1) Large, International Investment Banks – 10 Banks
2) Large, Mid-sized, and Prestigious Boutique Investment Banks – 40 Banks
3) Boutique Investment Banks – 150 Banks

*If you are looking for equity research firms only, check http://equity-research.com/equity-research-companies-worldwide/

For groups 1&2, there is a link to the bank’s career website. The most valuable part of this list is the information provided for group 3:

Website
Office Locations
Senior Member at the Firm
Email address
Phone # (many of them are direct dials so be ready if you decide to cold call!)

1) Large, International Investment Banks

Bank of America Merrill Lynch
http://careers.bankofamerica.com/gcib/

Barclays Capital
http://www.barcap.com/Talent+%26+Careers

Citigroup http://www.oncampus.citi.com/business_areas/north_america/institutional_…

Credit Suisse
https://www.credit-suisse.com/careers/en/

Deutsche Bank
http://www.db.com/careers/index_e.html

Goldman Sachs
http://www2.goldmansachs.com/careers/index.html

JPMorgan Chase
https://careers.jpmorganchase.com/

Morgan Stanley
http://www.morganstanley.com/about/careers/index.html

UBS AG
http://www.ubs.com/1/e/career_candidates/graduate_and_intern.html

Wells Fargo/Wachovia
https://www.wellsfargo.com/careers/

2) Large, Mid-sized, and Prestigious Boutique Investment Banks

Allen & Company
(does not have a website – old school)

Alvares & Marsal
http://www.alvarezandmarsal.com/en/about/careers.aspx

BB&T Capital Markets
http://www.bbt.com/bbt/about/careers.html?WT.ac=careers_topnav_subpage

BMO Capital Markets
http://www.bmo.com/careers/bmocapitalmarkets.html

BNP Paribas
http://www.graduates.bnpparibas.com/your-career.html

Broadpoint Gleacher Securities Group, Inc.
http://www.gleacher.com/careers.shtml

Brown Brothers Harriman
http://www.bbh.com/career/index.html

Cantor Fitzgerald
http://www.cantor.com

Centerview Partners
http://www.centerviewpartners.com/overview.aspx?xitm=4&yitm=1

CIBC Wholesale Banking
http://www.cibcwm.com/wm/careers/index.html

Cowen Group
http://www.cowen.com/Careers.html

Duff & Phelps
www.duffandphelps.com

Edgeview Partners
http://www.edgeview.com/careers/

Evercore Partners
http://www.evercore.com/about/careers

Friedman Billings Ramsey
http://www.fbr.com/Company/Work.aspx

Greenhill & Co.
http://www.greenhill-co.com/index.php?option=com_content&task=view&id=90…

Harris Williams & Co.
http://www.harriswilliams.com/welcometothemiddle/careers.php

Houlihan Lokey Howard & Zukin
http://www.hlhz.com/us/careers.aspx?LangType=1033

Jefferies & Company
http://www.jefferies.com/cositemgr.pl/html/Careers/index.shtml

Keefe Bruyette & Woods Inc.
http://www.kbw.com/

Lazard Ltd
http://www.lazard.com/careers/careers.aspx

Moelis & Company
http://www.moelis.com/careers/index.php

Montgomery & Co.
http://www.monty.com/pages/misc/careers.html

Morgan Keegan
http://www.morgankeegan.com/MK/CareerOpp/default.htm

Nomura Holdings, Inc.
http://www.nomura.com/americas/careers/index.shtml

Oppenheimer & Co.
http://www.opco.com/public/about_oppenheimer/careers.html

Perella Weinberg Partners
http://www.pwpartners.com/Careers.aspx

Peter J. Solomon Company
http://www.pjsolomon.com/careers/index.html

Piper Jaffray
http://www.piperjaffray.com/2col_largeright.aspx?id=126

Raymond James Financial Inc. http://www.raymondjames.com/professional_opportunities.htm

RBC Capital Markets
https://www.rbccm.com/careers/cid-202867.html

Robert W. Baird & Company
http://www.rwbaird.com/about-baird/careers/careers.aspx

Rothschild
http://www.rothschild.com/careers/

Royal Bank of Scotland
http://www.rbs.com/careers.ashx

Sandler O’Neill + Partners L.P.
http://www.sandleroneill.com/

Stephens Inc.
http://www.stephens.com/about_stephens_inc/careers.aspx

The Blackstone Group http://www.blackstone.com/cps/rde/xchg/bxcom/hs/careers.htm

Thomas Weisel Partners/Stifel Financial
http://www.stifel.com/include.asp?pgid=1

William Blair & Company
http://www.williamblair.com/careers/careers.asp

Wedbush
http://www.wedbush.com/careers

3) Regional/Boutique Investment Banks

Aethlon Capital
www.aethlon.com
Minneapolis, MN
Ms. Sima Griffith, Managing Principal, sgriffith@aethlon.com, (612) 338-0934

Alderwood Capital
www.alderwoodcapital.com
San Francisco, CA
Mr. Christopher Beros, Managing Director, cberos@alderwoodcapital.com
(415) 874-3382

Alexander Hutton
www.alexanderhutton.com
Seattle, WA
Mr. Thomas Elzey, Managing Director, telzey@alexanderhutton.com, (206) 792-1968

Allegiant Capital Corporation
www.allcapcorp.com
Dallas, TX; Chicago, IL; Lake Elmo, MN; New York, NY; Seattle, WA.
Mr. Terry Fick, Senior Managing Director, tfick@allcapcorp.com, (214) 540-8109

Allen C. Ewing & Co.
www.allenewing.com
Jacksonville, FL; Charlotte, NC
Mr. Morgan Payne, Managing Director, mpayne@allenewing.com, (904) 354-5573

Allison-Williams Company
www.allisonwilliams.com
Minneapolis, MN
Mr. David Kluender, Executive Vice President, dgkluender@allisonwilliams.com (612) 333-3475

America’s Growth Capital
www.americasgc.com
Boston, MA; Silicon Valley, CA
Mr. Scott Card, Partner, scard@americasgc.com, (617) 261-4140

Anderson LeNeave & Co.
www.andersonleneave.com
Charlotte, NC
Mr. Gregory LeNeave, Managing Director, gleneave@andersonleneave.com
(704) 552-9212

Antaeus Capital
www.antaeuscap.com
Los Angeles, CA
Mr. Cesar Moya, President & CEO, (310) 788-8653

Aquilo Partners
www.aquilopartners.com
San Francisco, CA
Mr. John Dyer, Managing Director. (415) 677-8989

Aramar Capital
www.aramarcapital.com
New York, NY; San Francisco, CA
Mr. Jeffrey Lehman, Founder, n.a., (212) 708-0700

Arbor Advisors
www.arboradvisors.com
Palo Alto, CA
Mr. Stan Christensen, Managing Director, Stan@ArborAdvisors.com, (650) 305-2582

Archway Capital Management
www.archwaycapital.com
Dallas, TX; Washington, D.C.
Mr. A. Joseph Shepard, President, (214) 614-8444

Asante Partners
www.asantepartners.com
New York, NY; Menlo Park, CA
Jennifer Hasley, Founder & Managing Director, jennifer@asantepartners.com
(650) 566-9364

Ascendiant Capital Group Inc.
www.ascendiant.com
Irvine, CA
Mr. Bradley Wilhite, Co-Founder & Executive Managing Director
bwilhite@ascendiant.com, (949) 259-4949

Ascent Partners
www.ascentpartners.com
Rachno Santa Margarita, CA
Mr. Scott Foresman, Managing Director, sforesman@ascentpartners.com,
(619) 300-8200

Aspen Advisors
www.aspenadvisors.com
Dallas, TX
Mr. Marc Still Partner, mstill@aspenadvisors.com, (214) 292-5000

Averil Capital Markets Group, Inc.
www.averil.com
Los Angeles, CA
Ms. Diana Maranon, Managing Partner, (310) 553-5351

AZCA, Inc.
www.azcainc.com
Menlo Park, CA
Mr. Masazumi Ishii, Managing Director, mishii@azcainc.com, (650) 324-9100

Babson Capital Management LLC
www.babsoncapital.com
New York, NY; Boston, MA; Charlotte, NC; Hartford, CT; Springfield, IL; Washington, DC

Bailey Southwell & Co.
www.baileysouthwell.com
Nashville, TN; St. Louis, MO
Mr. Jack Bailey, Co-Founder & Partner, jack.bailey@baileysouthwell.com
(615) 371-6155

Baldwin & Clarke Corporate Finance, Inc.
www.bcfinance.com
Bedford, NH
Mr. John Clarke, Jr., President, (603) 668-4353

Barman Capital LLC
www.barmancapital.com
New York, NY; Los Angeles, CA
(310) 421-0270

Bengur Bryan & Co., Inc.
www.bengurbryan.com
Baltimore, MD
Mr. Chris Royston, Managing Director, croyston@bengurbran.com , (443) 573-3030

Beringea
www.beringea.com
Detroit, MI
Mr. Jeff Bocan, Managing Director, jbocan@beringea.com, (248) 489-9000

Berkshire Capital
www.berkcap.com
New York, NY; Denver, CO
Mr. Ted Gooden, Managing Director, tgooden@berkcap.com, (212) 207-1043

Blackwater Capital Group, Inc.
www.blackwatercapital.com/
Chicago, IL; New York, NY; Los Angeles, CA; Austin, TX
Mr. Steven Green, Founder & Senior Managing Director steveg@blackwatercapital.com, (847) 446-4700

Boenning & Scattergood
http://www.boenninginc.com
Philadelphia, PA; Pittsburgh, PA; Marmora, NJ; Powell, OH
Ms. Kathy Wilhelm, Executive Vice President, kwilhelm@boenninginc.com
(800) 883-1212

