Equities First Holdings is relocating its Melbourne office to the heart of the city. The new office will better accommodate growing clientele, and be more accessible for clients and associates. The new space also provides room for expansion, according to Managing Director Mitchell Hopwood. The actual location of the office is 287 Collins Street, according to a Newsboost Marketwired press release from November 2016.
Equities First Holdings operates three Australian offices in Sydney, Perth and Melbourne. The company’s other locations include the United Kingdom, Switzerland, Singapore, Hong Kong and Thailand. Its headquarters is in Indianapolis, Indiana, United States of America.
Equities First is a global lender that provides businesses and high net-worth individuals with alternative financing solutions, capital allocation and financial services. The company specializes in stock-based loans that provide liquid, non-purpose capital at better than fair terms. The loans are typically unrestricted, and they are backed by publicly traded stock.
This form of lending benefits sophisticated clients who need to raise capital in a hurry and are not in the best situation to take out a more conventional loan, according to a Yahoo Finance Marketwired article featuring Equity First Holdings. The firm’s founder and CEO, Al Christy, Jr., indicated that stock-based loans have a higher loan-to-value ratio than margin loans, and they offer more certainty with fixed interest rates.
Al Christy, Jr. established Equities First Holdings in 2002. His previous financial career includes commercial and residential mortgage lending at Diversified Financial Group and work as a loan originator at Fidelity Investments. His athletic career includes college sports at Indiana University in Bloomington, Indiana, and minor-league baseball for the New York Yankees.