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The group behind E.F. Hutton Canada Holdings Ltd. aspires to create a business big enough to compete with bank-owned firms such as Royal Bank’s RBC Dominion Securities and Bank of Montreal’s BMO Nesbitt Burns.
The group behind E.F. Hutton Canada Holdings Ltd. aspires to create a business big enough to compete with bank-owned firms such as Royal Bank’s RBC Dominion Securities and Bank of Montreal’s BMO Nesbitt Burns.
(JONATHAN HAYWARD/THE CANADIAN PRESS)

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Blast from the past: E.F. Hutton plans ambitious comeback

BOYD ERMAN

 — The Globe and Mail

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When E.F. Hutton talks again, will Canadians listen? A group of finance veterans is hoping the answer is yes, as they look to bring the long-retired brand back to Canada as part of an ambitious plan to create a new brokerage.

The group behind E.F. Hutton Canada Holdings Ltd. aspires to create a business big enough to compete with bank-owned firms such as Royal Bank’s RBC Dominion Securities and Bank of Montreal’s BMO Nesbitt Burns, but history and the state of the brokerage business are likely to be significant roadblocks.