Boston Capital Advisors
www.bostoncapitaladvisors.com
Boston, MA
Mr. Mark Slater, Founder & Managing Partner, mark@bostoncapitaladvisors.com (617) 669-5281

Brean Murray, Carret & Co., LLC
www.breanmurraycarret.com
New York, NY
Mr. William McCluskey
President & CEO, mccluskey@bmur.com, (212) 702-6505

Broadmark Capital Corporation
www.broadmark.com
Seattle, WA; New York, NY
Mr. Joseph Schocken, President, jls@broadmark.com, (646) 467-8615

C. K. Cooper & Company
www.ckcooper.com
Irvine, CA; Chicago, IL; New York, NY
Mr. William Porter, Managing Director, (888) 477-9301

Cain Brothers & Company, LLC
www.cainbrothers.com
New Ywork, NY; Atlanta, GA; Chicago, IL; Houston, TX; Indianapolis, IN; Orlando, FL; San Francisco, CA; St. Louis, MO
Mr. Andrew McB. Garvey, Head of Capital Markets, agarvey@cainbrothers.com
(212) 869-5600

Capital Alliance Corporation
www.cadallas.com
Dallas, TX
Mr. Edward Dawson, Chairman, President & CEO, (214) 638-8280

The Capital Corporation
www.thecapitalcorp.com
Greenville, SC; New York, NY; Spartanburg, SC
Mr. Dan Adams President & CEO danadams@thecapitalcorp.com (846) 672-8400

Cappello Capital Corp.
www.cappellocorp.com
Santa Monica, CA; Austin, TX
Mr. Alexander Cappello, Managing Director, ac@cappellocorp.com, (310) 393-6632

Capstone Partners, L.C.
www.capstonellc.com
Boston, MA
Mr. John Ferrara, Founder & Managing Partner, jferrara@capstonellc.com
(617) 619-3325

Cary Street Partners LLC
www.carystreetpartners.com
Richmond, VA; Abingdon, VA; Atlanta, GA; Fredricksburg, VA; Greensboro, NC; Staunton, VA
Mr. Tom Tullidge, Managing Director, ttullidge@carystreetpartners.com , (804) 521-3340

Cascadia Capital LLC
www.cascadiacapital.com
Seattle, WA
Mr. Michael Butler, Chairman & CEO, (206) 436-2500

Caymus Partners LLC
www.caymuspartners.com
Atlanta, GA; New York, NY
Mr. Geoffrey L. Faux, Managing Partner, gfaux@caymuspartnres.com, (404) 995-8302

CBIZ Mergers & Acquisitions Group, Inc.
www.cbiz.com/mergers
Atlanta, GA
Mr. Douglas Hubert, Managing Director, dhubert@cbiz.com, (770) 858-4491

Challenger Capital Group, Ltd.
www.challengercapitalgroup.com
Dallas, TX; Chicago, IL
Mr. Michael Burr, President & Executive Director, mburr@challengecap.com
(630) 908-7248

Cherry Tree Investments, Inc.
www.cherrytree.com
Minnentonka, MN; Denver, CO
Mr. Tony Christianson, Managing General Partner, (952) 893-9012

Clayton Capital Partners
www.claytoncapitalpartners.com
St. Louis; Golden, CO; Dallas, TX
Mr. Kevin Short, Managing Partner, kshort@claytoncapitalpartners.com, (314) 725-9939

Coady Diemar Partners, LLC
www.coadydiemar.com
New York, NY; Peapack, NJ
Mr. Robert Diemer, Jr. Managing Director, bob@coadydiemar.com, (212) 901-2600

Cogent Partners
www.cogent-partners.com
Dallas, TX; New York, NY
Mr. Scott Myers, Managing Director, smyers@cogent-partners.com, (214) 871-5407

Colchester Partners, LLC
www.colchesterpartners.com
Boston, MA
Mr. Franklin Kettle
Managing Director, fkettle@colchesterpartners.com, (617) 896-0200

The Colmen Group
www.colmengroup.com
Wayne, PA
Mr. Peter Colella, Managing Director, pcolella@colmengroup.com, (610) 964-9020

Colmen Menard Company, Inc.
www.colmenmenard.com
Wayne, PA
Mr. David Menard, President & CEO, dmenard@colmenard.com, (484) 367-0300

Columbia West Capital, LLC
www.columbiawestcap.com
Scottsdale, AZ; El Segundo, CA; Salt Lake City, UT
Mr. Guy Downing, Managing Director, gdowning@columbiawestcap.com
(480) 664_3949

Consensus Advisors LLC
www.consensusadvisors.com
Boston, MA; New York, NY
Mr. Michael O’Hara, Founder & CEO, (617) 437-6500

Consilium Partners LLC
www.cpboston.com
Wellesley, MA
Mr. Gregory Sneddon, Senior Managing Director, gbs@cpboston.com, (617) 267-0600

Converge Capital
www.convergecapital.com
Dallas, TX
Mr. Jim Stone, Partner & CEO, jstone@convergecapital.com, (972) 726-1911

CDI Global
www.cdiglobal.com
Boca Raton, FL; Chicago, IL; Evergreen, CO; Darien, CT; Los Angeles, CA;
Wilmington, DE
Mr. Terry A. Busskohl, Partner, office.newyork@cdiglobal.com, (203) 655-5436

Corporate Finance Associates Worldwide
www.cfaw.com
CFA has offices in 17 states throughout the US
Mr. Robart Contaldo, Managing Partner, rjc@cfaw.com, (847) 836-7035

The Rodman Energy Group
www.rodmanenergy.com
Houston, TX; Simsbury, CT
Mr. T. Prescott Kessey, Managing Director, tpk@rodm.com, (713) 654-8080

The Courtney Group
www.thecourtneygroup.com
Los Angeles, CA; Newport Beach, CA
Mr. Tom Courtney, Founder, info@courtneygroup.com, (949) 706-3600

Covington Associates LLC
www.covingtonassociates.com

Craig-Hallum Capital Group LLC
www.craighallum.com
Minneapolis, MN; Boston, MA; Philadelphia, PA
Mr. Rick Hartfiel, Director of Investment Banking, rick.hartfiel@craig-hallum.com
(612) 334-6381

Crosskeys Capital
www.crosskeyscapital.com
Ft. Lauderdale, FL; Chicago, IL; Baltimore, MD; Philadelphia, PA; Tampa, FL
Mr. David Burns, Managing Director, dburns@ckcap.com, (954) 779-2600

D.A. Davidson & Co.
http://www.davidsoncompanies.com/dc/jobs.cfm
Davidson Companies has over 60 office locations throughout the United States in these states: California, Colorado, Iowa, Idaho, Massachusetts, Minnesota, Missouri, Montana, Nebraska, Ohio, Oklahoma, Oregon, Utah, Washington, Wyoming
Mr. Doug Woodcock, President of Equity Capital Markets, Dwoodcock@dadco.com (503) 603-3001

Dahlman Rose & Company, LLC
http://www.dahlmanrose.com/Content/Careers.asp
Boston, MA; Houston, TX; New York, NY; San Francisco, CA
Mr. Alexander Khutorsky, Managing Director, Head of Mergers & Acquisitions
(212) 920-2940

Davidson Capital
www.davidsoncapital.com
Santa Rosa Beach, FL; Atlanta, GA
Mr. Thomas Davidson, Sr. President, tmd@davidsoncapital.com, (202) 365-7000

DecisionPoint International
www.decisionpointint.com
Charlotte, NC; St. Louis, MO
Mr. Douglas Ellis, Managing Partner, Dellis@DecisionPointINT.com, (704) 248-1122

DeSilva & Phillips, LLC
www.mediabankers.com
New York, NY
Mr. Jeffrey Dearth, Partner, jeff@mediabankers.com, (202) 338-5790

Dinan & Company, LLC
www.dinancompany.com
Phoenix, AZ
Mr. John Kelly, Executive Vice President, jkelly@dinancompany.com, (866) 447-3500

Dougherty & Company LLC
www.doughertymarkets.com
Minneapolis, MN
(612) 376-4000

Dresner Partners
www.dresnerpartners.com
Chicago, IL
Mr. Gregg Pollack, Managing Director, gpollack@dresnerco.com, (312) 780-7207

Duncan-Williams, Inc.
www.duncanw.com
Charlotte, NC; Chicago, IL; Cleveland, OH; Hattiesburg, MS; Houston, TX; Jackson, MS; Jersey City, NJ; Knoxville, TN; Los Angeles, CA; Memphis, TN; Nashville, TN; New York, NY; Philadelphia, PA; San Francisco, CA; Seattle, WA
Mr. Ben Labry, Executive Managing Director, blabry@duncanw.com, (901) 260-6833

Eastdil Secured
www.eastdilsecured.com
Atlanta, GA; Boston, MA; Chicago, IL; Dallas, TX; Los Angeles, CA; Orange County, CA; Richmond, VA; San Diego, CA; San Francisco, CA; Silicon Valley; Washington, DC (212) 315-7200

Energy Spectrum Advisors
www.energyspectrumadvisors.com
Dallas, TX
Mr. Charlie Lapeyre, Managing Director , charlie.lapeyre@energyspectrumc.om
(214) 987-6123

Falkenberg Capital Corporation
www.falkenbergcapital.com
Denver, CO
Mr. Bruce Falkenberg, President, bruce@fcapital.com, (303) 320-4800

Ferghana Partners Group
www.ferghanapartners.com
Boston, MA; New York, NY
Mr. William Kridel, Jr. Managing Director, kridel@ferghanapartners.com,
(212) 986-7900

