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Helbert, Wagg & Co. 1848–1962

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Abstract

Helbert, Wagg & Co. was formed in 1848 by two London stockbrokers, John Helbert and his nephew John Wagg. For sixty-four years it conducted business as a firm of stockbrokers but this came to an end in 1912 with the resignation of the partners from membership of the London Stock Exchange Since the 1860s it had been active in the issuing and underwriting of securities and it was on this activity that the partners focused after 1912. Firms such as Schroders, Barings and Rothschilds combined issuing and underwriting with acceptance business, and were called accepting houses or merchant banks on account of the latter activity. Helbert, Wagg, like other firms which conducted issuing and underwriting but which did not have an acceptance activity, was known as an ‘issuing house’.

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© 1992 J. Henry Schroder Wagg & Co. Ltd

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Roberts, R. (1992). Helbert, Wagg & Co. 1848–1962. In: Schroders. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-09650-3_12

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