Fenner & Beane

Fenner & Beane
Company typeAcquired
IndustryFinancial services
PredecessorFenner, Gatling & Beane
Founded1916
FounderCharles Erasmus Fenner
Alpheus Crosby Beane
FateAcquired in 1941 by Merrill Lynch
SuccessorMerrill Lynch, Pierce, Fenner & Beane
Merrill Lynch, Pierce, Fenner & Smith
HeadquartersNew Orleans, Louisiana, United States
ProductsBrokerage, Futures exchange, Commodities

Fenner & Beane was a brokerage firm based in New Orleans, Louisiana. Founded in 1916 as Fenner Gatling & Beane, it was renamed in 1919. The firm was founded by the Beane Brothers, who were New Orleans cotton merchants, to manage their exposure to fluctuations in commodity prices.