The Nation’s Largest African American Video Oral History Collection Mobile search icon Mobile close search icon
Advanced Biography Search
Mobile navigation icon Close mobile navigation icon

Bernard Beal

Share on Social Media

Information about Bernard Beal

Profile image of Bernard Beal

Profession

Category:
BusinessMakers
Occupation(s):
Investment Banker

Favorites

Favorite Color:
Green
Favorite Food:
Pizza
Favorite Time of Year:
Winter
Favorite Vacation Spot:
Caribbean
Favorite Quote:
It Never Gets Uglier Than The Truth

Birthplace

Born:
2/22/1954
Birth Location:
New York, New York

Profession

Category:
BusinessMakers
Occupation(s):
Investment Banker

Favorites

Favorite Color:
Green
Favorite Food:
Pizza
Favorite Time of Year:
Winter
Favorite Vacation Spot:
Caribbean
Favorite Quote:
It Never Gets Uglier Than The Truth

Birthplace

Born:
2/22/1954
Birth Location:
New York
See how Bernard Beal is related to other HistoryMakers

Biography

Investment banker Bernard Beal was born on February 22, 1954 in New York, New York and raised by his grandparents in the South Bronx. An outstanding student, Beal attended the public schools of the South Bronx and later enrolled in the Wooster School in Danbury, Connecticut through the A Better Chance program. He graduated there with top honors in 1972. Beal went on to attend and graduate from Carleton College in 1976 with his B.A. degree in economics. He also received his M.B.A. degree from Stanford’s Graduate School of Business in 1979.

Upon graduation, Beal began his career on Wall Street as an investment banker with E.F. Hutton & Co. in the tax exempt securities division, where he headed the College and Educational Finance Group and co-founded the Housing Finance Group. Beal then moved on to the corporate finance division, eventually becoming a senior vice president. In 1988, he launched M.R. Beal & Co. in New York City with eight employees and a primary focus on municipal finance. Over the next two decades, M.R. Beal expanded to over forty employees with offices in several cities, including Chicago, Illinois, Dallas, Texas, Walnut Creek, California and Atlanta, Georgia. The firm also expanded its focus to include corporate finance and taxable fixed income securities.

M.R. Beal is the nation's oldest continuously operated minority-owned investment bank and has earned significant recognition, including being cited as one of the “big five” minority-owned investment banks founded in the 1980s. M.R. Beal was also Black Enterprise’s Finance Company of the Year in 2001 and 2011. Beal has been on Black Enterprise’s list of the most notable African Americans on Wall Street in 1992 and 2003.

Beal has served on the boards of the National Foundation for Affordable Housing, the New York Metropolitan Transportation Authority, the Securities Industry and Financial Markets Association, the Public Securities Association, and the National Association of Securities Professionals. He was also board chair of A Better Chance, where he oversaw the successful financial and programmatic turnaround of the organization. Additionally, Beal served as chairman of the SIFMA Foundation of Investor Education, where he ensured the continuation of the funding for the “Stock Market Game” program to foster knowledge and understanding of the financial markets for individuals of all backgrounds.

Beal is married to Valerie Lancaster-Beal, an investment banker who serves as a managing director at M.R. Beal. Their son, Michael, is the head of strategy and finance in a business unit of JP Morgan Chase. Their daughter, Erica, is a lead 7th grade teacher with KIPP DC, a public college preparatory charter school.

Bernard Beal was interviewed by The HistoryMakers on December 10, 2013.

