Roosevelt & Cross

The roots of our firm reach back over two hundred years. Roosevelt & Son, our predecessor, was founded in 1797 as a hardware and plate glass merchandising company. It developed over time into a banking concern with the railroad and communications investments. By the early 1900s, Roosevelt & Son was a well known financial firm with a growing presence in the municipal securities market. Those municipal securities operations were moved into a separate corporate entity, Roosevelt & Weigold, following the separation of commercial and investment banking by the Glass-Steagall Act of 1933. Archibald Roosevelt (son of President Theodore Roosevelt) carried on that business during the late 1930s but suspended operations when he entered military service in World War II