Our Firm

Building the most trusted global investment bank

Piper Jaffray Companies
Corporate Snapshot

Founded: 1895
Net Revenue 2011: $458.1 million
Employees: Approx. 1,011
Total Stockholders' Equity: $718.4 million
NYSE Stock Symbol: PJC

As of quarter-end, Q4 2011.
Net revenues provided are
from continuing operations.

Piper Jaffray is a leading middle market investment bank and asset management firm serving clients in the U.S. and internationally. Our proven advisory teams combine deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis and has offices across the United States and in Hong Kong, London and Zurich. We offer a full suite of products to serve our clients’ business lifecycle needs, geographic reach in an increasingly global market, and deep expertise in our core middle market sectors:

Investment banking

Piper Jaffray corporate investment bankers offer clients advisory and financial services including M&A; equity, debt and convertible underwriting; financial restructuring and private placements. We also offer our corporate clients specialized capability in private investment in public equity (PIPEs) and registered directs (RDs).

Our public finance investment bankers aid in the issuance of taxable and tax-exempt debt for a wide variety of government and nonprofit clients. We also assist borrowers and lenders in accessing capital by sourcing loans for clients.

Institutional brokerage

Piper Jaffray institutional equity sales and trading facilitates public offerings in our core middle market sectors and provides dedicated aftermarket support. We are a market maker and/or transact in more than 1,900 NASDAQ and NYSE-listed securities. We offer traditional, algorithmic and program trading approaches, as well as commission services agreements for those clients who use third-party services. Our award-winning1 research analysts support our trading clients by providing in-depth industry research on more than 600 small-, mid- and large-cap companies.

Piper Jaffray fixed income services sales and trading professionals provide a variety of taxable and tax-exempt products, including municipal bonds and taxable debt.

Asset management

Through Advisory Research, Inc. (ARI) and Fiduciary Asset Management (FAMCO), we offer an array of investment products through separately managed accounts, mutual funds and closed-end funds.

With more than $5.8 billion in assets under management, Advisory Research manages domestic and international equity strategies as well as fixed income assets for institutional, private clients and investment advisors.

FAMCO manages more than $6.0 billion in assets in four core product strategies: Master Limited Partnerships, Flex Equity, Fixed Income and Balanced.

Commitment to the communities where we do business is a cornerstone of Piper Jaffray

Since our inception, we’ve kept our company solidly rooted in our time-tested core values of leadership and partnership. We are committed to contributing 5 percent of our pre-tax earnings to the community through the Piper Jaffray foundation as well as corporate giving, sponsorships and volunteerism.

Our Guiding Principles

We create and implement superior financial solutions for our clients. Serving clients is our fundamental purpose.

We earn our clients’ trust by delivering the best guidance and service.

Great people working together as a team are our competitive advantage.

As we serve, we are committed to these core values:

Always place our clients’ interests first

Conduct ourselves with integrity and treat others with respect

Work in partnership with our clients and each other

Maintain a high-quality environment that attracts, retains and develops the best people

Contribute our talents and resources to serve the communities in which we live and work

1Source: The Wall Street Journal “Best on the Street Analyst Survey” 2009 and 2009 FT/StarMine Global Analyst Awards