Founded in 1962, KBW offers a range of services including mergers and acquisitions, capital markets, debt financing, and structured finance. They also provide research, equity sales and trading, and asset management services. With a strong presence in the banking, insurance, brokerage, and specialty finance sectors, KBW has established itself as a leading independent authority in the financial services industry. In 2013, KBW merged with Stifel Financial to further expand its reach and capabilities.