Flaherty and Crumrine is an investment adviser specializing in the management of preferred securities. Founded in 1983, our historic knowledge and dedicated credit research capabilities have allowed us to provide clients with the individualized attention needed to withstand dynamic markets. With an eye towards the long-term, we are committed to helping our clients navigate intricate preferred securities markets. For individuals, we offer a family of five closed-end funds which invest primarily in preferred securities. For institutional accounts, we offer customized preferred securities portfolio strategies to best meet each client's particular investment objectives, risk tolerances, tax position and time horizon.