Financo, Inc.
www.financo.com
Los Angeles, CA; New York, NY
info@financo.com, (212) 593-9000

First Southwest Company
www.cbiz.com/mergers/
Over 20 offices in the following statesL Alaska, Arkansas, California, Colorado, Connecticut, Florida, Massachusetts, New York, North Carolina, Rhode Island, Texas Mr. Stephen Johnson, Managing Director
stephen.johnson@firstsw.com, (214) 953-8856

FMI Corporation
www.fminet.com/investment-banking
Denver, CO; Napa, CA; Phoenix, AZ; Raleigh, NC; Tampa, FL
Mr. William Hill, Managing Director, whill@fminet.com, (303) 398-7237

FocalPoint Partners LLC
www.focalpointllc.com
Los Angeles, CA
Mr. Daniel Conway, Managing Director, dconway@focalpointllc.com, (310) 405-7000

Focus Strategies, LLC
www.focus-strategies.com
Austin, TX
Mr. F. Gary Valdez, Founder, gvaldez@focus-strategies.com, (512) 477-3280

Gemini Partners Inc.
www.geminipartners.net
Baltimore, MD; Los Angeles, CA
Mr. Jeff McKenzie. Managing Director, Head of Mergers & Acquisitions Jmckenzie@geminipartners.net, (310) 696-4009

Genesis Capital, l.l.c.
www.genesis-capital.com
Atlanta, GA
Mr. Jeffrey Villwock, Managing Director, jvillwock@genesis-capital.com, (404) 816-7503

Gilford Securities
www.gilfordsecurities.com
Fort Lauderdale, FL; Melville, NY; Morristown, NJ; New York, NY; Spokane, WA; Westhampton Beach, NY
Mr. Robert Maley, President, Robert.Maley@gilfordsecurities.com

Goldmark Advisers, Inc.
www.goldmarkadvisers.com
New York, NY
Mr. Jeffrey Gold, President, jmg@goldmarkadvisers.com, (212) 779-6059

Grace Matthews
www.gracematthews.com
Milwaukee, WI
Mr. John Beagle, Managing Director, jbeagle@gracematthews.com, (414) 278-1120

Gramercy Venture Advisors
www.gramercyventures.com
San Francisco, CA
Mr. Dave Weinstein, Partner, (415) 543-3000

Green Manning & Bunch, Ltd.
www.gmbltd.com
Denver, CO; Phoenix, AZ
Mr. Chris Hammond, Managing Director, chammond@gmbltd.com, (303) 592-4820

Greene Holcomb & Fisher LLC
www.ghf.net
Minneapolis, MN; Phoenix, AZ; Seattle, WA
Mr. Chip Fisher, Managing Director, cfisher@ghf.net, (612) 904-5704

Greif & Co.
www.greifco.com
Los Angeles, CA
Mr Jeremy Back, Director, back@greifco.com, (213) 346-9269

Growth Capital Partners, L.P.
www.growth-capital.com
Austin, TX; Dallas, TX; Greenwich, CT; Houston, TX
Mr. John Grimes, Managing Director, jgrimes@growth-capital.com, (214) 303-1177

GrowthPoint Technology Partners, LLC
www.gptpartners.com
Palo Alto, CA
Mr. Michael Shepherd, Managing Director, mshepherd@gptpartners.com,
(650) 322-2306

GTK Partners
www.gtkpartners.com
Los Angeles, CA; New York, NY; San Francisco, CA
Mr. James Turo, Managing Director , turo@gtkpartners.com, (310) 694-8202

Hales & Company, Inc.
www.halesgroup.com
Chicago, IL; New York, NY; San Francisco, CA; Seattle, WA
Mr. Mike Fletcher, Partner, mfletcher@halesgroup.com, (212) 592-5700

Harvey & Company LLC
www.harveyllc.com, Newport Beach, CA,
Mr. Eric Hartley, Managing Director (949) 757-0400

Headwaters MB
www.headwatersmb.com
Boston, MA; Burlington, VT; Denver, CO; Irvine, CA
Mr. John Ippolito, Managing Director, jippolito@headwatersmb.com, (781) 273-6062

HealthCare Markets Group
www.healthcaremarkets.com
Houston, TX
Mr. Francis Curry, Managing Director, fcurry@healthcaremarkets.com, (713) 629-6070

Hoefer & Arnett, Inc.
www.howebarners.com
Atlanta, GA; Austin, TX; Charlotte, NC; Chicago, IL; Cohasset, MA, Marblehead, MA; Raleigh, NC; San Francisco
Mr. Thomas Lynch, Managing Director, tlynch@howebarnes.com, (312) 655-2980

Hovde
www.hovde.com
Austin, TX; Chicago, IL; Dallas, TX; Los Angeles, CA; Palm Beach
Mr. James Hill, Managing Director, jhill@hovde.com, (310) 535-9200

Imperial Capital, LLC
www.imperialcapital.com
Boston, MA; Los Angeles, CA; Houston, TX; Minneapolis, MN; New York, NY;
Mr. John Mack, Head of Mergers & Acquisitions, jmack@imperialcapital.com
(310) 246-3705

Integris Partners
www.integris-partners.com
Denver, CO
Mr. Bill Eastwood, Managing Director, Bill@integris-partners.com, (970) 346-3950

Janney Montgomery Scott
www.janney.com
Over 50 offices Nationwide
Mr. Cliff Booth, Managing Director, cbooth@janney.com, (215) 665-6000

JD Ford & Company, L.L.C.
www.jdford.com
Dallas, TX; Denver, CO; Orange County, CA
info@jdford.com (303) 333-3673

JH Chapman Group L.L.C.
www.jhchapman.com
Chicago, IL
Mr. David Epstein, Principal, depstein@jhchapman.com, (773) 693-4800

JMP Group Inc.
www.jmpg.com
Boston, MA; Chicago, IL; New York, NY; San Francisco, CA
Mr. Peter Hunt, Director of Mergers & Acquisitions, phunt@jmpsecurities.com
(212) 906-3500

Jordan, Knauff & Company
www.jordanknauff.com
Chicago, IL; Kansas City, MO;
Mr. Thomas Knauff, Managing Principal, tknauff@jordanknauff.com
(312) 254-5900

Kaufman & Company, LLC
www.kcollc.com
Boston, MA
Mr. Seth Kaufman, Managing Director, sethkaufman@kcollc.com, (617) 426-0444

Kerlin Capital Group, LLC
www.kerlincapital.com
Los Angeles, CA
Mr. William Doyle, Managing Partner, wdoyle@kerlincapital.com, (213) 627-3300

Kurt Salmon Associates Capital Advisors, Inc.
www.kurtsalmon.com
Atlanta, GA; Los Angeles, CA; Minneapolis, MN; New York, NY; San Francisco, CA (212) 319-9450

Ladenburg Thalmann
www.ladenburg.com
Boca Raton, FL; Lincolnshire, IL; Los Angeles, CA; Miami, FL; Melville, NY; New York City, NY;
(212) 308-9494

Laidlaw & Company (UK) Ltd.
www.laidlawholdings.com
Boerne, TX; Fort Lauderdale, FL; Miami, FL; Melville, NY; New York, NY; San Francisco, CA; Stamford, CT
Mr. Alex Shtaynberger, Director, ashtaynberger@laidlawltd.com, (212) 697-5200

Landmark Ventures
www.landmarkventures.com
New York, NY; San Francisco, CA
info@landmarkventures.com (212) 268-8500

Leerink Swann & Company, Inc.
www.leerink.com
Boston, MA; New York, NY; San Francisco, CA
Mr. James Boylan, Senior Managing Director, (617) 248-1601

Lincoln International LLC
www.lincolninternational.com
Chicago, IL; Los Angeles, CA; New York, NY
Mr. Robert Brown , Managing Director, rbrown@lincolninternational.com
(312) 580-8340

M. R. Beal & Company
www.mrbeal.com
Chicago, IL; Dallas, TX; New York, NY; Sacramento, CA
Ms. Donna Sims-Wilson, President, dwillson@mrbeal.com, (212) 983-3930

Matrix Capital Markets Group, Inc.
www.matrixcapitalmarkets.com
Baltimore, MD; Richmond, VA
Mr. Jeff Moore, President, jmoore@matrixcmg.com, (804) 780-0060

Mazzone & Associates, LLC
www.globalmna.com
Atlanta, GA
Mr. Michael Bllom, Managing Director, mbloom@globalmna.com, (404) 931-8545

Mesirow Financial Holdings, Inc.
www.mesirowfinancial.com/investmentbanking/
Chicago, IL; New York, NY
Mr. John Chrysikopoulos, Managing Director, jsc@mesirowfinancial.com,
(212) 351-8181

MidMarket Capital Advisors, LLC
www.mmadvisors.com
Philadelphia, PA
Mr. Graem Howard, Managing Director, ghoward@mmadvisors.com, (215) 875-8201

Milestone Merchant Partners LLC
www.milestonecap.com
Miami, FL; Newport Beach, CA; Washington, DC
Mr. David Doyle, Managing Director, ddoyle@milestonecap.com, (202) 367-3005

Miller Buckfire
www.millerbuckfire.com
New York, NY
Mr. Jason Anderson, Managing Director, jason.anderson@millerbuckfire.com
(212) 895-1849

Morgan Joseph & Co. Inc.
www.morganjoseph.com
New York, NY
Ms. Sharon Reaves, Head of Investment Banking Recruiting sreaves@morganjoseph.com, (212) 218-3984

Needham & Company
www.needhamco.com
Boston, MA; Menlo Park, CA; New York, NY; San Francisco, CA
(212) 371-8300

Newbury Piret
www.newburypiret.com
Boston, MA
Mr. Allen Fullerton, Managing Director, afullerton@newburypiret.com, (617) 367-7300

