Investment banking firms in Rhode Island have a lot to offer the small business owner who wants to sell a company or build its worth. The purpose of investment banks is to acquire funds by issuing and selling both equity and debt. They do this in two ways: first, they raise funds through capital markets by selling company stock in an initial public offering (IPO) or secondary offering. They can also assist with private placements, or the purchase or sale of corporate securities.

Investment banks in Rhode Island also provide advice and consultation on many aspects of a company’s financial transactions. It's important to take your time when choosing from investment banks in Rhode Island. The choice could make or break your growing business. Before starting your search for Rhode Island investment banks, consider the following:

1. Study the jargon and your prospective investment banker will take you more seriously. This will also save you time during the initial interview.

2. When choosing from Rhode Island investment bankers, find partner who offers services you can use today and into the future.

3. Your prospect must be confident he can raise money through your company's IPO.

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

Establish a positive relationship with your banker as you begin investment banking in Rhode Island

Building a positive relationship with your Rhode Island investment banker is necessary for achieving financial success. You need to trust the person you partner with, and you should be able to question a banker's objectives. In turn, your adviser should be open and willing to take your concerns into account.

I recommend: Phoenix Financial wins the trust of clients by providing focused market research in a clear, concise manner to clients who work outside the banking industry. Management Capital, a Rhode Island investment bank located in Providence, assigns an experienced investor to work closely with your business.

Choose an investment bank in Rhode Island with services to meet your growing needs

As your business grows, so will your financial needs. When choosing investment banking in Rhode Island, make sure that its products and services exceed your current expectations. You want to grow into the Rhode Island investment bank you choose, rather than leave it for a firm with more resources later on.

I recommend: New England Brokerage Corp (NEBC) can handle your financial transactions from cradle to grave; their investment and advisory services can raise money and help you position your company as a major financial player. Houlihan Smith & Company, Inc. offers comprehensive services with offices in Rhode Island.

Check out the online tools offered by an investment banking firm in Rhode Island

The Internet allows investment bankers to offer faster, more efficient service. It might make sense to choose from Rhode Island investment banks that offer a client web portal, so you can log in to view your account, do research, coordinate your finances and exchange information with your bankers.

I recommend: Though some small, middle market investment firms in Rhode Island offer online access, the most comprehensive services are offered by big banks. Wachovia provides tools for its corporate clients to do just about anything online, from paying invoices to providing information to insurers. JPMorgan is another investment powerhouse that understands the power of the web.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Rhode Island investment bankers should enjoy extensive knowledge of the industry. Ask an investment banker how his special knowledge could give you the edge over your competitors.