What is the difference between an M&A advisory firm and an investment bank?
Investment banks typically focus on stock placement and underwriting securities. In addition to providing M&A advisory services, investment banks may maintain broker/dealer operations and maintain markets for previously issued securities. Investment Bankers specialize on large business with revenues over $100 million. Investment Bankers typically do not do transaction where the fee is less than a million dollars. See Differences Between Business Brokers, M&A Advisors & Investment Bankers for a more detailed comparison of these intermediaries.
