Evercore

• Investment Banking Services: Advisory on mergers and acquisitions, restructurings, divestitures, capital markets, and strategic transactions.
• Sell-Side Equity Research: Through its acquisition of ISI International Strategy & Investment (ISI) in 2014, Evercore provides research-driven equity sales and trading, covering sectors like technology, healthcare, and financials.en.wikipedia.org
• Details: Advised on $203 billion in deals in the first half of 2024, making it the top boutique by deal volume. Its equity research is highly regarded, with top-ranked Institutional Investor (II) teams.efinancialcareers.comwallstreetoasis.com

Piper Sandler

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory, with strengths in technology, healthcare, and financial institutions.
• Sell-Side Equity Research: Extensive research platform, particularly for small and mid-cap companies, covering consumer, healthcare, technology, and industrials. Recognized for its award-winning research team.pipersandler.com
• Details: Expanded its technology and biotechnology research teams, with a focus on small and mid-cap coverage, making it a leader in boutique research.maximaconsulting.com

William Blair

• Investment Banking Services: Mergers and acquisitions, capital markets advisory, and strategic services in healthcare, technology, and consumer sectors.
• Sell-Side Equity Research: Award-winning research covering seven growth-oriented sectors: consumer, financial services, technology, global industrials, healthcare, energy, and media.williamblair.com
• Details: Known for fundamental research and sector expertise, supporting institutional clients with actionable insights.

Jefferies & Co.

• Investment Banking Services: Global boutique offering mergers and acquisitions, equity and debt capital markets, restructuring, and private capital advisory.
• Sell-Side Equity Research: Comprehensive research covering industries like technology, healthcare, and energy, supporting its institutional client base.wallstreetmojo.com
• Details: A global boutique with a strong U.S. presence, Jefferies is noted for its diverse workforce and robust research capabilities.joinleland.com

Oppenheimer & Co.

• Investment Banking Services: Mergers and acquisitions, equity and debt capital markets, and advisory for mid-market clients in healthcare, technology, and consumer sectors.
• Sell-Side Equity Research: Provides research on small to mid-cap companies, focusing on growth sectors like healthcare and technology.
• Details: A global boutique with a strong U.S. footprint, Oppenheimer integrates research with its investment banking services.

Stephens Inc.

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for middle-market companies in consumer, healthcare, and industrials.
• Sell-Side Equity Research: Offers research on small and mid-cap companies, particularly in financials, consumer, and industrials, supporting institutional investors.
• Details: Based in Little Rock, Arkansas, Stephens is one of the largest private investment banks, with a strong regional focus and research platform.

Needham & Co.

• Investment Banking Services: Specializes in technology, media, and healthcare, offering mergers and acquisitions, IPOs, and capital raising.
• Sell-Side Equity Research: Renowned for technology and healthcare research, covering small and mid-cap growth companies.wallstreetprep.com
• Details: A boutique with a strong reputation in tech and media, Needham’s research supports its banking activities.

Cowen Group (now TD Cowen)

• Investment Banking Services: Mergers and acquisitions, capital markets, and advisory in healthcare, technology, and aerospace.
• Sell-Side Equity Research: Extensive research in growth sectors like healthcare, technology, and consumer, with a focus on institutional clients.careerprinciples.com
• Details: Now part of TD Securities, TD Cowen maintains a research-driven approach with sector-specific expertise.

Sandler O’Neill + Partners (now part of Piper Sandler)

• Investment Banking Services: Focused on financial institutions (FIG), offering mergers and acquisitions, capital raising, and advisory.
• Sell-Side Equity Research: Historically provided FIG-focused research; now integrated into Piper Sandler’s broader research platform.wallstreetprep.com
• Details: Prior to its 2020 acquisition, Sandler O’Neill was a leading FIG boutique with strong research capabilities.

Chardan Capital Markets

• Investment Banking Services: Capital raising, mergers and acquisitions, and strategic advisory for micro, small, and mid-cap growth companies.axial.net
• Sell-Side Equity Research: Specializes in equity research for emerging growth companies, particularly in healthcare, biotech, and technology.
• Details: New York-based boutique with a focus on small-cap companies, offering research to support its institutional trading and banking services.

Keefe, Bruyette & Woods (KBW)

• Investment Banking Services: Specializes in financial services, offering mergers and acquisitions, capital raising, and advisory for banks and fintech firms.
• Sell-Side Equity Research: Provides research focused on financial institutions, including banks, insurance, and fintech, with a strong sell-side presence.
• Details: A Stifel company, KBW is a leading boutique in the financial sector with deep research expertise in FIG.

Craig-Hallum Capital Group

• Investment Banking Services: Focuses on growth companies in technology, healthcare, and consumer sectors, offering mergers and acquisitions and capital raising.
• Sell-Side Equity Research: Provides research on small and mid-cap growth stocks, particularly in technology and healthcare, for institutional clients.
• Details: Minneapolis-based boutique with a strong track record in growth sectors and research-driven insights.

B. Riley Securities

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for small and mid-cap companies in consumer, technology, and industrials.
• Sell-Side Equity Research: Offers research on small and mid-cap companies, with a focus on consumer and technology sectors.
• Details: Known for its middle-market focus, B. Riley integrates research with its banking and trading operations.

