Kaufman Bros. (KBRO) was an American

boutique investment bank A boutique investment bank is an investment bank that specializes in at least one aspect of investment banking, generally corporate finance, although some banks' strengths are retail in nature, such as Charles Schwab. Of those involved in corpor ...

focused on the technology, media, and

telecommunications Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information over a distance using electronic means, typically through cables, radio waves, or other communication technologies. These means of ...

and

health-care Health care, or healthcare, is the improvement or maintenance of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is deliver ...

sectors. The company was founded in 1995 and ceased operations on January 30, 2012. KBRO's businesses included securities

underwriting Underwriting (UW) services are provided by some large financial institutions, such as banks, insurance companies and investment houses, whereby they guarantee payment in case of damage or financial loss and accept the financial risk for liability ...

sales Sales are activities related to selling or the number of goods sold in a given targeted time period. The delivery of a service for a cost is also considered a sale. A period during which goods are sold for a reduced price may also be referred ...

and

trading Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market (economics), market. Traders generally negotiate throu ...

investment banking Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by und ...

, financial advisory services, investment research, and

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

History

The bank was founded in 1995 and came to prominence in the late 1990s as a strong boutique player in the telecommunications space. In 1997, ''

Crain's New York Business Crain Communications Inc. is an American publishing conglomerate based in Detroit, Michigan, United States, with 13 foreign subsidiaries. History Gustavus Dedman "G.D." Crain Jr. ( Gustavus Demetrious Crain Jr.; 1885–1973), previously the ci ...

'' listed co-founder Craig D. Kaufman in its "40 Under 40" list. Research analyst Vik Grover in the wireline and wireless communications services space was ranked in ''

The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...

''s "Best on the Street" poll in 2000 and 2001, and was a top 10 most-read analyst in North America on First Call Research Direct in 2001 and first quarter 2002. It closed its doors January 30, 2012."Kaufman Bros. Joins Ranks of Small Wall Street Firms to Close"
by Liz Moyer, ''Wall Street Journal'', Markets Section, January 31, 2012

References

{{DEFAULTSORT:Kaufman Bros. Former investment banks of the United States Defunct financial services companies of the United States