SPRINGFIELD, Ohio, Sept. 2, 2016 /PRNewswire/ -- In a clear signal that it is on the side of Main Street investors, EF Hutton America (symbol: HUTN) announced today that it is moving its headquarters to One Main Street in Springfield Ohio. EF Hutton made the move for many reasons including access to a high-quality workforce and to Ohio's well-established infrastructure that supports high tech businesses.
This move follows EF Hutton's announcement that it is launching its new website at 6:00am on Monday, September 26 with a suite of online and mobile financial services. EF Hutton's advanced financial technology ("Fintech") platform consists of automated financial services for clients 24/7 and with customized services.
EF Hutton Tower Dedication Event
EF Hutton's new headquarters building was christened the "EF Hutton Tower" in a ceremony that included many city, state and community leaders. The building is over 150,000 square feet and was designed by Skidmore Owings & Merrill, the same firm that designed the Freedom Tower in NY and the Willis Tower in Chicago (formerly known as the Sears Tower). Among the scheduled speakers: Valentina Isakina of JobsOhio, James Lagos, and Michael McDorman of the Springfield Chamber of Commerce, Warren Copeland, Mayor of the city of Springfield, State Senator Bob Hackett, Congressman Warren Davidson and Lt. Governor of the state of Ohio Mary Taylor. Welcoming EF Hutton to the state and to the city, the speakers highlighted Ohio's fertile environment for business that has succeeded in bringing high quality employers, like EF Hutton, to Ohio. Furthermore, Ohio ranks 5th among all states for financial services and for corporate headquarters.
Noting that the move is a bit of a homecoming, Stanley Hutton Rumbough, Chairman of EF Hutton and grandson of the founder spoke about the Hutton family's roots in Ohio and the little-known fact that many Hutton family members were born in Ohio.
"Establishing in Ohio gives us access to a talented workforce and modern infrastructure that are key to our growth," Hutton said.
Christopher Daniels, CEO described the move to a headquarters on Main Street as a differentiator that should resonate with investors. He also elaborated on the new website that is being launched on September 26. It will offer a range of services to clients using technology to achieve a wider market presence, the market opportunity in digital finance and advantages of a well-known brand like EF Hutton in a B2C operation. Mr. Daniels encouraged people to register at efhutton.com so that they can be the first to see the new website.
"EF Hutton is expanding to be a technology leader in this trillion dollar market," Daniels said.
After the series of speeches, a ribbon cutting ceremony and the raising of the EF Hutton flag marked the official opening of the EF Hutton Tower.
Opportunity in Ohio
Over nearly a year, EF Hutton conducted an extensive multi-state search for a new headquarters location. The firm chose Ohio due to its consistent support for business and its sound economic policies. State and local development teams collaborated to offer, subject to customary conditions, an attractive multi-million dollar economic incentive package in the form of grants, credits and tax-incentives to assist in EF Hutton's expansion.
EF Hutton plans to hire over 400 people in Ohio during the next five years to support its growth. Based on this planned expansion, EF Hutton will occupy office space in a ten story office tower in the center of Springfield Ohio.
EF Hutton has already hired a number of local staff and is looking to add many more. The company is seeking people with computer skills in internet and mobile technologies and skills in marketing and digital media.
About EF Hutton
EF Hutton is a legendary brand in financial services. For 112 years it has been known for its attention to clients. The firm developed many innovative financial products such as the investment advisor "no commission" model. Investors were so keen for EF Hutton advice that the firm developed a famous marketing campaign that touted its advice with the slogan "When EF Hutton Talks, People Listen." EF Hutton provides financial products and services using advanced technology to better serve clients. EF Hutton stock is traded under the symbol HUTN. Learn more at www.efhutton.com
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release that are not historical facts may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
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SOURCE EF Hutton