See how Bernard Beal is related to other HistoryMakers
Loading...
Click Here To Explore The Archive Today!
  • Tape: 1 Story: 1 - Slating of Bernard Beal's interview
  • Tape: 1 Story: 2 - Bernard Beal lists his favorites
  • Tape: 1 Story: 3 - Bernard Beal describes his biological parents
  • Tape: 1 Story: 4 - Bernard Beal remembers the family members who raised him
  • Tape: 1 Story: 5 - Bernard Beal describes his maternal grandparents' household
  • Tape: 1 Story: 6 - Bernard Beal talks about his maternal great-grandparents
  • Tape: 1 Story: 7 - Bernard Beal remembers researching his family history
  • Tape: 1 Story: 8 - Bernard Beal describes his earliest childhood memory
  • Tape: 1 Story: 9 - Bernard Beal describes his maternal grandfather's many sources of income
  • Tape: 1 Story: 10 - Bernard Beal recalls lessons from his maternal grandfather, pt. 1
  • Tape: 1 Story: 11 - Bernard Beal recalls lessons from his maternal grandfather, pt. 2
  • Tape: 1 Story: 12 - Bernard Beal remembers his maternal grandfather's death
  • Tape: 1 Story: 13 - Bernard Beal talks about his family's living conditions
  • Tape: 1 Story: 14 - Bernard Beal remembers his family's first home
  • Tape: 2 Story: 1 - Bernard Beal talks about his maternal grandfather's views on public assistance
  • Tape: 2 Story: 2 - Bernard Beal recalls a confrontation with his maternal grandfather
  • Tape: 2 Story: 3 - Bernard Beal describes the sights, sounds and smells of his childhood
  • Tape: 2 Story: 4 - Bernard Beal remembers the Grace Gospel Church in the Bronx, New York
  • Tape: 2 Story: 5 - Bernard Beal talks about his childhood friends
  • Tape: 2 Story: 6 - Bernard Beal recalls meeting General Colin L. Powell
  • Tape: 2 Story: 7 - Bernard Beal remembers the women in his neighborhood
  • Tape: 2 Story: 8 - Bernard Beal remembers the holidays
  • Tape: 2 Story: 9 - Bernard Beal describes his maternal aunt
  • Tape: 2 Story: 10 - Bernard Beal recalls his early challenges in school
  • Tape: 3 Story: 1 - Bernard Beal remembers his early education
  • Tape: 3 Story: 2 - Bernard Beal recalls being bullied by his classmates
  • Tape: 3 Story: 3 - Bernard Beal talks about his corrective eye surgery
  • Tape: 3 Story: 4 - Bernard Beal remembers his favorite subjects
  • Tape: 3 Story: 5 - Bernard Beal remembers his early teachers
  • Tape: 3 Story: 6 - Bernard Beal describes his relationship with his mother
  • Tape: 3 Story: 7 - Bernard Beal describes his teachers at Paul Laurence Dunbar J.H.S. 120 in New York City
  • Tape: 3 Story: 8 - Bernard Beal recalls his decision to apply for the A Better Chance program
  • Tape: 3 Story: 9 - Bernard Beal describes the A Better Chance program
  • Tape: 3 Story: 10 - Bernard Beal recalls preparing to enroll at the Wooster School in Danbury, Connecticut
  • Tape: 4 Story: 1 - Bernard Beal describes his first impressions of the Wooster School in Danbury, Connecticut, pt. 1
  • Tape: 4 Story: 2 - Bernard Beal describes his first impressions of the Wooster School in Danbury, Connecticut, pt. 2
  • Tape: 4 Story: 3 - Bernard Beal recalls his academic challenges at the Wooster School
  • Tape: 4 Story: 4 - Bernard Beal remembers serving as the senior prefect at the Wooster School
  • Tape: 4 Story: 5 - Bernard Beal describes his social status at the Wooster School
  • Tape: 4 Story: 6 - Bernard Beal talks about his proficiency in math
  • Tape: 4 Story: 7 - Bernard Beal remembers his mentors at the Wooster School
  • Tape: 4 Story: 8 - Bernard Beal talks about his summer employment
  • Tape: 5 Story: 1 - Bernard Beal recalls his decision to invest in a Jack in the Box restaurant
  • Tape: 5 Story: 2 - Bernard Beal recalls negotiating his salary at E.F. Hutton and Company
  • Tape: 5 Story: 3 - Bernard Beal describes his college application process
  • Tape: 5 Story: 4 - Bernard Beal recalls being shot during a robbery at the Jack in the Box
  • Tape: 5 Story: 5 - Bernard Beal recalls his business ventures at Carleton College in Northfield, Minnesota
  • Tape: 5 Story: 6 - Bernard Beal describes his transportation service at Carleton College
  • Tape: 5 Story: 7 - Bernard Beal describes his experiences of racism in the Midwest