North Point Advisors
www.nptadvisors.com
San Francisco, CA
Mr. Bill Placke, Managing Director, bplacke@nptadvisors.com, (415) 358-3500

Pagemill Partners, L.L.C.
www.pmib.com
Palo Alto, CA
Mr. Mark Grossman, Managing Director, mgrossman@pmib.com, (650) 354-4086

Pharus Advisors, LLC
www.pharus.com
New York, NY; San Francisco, CA
Mr. Michael Goodman, Managing Director, mgoodman@pharus.com, (212) 904-0100

Philpott Ball & Werner
www.pbandw.com
Boston, MA; Charlotte, NC
Mr. Edward Werner, President, twerner@pbandw.com, (978) 526-4200

Reynolds Advisory Partners
http://www.reynoldsap.com/recruiting.php
Denver, CO
Doug Reynolds, Managing Director, dreynolds@reynoldsap.com

Roth Capital Partners, LLC
wwww.roth.com
Los Angeles, CA; Newport Beach, CA; New York, NY; Radnor, PA; San Diego, CA; Seattle, WA
Mr. Michael Chill, Managing Director, mchill@roth.com, (646) 358-1905

Sagent Advisors
www.sagentadvisors.com
Charlotte, NC; Chicago, IL; New York, NY; San Francisco
Mr. David Bain, Managing Director, dbain@sagentadvisors.com
(415) 489-4400

Salem Partners LLC
www.salempartners.com
Los Angeles, CA
Mr. Trevor Bohn, Managing Director, tbohn@salempartners.com, (310) 806-4200

Savvian, LLC
www.gcasavvian.com
Chicago, IL; Menlo Park, CA; New York, NY; San Francisco, CA
Mr. James Avery, Managing Director, javery@gcasavvian.com, (415) 318-3600

Seven Hills Group LLC
www.sevenhillspartners.com
San Francisco, CA
Mr. David Weiss, Partner, dweiss@sevenhills.com, (415) 869-6225

Shattuck Hammond Partners
www.shattuckhammond.com
Atlanta, GA; Chicago, IL; Nashville, TN; New York, NY; San Francisco, CA
Mr. Phillip Camp, Managing Director, pcamp@shattuckhammond.com
(212) 314-0400

Shoreline Pacific LLC
www.shorelinepacific.com
San Francisco, CA
Mr. Paresh Patel, Director of Corporate Finance, ppatel@shorelinepacific.com
(415) 477 9908

Signal Hill Capital Group LLC
www.signalhill.com
Baltimore, MD; Nashville, TN; San Francisco, CA
Mr. Justin Balciunas, Managing Director, jbalciunas@signalhill.com, (443) 478-2400

Sperry, Mitchell & Company
www.sperrymitchell.com
New York, NY
(212) 832-6628

St. Charles Capital, LLC
www.stcharlescapital.com
Denver, CO
Mr. Wesley Brown, Managing Director, wbrown@stcharlescapital.com
(303) 339-9099

Susquehanna International Group, LLP
www.sig.com
Bala Cynwyd, PA; Boston, MA; Chicago, IL; New York, NY; Pasadena, CA; San Francisco, CA; Stamford, CT
(610) 617-2600

SVB Alliant
www.svb.com
Palo Alto, CA; Santa Clara, CA
Mr. Brian Larson, Head of Human Resources, blarson@svb.com, (408) 654-7400

The Riderwood Group Inc.
www.riderwood.com
Baltimore, MD
Mr. Mitchell Fillet President, mfillet@riderwood.com, (410) 825-5445

ThinkEquity Partners LLC
www.thinkequity.com
Boston, MA; Chicago, IL; Minneapolis, MN; New York, NY; San Francisco
Mr. Doug Gonsalves, Head of Mergers & Acquisitions, dgonsalves@thinkequity.com (415) 249-2900

Trinity Capital LLC
www.trinitycapitalllc.com
Los Angeles, CA
Mr. Chad Spaulding, Managing Director, cspaulding@trinitycapitalllc.com,
(310) 231-3109

TripleTree
www.triple-tree.com
Edina, MN
Mr. Scott Tudor, Managing Director, studor@triple-tree.com, (952) 253-5300

Triton Pacific Capital, LLC
www.tritonpacific.com
Los Angeles, CA
Mr. Joseph Davis, Managing Director, jdavis@tritonpacific.com, (310) 943-4990

Updata Capital, Inc.
www.updataadvisors.com
New York, NY, Reston, VA
Mr. John MacDonald, Partner, careers@updata.com, (212) 710-5795

Viant Capital LLC
www.viantgroup.com
San Francisco, CA
Stephen Gurney, Director, sgurney@viantgroup.com, (415) 820-6116

Waller Capital Corporation
www.wallercc.com
New York, NY
Mr. Jeffrey Brandon, Managing Director, wallercapital@wallercc.com, (212) 632-3600

Westlake Securities LLC
www.westlakesecurities.com
Austin, TX; Houston, TX
Mr. Randy Finch, Managing Director, rfinch@westlakesecurities.com, (512) 306-1651

Windstone Capital Partners, Inc.
www.windstonecapital.com
Scottsdale, AZ
Mr. Bill Miller, Managing Director, bfm@windstonecapital.com, (602) 224-2400

XRoads Solutions Group
www.xroadsllc.com
Santa Ana, CA
Mr. Dennis Simon, Head of Corporate Restructuring, dsimon@xroads.com
(949) 567-1612

1. Develop proprietary opinions based on primary research. Regularly check with competitors, customers, and suppliers of each of your companies. Develop unique approaches to financial analysis. Perform proprietary surveys. Avoid at all costs simply repeating guidance or management opinions unless you disagree with them.

2. Be proactive. Strive to be the first to market with any new idea or piece of information–if we aren’t, our competitors will. All information becomes a commodity very quickly. Each analyst should be in front of the institutional sales force no fewer than two to three times per week.

3. Be provocative. Playing it safe turns into a loser’s game over time. It dulls our senses and results in lackluster analysis with no impact on our clients.

4. Follow and publish regularly on at least 12-15 institutional-quality stocks with market caps generally in the $300 million – $3 billion range and with an average daily volume greater than 200,000 shares. Write all research with an eye to the institutional market–it can always be encapsulated for the retail client.

5. Launch coverage on at least one new stock per quarter, pruning unproductive names from the list as required.

6. Maintain an above-average stock picking performance. According to a Nelson’s survey, the average Wall Street analyst is right about 55% of the time; our goal should be to be right 65%-70% of the time.

7. Develop a following with our top accounts. Each focus account should be contacted at least once per month. This list will be developed with the sales force and will be monitored regularly.

8. Cooperate with corporate finance. Every idea generated by corporate finance deserves our attention, but be sure to operate within the regulations that require a gatekeeper to be present for most conversations.

9. Expand our relationship with retail. Only a small amount of retail’s equity business is in our names, and it can be much higher with a modest amount of additional effort. Treat the brokers that have substantial positions in your stocks as you would an institutional client—add them to your contact list. Talk to April Langel regularly about your stocks, maintain an active Focus List, and speak to the entire retail department periodically about your group and your best ideas. Return all calls from brokers within 24 hours. There should be regular visits to the branches, with a goal of 5 – 10 visits per year. Take company management to the major branches and arrange field trips to local companies.

10. Keep trading informed about anything that you think will impact a stock’s price and any clients who have indicated an interest in your stocks. Keep tabs on our positions in your stocks. If you believe that there are events that will substantially impact the price of a stock in the very near term, be sure that the desk is either flat or on the right side of the trade, being very careful not to front run the public disclosure of material, insider information.

1) Working at a main investment bank will get you better exposure to better clients. Your team head will decide when you are ready to start speaking to clients, but once you do, you get to interact and debate with PM’s and analysts from the likes of Blackrock, Fidelity, Alliance… as well as top hedge funds. This not only offers you the points of view of the top houses in the industry but also greatly expands your network if you are looking into making a jump into the buyside.

2) The size and quality of the sales and trading department at a bulge bracket will help you to get your name out there. If the sales people like you they will ask you loads of questions and try to grab you over to their desk when you visit the floor. This translates into more client exposure as they’ll want to bring you along with them. Sales don’t really care about hierarchy and will respect you if you know your stuff even though you might be a junior. Also interacting with traders allows you to be in the flow. When a client calls asking “why they hell is this stock up 3% if there’s been no news” you will be able to answer “oh, let me call my trader”.

3) Resources. Big banks have the capital to actually invest in department resources. I can’t tell you how awesome it is to not having to update company models every earnings because we have a guy in India who does it. You might have to proofread through it but that is so much easier then actually manually updating each model for the 15 companies you may have under coverage.

4) Management exposure. More often than not you will get more exposure to management teams outside the traditional analyst day, since they usually schedule their roadshows in liason with an investment bank. It’s pretty nice when you are 23 and you are on a first name basis with a CEO who who runs a company that is $8bn in mkt cap. If you want to jump into industry you know who to call.

5) IPO experience. If your sector is hot or you work for a top ranked analyst you will get a lot of IPO’s in your space simply because the company wants the top analyst to market them. This translates into you (aka the junior analyst) to be the guy who has to build the vetting model and write a substantial part of the initiation and marketing report. This is great experience to draw from when you are interviewing.

So all things considered, if you are in a position to choose between a junior role at a main investment bank or a smaller independent shop, take the bulge bracket offer and never look back.

Sales

You get to the office around 6am in order to spend most of your day on the phone trying to sell your clients products that they probably don’t need. If you’re not on the phone then you’re shouting across the floor to get prices from traders, and if you’re not doing that then you’re staring at technical analysis charts on Bloomberg – maybe you believe in them, maybe you don’t, but perhaps you can take one of them and spin a story around it so you can sell some shit to a client. Clients bitch at you, traders and researchers think you are an idiot, but at least you get to go home around 5.30pm.

