An investment bank in Illinois can be a valuable partner if you're a small business owner ready to build capital. Investment banks raise money by issuing and selling securities. They do this either through capital markets, by selling company stock in an initial public offering (IPO) or secondary offering; or, they raise money through the purchase or sale of corporate securities.

Investment banks in Illinois provide a multitude of other consulting and advisory services for your financial needs, from underwriting to providing financial security research to investors and corporate customers. It’s important to decide what your needs are before you start shopping around for Illinois investment bankers.

Consider following when you choose an Illinois investment bank to partner with:

1. Know how investment bankers talk so you can fully understand an adviser’s proposals during your initial meeting. This will help you both make the most of an interview.

2. Whichever investor bank in Illinois you choose must be established enough to grow with your business.

3. Be sure a prospective adviser shows a confidence in his ability to raise cash through an IPO.

Action Steps
The best contacts and resources to help you get it done

Choose from Illinois investment bankers who listen

As you review Illinois investment banks, it's imperative to choose one you trust. Additionally, you should be able to communicate freely if you have any questions or concerns regarding a proposal your adviser may have. Trust and communication are essential components in building a positive relationship with your investment banker. It's a partnership that should last a long time.

I recommend: Look to Robert W. Baird & Co. for an an Illinois investment bank with global reach. Midmarket Capital, Inc. offers assistance with mergers and acquisitions, in addition to other investment banking services.

Look for investment banks in Illinois to meet your current and future needs

If you plan on growing your business, then make sure you choose investment banking in Illinois that can grow with you. The Illinois investment banking firms you choose from should provide services and resources that go far beyond your current needs. This way you won't be forced to switch investment banks in IL when your growing business requires additional services.

I recommend: Akin Bay is focused on middle-market investment banking, while National City provides services to businesses of all sizes.

Pick from Illinois investment banks that let you access your account online

Internet access is a must, especially if you can't do all your investment banking in Illinois. You should be allowed to check your account at any time of the day or night. If you spend a lot of time on the road, online access is a necessity rather than a convenience.

I recommend: JP Morgan and Wachovia are both nationally recognized financial institutions that offer small businesses online access to their accounts.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  When interviewing IL investment bankers, find out how successful they've been in the past. While there's no way to guarantee success, a good track record can be a positive indicator.