Independent M&A advisor

Lately I have been exploring different avenues to pursue within the world of finance (Typical buy side or sell side). I understand there are no straight lines when planning for a career, but how does one set there career up to work independently as a m & a advisor? The idea of working independently on deals and being able to receive the majority of the commission fee sounds very appealing.

I understand working for a big bank would be beneficial in developing contacts, but could the same thing be accomplished working for a boutique size bank in a city outside of New York(Florida) ? What type of contacts would need to be built to sustain an independent operation?

Side question, are there such firms that operate as a investment bank and a private equity firm on the boutique level? Or is this a conflict of interest to m & a clients?

8 Comments
 
Best Response

Surely you could do the same on a smaller scale, but you will most certainly have to go through the proper channels to be able to do this. Many high profile BB M&A bankers that went out may have found it extremely difficult to have people listen to them without the big brand name behind them (ofcourse there is exceptions to this rule but we know that the ones where it did work out ended up having major banks themselves). Corporates just wont feel comfortable giving advisory roles & millions in fees to an individual unless they are truly friends with that individual and truly think their experience and advice is invaluable. For anybody who hasnt done this for years and years at an established place it will be extremely difficult

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I also failed to ask, in general how far up the investment banking ladder would you have to be up before this would be a feasible pursuit?

 
GBB_19NHS

and to your side questions, yes there are

So how does Goldman Sach and the like pull it off? Theoretically why would anyone want to deal with the large banks with the inherent conflict of interest?

 
Bullet-Tooth Tony 5ways2doit: GBB_19NHS:

and to your side questions, yes there are

So how does Goldman Sach and the like pull it off? Theoretically why would anyone want to deal with the large banks with the inherent conflict of interest?

Poor troll attempt.

Your the troll. I am asking a question about the industry on a website that is made for these questions. I only ask things II quant the answer to, and things I couldn't find the answer too through online searches. So cut the cap with the poor troll mess

 
5ways2doit Bullet-Tooth Tony: 5ways2doit: GBB_19NHS:

and to your side questions, yes there are

So how does Goldman Sach and the like pull it off? Theoretically why would anyone want to deal with the large banks with the inherent conflict of interest?

Poor troll attempt.

Your? the troll. I am asking a question about the industry on a website that is made for these questions. I only ask things II? quant the answer to?, and things I couldn't find the answer too through online searches. So cut the cap? with the poor troll mess

I can barely decipher your gibberish, but throwing out Goldman with a slam straight out of Rolling Stone is a troll. You specifically asked for advice regarding boutiques and independent firms. Then throw in the premier bulge bracket bank.

Independent M&A experts have a long track record of successful execution and substantial contacts in the field. In other words, they have experience.

Plenty of boutiques invest their own capital into deals. You always open yourself to potential litigation if you use capital to acquire a deal you are advising on the sell side. Certain legal stipulations can limit or potentially eliminate the risk, but fair market value is a very subjective concept.

 

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