Trading

You still get in early. On the bright side, you don’t have to deal with any clients in this role, but the downside is that you have to deal with salespeople, which is possibly even worse. If you’re lucky you can get to do proprietary trading, which is definitely more interesting than filling orders for clients (flow). The problem with prop is that you’re crapping bricks whenever it looks like a position isn’t going your way. Still better than being a salesman, but only marginally.

Structuring

At least there’s some variety in this role – as long as you like spending your day inventing a bewildering array of mind-bending financial structures designed to temporarily blind anyone who tries to comprehend them, at least for long enough so the salesperson can convince a client to part with enough cash now that it doesn’t matter when the whole thing turns out to be a bundle of lies. Well, that was what a structurer did before 2008. Now that everyone’s runs away from exotics like if they were the plague and vanilla is the new flavour of the day, they probably don’t have much to do anyway.

Research

This is one of the most soul-destroying positions in the bank. You get in as early as the traders, but there is no way you are going to be out before 7pm.  Fundamentally, the function of the research department in a bank is not to produce good research, but to produce something glossy that the salespeople can wave in the face of clients so that they can convince them to buy something. The research department can sit there with their huge models and their fancy analysis tools, but at the end of the day they’re employed to produce sales brochures. Oh, and don’t forget to suck a lot of client dick if you want get those Extel votes.

Quants

You are the traders’ bitch. Whenever a model isn’t working properly (or even when it is working properly, but the trader doesn’t like the results) the trader will shout at you over the phone, or even standing over your desk, demanding that you fix it now because NOTHING COULD POSSIBLY BE MORE IMPORTANT. And time after time, you’ll swallow your pride and do it, because quants are treated like second class citizens in an investment bank. You’ll try to convince yourself that the research you’re doing (whenever you get to do research rather than spending your time trying to fix a 100 MB Excel spreadsheet) is just as interesting as what you were doing before you joined the bank, but deep down you know that you’re only lying to yourself. What makes things worse is that the useless idiot who shouts at you makes 3 times more money that you do.

IBD
For some reason, some people think the job is glamorous. It’s obviously not. Walk around the offices of any major investment bank around 1-2am, and you will see this tired, haggard investment bankers crawling out of the office in the small hours of the morning and falling limply into taxis, just so they can do exactly the same thing again tomorrow, and the day after, and at the weekend. Most of them don’t even have a clue about finance, but have truly mastered the secrets of PowerPoint. You have to pity these poor souls.

NYC
_______________________________________________
Advent Financial
Afin Securities International Ltd., Research Division
Agile Equity, LLC, Research Division
Albert Fried & Company, LLC, Research Division
Alembic Global Advisors
Alpha Finance US Corp., Research Division
AMI Research
Ardour Capital Investments, LLC, Research Division
Arete Research Services LLP
Auerbach Grayson & Company Incorporated, Research Division
Auriga USA LLC, Research Division
B. Riley & Co., Inc.
B. Riley & Co., LLC, Research Division
Balis, Lewittes & Coleman Inc., Research Division
Barclays Capital, Research Division
BB&T Capital Markets Inc.
BB&T Capital Markets, Research Division
BBVA Securities Inc., Research Division
BDR Research Group, LLC
Bishop, Rosen & Co., Inc.
Bishop, Rosen & Co., Inc., Research Division
BofA Merrill Lynch, Research Division
Boyar Financial Publishing, LLC
Boyar’s Intrinsic Value Research LLC
Brean Murray, Carret & Co., LLC, Research Division
Brigantine Advisors LLC
Bristol Investment Group, Inc., Research Division
BTG Pactual S.A., Research Division
BTIG, LLC, Research Division
Buckingham Research Group, Inc.
Canaccord Genuity, Research Division
Cantor Fitzgerald & Co., Research Division
Cantor Fitzgerald, LP
Capstone Investments, Research Division
Caris & Company, Inc.
Caris & Company, Research Division
Casimir Capital L.P., Research Division
CentreInvest Inc.
Chardan Capital Markets, LLC, Research Division
Christensen
CIBC World Markets Corp., American Research Division
CJI Capital Markets Inc., Research Division
CL King & Associates, Inc
Coleman & Company Securities, Inc., Research Division
Collins Stewart LLC, Research Division
Corinthian Partners, L.L.C.
Cowen & Co., LLC
Cowen and Company, LLC, Research Division
Creative Global Investments LLC, Research Division
Credit Agricole Securities (USA) Inc., Research Division
Crystal Equity Research, LLC
Crystal Partners & Co., LLP
Crystal Research Associates LLC
Custom Equity Research, Inc., Advisory Arm
Cuttone & Company, Inc.
Cyrano Equity Research Inc.
Dahlman Rose & Company, LLC, Research Division
Daiwa Capital Markets America Inc., Research Division
DBS Vickers Research
Divine Capital Markets LLC
Dudack Research Group
Duncan-Williams, Inc., Research Division
Emissary Capital Group, LLC, Research Division
Englander Research
ESN North America, Inc.
Evercore Partners Inc., Research Division
Favus Institutional Research, LLC
FBN Securities, Inc., Research Division
Fourteen Research Corp.
Fox-Pitt Kelton Cochran Caronia Waller Limited, Research Division
FTN Equity Capital Markets Corp.
GC Research Ltd.
GKN Securities Corp., Research Division
Gleacher & Company, Inc., Research Division
Global Hunter Securities, LLC, Research Division
Gluckstein & Silverspoon
Goldman Sachs Group Inc., Research Division
Great Eastern Securities, Inc., Research Division
Griffen-Rose, LLC
Hapoalim Securities U.S.A., Inc.
Hapoalim Securities USA, Inc., Research Division
Harbinger Research, LLC
Harris Nesbitt Corp.
HCFP Brenner Securities LLC, Research Division
HealthpointCapital, LLC, Research Division
Hornblower & Weeks, Research Division
Hudson Square Research, Inc.
ING Groep N.V., Research Division
InSync Analytics LLC, Research Division
Investrend Research
Irevna Limited
ITG Investment Research Inc.
Jefferies & Company, Inc.
Jefferies & Company, Inc., Research Division
Jesup & Lamont Securities Corporation, Research Division
JMP Securities LLC, Research Division
Joseph Gunnar & Co., LLC, Research Division
JP Morgan Chase & Co, Research Division
Kaufman Bros., L.P.
Kaufman Bros., L.P., Research Division
KBC Securities NV
Keefe, Bruyette, & Woods, Inc., Research Division
Kevin Dann & Partners, Research Division
KeyBanc Capital Markets Inc.
Kim & Company LLC
Kim Eng Research Pte. Ltd.
KTA Research, LLC
Ladenburg Thalmann & Co. Inc., Research Division
Lazard Capital Markets LLC, Research Division
Ledgemont Capital Markets LLC
Leerink Swann LLC, Research Division
Lombard Street Research Limited
Longbow Research LLC
M. R. Beal & Company
M. R. Beal & Company, Research Division
Macquarie Research
Maxim Group LLC, Research Division
McNicoll, Lewis & Vlak LLC, Research Division
MDB Capital Group LLC, Research Division
Mehta Partners, LLC, Research Division
Meridian Equity Partners, Inc., Research Division
Merlin Securities, LLC, Research Division
Merriman Curhan Ford & Co., Research Division
Merriman Holdings, Inc. (NasdaqCM:MERR)
Miller Tabak & Co., LLC, Research Division
Miller Tabak Roberts Securities, LLC, Research Division
Mitsubishi UFJ Securities (USA), Inc., Research Division
Mizuho Securities Co., Ltd., Research Division
MKM Partners LLC, Research Division
MKM Partners, LLC
Monarch Capital Group, LLC
Monness, Crespi, Hardt & Co., Inc., Research Division
Morgan Joseph TriArtisan LLC, Research Division
Morgan Stanley, Research Division
Muriel Siebert & Co., Research Division
Murphy & Durieu, L.P., Research Division
National Securities Corporation, Research Division
Natixis Bleichroeder LLC, Research Division
Natixis Securities North America Inc., Research Division
Needham & Company, LLC, Research Division
New York Global Securities, Inc., Research Division
Noble Financial Group, Inc., Research Division
Numis Securities Ltd., Research Division
o3 Capital Advisors Pvt. Ltd.
Olympia Asset Management, Ltd.
Olympia Capital Markets Group, Research Division
Oppenheimer & Co. Inc., Research Division
Oppenheimer Holdings Inc. (NYSE:OPY)
Opus Group Financial
Oscar Gruss and Son Inc.
Oscar Gruss and Son Inc., Research Division
PAA Research LLC
Pali Capital Inc., Research Division
Pali Capital, Inc.
Palladian Research LLC
Phoenix Partners Group, LP, Research Division
Pivotal Research Group
Portales Partners, LLC
Prime Equity Research
Pritchard Capital Partners, LLC, Research Division
Putnam Lovell
Rapid Ratings Pty Ltd., Research Division
RB Milestone Group, LLC
RBC Capital Markets LLC
RL Renck & Co., Inc.
RL Renck & Co., Inc., Research Division
Robert Fleming Inc.
Robotti & Company Incorporated, Research Division
Rodman & Renshaw Capital Group, Inc. (NasdaqGM:RODM)
Rosetta Group Research L.L.C.
Rothschild Inc., Research Division
S&P Equity Research
Samuel A. Ramirez & Co., Inc., Research Division
Sandler O’Neill + Partners, L.P., Research Division
Sandler O’Neill & Partners, L.P.
Santander, Equity Research
SEB Enskilda, Research Division
SG Corporate & Investment Banking
Sidoti & Company, LLC
Simon Securities Inc., Research Division
Soleil Securities Group, Inc.
Southridge Research Group LLC
Spelman Research Associates, Ltd.
Standard & Poor’s Corporation
Stephens Inc., Research Division
Sterne Agee & Leach Inc., Research Division
Strategic International Securities Research Inc.
Sturza’s Medical Investment Letter
Summer Street Research Partners
SunTrust Robinson Humphrey Capital Markets
Susquehanna Financial Group, LLLP, Research Division
Technology Insights Research LLC
Telsey Advisory Group LLC
The Argus Research Group, Inc.
The National Research Exchange Inc.
The Williams Capital Group, L.P., Research Division
The Zephirin Group, Inc.
ThinkEquity LLC, Research Division
Thomas Weisel Partners Equity Research
Thomas Weisel Partners Group, Inc.
TIAA-CREF, Research Division
Ticonderoga Securities LLC
Tocqueville Asset Management LP, Research Division
Tradition Asiel Securities, Inc., Research Division
TriPoint Global Equities, LLC, Research Division
Tuohy Brothers Investment Research Inc.
UniCredit Research
UOB Kay Hian Research Pte Ltd
US Securities & Futures Corporation, Research Division
Utendahl Capital Partners LP, Research Division
Vector Securities, L.L.C.
Viriathus Research LLC
W. Quillen Securities, Research Division
Wall Street Strategies Corp. (OTCPK:WSSS.Q)
WestLB Panmure
WestPark Capital, Inc.
Wm Smith & Co.
WR Hambrecht + Co., LLC
WR Hambrecht + Co., LLC, Research Division
Wunderlich Securities Inc., Research Division

