An individual or institution who acts as an underwriter or agent for corporations and municipalities issuing securities. Many investment bankers also maintain broker-dealer operations, maintain markets for previously issued securities, and offer advisory services to investors.
Investment banks also have a large role in facilitating mergers and acquisitions, private equity placements, and corporate restructuring. Typically, investment bankers represent companies with more than $10 million in revenue.
They can be valuable in doing the following:
- Generating a valuation for your business
- Provide access to their network of financial and institutional buyers
- Provide access to buyers outside of the local area
- Conducting a controlled auction for your business