Ramirez’s par­ents moved from Puer­to Rico to New York City in the late 1920s in search of a bet­ter way of life. They moved to Span­ish Harlem where Ramirez was raised and edu­cat­ed. His father worked at the Brook­lyn Navy Yard and his moth­er was a seam­stress. After he grad­u­at­ed from high school, he applied for admis­sion to go to col­lege.

Ramirez enrolled in Brooklyn’s St. France’s Col­lege where he earned his Bachelor’s Degree in Eco­nom­ics in 1965. He bare­ly start­ed col­lege when dur­ing his sum­mers he worked for Kid­der, Peabody & Co. gain­ing expe­ri­ence in equi­ty trans­ac­tions. After he grad­u­at­ed, he went to work for the invest­ment bank­ing firm Sto­ev­er Glass & Co. Dur­ing the years that he worked for Sto­ev­er Glass, he became an expert in munic­i­pal bonds and earned a rep­u­ta­tion amongst the firms clien­tele as a reli­able investor. The expe­ri­ence which Ramirez gained and the sat­is­fac­tion of help­ing oth­ers to obtain their finan­cial goals moti­vat­ed him to start his own invest­ment bank­ing firm.

Ramirez & Co.

In 1971, with an invest­ment of $50,000, Ramirez launched his own firm “Ramirez & Co.”. The com­pa­ny spe­cial­izes in the dis­tri­b­u­tion of munic­i­pal bonds, and pro­vides retail and insti­tu­tion­al sales along with invest­ment bank­ing ser­vices to cor­po­ra­tions and state and local gov­ern­ments. In order to gain recog­ni­tion and alliances from oth­er firms, Ramirez decid­ed to not make the yet small His­pan­ic mar­ket his pri­ma­ry focus. His rep­u­ta­tion of putting an empha­sis on the preser­va­tion of cap­i­tal instead of run­ning risks in pur­suit of a big pay­off, has been a prime fac­tor in his clients entrust­ing him to $2 Bil­lion dol­lars of invest­ments. The com­pa­ny estab­lished an equi­ty research depart­ment focus­ing on the grow­ing mar­ket of His­pan­ic owned com­pa­nies. In Feb­ru­ary 2004, the firm began offer­ing the Ramírez His­pan­ic Index. The index is set up as an equal­ly weight­ed Unit Invest­ment Trust (UIT), which means buy­ers invest equal­ly in the 10 fastest-grow­ing, His­pan­ic-owned com­pa­nies in the Unit­ed States, which include Uni­vi­son, Ban­co Pop­u­lar, and Doral Finan­cial. The com­pa­ny pur­chased a five per­cent own­er­ship in AztecAmer­i­ca Bank, based in Chica­go, Illi­nois and head­ed by Car­los X. Mon­toya. This bank is active­ly posi­tion­ing itself as a unique finan­cial ser­vices bridge for Lati­nos.

The firm oper­ates out of eight offices across the Unit­ed States , on both coasts and in Texas, Chica­go, and San Juan, Puer­to Rico and has a total of 110 employ­ees. His son, Samuel A. Ramirez, Jr., is Senior Vice Pres­i­dent and the Man­ag­ing Direc­tor of the firm. His daugh­ter Christa, also works for the com­pa­ny and has under­writ­ten new issues and his son-in-law Chris Harp­en, is an invest­ment con­sul­tant.