Greater LA
____________________________________
B. Riley & Co., Inc.
B. Riley & Co., LLC, Research Division
Barclays Capital, Research Division
BB&T Capital Markets Inc.
Black Box Investing, Inc.
Boston Group LP, Research Division
Brimmal Research, LLC
C. K. Cooper & Company
C. K. Cooper & Company, Inc., Research Division
Cantor Fitzgerald, LP
Core Pacific -Yamaichi International (H.K.) Limited, Research Division
Crowell, Weedon & Co., Research Division
Dabney/Resnick/Imperial LLC, Research Division
Emerging Growth Stocks, LLC
EquityNet Research
GHS Dutton, LLC
Global Hunter Securities, LLC, Research Division
GP Group, LLC, Research Division
Harris Nesbitt Corp.
Haugen Custom Financial Systems, Inc.
InterFirst Capital Corp., Research Division
Jefferies & Company, Inc.
Loop Capital Markets, LLC
ManageSource Financial Group, Inc., Research Division
MDB Capital Group LLC, Research Division
Merriman Curhan Ford & Co., Research Division
Merriman Holdings, Inc. (NasdaqCM:MERR)
National Capital Securities, Inc., Research Division
New Earth Capital Group
Putnam Lovell
Roth Capital Partners, LLC, Research Division
Singular Research
Stockcross Financial Services, Inc., Research Division
The Capital Group Companies, Inc., Research Division
The Seidler Companies Inc.
Vista Partners LLC
W.A.B. Capital, LLC
Wedbush Securities Inc., Research Division
Wells Fargo Advisors, LLC
WestPark Capital, Inc.
Wilshire Mutual Funds, Inc – Wilshire 5000 Index Portfolio (MutualFund:WFIV.X)
Wilshire Mutual Funds, Inc. – Small Company Growth Portfolio (MutualFund:DTSG.X)
Wilshire Mutual Funds, Inc.-Wilshire Large Company Growth Portfolio (MutualFund:DTLG.X)

SF Bay Area & Silicon Valley
________________________________
Americal Securities Inc., Research Division
Avondale Partners, LLC
B. Riley & Co., Inc.
B. Riley & Co., LLC, Research Division
Blaylock Robert Van, LLC
BofA Merrill Lynch, Research Division
Brean Murray, Carret & Co., LLC, Research Division
Brigantine Advisors LLC
Canaccord Genuity, Research Division
Cantor Fitzgerald, LP
Caris & Company, Inc.
Caris & Company, Research Division
Charles Schwab & Co. Inc.
Charter Equity Research
Cowen and Company, LLC, Research Division
Custom Equity Research, Inc., Advisory Arm
Duncan-Williams, Inc., Research Division
Farmhouse Equity Research, LLC
GC Research Ltd.
Gleacher & Company, Inc., Research Division
Global Hunter Securities, LLC, Research Division
Goldman Sachs Group Inc., Research Division
Harris Nesbitt Corp.
Howe Barnes Hoefer & Arnett, Inc., Research Division
Infinium Securities, Inc., Research Division
Jefferies & Company, Inc.
Jefferies & Company, Inc., Research Division
JMP Group Inc. (NYSE:JMP)
JMP Securities LLC, Research Division
JP Morgan Chase & Co, Research Division
Kaufman Bros., L.P.
Keefe, Bruyette, & Woods, Inc., Research Division
Longbow Research LLC
Loop Capital Markets, LLC
Merriman Curhan Ford & Co., Research Division
Merriman Holdings, Inc. (NasdaqCM:MERR)
Mitsubishi UFJ Securities (USA), Inc., Research Division
Morgan Stanley, Research Division
Needham & Company, LLC, Research Division
Nollenberger Capital Partners, Inc., Research Division
Pacific Crest Securities, Inc.
Polestar Investment Research LLC
Portsmouth Financial Services, Research Division
Putnam Lovell
RBC Capital Markets LLC
RBC Capital Markets, LLC, Research Division
Redwood Securities Group Incorporated, Research Division
Robert W. Baird & Co. Incorporated, Research Division
Rutberg & Company, LLC
Rutberg & Company, LLC, Research Division
Sandler O’Neill & Partners, L.P.
Semi Equity Partners
Soleil Securities Group, Inc.
Sterne Agee & Leach Inc., Research Division
Stone & Youngberg LLC, Research Division
Susquehanna Financial Group, LLLP, Research Division
ThinkEquity LLC, Research Division
Thomas Weisel Partners Equity Research
Thomas Weisel Partners Group, Inc.
Tiburon Research Group, Inc.
Vista Partners LLC
Wedbush Securities Inc., Research Division
William Blair & Company, L.L.C.
WR Hambrecht + Co., LLC
WR Hambrecht + Co., LLC, Research Division

Dallas
__________________________________-
Baldwin Anthony Securities, Inc., Research Division
Cantor Fitzgerald, LP
Dallas Research & Trading
First Dallas Securities, Research Division
Global Hunter Securities, LLC, Research Division
JP Morgan Chase & Co, Research Division
M. R. Beal & Company
Southwest Securities, Inc.
Stephens Inc., Research Division
Sterne Agee & Leach Inc., Research Division
Stifel, Nicolaus & Co., Inc., Research Division
Stonegate Securities Inc., Research Division
William K. Woodruff & Company, LLC, Research Division
San Diego
___________________________
Avondale Partners, LLC
California Equity Research, LLC
Capstone Investments, Research Division
Caris & Company, Inc.
Caris & Company, Research Division
Ford Equity Research, Inc.
WBB Securities, LLC, Research Division

Greater Houston
____________________________
BofA Merrill Lynch, Research Division
Canaccord Genuity, Research Division
Cantor Fitzgerald, LP
D.E. Wine Investment Inc., Research Division
Dahlman Rose & Company, LLC, Research Division
Duncan-Williams, Inc., Research Division
Global Hunter Securities, LLC, Research Division
Goldman Sachs Group Inc., Research Division
Howard Weil Incorporated
Howard Weil Incorporated, Research Division
Jefferies & Company, Inc.
Jefferies & Company, Inc., Research Division
JP Morgan Chase & Co, Research Division
Loop Capital Markets, LLC
Midkiff & Stone Capital Group, Inc.
Pin Money Investments, LLC, Research Division
Pritchard Capital Partners, LLC, Research Division
RBC Capital Markets LLC
Royalist Independent Equity Research, Ltd.
SunTrust Robinson Humphrey, Inc., Research Division
The Carson Medlin Company
Tudor, Pickering, Holt & Co. Securities, Inc.
Tudor, Pickering, Holt & Co. Securities, Inc., Research Division
Tudor, Pickering, Holt & Co., LLC
U.S. Capital Advisors LLC, Research Division
Wunderlich Securities Inc., Research Division

Chicago
_____________________________
Advanced Equities Inc., Research Division
Ativo Research, LLC
Barrington Research Associates, Inc., Research Division
Brookshire Advisory and Research, Inc.
Cantor Fitzgerald, LP
Credit Suisse Securities LLC – Holt
First Analysis Securities Corporation, Research Division
Fox-Pitt Kelton Cochran Caronia Waller Limited, Research Division
FTN Financial Group
Gar Wood Securities, LLC, Research Division
Harris Nesbitt Corp.
Howe Barnes Hoefer & Arnett, Inc., Research Division
Jackson Securities, LLC, Research Division
JMP Securities LLC, Research Division
KeyBanc Capital Markets Inc.
Loop Capital Markets, LLC
M. R. Beal & Company
Next Generation Equity Research, LLC
Next Generation Holding, L.L.C.
Robert W. Baird & Co. Incorporated, Research Division
Sandler O’Neill & Partners, L.P.
SG Corporate & Investment Banking
Spin-Off Advisors, LLC
Sturdivant & Co., Inc., Research Division
TJM Institutional Services, LLC, Research Division
Wayne Hummer Wealth Management, Research Division
William Blair & Company L.L.C., Research Division
William Blair & Company, L.L.C.
Zacks Investment Research Inc.

