Frank Russell (1878-1959) was the founder of Frank Russell Company, which he started in 1936 as a brokerage firm in Tacoma, Washington.
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.
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.
George would take over from Frank and grow the company dramatically, introducing institutional investment consulting and bringing on JC Penny as its first client.
Frank Russell was a Master Mason, a member of the William P. Dougherty Lodge, Afifi Temple and Elks Lodge No. 174.
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