Stifel Financial

• Investment Banking Services: Mergers and acquisitions, capital markets, and advisory across sectors like healthcare, technology, and financials.
• Sell-Side Equity Research: Provides extensive research covering small to mid-cap companies, with a focus on growth sectors.maximaconsulting.com
• Details: While sometimes considered a middle-market firm, Stifel operates as a boutique in certain contexts, with strong research capabilities.

Raymond James Financial

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory, with a focus on middle-market companies in healthcare, technology, and real estate.
• Sell-Side Equity Research: Offers research on small to mid-cap companies, covering sectors like consumer, industrials, and financials.
• Details: A larger boutique or middle-market firm, Raymond James provides robust research to support its institutional client base.

Canaccord Genuity

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory, with strengths in technology, healthcare, and metals/mining.
• Sell-Side Equity Research: Provides research on small and mid-cap growth companies, particularly in technology and healthcare.
• Details: A global boutique with a strong U.S. presence, known for its research-driven approach in growth sectors.

Wedbush Securities

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for technology, media, and consumer companies.
• Sell-Side Equity Research: Offers research on small and mid-cap companies, with a focus on technology, media, and gaming.
• Details: Los Angeles-based boutique with a strong West Coast presence and a reputation for technology research.

JMP Securities (now Citizens JMP)

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory in technology, healthcare, and real estate.maximaconsulting.com
• Sell-Side Equity Research: Provides research on growth companies, particularly in technology and healthcare, for institutional investors.
• Details: Now part of Citizens Financial Group, JMP maintains its boutique focus with strong research capabilities.

Baird (Robert W. Baird & Co.)

• Investment Banking Services: Mergers and acquisitions, capital markets, and advisory for middle-market companies in industrials, consumer, and technology.maximaconsulting.com
• Sell-Side Equity Research: Offers research on small to mid-cap companies, with a focus on industrials, consumer, and healthcare.
• Details: A middle-market firm with boutique characteristics, Baird is known for its research-driven approach.

D.A. Davidson & Co.

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for middle-market companies in consumer, technology, and industrials.
• Sell-Side Equity Research: Provides research on small and mid-cap companies, focusing on regional and growth sectors.
• Details: A Pacific Northwest-based boutique with a strong research platform supporting its banking services.

Northland Capital Markets

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for technology, healthcare, and clean energy companies.
• Sell-Side Equity Research: Specializes in research on small and mid-cap growth companies, particularly in technology and renewable energy.
• Details: Minneapolis-based boutique with a focus on emerging growth sectors and research-driven insights.

Janney Montgomery Scott

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for middle-market companies in healthcare, consumer, and financials.
• Sell-Side Equity Research: Offers research on small and mid-cap companies, with a focus on regional and sector-specific coverage.
• Details: A Philadelphia-based boutique with a strong research platform supporting its institutional clients.

Berenberg Capital Markets

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory, with a focus on technology, healthcare, and consumer sectors.
• Sell-Side Equity Research: Provides research on small and mid-cap companies, particularly in technology and healthcare, for U.S. and European clients.
• Details: A European boutique with a growing U.S. presence, known for its research-driven approach.

Hovde Group

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory, specializing in financial institutions and fintech.
• Sell-Side Equity Research: Offers research on financial institutions, including community banks and fintech companies.
• Details: A boutique with a niche focus on financial services, providing targeted research for institutional investors.

Stern Brothers & Co.

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory, with a focus on municipal finance and middle-market companies.
• Sell-Side Equity Research: Provides limited research on small-cap companies, often tied to its municipal and financial institution focus.
• Details: A smaller boutique with a regional focus, offering research to support its banking activities.

ThinkEquity

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for small and mid-cap growth companies in technology and healthcare.
• Sell-Side Equity Research: Offers research on small-cap growth stocks, particularly in technology and biotech.
• Details: New York-based boutique with a focus on emerging growth companies and a research-driven approach.

Lake Street Capital Markets

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for technology, healthcare, and industrials.
• Sell-Side Equity Research: Provides research on small and mid-cap growth companies, with a focus on technology and healthcare.
• Details: Minneapolis-based boutique with a strong research platform for growth sectors.

Roth Capital Partners

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for small and mid-cap companies in technology, healthcare, and energy.
• Sell-Side Equity Research: Offers research on small-cap growth stocks, particularly in technology, healthcare, and sustainability.
• Details: California-based boutique known for its research in growth sectors and investor conferences.

Spartan Capital Securities

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for small and mid-cap companies.
• Sell-Side Equity Research: Provides research on small-cap companies, focusing on technology and consumer sectors.
• Details: A smaller boutique with a growing presence in research-driven investment banking.

Maxim Group

• Investment Banking Services: Mergers and acquisitions, capital raising, and advisory for small and mid-cap companies in healthcare, technology, and consumer.
• Sell-Side Equity Research: Offers research on small-cap growth stocks, with a focus on healthcare and technology.
• Details: New York-based boutique with a strong research platform supporting its banking and trading operations.