BNET Industries

Last Fiscal Year Sales:$750.0K
  • Private
  • US
Dow Jones Description

Founded in 1999, Advanced Equities Financial Corporation is a privately held financial services company that owns and operates companies that specialize in two sectors of the industry: investment banking and retail brokerage.

CEO and Co-Founder
Dwight Badger
Number of Employees 34
Contact Information

311 S Wacker Dr Ste 1650

Chicago, Illinois 60606

www.advancedequ...

1 312 377 5300

NAICS Code Securities Brokerage: 523120

News & Analysis

advanced equities inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Dwight Badger CEO and Co-Founder
Keith Daubenspeck Chief Executive Officer
Byron Crowe President
Craig E Columbus President
Robert S Holcomb President
Mark Dransfield Chief Growth and Productivity Officer
Matt Reynolds Chief Operating Officer, Chief Compliance Officer
Thomas R Samuelson Chief Investment Officer
Chris Pravecek Executive Vice President
David E Schmidt Special Counsel & Executive Vice President of Investment Banking
Jayme Kurtyka Senior Vice President of Investment Banking
Mark Finckle Senior Vice President of Investment Banking
Peter S McDonnell Senior Vice President of Investment Banking
Michael A Nichols Vice President of Marketing
Tyler V. Engh Vice President, Venture Capital Division
Brian O'Keefe Managing Director of Investment Banking
Joseph Dempsey Managing Director of Investment Banking
Michael F Marderosian Managing Director, Independent Brokerage Group
Randy Grudzinski Senior Managing Director, Alliance Program
D Shawn Rogers Executive Vice President, National Sales Director
Brian D Wright Co-Portfolio Manager
Eitan Boral Assistant Portfolio Manager for Advanced Equities Asset Management
Frank G Mazzola Senior Managing Director, Sales Manager
James Lynch Senior Vice President, Branch Manager
Jeffrey J Mindlin Advanced Equities Asset Management's Managing Director and Co-Portfolio Manager
Lon J Gerber Co-Portfolio Manager
Adam Antoniades
Edward Anderson General Counsel
Erhard R Chorle
Gordon Fallone
Gregg S Glaser
Larry Pesavento Exclusive Trading Consultant
RICK A JAYE Advisor
Robert G Thurlow
Silas I Harrington
Steve Krameisen
Bob Dods Director

Board of Directors

Name (plus bio) Position
Frank Campanale Chairman and CEO, Advanced Equities Wealth Management
Joel E Marks Vice Chairman and Coo
Andy Betz Board of Directors
George M. Middlemas Board of Directors
Jon Vosicky Board of Directors
Lon Chow Board of Directors
Robert Haveman Board of Directors
Ronald Piasecki Board of Directors

Organization Position Status
Advanced Equities, Inc. CEO and Co-Founder Current
Advanced Equities, Inc. Director Current
Advanced Equities, Inc. President Former
La Salle Street Securities Managing Director of Institutional Sales Former
LaSalle, Inc. Former

Organization Position Status
Advanced Equities, Inc. Chairman and CEO, Advanced Equities Wealth Management Current
Vestmark, Inc. Board of Directors Current
Financeware, Inc. Board of Directors Current
Wealth Care LLC Board of Directors Current

Mr. Daubenspeck has served as Chairman of Advanced Equities since its inception in 1999. A Prior to his involvement with the Company, Mr. Daubenspeck served as Executive Vice President for Madison Securities, a company he co-founded in 1995.A A Mr. Daubenspeck was a Senior Vice President in the investment banking division of Stifel Nicolaus from 1992 a " 1994.A Mr. Daubenspeck is also a General Partner of Innovative Technology Partners, a late-stage venture capital fund based in Chicago, Illinois.

Organization Position Status
Advanced Equities, Inc. Chief Executive Officer Current
Advanced Equities, Inc. Chairman and Co-Founder Current

Organization Position Status
Advanced Equities, Inc. President Current
Capital Markets Group, Inc Co-Founder Former
La Salle Street Securities Former

Craig E. Columbus serves as President of Advanced Equities Asset Management (AEAM), managing day-to-day operations of Advanced Equities' captive money management subsidiary. In this capacity, Mr. Columbus is responsible for the portfolio management team and its efforts, including portfolio selection, trading, execution, proprietary money management and product development. Mr. Columbus was previously the Chief Market Strategist for Thomson Financial, a leading provider of information and technology solutions to the worldwide financial community. During this time, he became one of Wall Street's most recognizable figures, appearing each Monday on CNBC's Power Lunch program for seven years. He is currently a regular guest on CNBC's Kudlow & Company, where he discusses market events and trends afternoons at 5:00 p.m. EST. Mr. Columbus is a graduate of Loyola University, holds an MBA degree from Penn State University and a law degree from Indiana University. He was previously a candidate for the United States House of Representatives.

