Detwiler, Mitchell & Co. (DMCD.PK)

Detwiler, Mitchell & Co., through its subsidiaries, provides financial services to institutional and individual investors primarily in the United States. The company offers institutional channel research and wealth management/investment brokerage services for high net worth individuals. It also provides various financial services, including financial planning assistance, estate planning, and customer service to various business owners. In addition, Detwiler Mitchell & Co. offers annuity and mutual fund products to the clients of financial institutions; and insurance services to independent and retail financial advisors, stockbrokers, and insurance agents. The company was founded in 1983 and is headquartered in Boston, Massachusetts.

Detwiler, Mitchell & Co. is a New England firm whose activities include institutional and retail securities brokerage, trading as a market maker, underwriting of securities, merger and acquisition activities and advisory services. For the 6 months ended 6/30/05, revenues fell 8% to $6.5M. Net loss totaled $230K vs. an income of $214K. Results reflect lower commission revenues and depressed operating margins.