. Davidson Companies, has announced his retirement, effective as of the company’s annual meeting in January 2022, and the company has appointed Lawrence (Larry) Martinez as CEO, effective as of that time. Kerr will continue to serve as Executive Chairman of the company.

“It has been an honor and a privilege to serve as CEO of D.A. Davidson over the past seven years. We have built a strong foundation and I have complete confidence in Larry as he steps into this role,” said Jim Kerr. “Larry has been an integral part of D.A. Davidson’s leadership team for nearly two decades, and I believe he has the right skillset and track record to lead the firm forward with continued success.”

“We thank Jim for his strategic guidance and contributions over the years, and I’m excited to work with him during his transition,” said Larry Martinez. “I am deeply honored to have the opportunity to build on D.A. Davidson’s 86-year legacy in providing our clients exceptional service with a personal touch. As we look to the future, I am confident that our employees’ dedication to our company, our clients and our communities will continue to act as a catalyst for the firm’s growth and excellence.”

Martinez has been President of D.A. Davidson Companies since 2016, a Director since 2017, and a member of D.A. Davidson’s senior management team since joining the firm in 2002. He has been integral to D.A. Davidson’s rapid growth and expansion across the United States by guiding numerous acquisitions throughout the years, including that of Crowell Weedon in 2013, Smith Hayes in 2016 and Marlin & Associates in 2021. Throughout his career at the firm, he also served as Chief Administrative Officer and General Counsel. Previously, Martinez was a Partner in the corporate practice group with Dorsey & Whitney LLP. He later served as the President, CEO and Director of Fireman’s Fund AgriBusiness, Inc.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has approximately 1,400 employees and offices in 28 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.

For more information, visit dadavidson.com.