---

Company Profile - Advest Group

90 State House Sq.
Hartford, CT 06103-3702

Phone: 860-509-1000
Fax: 860-509-2028
Website: www.advest.com

Key Facts

Acquired by the MONY Group in 2001.
Key Financial Facts
2001 revenue: $344 million
1-yr. growth rate: -18 percent

Personnel Highlights
Number of employees: 483
1-yr. growth rate: -79 percent

Company Overview
The venerable Advest Group is a financial-service holding company. Its primary subsidiary, Advest Inc., offers brokerage, asset management, and investment-banking services to individuals, corporations, institutions, and municipalities.

The 100-year-old company has approximately 90 offices in 16 states, all of which are located in the Northeast and Midwest. The group also provides investment management via its Boston Advisors subsidiary and real-estate services through Billings & Co.

In 2001, Advest was acquired by The MONY Group, a large financial services holding company with $55 billion in assets under management. Advest has been taking advantage of its new parent’s deep pockets by expanding some of its own subsidiaries. In 2001, Advest acquired Lebenthal & Co., York-based full-service investment firm, specializing in municipal bonds. The following year, subsidiary Boston Advisors acquired a smaller investment advisory firm, Babson-United Investment Advisors, Inc.

Major Line of Business : Financial Services, Investment Banking, Mutual Funds & Brokerage

Send additions, corrections, or comments to: exec@3dnet.org.