3. M.R. Beal & Co.

Founded by Bernard Beal in 1988, M.R. Beal &  Co. is one of the largest minority-owned full-service investment banks in the U.S. M.R. Beal specializes in municipal/corporate underwritings, equity IPOs and secondary offerings, as well as financial advisory services.

Since its inception, the New York City-based firm has grown from eight professionals in one office to mroe than 30 people located in offices in New York, Chicago, Dallas, and Sacramento. The company has managed more than $400 billion in municipal financings and $15 billion in equities, advised over $7 billion in 60 financings, and has been involved in more than $75 billion in equity financings.