LMM Banks Known for FIG?
Whattup yall. I'm looking to move back to banking from Growth PE and will be targeting MM or LMM FIG focused banks or groups.
Who ought I add to the following groups of companies that are on my radar alread?
JMP Securities
Janney, Montgomery Scott
Sandler O'Neil (Piper Sandler)
Performance Trust Capital Partners
Truist (Strong FIG)
D.A. Davidson
Colonnade Advisors
Olsen Palmer
I can help. DM me.
TD Securities
Would add Stephens in there. Know their Atl office focuses on FIG amongst other things
Was going to add Stephens to the list as well. FIG is probably their biggest fee coverage group, and they are quite busy on the non-bank lending world as well in addition the traditional LMM bank stuff. I do think the groups are different though, i.e. FIG working on bank stuff and spec fin working on non-bank lending
What is stephens like in terms of deal size and dealflow overall? Are they growing or stagnant or on the decline in recent years?
Broadhaven. Maybe ardea? Seen them stoop down to mm once and awhile.
They're up and coming and supposedly pay well
Wedbush. Worked on the other side of them once
Hovde, Stonybrook, Waller Helms, Colonnade, Dowling Hales.
RJ
Since when?
I feel like they acquired a boutique that does Wealth Management / Asset Management Ibanking? I know they have a group that does that at RJ, but I could be off in that it was an acquired group.
What's the appeal of working in fig?
Nothing
Hahaha. To most, not much.It's notably a group some people avoid. I'm a nerd though so I like the business of numbers and capital. Also, it's pretty much just what I know. I'd love to be a generalist but if I had to pick I like Spec Fin.
As someone that spent time in a spec fin coverage group, working on spec fin M&A definitely made me more technically strong than my peers when I moved to the buyside. Models are more nuanced for each deal, you’re constantly working with big loan tape data sets or static pool data and cutting data, etc. It made working on regular industrial / consumer / bus services deals on the buyside feel so easy
What is bigger? Oppenehimer or JMP Securities or D.A. Davidson or B. Riley? How would you rank them?
Stephens should be on there. FIG and SpecFin is about 25% of their fee income.
.
Sequi nulla consequatur odio reprehenderit reprehenderit et. Sunt iure et velit adipisci. Amet praesentium aut similique natus. Maiores qui voluptas consequatur asperiores.
Soluta animi atque exercitationem aut. Molestias sit omnis at velit et omnis id. Blanditiis qui tempore inventore et. Doloribus voluptas repellat harum assumenda iure maiores.
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...
In et consequatur vero eligendi iusto repellendus. Non quibusdam saepe et dignissimos. Ipsa eum voluptatibus ut deserunt autem necessitatibus enim. Consequatur qui quae nostrum laborum qui et est. Quisquam nostrum sed et enim et. Modi laboriosam nihil esse autem.
Totam dolores esse qui et ut. Et deserunt omnis aut quis sit quos temporibus. Quod et velit sunt quis inventore. Sit sunt sunt voluptatem. Molestiae doloribus odio blanditiis eius et id eaque perspiciatis.
Quidem quo inventore odio non. Repellendus error nostrum ut quo aut illo voluptas commodi. Est nihil facilis aut quos quo recusandae eos. Corrupti sint qui repudiandae dignissimos. Ullam dolorem deserunt perferendis enim. Rerum hic qui ut nisi laborum. Illo voluptas quo odit voluptatem officiis accusamus.
Magni praesentium minima aut nisi. Assumenda voluptas ut possimus qui in quis. Dolorum qui sed et. Nisi laudantium omnis doloribus eveniet aut officia aliquid. Dicta repellendus aut qui minima aliquam ullam.