D.A. Davidson Continues Equity Capital Markets Expansion, Announces Records for 2018

Momentum Includes Launch of European Investment Banking Partnership,
Addition of Experienced Equities Professionals and Senior Research
Analysts

PORTLAND, Ore.–(BUSINESS WIRE)–#DADavidson—D.A.
Davidson & Co. announced today record growth and expansion of
the Equity
Capital Markets division in fiscal year 2018. In addition to nearly
doubling revenue year over year, the team completed a multitude of
high-profile investment banking transactions, significantly increased
its research presence in core verticals, grew offices in New York,
Chicago, Costa Mesa and Portland, Oregon, and completed a transatlantic
strategic partnership with a European M&A advisory firm. The firm also
made a significant investment in personnel, growing its headcount by
more than 10 percent across investment banking, sales, trading and
research.

“As a firm, we are focused on providing our corporate and institutional
investor clients deep expertise coupled with exceptional service,” said Monte
Giese, President of Equity Capital Markets for D.A. Davidson. “We
pride ourselves on having professionals whose experience aligns with our
firm’s focus on culture, ideas and superior execution. We do things the
right way over the long term.”

Investment Banking

The Investment Banking group reported a record year, completing
92 transactions with an aggregate transaction value of $6.8 billion.
With the addition of new professionals, the group grew to 68 investment
bankers, including 28 senior partners. The group achieved strong
penetration in a number of verticals, including Financial Institutions,
where D.A. Davidson ranks among the top five nationally in advisory, as
well as Consumer and Technology. In addition, the group launched a
transatlantic strategic partnership, D.A. Davidson MCF International,
with MCF Corporate Finance, a leading European M&A advisory firm,
bringing together 120 investment banking professionals in 13 offices
across the United States and Europe.

Sales and Trading

The Sales and Trading group continued to expand its coverage of U.S.
institutional accounts. The firm promoted Kevin Clausen to serve
as Head of Institutional Sales. The firm also announced the hiring of Brian
Fitzgerald and Keith Fowler, managing directors in
Institutional Sales, as well as Mark Aquilino, a managing
director in Sales Trading. Institutional equity revenue rose more than
30 percent year over year.

Equity Research

In Equity Research, D.A. Davidson grew its Technology team with
the hiring of Rishi Jaluria and Tom White, who are focused
on software and internet services, respectively. Matt Summerville
was hired to add industrial technology coverage to the firm’s already
deep Industrial expertise and John Morris joined the firm to
provide analysis of apparel and footwear brands and retailers as part of
the Consumer team. They join an award-winning group that averages over
20 years of experience per senior analyst and covers nearly 400
companies.

About D.A. Davidson Equity Capital Markets

D.A.
Davidson’s Equity Capital Markets group provides capital markets
services and products that include investment banking, institutional
sales, trading, research and corporate services. The firm’s
industry-driven research team offers award-winning research and is
supported by a dedicated group of sales and trading professionals.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm
offering a range of financial services and advice to individuals,
corporations, institutions and municipalities nationwide. Founded in
1935 and headquartered in Montana, with corporate offices in Denver, Los
Angeles, Portland and Seattle, the company has approximately 1,350
employees and offices in 25 states.

Subsidiaries include: D.A. Davidson & Co., the largest full-service
investment firm headquartered in the Northwest, providing wealth
management, investment banking, equity and fixed income capital markets
services and advice; Davidson Investment Advisors, a professional asset
management firm; D.A. Davidson Trust Company, a trust and wealth
management company; and Davidson Fixed Income Management, a registered
investment adviser providing fixed income portfolio and advisory
services.

For more information, visit www.dadavidson.com,
Twitter @DADavidsonCo
or LinkedIn.

Contacts

Katherine Fox
Prosek for D.A. Davidson
(646) 818-9010
kfox@prosek.com
or
Jacquie
Burchard
D.A. Davidson
Office: (406) 791-7465
Cell: (406)
868-1392
jburchard@dadco.com