Frank Russell

From MarketsWiki
Jump to navigation Jump to search



Frank Russell
Occupation Founder
Employer Frank Russell Company
Location Tacoma, WA

Frank Russell (1878-1959) was the founder of Frank Russell Company, which he started in 1936 as a brokerage firm in Tacoma, Washington.[1]

He was a former Merrill Lynch stockbroker who retired from Wall Street and moved to Tacoma, Washington to be closer to his son, a newspaper executive.

To keep busy, Frank Russell began to offer financial advice and started a mutual fund. He also offered brokerage services to local investors. At the time of his death, Frank Russell Company had assets of $300,000 and 176 investors in its mutual fund. Many of the investors were friends of Frank Russell.[2][3]

Background[edit]

Besides founding his namesake firm, he also founded an investment trust, Bondstock Corporation, in 1937.

In 1958, Frank Russell hired his grandson, George Russell, at his small brokerage firm. It was Frank, George and one part-time secretary in 1958 when Frank died just a few months after George joined the firm. The firm consisted of two desks, the secretary and $3000.[4]

George would take over from Frank and grow the company dramatically, introducing institutional investment consulting and bringing on JC Penny as its first client.[5][6]

Frank Russell was a Master Mason, a member of the William P. Dougherty Lodge, Afifi Temple and Elks Lodge No. 174.[7]

Education[edit]

References[edit]

John Lothian News logo1.png

@JohnLothian Twitter Feed

@JohnLothian: A Spike in Heart Disease Deaths Since Covid Is Puzzling Scientists
A Spike in Heart Disease Deaths Since Covid Is Puzzling Scientists https://t.co/OyT5Px4JPW— John Lothian (@JohnLothian) February 27, 2024

View Page

@JohnLothian: The Time Bomb in Empty Office Buildings
The Time Bomb in Empty Office Buildings https://t.co/nlKw004qTc— John Lothian (@JohnLothian) February 27, 2024

View Page

@JohnLothian: It’s Dangerous to Shrug Off a Long War
It’s Dangerous to Shrug Off a Long War https://t.co/SHhtLqBARf— John Lothian (@JohnLothian) February 27, 2024

View Page

@JohnLothian: Wall Street Needs Kolanovic’s Pluck Even If He’s Wrong
Wall Street Needs Kolanovic’s Pluck Even If He’s Wrong https://t.co/V7rMwovduh— John Lothian (@JohnLothian) February 27, 2024

View Page

@JohnLothian: Goldman Sachs Trades at a Discount. Here’s Why.
Goldman Sachs Trades at a Discount. Here’s Why. https://t.co/XBmPKYXWxk— John Lothian (@JohnLothian) February 27, 2024

View Page

@JohnLothian: Nvidia’s $70 Million Florida Supercomputer Hobbled by DeSantis Law
Nvidia’s $70 Million Florida Supercomputer Hobbled by DeSantis Law https://t.co/EksVYkepzL— John Lothian (@JohnLothian) February 27, 2024

View Page

We visit more than 100 websites daily for financial news (Would YOU do that?). Read the John Lothian Newsletter.