JWTT

What JWTT does

JWTT Inc. is a privately held, FINRA- and SIPC-member investment bank and broker-dealer headquartered in Portland, Oregon, with a secondary office in Bend, Oregon and a newly opened Jacksonville, Florida office as of April 2026. The firm is a subsidiary of Paulson Capital Holding Company, LLC and was founded by Joey Warmenhoven (CEO) and Tom Thiel, both of whom bring more than 35 years of combined experience making markets in and advising community banks. JWTT specializes in the U.S. community banking sector, making markets in over 500 financial issuers on OTC and NASDAQ markets and offering investment-banking services such as private offerings, mutual thrift conversions, and OTCQX market sponsorships. It also serves high net worth individuals through a clearing relationship with Apex Clearing Corporation, offering IRA and brokerage accounts that can hold physical and illiquid community-bank shares.

The company's core product set spans four service lines: Individual Investors (wealth preservation via community-bank equities), Market Making (a proprietary trading desk quoting OTC and NASDAQ community-bank stocks), Corporate Services (stock repurchase plans, 10b5-1 plans, 144 filings, restricted-stock processing, cashless stock-option exercises, dividend reinvestment, DTC eligibility, and 15c2-11 filings), and Investment Banking (capital raising and deal structuring for financial companies). Underlying infrastructure is composed of Bloomberg Professional terminals, FlexTrade execution and dark-pool access, OTC Markets connectivity, and Apex Clearing for custody and clearing, enabling block-trade execution in illiquid small-cap bank names.

JWTT monetizes primarily through transactional revenue: bid-ask spreads on its market-making book, deal fees on capital-raise and conversion mandates, and commissions/fees on brokerage accounts. The go-to-market is relationship-driven, targeting community-bank boards and shareholders directly while sourcing institutional liquidity from a network of hedge funds, RIAs, trust companies, broker-dealers, and high net worth individuals. With stated headcount in the 1-10 band and a customer-asset base above $500M held through its clearing partner, JWTT operates as a focused boutique whose scale is constrained by the deliberately narrow community-banking vertical.

Name

JWTT

Legal name

JWTT Inc.

Website

https://jwttinc.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

JWTT Inc. is a privately held FINRA/SIPC broker-dealer and investment bank that makes markets in over 500 U.S. community-bank issuers, provides corporate services and capital-raising for financial companies, and serves high net worth investors through Apex Clearing.

Ownership category

akta.pro rank

Product category

Investment Banking & Broker-Dealer Services

NAICS

Investment Banking and Securities Intermediation (52315), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Securities and Commodity Exchanges (523210)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Commodity Contracts Brokers & Dealers (6221), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

In-Game Asset Standards & Infrastructure (NFT items, marketplaces, royalties, asset registries) (FSAPAGAE)

akta.pro secondary industries

NFT Trading, Liquidity & Financialization (AMMs, lending, fractionalization, derivatives) (FSAPAFAG), NFT Commerce, Ticketing & Utility Enablement (token-gated access, memberships, passes, ticketing rails) (FSAPAFAJ)

Keywords

• Investment banking services
• Market making services
• Broker-dealer services
• Community bank stocks
• Capital raising advisory

Headquarters

HQ city

Portland

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Market Making: Commits own capital to create liquidity in small cap financial market, earning spreads on OTC and NASDAQ traded community bank stocks. Revenue generated from bid-ask spreads and trading volume in illiquid issues.
2. Investment Banking: Capital raising services for financial companies, including private offerings, mutual thrift conversions, and OTCQX market sponsorships. Fees earned on deal completion.
3. Corporate Services: Fees for stock repurchase execution, 10b5-1 plan management, restricted stock processing, 144 filings, cashless option exercises, dividend reinvestment, and DTC eligibility services.
4. Brokerage Services: Brokerage services for high net worth individuals through clearing relationship with Apex Clearing Corporation. Revenue from commissions and account fees.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

JWTT Inc. is an investment bank and broker-dealer dedicated to the community banking sector, providing market making in over 500 financial companies on OTC and NASDAQ markets, investment banking and capital raising for financial companies, corporate services (stock repurchase plans, 10b5-1 plans, restricted stock and 144 filings, cashless option exercises, dividend reinvestment, OTCQX sponsorship, DTC eligibility), and wealth management services for high net worth individuals through a clearing relationship with Apex Clearing Corporation.

