Don Rice founded Rice Financial Products Company in 1993 as a municipal derivative products boutique. In 1998, the firm made its foray into the municipal bond business with the acquisition of Apex Securities Inc., subsequently acquiring Pryor, Counts & Co.’s municipal finance business in 1999. Until 2006, Rice Financial’s broker-dealer operated independently, co-managing transactions and serving primarily to support Rice’s derivative products business.
Beginning in 2006, Rice dramatically increased its footprint in the municipal bond business by more than doubling its employment, opening new offices nationwide, and hiring a number of professionals with extensive senior managed bond underwriting experience. In April 2007, Rice Financial consolidated its derivatives business and its broker-dealer under the same name: Rice Financial Products Company.
Public finance represents Rice Financial’s only business. The firm was established with the intent to concentrate on municipal finance and remains committed to the industry. We have the technical expertise of some of the most experienced professionals involved in the structuring of municipal financings and the underwriting of municipal debt.
Today, Rice Financial Products Company comprises a parent company, Rice Derivative Holdings, LP, with several wholly-owned subsidiaries, including a broker-dealer (Rice Securities, LLC). Rice Derivative Holdings is fully owned by Don Rice, CEO and founder.