KBW, Inc. is a global, full-service investment bank that specializes exclusively in the financial services sector. The company focuses on banking and insurance companies, real estate companies and real estate investment trust, broker-dealers, mortgage banks, asset management companies, and specialty finance companies. It offers mergers, acquisitions, strategic advisory services, equity and fixed income securities offerings, structured finance and mutual thrift conversions. It also provides asset management, securities underwriting and related investment advisory services to the financial sector. The company's business is organized into three general service offerings: Investment banking, including mergers and acquisitions and other strategic advisory services, equity and fixed income securities offerings, and mutual thrift conversions, Equity and Fixed Income sales and trading, and Research that provides fundamental, objective analysis that identifies investment opportunities and helps its investor customers make better investment decisions. KBW was founded in 1962 and is headquartered in New York, NY.