What SouthState|DuncanWilliams does

SouthState|DuncanWilliams is the combined operating identity of SouthState Securities Corp., a FINRA-registered broker-dealer and SIPC member wholly owned by SouthState Bank, N.A. (SSB), headquartered at 6750 Poplar Ave, Ste 300, Memphis, Tennessee. The firm provides bond sales and trading, strategic solutions (portfolio advisory, peer benchmarking, and market strategy), and public finance services (municipal underwriting and advisory) to institutional customers, primarily regional and community banks served through the SouthState Correspondent platform and other institutional investors. SouthState Securities Debt Capital Markets operates as a non-broker-dealer division of the parent bank, broadening the capital markets offering under the collective "SouthState Securities" brand.

The firm's technology stack is built around two proprietary client portals: Bond Insight (hosted at services.southstatecorrespondent.com) for institutional bond portfolio access and analytics, and the Netx Investor portal (hosted on DuncanWilliams infrastructure at duncanwilliams.netxinvestor.com) for investor account management. Its core intellectual property asset is the quarterly Bond Portfolio Trends research publication, which benchmarks bank bond portfolio performance against peers. Distribution is organized into three divisions (Bond Sales & Trading, Strategic Solutions, and Public Finance) supported by direct institutional sales, an inside sales/phone desk at 901-260-6800, and a channel partner (correspondent banking) motion.

Revenue is generated through a mix of transaction-based fees on bond sales and trading, professional services fees for strategic advisory, and transaction fees on public finance underwriting. Pricing is not publicly disclosed and is negotiated per engagement with institutional customers. The firm employs 51-100 staff, has no independent funding (operating as a subsidiary of a bank holding company), and was founded in 1969. Marketing is conducted through content (market commentary, Bond Portfolio Trends), the Friday Five weekly email newsletter, live events, and a strategy call booking funnel.

Name

SouthState|DuncanWilliams

Legal name

SouthState Securities Corp.

Website

https://southstateduncanwilliams.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

51–100 employees

Short description

SouthState Securities Corp. is a FINRA-registered broker-dealer subsidiary of SouthState Bank, N.A., providing bond sales and trading, strategic solutions, and public finance services to regional banks and institutional investors from Memphis, TN.

Ownership category

akta.pro rank

Product category

Broker-Dealer and Capital Markets Services

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Margin Financing & Stock Loan Brokerage (FSAEACAO)

akta.pro secondary industry

Secondary Offerings & Share Sales (Secondary Placements) (FSACAAAG)

Keywords

• Bond trading services
• Public finance advisory
• Fixed income broker
• Institutional bond sales
• Municipal underwriting

Headquarters

HQ city

Memphis

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

Revenue model

1. Bond Sales & Trading: The company generates revenue through bond sales and trading services, offering securities to institutional customers through SouthState Securities Corp. or SouthState Securities Debt Capital Markets divisions. This is the primary revenue stream from transaction-based broker-dealer services.
2. Strategic Solutions Services: Revenue from strategy consulting and advisory services including portfolio analysis, peer benchmarking, and financial strategy consulting for banks and institutional clients.
3. Public Finance Services: Revenue from public finance activities including underwriting, advisory, and structuring services for municipal and public sector clients.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

SouthState Securities Corp. operates as a FINRA- and SIPC-registered broker-dealer providing institutional bond sales and trading, strategic portfolio advisory with peer benchmarking, and public finance underwriting and advisory services. The firm serves regional and community banks as well as large institutional investors through dedicated divisions (Bond Sales & Trading, Strategic Solutions, and Public Finance), supported by the SouthState Correspondent platform and the Bond Insight and Netx Investor client portals.

Product overview

SouthState Securities operates as a financial services firm offering a platform of bond-related products and services. The core offerings include Bond Sales & Trading for institutional debt securities transactions, Strategy/Strategic Solutions for portfolio advisory and market analysis, and Public Finance for municipal bond services. Client-facing portals include Bond Insight and Netx Investor for customer account access. The firm also provides market insights through publications like the Bond Portfolio Trends report and distributes the Friday Five weekly economic newsletter. All services are offered through SouthState Securities Corp. (FINRA/SIPC registered) and SouthState Securities Debt Capital Markets, a division of SouthState Bank, N.A.

Differentiator

Problem solved

Functional benefit

Products and services

• Bond Sales & Trading Bond trading and sales services for institutional clients, enabling the purchase and sale of debt securities through SouthState Securities Corp. or SouthState Securities Debt Capital Markets divisions.
• Strategy / Strategic Solutions Strategic advisory services including portfolio strategy, market analysis, and peer comparison for banks and institutional clients, delivered through the Strategic Solutions division and supported by the quarterly Bond Portfolio Trends benchmarking publication.
• Public Finance Public finance services including municipal bond underwriting and advisory for government and public-sector entities, delivered through the Public Finance division.

Quantifiable outcome

• Quarterly Bond Portfolio Trends benchmarking providing peer comparison data

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators3 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• Stifel: Mid-market broker-dealer with public finance, fixed income, and institutional equity services. Comparable product breadth and target customer base in the regional bank and municipal space.
• Hilltop Securities: Bank-affiliated broker-dealer (subsidiary of Hilltop Holdings) with a strong public finance and fixed income trading franchise. Highly comparable in business model, customer base, and product mix.
• Robert W. Baird: Diversified broker-dealer with a public finance and fixed income trading business. Comparable in the breadth of capital markets services offered to institutional clients.
• BOK Financial Securities: Broker-dealer subsidiary of BOK Financial Corporation with strong public finance and fixed income trading capabilities. Comparable bank-affiliated structure with overlapping institutional client focus.
• D.A. Davidson: Mid-market broker-dealer with public finance and fixed income capital markets operations. Serves similar regional bank and institutional clients with comparable product offerings.
• Piper Sandler: Mid-market broker-dealer with a significant public finance and fixed income capital markets business, serving a similar institutional client base of regional banks and public entities. Directly comparable in product breadth and target customer profile.
• FHN Financial: Fixed income sales and trading arm of First Horizon Corporation, a regional bank. Directly comparable institutional fixed income broker-dealer serving bank and institutional clients in the Southeast US.
• Raymond James: Diversified financial services firm with a public finance and fixed income capital markets division. Targets similar institutional client segments and offers comparable services.

Broad incumbents

• Wells Fargo Securities: Large incumbent broker-dealer with a major fixed income and public finance franchise. Competes in the same institutional bond market but operates at vastly greater scale with broader capital markets capabilities.
• Truist Securities: Broker-dealer subsidiary of Truist Financial Corporation, a large Southeastern US bank holding company. Overlaps with SouthState Securities in the regional bank bond distribution and public finance space, but operates at significantly larger scale with broader product portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 SouthState|DuncanWilliams