Edward Francis Hutton’s early life
Edward Francis Hutton was born on 7 September 1875 in New York. He was an American financier and co-founder of E. F Hutton & Co. It was one of the largest financial firms in the United States. He was the son of James Laws Hutton. His father worked in a farm. He has two siblings, Grace Hutton and Franklin Laws Hutton.
His father died when Edward was only ten years old. Edward Francis Hutton’s mother took care of him after his father’s death. Hutton attended the New York Latin School before transferring to P.S. 69. During his adolescence, he worked in a gear factory at age fifteen and then two years later in the mailroom of a securities firm.
He completed his studies at Trinity Chapel High School and Packer’s Business College. He was inactive on social media platforms like Instagram, Facebook, and Twitter. We do not have any information about his early life and education. Here we will discuss his successful career and personal life.
Edward Francis Hutton’s successful career
He has a successful career in business. In 1904, Hutton and his brother Franklin Lwas Hutton founded the American stock brokerage firm E.F Hutton & Co. Under their leadership, it became one of the most respected financial firms in the United States and for several decades was the second-largest brokerage firm in the United States. E.F. Hutton merged in 1988 with Shearson Lehman/ American Express.
Edward Francis Hutton’s personal life
He married his first wife Blanch Horton (December 6, 1878–December 18, 1917) on October 9, 1900. She was the daughter of investment banker Henry Lawrence Horton.
She died in the early days of the 1918 Spanish Flu Pandemic. Blanch and Edward had one son: Halcourt Horton Hutton. He married his second wife, Marjorie Merriweather Postin 1920. She was actively involved in identifying companies for acquisition which complemented General Foods.
Edward was active in arranging the financing for the acquisitions. During their marriage, they built Mar-a-Lago in Palm Beach and also commissioned the largest privately owned seagoing yacht of the era, the Hussar V, which is best known as the Sea Cloud. The Huttons divorced in 1935 after evidence of Edward’s affairs with other women became known to Marjorie.
In February 1936, at age 60, he married 28-year-old Dorothy Dear Metzger, who had divorced her husband, Homer, the previous October. Edward met Dorothy through Marjorie’s daughter Adelaide, who had invited Dorothy and her husband to spend a weekend with her and other friends at Hillwood. E.F. Hutton had a passion for yachting and sport fishing and had numerous private yachts built throughout his lifetime.
Except for Lady Baltimore, he would always name them Hussar. He always supported his family and lived a happy life with his family. His family always loved him. Hutton died on July 11, 1962, in Old Westbury, New York. Hutton is buried in Locust Valley Cemetery, New York.
