Bancroft Capital sets grand opening
The grand opening of Bancroft Capital LLC, a certified service-disabled veteran-owned small business, was announced this week by founder and CEO Cauldon D. Quinn.
Bancroft Capital is a SDVOSB operating an institutional broker-dealer and investment advisor.
The firm’s month-long celebration will culminate on Nov. 12, the observance of Veterans Day, at its headquarters in Fort Washington, Pennsylvania. Bancroft Capital will donate 100% of its net profits on Veterans Day to the Travis Manion Foundation, a nonprofit that helps veterans and their families.
“Bancroft is committed to the restoration of veterans and disabled veterans to their rightful place of leadership within society, community, and foremost to their individual family,” Quinn said. “We aggressively look to partner with any like-minded organizations. And what better place to begin than with our neighbor?”
Founded on July 4, 2017, Bancroft Capital offers its municipal clients banking, distribution and public finance expertise across multiple sectors, especially with general obligation, transportation, housing and higher education bond offerings.
“Our team has a wealth of industry knowledge and works to help both clients and issuers navigate the tax-exempt market with ease and flexibility. We have demonstrated distribution capabilities with a diverse account base and established strong relationships with a number of regional professional retail accounts,” the firm says in its mission statement. “Additionally, we excel in highlighting relative value opportunities across both the taxable and tax-exempt markets, primarily with public fund accounts. At our core, we seek to provide dynamic solutions to the unique issues posed by today’s market.”
Quinn is a graduate of the U.S. Naval Academy and was a volunteer for the initial phase of Operation Enduring Freedom in 2001, where he was responsible for providing forward combat logistical support to surface, aviation, and coalition special force units operating in Afghanistan.
A disabled veteran himself, in 2010 Quinn joined the SDVOSB broker dealer Drexel Hamilton LLC in 2010. Assuming dual responsibilities as CFO and managing director responsible for the equity business, he contributed to the growth of Drexel Hamilton from three employees in 2010 to over 100 employees by 2016. He holds FINRA Series 7, 24, 27, 53, 55, 66 (63 & 65), 79, and 99 licenses.
In keeping with Quinn’s vision to help disabled veterans through meaningful and lasting employment, the firm employs a veteran training program in partnership with a leading local university. Bancroft’s Veteran Training Program accepts a new class every six months and places financial industry veterans alongside military veterans working together to deliver value-added content to its clients.
Bancroft Capital is the third certified SDVOSB in the country and the first in Pennsylvania. It has received designations as a certified SDVOSB from the U.S. Department of Veteran Affairs, New York State, Disability:IN, NaVOBA, NVDBC, VIB Network, and the Elite SDVOB Network.
“In my humble opinion there are few organizations as meaningfully conceived as the Travis Manion Foundation,” Quinn said. “We are humbled, and proud to partner with Travis Manion Foundation and look to support their leadership in any way we can.”