What R.F. Lafferty & Co. Inc. does

R.F. Lafferty & Co. Inc. is a private, family-owned broker-dealer and investment bank founded in 1946 and headquartered at 40 Wall Street, New York. The firm operates a full-service capital markets platform spanning Wealth Management, Investment Banking, Capital Markets, Institutional Sales, Market Making, and Research. Its customer base is hybrid: emerging growth public and private companies seeking capital markets access (for IPOs, follow-on offerings, private placements, at-the-market offerings, Reg A+ offerings, and debt facilities), high-net-worth individuals and family offices, and institutional investors requiring execution, market making, and research coverage.

Underlying infrastructure is provided by third-party clearing and custody platforms — Pershing LLC (custody and execution) and RBC Correspondent Services via a 20-year clearing and custody partnership — rather than proprietary technology build. The firm facilitates distributions directly to institutional investors and increasingly uses industry conferences (NIBA Diamond Sponsor, DealFlow Discovery) as a primary go-to-market and deal-sourcing channel. Notable mandates surfaced in the data include a $200M ATM for DFDV (sole sales agent), $75M Reg A IPO for Newsmax (book runner), $63.5M in private securities transactions brokered in Q1 2026 including SpaceX and xAI, and a $59.8M upsized IPO for Silver Bow Mining Corp.

Revenue is generated primarily through four transaction-driven streams — investment banking fees (underwriting and placement), market making, institutional sales commissions, and recurring wealth management advisory fees — with deal-specific pricing negotiated by role and transaction size. R.F. Lafferty is FINRA-, SIPC-, and MSRB-registered, with regulatory disclosures (SEC Rule 605/606) reflecting its market-making and order-routing activities. The firm is mid-size (101-250 employees) and has remained family-owned through approximately 80 years of operation, with no disclosed institutional or private equity ownership and no disclosed funding rounds.

Name

R.F. Lafferty & Co. Inc.

Legal name

R.F. Lafferty & Co., Inc.

Website

https://rflafferty.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

R.F. Lafferty & Co. Inc. is a private, family-owned broker-dealer and investment bank founded in 1946, providing wealth management, investment banking, capital markets, institutional sales, market making, and research services to emerging growth companies and institutional investors.

Ownership category

akta.pro rank

Product category

Broker-Dealer & Investment Banking Services

NAICS

Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Broker-dealer services
• Investment banking
• Wealth management
• Capital markets underwriting
• Institutional equity sales

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Investment Banking Fees: Revenue from acting as underwriter, book-running manager, placement agent, and syndicate member for IPOs, follow-on offerings, private placements, convertible notes, and at-the-market offerings. Roles include sole book-runner, co-manager, exclusive placement agent, and soliciting dealer across various deal structures.
2. Market Making: Market making services generating revenue from securities trading and liquidity provision
3. Institutional Sales Commissions: Revenue from executing trades and providing research coverage for institutional clients
4. Wealth Management: Wealth management services including financial planning, investment advisory, and portfolio management for individual and institutional clients

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

R.F. Lafferty & Co., Inc. is a full-service broker-dealer and investment bank providing Wealth Management, Investment Banking, Capital Markets, Institutional Sales, Market Making, and Research services. The firm acts as underwriter, book-running manager, and placement agent for IPOs, follow-on offerings, private placements, at-the-market offerings, and debt facilities, primarily serving emerging growth companies, institutional investors, and high-net-worth individuals. It operates as an Introducing Broker-Dealer on the Pershing LLC platform with clearing and custody provided by RBC Correspondent Services.

