Dean G. Witter
|Dean G. Witter|
|Born||August 2, 1887
|Education||University of California, Berkeley (1909)|
|Occupation||Investment banking, Stockbroker|
|Years active||1914 - 1969|
|Known for||Founder of Dean Witter Reynolds|
Dean G. Witter (August 2, 1887 in Wausau, Wisconsin – May 1969 in San Francisco, California) was an American businessman, stockbroker, and investor who co-founded Dean Witter & Company, which became the largest investment house on the West Coast.
Witter's family had moved to Northern California from Wausau, Wisconsin, settling in San Carlos, California in 1891. Witter graduated from the University of California, Berkeley in 1909. At Berkeley, Witter distinguished himself for rowing. Upon graduation, Witter worked as a salesman for Louis Sloss & Company.
In 1914, Witter partnered with Charles R. Blyth to found Blyth, Witter & Co., a San Francisco-based brokerage. Witter left the partnership to found his own company, Dean Witter & Company, in 1924. With its original offices at 45 Montgomery Street in San Francisco, California, Dean Witter would be among the largest West Coast brokerage firms in the U.S. Among Witter's original partners were his brother Guy and their cousins Jean C. Witter and Ed Witter as well as Fritz Janney.
In its early years, Dean Witter focused on dealing in municipal and corporate bonds. The company was highly successful in its first five years, purchasing a seat on the San Francisco Stock Exchange in 1928 and then opening an office in New York and purchasing a seat on the New York Stock Exchange in 1929. Although a relatively young company, Dean Witter survived Wall Street Crash of 1929 and the Great Depression, posting profits every year during the 1930s and into the 1940s. Dean Witter would lead his company until his death in 1969.
Dean Witter's nephew is Dean Witter who founded Witter Coins in the famous Hobart Building in San Francisco's financial district in 1960. He became a nationally recognized and trusted coin dealer until his retirement in 2016.
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