Investment Banking Business Model
I understand the EB and BB strategy, with the former just being focused on advisory with the benefit of being independent + no balance sheet, and with the latter being a one-stop-shop for all things finance.
What's the rationale behind boutique banks having an investment banking practice along with an asset management / equity research arm (ex. EVR, GUGG)? What are the synergies with this business, given that there is an information wall between buy vs. sell side activity? Is prestige/brand name the only synergy?
In the old days, things like prime brokerage and services for PE firms were pretty similar to private banking services. The people who were doing lots of trading and lots of buying companies could go through their private banker for such services. These services were often for what we would now call family offices. The modern synergies between those divisions are a little more obvious, but that is one piece of the history of the one stop shop/Private Bank/Prime Services
diversify revenue streams. gorman talks about this a lot at MS and growing their wealth management. same thing at EBs.
Evercore does ECM, and ISI helps them with this. They are no longer an advisory only shop.
Ad dicta libero qui omnis laborum sed asperiores qui. Quam incidunt voluptatem voluptatem aspernatur. Nihil quia totam mollitia maxime eum est. Id dolorem voluptas enim voluptas cumque enim non.
Voluptatem facere at velit distinctio vel id. Ut eius beatae pariatur sunt. Quibusdam voluptatem quisquam est eum voluptatem cumque voluptas dolores.
Aut vel voluptas quibusdam voluptas. Ut nostrum eveniet commodi tempora et est et repellat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...