CHICAGO, March 23 /PRNewswire/ -- EVEREN Securities, Inc., announced today
that it has opened a branch office in Orland Park to better serve its clients
in the Chicago metropolitan area. The new branch is part of a nationwide
network that ranks EVEREN among the 1O largest national full-service brokerage
firms in the U.S. and the largest headquartered in Chicago.
"EVEREN has achieved significant growth throughout its retail system over
the past three years through a combination of aggressive recruiting,
acquisitions, and branch office openings," said Joseph J. DeMichiel, executive
vice president and regional director of EVEREN's Midwestern Region. "Our
expansion into Orland Park broadens our coverage of the Chicago metropolitan
area and responds to increasing client demand for informed investment advice
and personalized service in convenient locations."
The office, at 14535 John Humphrey Drive, Suite 205, has a staff of six
employees, including three investment consultants. The Orland Park branch is
one of nine EVEREN locations in Chicago and the surrounding suburbs, with a
total staff of more than 860 employees.
EVEREN Securities, Inc. serves individual, corporate, municipal and
institutional clients through an integrated network of more than 1,300
investment consultants in 135 offices. The firm combines the capital markets
resources of a large national organization with the personalized service and
dedication of a smaller firm. Currently, EVEREN holds approximately
$49 billion of client assets in 500,000 active client accounts. EVEREN
Securities is a subsidiary of EVEREN Capital Corporation (NYSE: EVR).
On Jan. 9, 1998, EVEREN Capital Corporation acquired Principal Financial
Securities, Inc., an investment banking and securities brokerage firm with
approximately 50 branch offices in the Southwest, Midwest and West. Principal
Financial has approximately 400 investment consultants and $8 billion of
client assets under control. Principal Financial Securities and EVEREN
Securities will operate as separate broker-dealers until Principal Financial's
back office and other operating activities are combined with those of EVEREN.
EVEREN Securities, Inc. and Principal Financial Securities, Inc. are
members of the Securities Investor Protection Corporation, the New York Stock
Exchange and other principal exchanges. For more information about EVEREN,
visit the firm's Web site at http://www.everensec.com.
SOURCE EVEREN Securities
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Related links:
http://www.everensec.com
CONTACT:
Molly A. Keveney, 312-574-6155, or Edgar P.
McDougal, 312-574-5791, both of EVEREN Securities
CNOC: http://www.prnewswire.com or fax, 800-758-5804, ext.
121760
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