Boston
___________________________
America’s Growth Capital, Research Division
Arete Research Services LLP
Avondale Partners, LLC
BB&T Capital Markets Inc.
Brigantine Advisors LLC
Canaccord Genuity, Research Division
Cantor Fitzgerald, LP
Caris & Company, Inc.
Caris & Company, Research Division
CL King & Associates, Inc
Collins Stewart LLC, Research Division
Cowen & Co., LLC
Cowen and Company, LLC, Research Division
Custom Equity Research, Inc., Advisory Arm
Eaton Vance Mutual Funds Trust – Eaton Vance Large-Cap Core Research Fund (MutualFund:EAER.X)
FAC Equities
GC Research Ltd.
Goldman Sachs Group Inc., Research Division
Harris Nesbitt Corp.
ITG Investment Research Inc.
Jefferies & Company, Inc.
Jefferies & Company, Inc., Research Division
JMP Securities LLC, Research Division
Leerink Swann LLC, Research Division
Merriman Curhan Ford & Co., Research Division
Merriman Holdings, Inc. (NasdaqCM:MERR)
Morgan Stanley, Research Division
Needham & Company, LLC, Research Division
Neponset Equity Research, Inc.
Off Wall Street Consulting Group, Inc.
Pacific Crest Securities, Inc.
Pioneer Investment Management, Inc, Research Division
Pulse Trading, Inc.
RBC Capital Markets LLC
Robert W. Baird & Co. Incorporated, Research Division
Sandler O’Neill & Partners, L.P.
Soleil Securities Group, Inc.
Summer Street Research Partners
SunTrust Robinson Humphrey Capital Markets
Susquehanna Financial Group, LLLP, Research Division
Thomas Weisel Partners Group, Inc.
Wellington Management Company LLP, Research Division
William Blair & Company L.L.C., Research Division
WR Hambrecht + Co., LLC, Research Division

Seattle
_____________________________
Cantor Fitzgerald, LP
E.K.Riley Investments, LLC, Research Division
First Washington Corporation, Research Division
KeyBanc Capital Markets Inc.
McAdams Wright Ragen, Inc.
McAdams Wright Ragen, Inc., Research Division
PitchBook Data, Inc.
Stifel, Nicolaus & Co., Inc., Research Division

Denver Area
________________________________
Denver Investment Advisors LLC, Research Division
Gleacher & Company, Inc., Research Division
GVC Capital LLC, Research Division
KeyBanc Capital Markets Inc.
Mejia Capital Consulting
Morgan Keegan & Company, Inc., Research Division
RBC Capital Markets LLC
Robert W. Baird & Co. Incorporated, Research Division
Thomas Weisel Partners Equity Research
Tudor, Pickering, Holt & Co., LLC
Wm Smith & Co.
Wm Smith Securities, Inc.
Wunderlich Securities Inc., Research Division

Greater London
________________________________
Absolute Strategy Research Limited
Actinvest Group Ltd.
Allenby Capital Limited, Research Division
Almeida Capital Ltd.
Ambrian Partners Ltd.
Arbuthnot Securities Limited, Research Division
Arete Research Services LLP
Atlantic Equities LLP
Barclays Capital, Research Division
Beaufort International Associates Limited, Research Division
Charles Stanley Securities, Research Division
City Capital Corporation Limited, Research Division
Collins Stewart plc, Research Division
Consumer Equity Research
Coutts & Co, Research Division
Echelon Research & Advisory LLP
European Securities Network LLP
Exane BNP Paribas
Frost Consulting & Advisory, Research Division
GMP Securities L.P., Research Division
Granville Baird
Hammer Partners SA
HB Markets Plc, Research Division
ING Groep N.V., Research Division
Irevna Limited
Jefferies & Company, Inc.
KBC Securities- CEE Research
Keefe, Bruyette & Woods Limited, Research Division
Libertas Partners LLP, Research Division
MainFirst Bank AG, Research Division
Marble Arch Research
Mirabaud Securities Limited, Research Division
Morgan Grenfell & Co Ltd., Research Division
New Street Research LLP
Ocean Equities Limited, Research Division
Old Park Lane Capital Plc., Research Division
Oraca Ltd.
Pali International Limited, Research Division
Putnam Lovell
RBC Capital Markets LLC
Robert W. Baird & Co. Incorporated, Research Division
Robertson Stephens International, Ltd.
S&P Equity Research
Standard & Poor’s Corporation
Stifel, Nicolaus & Co., Inc., Research Division
SVS Securities Plc, Research Division
Teathers, Research Division
Thomas Weisel Partners Group, Inc.
UOB Kay Hian Research Pte Ltd
Vicarage Capital Limited, Research Division
WestLB AG, Research Division
WestLB Panmure

Hong Kong
____________________________________–
3V Capital Limited, Research Division
ABCI Securities Company Limited, Research Division
Amsteel Securities (HK) Ltd., Research Division
Barclays Capital, Research Division
BofA Merrill Lynch, Research Division
Cantor Fitzgerald, LP
CCB International Securities Limited, Research Division
Christensen
CN Intelligence Group Limited
Core Pacific -Yamaichi International (H.K.) Limited, Research Division
Credit Agricole Securities (USA) Inc., Research Division
CSC Securities (HK) Ltd., Research Division
DBS Vickers Research
East Asia Securities Company Limited, Research Division
Emperor Securities Limited, Research Division
Everbright Securities Co. LTD., Research Division
First Shanghai Securities Limited, Research Division
Fox-Pitt Kelton Cochran Caronia Waller Limited, Research Division
Goldman Sachs Group Inc., Research Division
Guotai Junan Securities (Hong Kong) Limited, Research Division
Haitong International Research Limited
Hani Securities (H.K.) Limited, Research Division
ING Groep N.V., Research Division
Japan Asia Securities Limited, Research Division
Jefferies & Company, Inc.
Jefferies & Company, Inc., Research Division
JP Morgan Chase & Co, Research Division
Keefe, Bruyette & Woods Asia Limited, Research Division
KGI Securities Co. Ltd., Research Division
Kim Eng Research Pte. Ltd.
Kingston Securities Limited, Research Division
Kingsway Financial Services Group Limited, Research Division
Lehman Brothers Asia Ltd.
Lombard Street Research Limited
Macquarie Research
MainFirst Bank AG, Research Division
Mega Securities (Hong Kong) Company Limited, Research Division
Mirae Asset Securities Co., Ltd., Research Division
Morgan Stanley, Research Division
Nava Standard Chartered Securities Investment Ltd., Research Division
Nomura Asian Equity Research
Oriental Patron Financial Group
Oriental Patron Securities Limited, Research Division
OSK Securities Hong Kong Limited, Research Division
Pacific Challenge Securities Limited, Research Division
Piper Jaffray Asia Securities Limited, Research Division
Platinum Broking Company Limited
Platinum Broking Company Limited, Research Division
Polaris Securities (Hong Kong) Limited, Research Division
Primasia Securities Company Limited, Research Division
Quam Research
RBC Capital Markets LLC
RBS Research
Religare Capital Markets, Research Division
REXCAPITAL Securities Limited
Robotti & Company Incorporated, Research Division
S&P Equity Research
SBI E2 Capital Securities Ltd, Research Division
SinoPac Securities Investment Service, Research Division
South China Research Limited
Standard & Poor’s Corporation
Sun Hung Kai Research Limited
Taishin Securities (Hong Kong) Company Limited, Research Division
Tung Tai Securities Company Limited, Research Division
UBS Securities Asia Limited, Research Division
UOB Kay Hian Research Pte Ltd
Wellington Management Company LLP, Research Division
WestPark Capital, Inc.

Singapore
__________________________
AmFraser Securities Pte. Ltd.
AmFraser Securities Pte. Ltd., Research Division
BofA Merrill Lynch, Research Division
Cantor Fitzgerald, LP
Credit Agricole Securities (USA) Inc., Research Division
DBS Vickers Research
Exane BNP Paribas, Research Division
Goldman Sachs Group Inc., Research Division
IIFL Research
ING Groep N.V., Research Division
Jefferies & Company, Inc., Research Division
JP Morgan Chase & Co, Research Division
Kim Eng Research Pte. Ltd.
Lincoln Crowne & Company, Research Division
Macquarie Research
Morgan Stanley, Research Division
Nomura Asian Equity Research
NRA Capital Pte. Ltd.
Pali International Limited, Research Division
Pareto Securities, Research Division
RBS Research
S&P Equity Research
SEB Enskilda, Research Division
SG Securities (Singapore) Pte Ltd., Research Division
SIAS Research Pte Ltd
UOB Kay Hian Research Pte Ltd
Wellington Management Company LLP, Research Division

Zurich
_______________________-
Bank am Bellevue, Research Division
Bank Sarasin, Research Division
Helvea SA, Research Division
Limmat Research
MainFirst Bank AG, Research Division
Mont Blanc Capital Management AG, Research Division
Morgan Stanley, Research Division

Atlanta
_____________
Avondale Partners, LLC
Cantor Fitzgerald, LP
FIG Partners, LLC, Research Division
FinancialDNA, L.L.C., Research Division
Harris Nesbitt Corp.
Jefferies & Company, Inc.
Keefe, Bruyette, & Woods, Inc., Research Division
KeyBanc Capital Markets Inc.
Lenox Equity Research, LLC
Pritchard Capital Partners, LLC, Research Division
RBC Capital Markets LLC
Robert W. Baird & Co. Incorporated, Research Division
Sandler O’Neill & Partners, L.P.
SunTrust Robinson Humphrey Capital Markets
SunTrust Robinson Humphrey, Inc., Research Division
The Carson Medlin Company
Value & Growth Research Associates, Inc.
Wells Fargo Advisors, LLC

