W.J. Bradley Mortgage Capital LLC, a Colorado-based mortgage banking firm, has acquired W.J. Bradley Investment Banking/Capital Markets, an SEC-registered broker-dealer.
As a wholly owned subsidiary, the company's new broker-dealer will operate under the name W.J. Bradley Financial Services LLC (WJBFS).
‘Through WJBFS, we add new levels of efficiency to our mortgage operation and best position the firm to take advantage of coming opportunities in the market,’ says William J. Bradley, founder and CEO of W.J. Bradley. ‘As the mortgage landscape and capital markets climate continue to evolve, we must remain agile. From a competitive perspective, a dedicated broker-dealer gives us a material strategic advantage.’
W.J. Bradley has appointed industry veteran Kent Usellas president of WJBFS. He most recently served as managing director of Banc of Manhattan Capital. Earlier in his career, Usell served as senior vice president of ARM trading for Countrywide Securities Corp.