Organization Position Status
Advanced Equities Asset Management President Current
Advanced Equities, Inc. President Current
Advanced Equities, Inc. Chief Market Strategist Former
Loyola University Former

Organization Position Status
Advanced Equities, Inc. President Current
Datastream Inc. Founder Former

Organization Position Status
Advanced Equities, Inc. Vice Chairman and Coo Current

Organization Position Status
Advanced Equities, Inc. Chief Growth and Productivity Officer Current

Organization Position Status
Advanced Equities, Inc. Chief Operating Officer, Chief Compliance Officer Current
Robert Morris College Degree In Accounting Former

Organization Position Status
Advanced Equities Asset Management Chief Investment Officer Current
Advanced Equities, Inc. Chief Investment Officer Current
Geronimo Partners Portfolio Manager Former
Duff and Phelps, LLC High, Yield Bond Analyst Former
The University of Tulsa MBA Former
The University of Tulsa BS In Engineering Former

Mr. Pravecek has served as Executive Vice President and General Counsel since 2001. From 1995 to 2001 Mr. Pravecek was Managing Director of Corporate Finance and General Counsel for Madison Securities, Inc., a Chicago based broker-dealer. Mr. Pravecek was admitted to the Illinois Bar and received his J.D. from The John Marshall Law School in 1995. Mr. Pravecek received his B.S. in Accounting from Kansas State University in 1986.

Organization Position Status
Advanced Equities, Inc. Executive Vice President Current
The John Marshall Law School J.D. Former
Kansas State University B.S. In Accounting Former

Organization Position Status
Advanced Equities, Inc. Special Counsel & Executive Vice President of Investment Banking Current
Loyola University Chicago School of Law Juris Doctor Degree Former
Loyola University Chicago School of Law Degree Former
Medill School of Journalism at Northwestern University Former

Organization Position Status
Advanced Equities, Inc. Senior Vice President of Investment Banking Current
Advanced Equities, Inc. Managing Director of Investment Banking Current
Oppenheimer & Co. Inc. Portfolio Manager Former
Chicago-Kent College of Law J.D. Former
Chicago-Kent College of Law Degree Former
Michigan State University Former

Organization Position Status
Advanced Equities, Inc. Senior Vice President of Investment Banking Current
Advanced Equities, Inc. Managing Director, Investment Banking Current
Kellogg School of Management at Northwestern University MBA Degree Former

Organization Position Status
Advanced Equities, Inc. Senior Vice President of Investment Banking Current
Advanced Equities, Inc. Managing Director of Investment Banking Current
McDonnell & Company Founder Former
Georgetown University Bachelor of Science Degree Former

Organization Position Status
Advanced Equities, Inc. Vice President of Marketing Current
LP Imaging, Inc. Director of Product Marketing Former
The Greenbook Former
Kansas State University BA Degree Former

Organization Position Status
Advanced Equities, Inc. Vice President, Venture Capital Division Current
Fifth Third Bancorp Customer Service Teller Former
Prairie Capital Advisors, Inc. Analyst Former
Northern Illinois University Intern Former
Northern Illinois University Bachelors of Science in Finance Former

Organization Position Status
Advanced Equities, Inc. Managing Director of Investment Banking Current
University of Chicago MBA In Finance and Economics Former
Marquette University Bachelor of Science Degree In Biomechanics Former

Organization Position Status
Advanced Equities, Inc. Managing Director of Investment Banking Current
Dartmouth College Undergraduate Degree Former

Organization Position Status
Advanced Equities, Inc. Managing Director, Independent Brokerage Group Current
CIBC Oppenheimer Former
Indiana University Bachelor of Science Degree In Computer Information Systems Former

Organization Position Status
Advanced Equities, Inc. Senior Managing Director, Alliance Program Current
Gk Development, Inc. Senior Vice President Former
Kuczmarski and Associates, Inc. Principal Former
Diamond Technology Partners Principal Former
Investlinc Former
The London School of Economics Former
DePauw University Former

Organization Position Status
Advanced Equities, Inc. Executive Vice President, National Sales Director Current
Cellpoint Vice President of Corporate Communications Former

Organization Position Status
Advanced Equities, Inc. Co-Portfolio Manager Current
Advanced Equities Asset Management Head Trader and Co-Portfolio Manager Current
Advanced Equities Asset Management Head Trader Current
Advanced Equities, Inc. Head Trader Current
Pinnacle Investment Advisors, Inc. Trader Former
Boston University Former

Eitan Boral serves as Assistant Portfolio Manager for Advanced Equities Asset Management. Previously, Mr. Boral was an Account Manager with Logical Information Machines (LIM), where he worked with traders and analysts at large financial institutions and hedge funds to implement trading strategies using LIM's market research tools. Mr. Boral graduated from the University or Wisconsin.

