Boutique Investment Banks

*Updated for 2023: List of Boutique and Middle-Market Investment Banks*

Boutique, Industry-Focused and Middle Market U.S. Investment Banks

• Miller Buckfire & Co. (Restructuring focused)
• Morgan Keegan & Co.
• WR Hambrecht & Co.
• Montgomery & Co.  (Media & Internet and Technology focused)
• Stephens, Inc.
• Stifel Financial
• Capstone Partners
• CSG Partners
• Foros
• Needham & Co. 
• Berkery, Noyes & Co.
• Gleacher & Company
• Guggenheim Partners
• Imperial Capital 
• Keefe, Bruyette, & Woods
• Ladenburg Thalmann
• Cain Brothers (Healthcare focused)
• Fennebresque & Co
• Ziegler
• Sonenshine Partners
• Lancaster Pollard (Health care focused)
• BG Capital
• Allegiance Capital Corporation
• Sucsy, Fischer & Company
• Marathon Capital (Global Energy and Infrastructure focused)
• Arma Partners
• Financo (Consumer and Retail focused)
• Marlin & Associates  (Technology, Information, and Healthcare focused)
• C.W. Downer
• McColl Partners
• Panmure Gordon
• PCE Investment Bankers, Inc.
• Roth Capital Partners
• Sagent Advisors
• Cantor Fitzgerald
• Corporate Finance Associates
• Europa Partners
• Lincoln International

Global Boutique Investment Banks

• Allen & Company (Global M&A Advisory – Media and Entertainment focused)
• Cowen (Global M&A Advisory – Boutique)
• Perella Weinberg Partners (Global M&A Advisory – Boutique)
• Lazard (Global M&A Advisory)
• Rothschild (Global M&A Advisory – Boutique)
• Evercore Partners (Global M&A Advisory – Boutique)
• Greenhill & Co. (Global M&A Advisory – Boutique)
• Blackstone (Global M&A Advisory)
• Houlihan Lokey (Global Investment Bank – Boutique)
• Jefferies & Co. (Global Investment Bank)
• Centerview Partners (Global M&A Advisory)
• Oppenheimer & Co.  (Global lnvestment Bank – Boutique)
• Sandler O’Neill Partners (Global Investment Bank – Boutique – FIG focused)
• Moelis & Company  (Global Investment Bank – Boutique)

Learn More → Investment Banking Primer