Product overview

R.F. Lafferty & Co. Inc. operates as a full-service broker-dealer and investment bank offering a unified suite of financial services. The company provides six core service lines: Wealth Management, Investment Banking, Capital Markets, Institutional Sales, Market Making, and Research. These services are supported by advanced technology platforms and professional expertise. The firm operates on the Pershing LLC platform and RBC Correspondent Services, facilitating client account management and clearing services. The company has a 75+ year history as a family-owned business and has facilitated billions in capital markets transactions including IPOs, follow-on offerings, at-the-market offerings, and private placements for companies across various sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Management Comprehensive wealth management services for individual clients and family offices, including investment management, financial planning, and portfolio advisory. Delivered with personal attention under the firm's broker-dealer platform at Pershing LLC and RBC Correspondent Services.
• Investment Banking Investment banking advisory and capital raising services for public and private companies, including IPOs, follow-on offerings, private placements, convertible notes, at-the-market offerings, and debt facilities. The firm acts as sole book-runner, co-manager, syndicate member, and placement agent with a dedicated Co-Heads of Investment Banking structure.
• Capital Markets Capital markets services facilitating equity and debt capital raising activities for public and private companies across deal sizes ranging from under $5 million to over $100 million.
• Institutional Sales Sales desk connecting institutional investors with investment opportunities including IPOs, secondary offerings, and private securities transactions. Revenue is generated from executing trades and providing research coverage for institutional clients.
• Market Making Market making services providing liquidity and execution support for securities trading, with disclosures published under SEC Rule 605.
• Research Equity research services providing market analysis and investment insights to institutional clients to support informed investment decision-making.

Quantifiable outcome

• $63.5 million brokered in private securities transactions in Q1 2026
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core, flagship and minor.

• RBC Clearing & CustodycoreChannel Partner/ Reseller/ Distributor · 5 May 202620-year partnership with RBC Clearing & Custody for clearing and custody services. The longstanding collaboration underscores shared commitment to service, innovation, and client success. R.F. Lafferty operates as an Introducing Broker Dealer on the RBC Correspondent Services platform.
• Pershing LLCcoreChannel Partner/ Reseller/ DistributorR.F. Lafferty operates as an Introducing Broker Dealer on the Pershing LLC platform, providing best-in-class custody and execution services for clients.
• National Investment Banking Association (NIBA)flagshipGTM or Marketing PartnerDiamond Sponsor of NIBA's 152nd Investment Conference scheduled for March 11-12, 2026 in Fort Lauderdale, Florida. COO Robert Hackel participates in welcome panel titled 'The New Capital Formation Playbook: Navigating Listing Changes and Unlocking Alternative Paths to Market.'
• DealFlow Discovery ConferenceminorGTM or Marketing PartnerSponsor of the DealFlow Discovery Conference, a premier event focused on connecting innovative growth companies with institutional and accredited investors, held January 28-29, 2026 in Atlantic City.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Maxim Group: Boutique broker-dealer and investment bank specializing in small-cap and micro-cap equity offerings, IPOs, and wealth management. Directly comparable in deal size range, target issuer segment, and full-service platform offering.
• EF Hutton: Boutique investment bank and broker-dealer offering equity capital markets, M&A advisory, and wealth management. Highly comparable in service breadth, target client base, and positioning as a relationship-driven boutique.
• Benchmark Company: Boutique broker-dealer and investment bank focused on small-cap and micro-cap IPOs, corporate advisory, and institutional research. Directly comparable in service mix and target issuer segment.
• Roth Capital Partners: Closely comparable boutique investment bank and broker-dealer focused on small-cap and emerging growth IPOs, follow-on offerings, and research coverage. Operates a similar full-service model with capital markets, wealth management, and institutional sales, and serves overlapping issuer profile.
• Aegis Capital Corp. Small boutique broker-dealer and investment bank focused on emerging growth and micro-cap IPOs, follow-ons, and private placements. Directly comparable business model and client profile.
• ThinkEquity: Boutique investment bank focused on IPOs, follow-ons, and capital raises for emerging growth companies. Highly comparable in deal size range, target client base, and underwriter positioning.
• Westpark Capital: Boutique broker-dealer and investment bank providing IPO underwriting, follow-on offerings, and private placements to emerging growth companies. Comparable size, target issuer profile, and service mix.

Broad incumbents

• Oppenheimer & Co. Large full-service broker-dealer and investment bank offering wealth management, capital markets, institutional sales, market making, and research. Mirrors R.F. Lafferty's full-service platform structure at significantly greater scale.
• B. Riley Financial: Public full-service broker-dealer and investment bank with capital markets, wealth management, and research. Comparable in offering breadth but materially larger, making it an established incumbent reference point.
• Ladenburg Thalmann: Larger diversified broker-dealer and investment bank with wealth management, capital markets, and institutional services. Operates a similar full-service platform but at greater scale and broader scope, making it a relevant benchmark rather than direct head-to-head competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about R.F. Lafferty & Co. Inc.