Organization Position Status
Advanced Equities, Inc. Assistant Portfolio Manager for Advanced Equities Asset Management Current
Logical Information Machines, Inc. Account Manager Former
University Corp. Former
University of Wisconsin Former

Organization Position Status
Advanced Equities, Inc. Senior Managing Director, Sales Manager Current

Mr. Lynch joined Advanced Equities in March 2007. He is a 20-year veteran of the financial services industry. Most recently he was Executive Vice President and National Sales Manager of US Fiduciary, Inc., a boutique, ultra-high-net-worth-focused investment firm. Prior to that, Mr. Lynch built Bank of America's thriving brokerage division in Chicago, as well as running several offices for Morgan Stanley throughout the Midwest. Mr. Lynch began his career with Dean Witter as a financial advisor.

Organization Position Status
Advanced Equities, Inc. Senior Vice President, Branch Manager Current

Organization Position Status
Advanced Equities, Inc. Advanced Equities Asset Management's Managing Director and Co-Portfolio Manager Current
Advanced Equities Asset Management Managing Director and Co-Portfolio Manager Current
Pinnacle Investment Advisors, Inc. Assistant Portfolio Manager Former
Pinnacle Investment Advisors, Inc. Senior Financial Engineer Former

Organization Position Status
Advanced Equities, Inc. Co-Portfolio Manager Current
Advanced Equities Asset Management Co-Portfolio Manager Current
Citibank Financial Analyst Former
The Pennsylvania State University MBA Degree Former
State University of New York at Binghamton BS In Finance Former

Organization Position Status
Advanced Equities, Inc. Current

Organization Position Status
Advanced Equities, Inc. General Counsel Current

Organization Position Status
Advanced Equities, Inc. Current
The John Marshall Law School J.D. Former
DePaul University B.S. In Commerce Former
The John Marshall Law School Degree Former

Mr. Fallone brings 20 years of private wealth management and private equity investing experience to Advanced Equities, Inc. After starting his career at Merrill Lynch in 1987, Mr. Fallone became the youngest senior managing director at a private wealth management firm and was responsible for the largest wealth management team at the firm. He went on to build out their San Francisco office and bring tremendous success in just three years. Coming out of the crash of 2000, Mr. Fallone and two partners started two early-stage Private Equity/Venture Funds and invested in 14 portfolio companies. It was at this stage that Mr. Fallone made the decision to take on a leadership role in our San Francisco office.

Organization Position Status
Advanced Equities, Inc. Current

Organization Position Status
Advanced Equities, Inc. Current

Organization Position Status
Advanced Equities, Inc. Exclusive Trading Consultant Current
Advanced Equities Asset Management Exclusive Trading Consultant Current
Indiana State University MBA In Finance Former
Indiana State University BS In Pharmaceutical Chemistry Former

Rick A. Jaye serves as Chief Financial Strategist, providing management support and financial planning oversight to the company's Advisor community. His duties also include integrating existing programs into the firm's portfolio of solutions and developing new services and strategies for clients. Previously, Mr. Jaye spent 23 years providing financial services to high-net-worth business owners and health professionals through his affiliation with several national planning and investment advisory organizations. Mr. Jaye serves on the Board of Directors of Doctors Bank, LLC, a bank holding company in Manhattan Beach, CA. He is a registered investment advisor representative and holds a life, health, and variable insurance license. Mr. Jaye earned an economics degree from the University of California, San Diego.