Product overview

JWTT Inc. is an investment bank and broker-dealer offering a unified suite of financial services focused on the community banking sector. The core offering comprises four main service lines: Individual Investors (wealth management for high net worth individuals), Market Making (proprietary trading desk serving OTC and NASDAQ markets for over 500 financial companies), Corporate Services (stock repurchase plans, 10b5-1 plans, restricted stock/144 filings, cashless exercises, dividend reinvestment, margin, and 15c2-11 filings), and Investment Banking (capital raising for financial companies). These core services are supported by additional offerings including OTCQX Market Sponsorship, DTC Eligibility Services, Block Trading, Mutual Thrift Conversions, and IRA Account servicing. All services leverage JWTT's clearing relationship with Apex Clearing Corporation and utilize trading technologies including Bloomberg and FlexTrade.

Differentiator

Problem solved

Functional benefit

Products and services

• Individual Investors Wealth preservation and expansion services tailored for high net worth individuals, offered through JWTT's clearing relationship with Apex Clearing Corporation, including IRA accounts (Traditional, Roth, SEP) and support for physical and illiquid community bank shares.
• Market Making Dedicated trading desk for the financial sector making markets in over 500 financial companies on OTC and NASDAQ markets nationwide, with access to high net worth individuals, institutional investors, and wire house brokers for block order execution.
• Corporate Services Comprehensive corporate services for corporations, executives, board members, and affiliates including stock repurchase plans, 10b5-1 plans, restricted stock and 144 filings, cashless stock option exercises, dividend reinvestment, stock lending/margin, OTCQX market sponsorship, DTC eligibility services, and 15c2-11 filings.
• Investment Banking Capital raising and advisory services for financial companies, including private offerings, deal structuring, valuation support, and mutual thrift conversions for community banks and other financial institutions.

Quantifiable outcome

• Makes markets in over 500 financial companies on OTC and NASDAQ markets
• +2 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• Apex Clearing CorporationcoreTechnology or IntegrationClearing and custody partner providing brokerage infrastructure. JWTT offers leading products and services through clearing relationship with Apex Clearing Corporation, member FINRA. Provides client login portal and account management.
• BloombergcoreTechnology or IntegrationTrading technology partnership providing Bloomberg Professional terminal access for market data, trading capabilities, and financial information.
• FlexTradecoreTechnology or IntegrationAlgorithmic trading platform providing access to major market centers, dark pools, and algorithms equipped to handle block orders quickly and efficiently.
• OTC MarketscoreTechnology or IntegrationJWTT makes markets in financial companies listed on OTC Markets. As an OTC market participant, JWTT helps community banks distribute shares and increase shareholder liquidity via OTC Market listings.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Keefe, Bruyette & Woods (KBW): KBW is a specialist investment bank and broker-dealer historically dedicated to the financial services sector, particularly banks. It is the most established direct competitor to JWTT in community and mid-cap bank market making, investment banking, and equity research.
• D.A. Davidson Community Bank Services Group: D.A. Davidson operates a dedicated Community Bank Services Group providing market making, investment banking, and corporate services to community banks—directly comparable to JWTT's service lines and target client base. Mike Acampora previously worked at D.A. Davidson.
• Janney Montgomery Scott: Janney acquired FIG Partners in 2019 to scale its community bank coverage group and now operates a focused community bank investment banking and market-making practice. Directly comparable to JWTT's specialist offerings.
• Wedbush Securities: Wedbush's Portland bank market-making desk, built by Joey Warmenhoven, is the historical direct precursor to JWTT. Wedbush continues to provide bank market-making and investment banking services and is a direct competitive peer in the community bank trading space.
• FIG Partners (acquired by Janney): FIG Partners was a specialist community bank broker-dealer and investment bank acquired by Janney in 2019. It was a near-identical competitor to JWTT prior to acquisition and represents the most comparable historical peer in terms of size and business model.
• Advest: Advest operated a community bank-focused brokerage and investment banking practice and produced the Florida Bank Stock Review. Mike Acampora worked at Advest. It is a directly comparable regional community bank specialist peer to JWTT.

Broad incumbents

• R.W. Baird: R.W. Baird acquired Williams Securities in 1991 and McAdams Wright Ragen in 2014, both community bank specialist firms, and now operates a sizable community bank investment banking practice. A larger incumbent competing for the same mandates as JWTT.
• Raymond James: Raymond James operates a large community bank investment banking and equity research group and is where Mike Acampora began his community bank-focused career. As a broad incumbent with significantly greater scale, it competes with JWTT for community bank capital-raising mandates.
• Piper Sandler: Piper Sandler is a large diversified investment bank with a financial services group that covers community and mid-cap banks. It competes with JWTT for community bank equity capital markets and advisory mandates as a larger-scale incumbent.
• Stephens Inc. Stephens is a privately held investment bank with a long-standing community and mid-cap bank investment banking and equity research practice. It is a larger incumbent peer with overlapping client coverage of regional and community banks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jwtt-inc

Compliance2 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 JWTT