SoundView Technology Group
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| Active | |
| Industry | Research, Technology, Investments |
| Fate | Acquired by Charles Schwab in 2003, Reinstated as an independent organization in November 2011 |
| Founded | 1977 |
| Founder | Gideon Gartner |
| Headquarters | Old Greenwich, Connecticut, United States |
Soundview Technology Group (formerly NASDAQ:SNDV) was an American technology-focused securities and investment banking firm known primarily for its equity research on technology and other growth oriented companies. The company was acquired by Charles Schwab in 2003.
Soundview was unique in that it combined accepted Wall Street research and distribution methods, with the intimate (albeit "arms length") relationship with Gartner analysts, and arguably became the leading technology research boutique on Wall Street.
SoundView was based in Old Greenwich, Connecticut.
In 1977, Gideon Gartner initiated a financial service for Gartner Group via a partnership with Dillon, Read & Co., which distributed its reports and personal services to Dillon, Read & Co. investment client organizations. Gartner Group severed the Dillon Read relationship and became an independent broker-dealer in 1984, Gartner Securities Corp.
Gartner Securities was spun off to its shareholders just before its first public offering in 1986, providing analysis, investment advice and investment banking services, to institutional investors. The firm changed its name in 1988 to Soundview Technology, when Gartner was acquired by Saatchi & Saatchi.
From 1988 to 1991 the firm remained a small focused brokerage operation with the bulk of their clients being small institutions and hedge funds.
In 1991 the firm hired a senior investment banking executive, Brian Bristol, to begin to build an investment banking practice. Additional analysts were added to grow coverage as the technology sector continued to perform well. By the mid-1990s SoundView was winning mandates as the "research co-manager of choice" on many technology IPOs and secondaries.
During this time trading and sales operations were expanded and upgraded. The client focus shifted from smaller institutional investors to larger "tier 1" firms. The combination of larger institutional clients and an expanding investment banking business provided SoundView with accelerating revenue growth and expanding margins.
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