Editing EF Hutton (section)

=== 2021 revival ===
The EF Hutton name was once again revived in 2021 as EF Hutton Group, the rebranding for Kingswood Capital Markets, an affiliate of Kingswood Holdings Ltd. and Benchmark Investments LLC. The investment bank acquired the EF Hutton name because of the “incredible legacy of this powerhouse firm that was once synonymous with Wall Street,” said Chief Executive Officer Joseph T. Rallo.<ref>{{Cite news|last=Tan|first=Gillian|title=EF Hutton Name Makes a Comeback|url=https://www.bloomberg.com/news/articles/2021-06-15/ef-hutton-name-makes-a-comeback-as-kingswood-takes-on-rivals|access-date=2021-06-16|newspaper=Bloomberg.com|date=15 June 2021 }}</ref>

Unlike the Campanale and Daniels start-up efforts, the new EF Hutton Group is already a successful firm. Since its founding in May 2020, the former Kingswood Capital Markets has experienced significant growth, raising over $2 billion in capital for its clients in the first 8 months of 2021, and over $3 billion in the last twelve months.<ref>{{Cite web|last=Shriber|first=Todd|title=One of Asset Management's Most Revered Names Reborn as Kingswood Capital Markets Becomes EF Hutton|url=https://www.advisorpedia.com/viewpoints/kingwood-capital-markets-becomes-ef-hutton/|access-date=2021-08-05|website=Advisorpedia|language=en}}</ref>

The EF Hutton Group management team also plans to launch a series of [[Special-purpose acquisition company|SPAC]]s under the EF Hutton brand.<ref>{{Cite news|title=EF Hutton Name Makes a Comeback|url=https://www.bloomberg.com/news/articles/2021-06-15/ef-hutton-name-makes-a-comeback-as-kingswood-takes-on-rivals|url-status=live|access-date=2021-08-05|newspaper=Bloomberg.com|date=15 June 2021 |archive-url=https://web.archive.org/web/20210615121617/https://www.bloomberg.com/news/articles/2021-06-15/ef-hutton-name-makes-a-comeback-as-kingswood-takes-on-rivals |archive-date=2021-06-15 }}</ref>  The first EF Hutton SPAC, led by CEO Ben Piggott and co-presidents Rallo and Boral, is set to raise about $150 million and will target the U.S. consumer technology sector.  Stanley Hutton Rumbough, grandson of Edward Francis Hutton, has the option to invest in and join the board of the firm’s first four special purpose acquisition companies, according to people with knowledge of the matter. EF Hutton’s blank-check companies are yet to publicly file paperwork with the Securities and Exchange Commission.<ref name=":0">{{Cite press release|last=Hutton|first=E. F.|date=2021-06-15|title=EF Hutton is Back: Kingswood Capital Markets to be Renamed as the Prestigious U.S. Bulge Bracket Bank|url=https://www.globenewswire.com/news-release/2021/06/15/2247558/0/en/EF-Hutton-is-Back-Kingswood-Capital-Markets-to-be-Renamed-as-the-Prestigious-U-S-Bulge-Bracket-Bank.html|access-date=2021-08-05|website=GlobeNewswire News Room|language=en}}</ref>