My bank has no trading restrictions?
THE FIRM IS CALLED EVERCAP ADVISORS
For context I am applying to a Fall analyst intern position as a rising junior in college. I am going through the recruiting process and I asked them about their restrictions on personal trading accounts and their response was that they dont have trading activities and there would not be any restrictions because they also are a "deal finding firm" and that they are not regulated by FINRA or the SEC.
The person responding to me was my hiring manager. Do you guys think this is some kind of lie or a strange firm that I should not work with? Or do you guys think that I should still do the internship and trade while doing it?
They asked me to find pest control companies and to find the contact info of their senior management so that they could try to get a deal as a part of the recruiting process.
Thanks!
Your bank is not a bank
Thank you. The firms is called Evercap Advisors. Their website says they are a "buyside investment banking firm, which focuses on generating proprietary deals for private equity firms and strategic acquirers". What are your thoughts on the firm?
Thank you
Sourcing firm. Will be calling and cold emailing tons of companies to try and source proprietary acquisition opportunities. If you enjoy that type of hyper social sales-y role actually not a bad place to be. A lot of middle market firms and VC/Growth equity firms do the same thing and growing sales skills early on is valuable.
scam, don’t follow through
Not a real bank and not the most impressive internship - you're basically just going to be finding small companies and contact info for the entire internship - but if you need an internship you take what you can get for off-cycle. I would definitely take things like private wealth or other financials firms over this, but it's better than nothing
Thank you!
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