Overview: RBC Wealth Management is a full-service securities firm headquartered in Minneapolis that is among the largest in the U.S. A fully-owned subsidiary of Royal Bank of Canada (RBC), RBC Wealth Management formerly was known as RBC Dain Rauscher. The oldest predecessor firm of Dain Rauscher, Kalman & Co., was founded in 1909 in St. …
Overview: Raymond James is a publicly-traded full-service brokerage firm with a focus on financial planning. It is headquartered in St. Petersburg, Florida. Its lines of business are: Financial Advisory Services Financial Planning Banking Services Equity Capital Markets Public Finance Institutional Sales & Trading Merchant Banking (Private Equity) Job Openings: See this list of current job …
Overview: Piper Jaffray was founded in 1895 and is headquartered in Minneapolis. As a middle market investment firm, Piper Jaffray focuses on serving companies whose annual revenues are under $1 billion, but over $25 million. It also serves private equity groups, public entities, nonprofits and institutional investors. Its main operating divisions are: Investment Banking Institutional …
Morgan Stanley Wealth Management Overview: On January 13, 2009, Citigroup announced that its Smith Barney unit would become part of a joint venture with Morgan Stanley, in return for a $2.7 billion payment from the latter, which would thereby obtain a 51% stake. The venture was called Morgan Stanley Smith Barney. It was renamed Morgan …
Overview: Morgan Stanley is a major integrated financial services firm. Its lines of business include: Financial Advisory Services Asset Management Investment Banking Securities Trading Historically an investment banking firm, its financial advisory (retail brokerage) and asset management divisions were established via its 1997 merger with Dean Witter. On September 21, 2008 Morgan Stanley successfully applied …
Merrill Lynch Overview: Merrill Lynch is a major integrated financial services firm, acquired by Bank of America in 2008. Its lines of business include: Financial Advisory Services Banking Services Investment Management Investment Banking Securities Trading Job Openings: See this listing of job openings at Merrill Lynch. Size: The firm is among the industry’s largest, across …
Lehman Overview: Lehman Brothers, founded in 1850, has long been one of the most respected firms on Wall Street. Its bankruptcy filing on September 15, 2008 set off a major crisis of confidence in the international financial system, resulting in days of massive price declines in worldwide equity and debt markets. Starting on September 22, …
HighTower Advisors Overview: HighTower Advisors is a new financial services firm targeting high net worth clients. Launched on December 10, 2008, HighTower is recruiting experienced financial advisors who would like to run their own firms, but who would prefer to have their infrastructure and support needs handled by a central organization. Part of their recruiting …
Overview: Edward Jones is a privately-held retail brokerage firm headquartered in St. Louis. Its sole line of business: Financial Advisory Services Job Openings: See this list of current job openings. Size: Edward Jones has offices in all 50 states, the District of Columbia, 7 Canadian provinces, and the U.K. These figures are as of June, …
Overview: Goldman Sachs is a major integrated financial services firm. Its lines of business include: Wealth Management (Retail Financial Advisory Services) Asset Management Investment Banking Lending Securities Trading Securities Research On September 21, 2008 Goldman Sachs successfully applied to become a bank holding company. This subjects the firm to increased federal regulation and will reduce …