  • Tape: 5 Story: 8 - Bernard Beal recalls the anti-Semitism at the Wooster School in Danbury, Connecticut
  • Tape: 6 Story: 1 - Bernard Beal talks about his friendship with Gene Saffold and Carol Saffold
  • Tape: 6 Story: 2 - Bernard Beal remembers his roommate at Carleton College, pt. 1
  • Tape: 6 Story: 3 - Bernard Beal remembers his roommate at Carleton College, pt. 2
  • Tape: 6 Story: 4 - Bernard Beal recalls his decision to attend George Washington University Law School in Washington D.C.
  • Tape: 6 Story: 5 - Bernard Beal talks about his focus on marriage and family
  • Tape: 6 Story: 6 - Bernard Beal remembers his classmates at the Stanford Graduate School of Business in Stanford, California
  • Tape: 6 Story: 7 - Bernard Beal recalls developing an interest in investment banking
  • Tape: 6 Story: 8 - Bernard Beal remembers joining the public finance division of E.F. Hutton and Company
  • Tape: 7 Story: 1 - Bernard Beal recalls interviewing at investment banks in New York City
  • Tape: 7 Story: 2 - Bernard Beal talks about his early experiences at E.F. Hutton and Company
  • Tape: 7 Story: 3 - Bernard Beal describes his role at E.F. Hutton and Company
  • Tape: 7 Story: 4 - Bernard Beal recalls his promotions and salary at E.F. Hutton and Company
  • Tape: 7 Story: 5 - Bernard Beal recalls working with T.M. Alexander, Jr.
  • Tape: 7 Story: 6 - Bernard Beal remembers missing his first wedding
  • Tape: 7 Story: 7 - Bernard Beal recalls meeting his wife
  • Tape: 7 Story: 8 - Bernard Beal recalls his decision to marry Valerie Lancaster-Beal
  • Tape: 8 Story: 1 - Bernard Beal talks about E.F. Hutton and Company's competitors
  • Tape: 8 Story: 2 - Bernard Beal recalls working with Reginald F. Lewis
  • Tape: 8 Story: 3 - Bernard Beal remembers founding M.R. Beal and Company
  • Tape: 8 Story: 4 - Bernard Beal remembers Atlanta Mayor Maynard Jackson
  • Tape: 8 Story: 5 - Bernard Beal describes Washington, D.C. Mayor Marion Barry, pt. 1
  • Tape: 8 Story: 6 - Bernard Beal describes Washington, D.C. Mayor Marion Barry, pt. 2
  • Tape: 8 Story: 7 - Bernard Beal talks about the early minority-owned investment firms
  • Tape: 8 Story: 8 - Bernard Beal remembers partnering with Diana L. Taylor
  • Tape: 8 Story: 9 - Bernard Beal describes the downfall of E.F. Hutton and Company
  • Tape: 8 Story: 10 - Bernard Beal recalls his initial challenges at M.R. Beal and Company
  • Tape: 8 Story: 11 - Bernard Beal remembers the success of M.R. Beal and Company
  • Tape: 9 Story: 1 - Bernard Beal talks about the financial crisis of the late 1990s
  • Tape: 9 Story: 2 - Bernard Beal talks about the departure of his business partner, Diana L. Taylor
  • Tape: 9 Story: 3 - Bernard Beal recalls hiring Rauol L. Carroll
  • Tape: 9 Story: 4 - Bernard Beal talks about his failed merger with Maynard Jackson
  • Tape: 9 Story: 5 - Bernard Beal talks about his firm's status as a minority business enterprise
  • Tape: 9 Story: 6 - Bernard Beal recalls developing software for a municipal bond exchange, pt. 1
  • Tape: 9 Story: 7 - Bernard Beal recalls developing software for a municipal bond exchange, pt. 2
  • Tape: 9 Story: 8 - Bernard Beal describes the strengths and limitations of minority investment firms
  • Tape: 10 Story: 1 - Bernard Beal describes his hopes for M.R. Beal and Company
  • Tape: 10 Story: 2 - Bernard Beal reflects upon the legacy of African American investment bankers
  • Tape: 10 Story: 3 - Bernard Beal reflects upon the investment banking industry
  • Tape: 10 Story: 4 - Bernard Beal talks about his son's career
  • Tape: 10 Story: 5 - Bernard Beal describes his daughter's career
  • Tape: 10 Story: 6 - Bernard Beal describes his concerns for the African American community, pt. 1
  • Tape: 10 Story: 7 - Bernard Beal describes his concerns for the African American community, pt. 2
  • Tape: 10 Story: 8 - Bernard Beal reflects upon his legacy
  • Tape: 10 Story: 9 - Bernard Beal remembers being falsely accused of bribery, pt. 1
  • Tape: 10 Story: 10 - Bernard Beal remembers being falsely accused of bribery, pt. 2
  • Tape: 11 Story: 1 - Bernard Beal narrates his photographs, pt. 1
  • Tape: 11 Story: 2 - Bernard Beal narrates his photographs, pt. 2