Organization Position Status
Advanced Equities, Inc. Advisor Current
Beach Business Bank Current
University of California, San Diego degree in economics Former
Dartmouth College degree in economics Former

Organization Position Status
Advanced Equities, Inc. Current
McGeorge School of Law, University of the Pacific Jd Former
University of California, Berkeley BA Former

Organization Position Status
Advanced Equities, Inc. Current
University of Washington Degree Former

Organization Position Status
Advanced Equities, Inc. Current

Mr. Betz is a Managing Director with GKM Newport. In this role, he is responsible for due diligence on and management of the firm's fund and co-investment opportunities. Mr. Betz has held operating and advising roles within both the healthcare and technology industries. Prior to joining GKM Newport, Mr. Betz performed due diligence at a growth stage venture capital firm. He also worked in a variety of roles ranging from technical to product development to marketing at InstaMed, a healthcare software firm. As a management consultant at Stockamp & Associates, Mr. Betz advised some of the country's most prestigious healthcare institutions on the technologies and processes required to improve financial stability. Mr. Betz is a graduate of the University of California San Diego; he also holds an MBA from the Marshall School of Business at the University of Southern California where he attended on a Dean's fellowship.

Organization Position Status
Gkm Newport Managing Director Current
Advanced Equities, Inc. Board of Directors Current
Gkm Newport Director Current
Stockamp & Associates, Inc. Management Consultant Former
Instamed Former
University of California, San Diego Former

Organization Position Status
The Hygenic Corporation Non-Executive Chairman Current
Qualitor, Inc. Director Current
Advanced Equities, Inc. Director Current
Baird Asia Limited Board of Directors Current
Granville Baird Capital Partners Limited Board of Directors Current

Organization Position Status
Apex Venture Partners General Partner Current
Pure Cycle Corporation Director of the Company Current
Pure Cycle Corporation Chairman of Compensation Committee Current
Joffrey Ballet Co Board Member Current
Advanced Equities, Inc. Board of Directors Current
Bfg Technologies, Inc. Board of Directors Current
The Pennsylvania State University Director Current
Tut Systems, Inc. Board of Directors Current
Citicorp Venture Capital, Ltd. Vice President Former
AOL LLC Founder Former
Combinenet, Inc. Director Former
Pure Cycle Corporation Board of Directors Former
Vpnet Director Former
Concord Communications, Inc. Director Former
Tut Systems, Inc. Director Former
Harvard Business School Master of Business Administration Former
Harvard University MBA Former
University of Pittsburgh MA Former
The Pennsylvania State University BA Degrees Former
Citicorp Venture Capital, Ltd. Member Former

Organization Position Status
Bfg Technologies, Inc. Chief Financial Officer Current
Advanced Equities, Inc. Board of Directors Current
Comdisco Holding Co. Chief Financial Officer Former
Comdisco Holding Co. Executive Vice President Former

Organization Position Status
Apex Venture Partners General Partner Current
Bellamax, Inc. Director Current
Analyte Media Board of Directors Current
Viewpoints Network, LLC Board of Directors Current
Mei Corporation Board of Directors Current
Advanced Equities, Inc. Board of Directors Current
Austin Logistics Incorporated Director Current
Current Analysis Inc. Board of Directors Current
Mercer Management Consulting, Inc. Partner Former
Mercer Management Consulting, Inc. Management Consultant Former
Pacific Telesis Former
Strategic Planning Associates Former
KnowledgeStorm, Inc. Director Former
Thinque Systems Corp. Director Former
Shoebuy.com Director Former
Xperex Director Former
ICON Solutions Director Former
Placeware, Inc. Director Former
Wharton Graduate School of the University of Pennsylvania MBA Former
University of California, Davis MBA Former
University of California, Davis BA Former

Mr. Haveman is the President and Treasurer for EDP Management, a private family office managing over $1 billion in assets. Mr. Haveman is the former Treasurer of Prince Corp., an automotive parts manufacturer which was acquired by Johnson Controls, Inc. in 1996 for approximately $1.3 billion.

Organization Position Status
Edp Management, Inc President Current
Advanced Equities, Inc. Board of Directors Current
Edp Management, Inc Treasurer Current
Prince Corporation Treasurer Former

Organization Position Status
Avacore Technologies, Inc CEO Current
Sun Communities, Inc. Board Member Current
Advanced Equities, Inc. Board of Directors Current
Horizon Group Inc. CEO Former
Horizon Group Inc. President Former
Aspen Enterprises, Ltd. Co-Founder Former
Aspen Enterprises, Ltd. Executive Former
Kurdziel Industries, Inc. Chairman of the Board of Directors Former
Aspen Enterprises, Ltd. Board Member Former
Horizon Group Inc. Vice Chairman Former
Horizon Group Inc. Board Member Former
Kurdziel Industries, Inc. Board Member Former
Wayne State University Law School Juris Doctor Degree Former
University of Michigan B.A. Degree Former