Flaherty & Crumrine Incorporated Overview
Pro stress-test →Flaherty & Crumrine manages closed-end funds, a mutual fund and actively-managed ETFs comprised of preferred, contingent capital and other income securities. Founded in 1983, the firm leverages historic knowledge and dedicated credit research capabilities to serve income-focused investors.
Strategic Profile
Pro stress-test →The company operates a flagship family of U.S. closed-end preferred stock funds listed on the New York Stock Exchange. It also offers customized investment advisory services to institutional investors—including taxable investors seeking benefits from the dividends received deduction, positioning itself as a specialized manager in the higher-yield preferred and hybrid securities space.
Competitive Landscape
Pro stress-test →Flaherty & Crumrine competes in the closed-end fund and preferred-securities management space against larger diversified asset managers and specialized income-focused competitors. The firm's competitive advantage lies in deep expertise in preferred and contingent capital securities, combined with active fund management and institutional advisory services. Key competitors include Invesco (which offers PFF, the largest preferred-stock ETF), PIMCO, and other CEF managers specializing in income strategies.
Industry Context
Flaherty & Crumrine Incorporated operates in Closed-end fund management and preferred securities investing.
Key facts
Founded: 1983 · Headquarters: Pasadena, US · Employees: Unknown · Revenue: Estimated $200M–$300M (based on flagship CEF family AUM; FFC alone generated $89.34M in fiscal 2025) · Market cap: N/A