Charlotte
____________________________
BB&T Capital Markets Inc.
Cantor Fitzgerald, LP
RBC Capital Markets LLC
Robert W. Baird & Co. Incorporated, Research Division
SunTrust Robinson Humphrey Capital Markets

Sacramento
________________
Dutton Associates, LLC
GHS Dutton, LLC
M. R. Beal & Company

Toronto
______________________
Accountability Research Corporation
Barclays Capital, Research Division
Bloom Burton & Co., Research Division
BMO Nesbitt Burns, Inc.
BofA Merrill Lynch Canada, Inc.
BofA Merrill Lynch, Research Division
C.P.M.S. Computerized Portfolio Management Services, Inc.
Canaccord Genuity, Research Division
Capital Ideas Research
Catalyst Equity Research, Inc.
Clarus Securities Inc.
Clarus Securities Inc., Research Division
Cormark Securities Inc., Research Division
Desjardins Securities Inc., Research Division
Dominick and Dominick Securities Inc., Research Division
Dundee Securities Corporation
Dundee Securities Corporation, Research Division
First Delta Securities Inc.
Fraser Mackenzie Limited
Fraser Mackenzie Limited, Research Division
Genuity Capital Markets
GMP Capital Inc. (TSX:GMP)
GMP Securities L.P., Research Division
Greenius Inc.
Haywood Securities Inc.
Haywood Securities Inc., Research Division
Independent Equity Research Corp.
Independent Insight Inc.
Industrial Alliance Securities Inc., Research Division
Jacob Securities Inc., Research Division
Jennings Capital Inc.
Laurentian Bank Securities, Inc., Research Division
Loewen Ondaatje McCutcheon Limited, Research Division
M Partners Inc., Research Division
Mackie Research Capital Corporation
Macquarie Capital Markets Canada Ltd., Research Division
Macquarie Research
Maison Placements Canada Inc., Research Division
MGI Securities Inc., Research Division
National Bank Financial, Inc., Research Division
NCP Northland Capital Partners Inc., Research Division
NextGen India Investments
Northern Securities Inc.
Northern Securities, Inc., Research Division
Octagon Capital Corporation, Research Division
Oppenheimer Holdings Inc. (NYSE:OPY)
Paradigm Capital, Inc.
Paradigm Capital, Inc., Research Division
Raymond James & Associates, Inc., Research Division
Raymond James Ltd.
RBC Capital Markets LLC
RBC Capital Markets, LLC, Research Division
S&P Equity Research
Salman Partners Inc.
Salman Partners Inc., Research Division
Standard & Poor’s Corporation
Stifel, Nicolaus & Co., Inc., Research Division
Stonecap Securities Inc., Research Division
TD Newcrest Capital Inc., Research Division
Thomas Weisel Partners Canada Inc., Research Division
Thomas Weisel Partners Equity Research
Thomas Weisel Partners Group, Inc.
TMB Research
Toll Cross Securities Inc., Research Division
Toll Cross Securities, Inc.
UOB Kay Hian Research Pte Ltd
Veritas Investment Research Corporation
Versant Partners Inc., Research Division
Wellington West Capital Markets Inc.
Wellington West Capital Markets Inc., Research Division
Wolverton Securities Ltd, Research Division

Hartford & Stamford Areas
__________________________
Bhirud Associates, Inc., Research Division
Cantor Fitzgerald, LP
Chatsworth Securities LLC
Consumer Edge Research, LLC
CRT Capital Group LLC
CRT Capital Group LLC, Research Division
Delco Advisors, Research Division
Dowling & Partners Securities, LLC
Euro Pacific Capital, Inc., Research Division
Excalibur Research Group
GE Asset Management Incorporated, Research Division
Gleacher & Company, Inc., Research Division
Jefferies & Company, Inc.
Keefe, Bruyette, & Woods, Inc., Research Division
Langen McAlenney
Mercury Partners LLC, Research Division
MKM Partners LLC, Research Division
MKM Partners, LLC
Nutmeg Securities Ltd., Research Division
RBC Capital Markets LLC
Robert W. Baird & Co. Incorporated, Research Division
Southridge Research Group LLC
Susquehanna Financial Group, LLLP
Susquehanna Financial Group, LLLP, Research Division
Tokeneke Research LLC
Westport Capital Markets, LLC, Research Division
William Blair & Company, L.L.C.

Germany
______________________
Ardour Capital Investments, LLC, Research Division
B. Metzler seel. Sohn & Co. Holding AG
Bank M-biw Bank für Investments und Wertpapiere AG, Research Division
Bankhaus Lampe KG, Research Division
Berenberg Bank, Research Division
BofA Merrill Lynch, Research Division
CA Cheuvreux, Research Division
Concord Equity Research
Concord Investmentbank AG (DB:CEF)
Danske Markets Equities, Research Division
Dr. Kalliwoda Research GmbH
Equity Analyst Ltd.
European Securities Network LLP
Eurosharelab
Fairesearch GmbH & Co KG
First Berlin Equity Research GmbH
GBC AG
Going Public Media AG, Research Division
GSC Research Gmbh
Hauck & Aufhauser Institutional Research GmbH
Jefferies & Company, Inc.
Jefferies & Company, Inc., Research Division
Kepler Capital Markets
Kepler Capital Markets, Research Division
Landesbank Berlin Holding AG, Research Division
Macquarie Research
MainFirst Bank AG, Research Division
Marble Arch Research
Merck Finck & Co., Research Division
Metzler Equities, Research Division
Midas Research GmbH
Robert W. Baird & Co. Incorporated, Research Division
Robertson Stephens International, Ltd.
S&P Equity Research
SEB Enskilda, Research Division
SES Research GmbH
SG Corporate & Investment Banking
Silvia Quandt Research GmbH
SRC Research GmbH
SRH AlsterResearch AG
Standard & Poor’s Corporation
Transformanz GmbH
UniCredit Research
VCH Investment Group AG
VEM Aktienbank AG, Research Division
VISCARDI Equity Research
WestLB AG, Research Division
WestLB Panmure
Worldwide Equity Research AG

Pittsburgh
________________________________-
Parker/Hunter Inc, Research Division
Parker/Hunter Inc.
PNC Wealth Management, Research Division

Poland
___________________________
Bank DnB Nord Polska S.A., Research Division
Bank Handlowy W Warszawie SA, Research Division
BRE Bank Securities S.A., Research Division
DB Securities S.A.
DM Penetrator SA, Research Division
Dom Maklerski AmerBrokers, Research Division
Dom Maklerski Banku BPS S.A., Research Division
Dom Maklerski BZ WBK S.A., Research Division
Dom Maklerski IDMSA, Research Division
Erste Group Bank AG, Research Division
ING Groep N.V., Research Division
Ipopema Securities S.A., Research Division
KBC Securities NV
KBC Securities- CEE Research
Millennium Dom Maklerski Spolka Akcyjna, Research Division
PKO BP Securities, Research Division
UniCredit Research
Wood & Company, Research Division

Belgium
_____________________________
7c Consult, Research Division
Banque Degroof, Research Division
Corluy & Co Research
Dewaay, Servais & Cie, Research Division
European Securities Network LLP
Exane BNP Paribas, Research Division
ING Groep N.V., Research Division
KBC Bank NV, Research Division
KBC Securities NV
KBC Securities NV, Research Division
Vermeulen-Raemdonck SA, Research Division

Australia
______________________
BBY Limited, Research Division
BGF Capital Group, Research Division
BofA Merrill Lynch, Research Division
Burrell Stockbroking Pty Ltd., Research Division
CCZ Statton Equities Pty Ltd.
CCZ Statton Equities Pty Ltd., Research Division
CIBC World Markets Australia Corporate Pty Limited, Research Division
Citigroup Pty. Limited
Commonwealth Bank of Australia, Research Division
Credit Agricole Securities (USA) Inc., Research Division
D J Carmichael Pty Ltd., Research Division
Diogenes Research Pty Ltd.
E.L. & C. Baillieu Stockbroking Ltd., Research Division
F. W. Holst and Co. Pty Ltd., Research Division
F.W. Holst & Co Pty Ltd.
Far East Capital Ltd., Research Division
Goldman Sachs & Partners Australia Pty Ltd, Research Division
Goldman Sachs Group Inc., Research Division
Hadley Green Investment Group, Research Division
JP Morgan Chase & Co, Research Division
LINWAR Securities Pty Limited, Research Division
Macquarie Research
Martin Place Securities Pty Ltd., Research Division
MC Capital & Co. Pty Limited, Research Division
Microequities Pty Ltd.
Moelis Australia Securities Pty Ltd, Research Division
Moelis Australia Securities Pty Ltd.
Morgan Stanley, Research Division
Nomura Asian Equity Research
Ord Minnett Management Limited, Research Division
Patersons Securities Limited, Research Division
Pershing Securities Australia Limited
Precept Investment Actuaries Pty Limited
RBC Capital Markets, LLC, Research Division
RBS Morgans Limited, Research Division
RBS Research
Resource Capital Research Pty Limited
S&P Equity Research
Shaw Stockbroking Ltd.
Shaw Stockbroking Ltd., Research Division
Sino Strategic International Ltd., Research Division
Standard & Poor’s Corporation
State One Stockbroking Ltd., Research Division
Taylor Collison Limited, Research Division
Veritas Securities Ltd., Research Division
Wilson HTM Ltd., Research Division
wise-owl.com Pty Ltd

St. Louis
___________________
Conning & Company
Flagstone Securities, LLC, Research Division
Kenny Securities Corp.
Murphy Analytics, LLC
Noble Financial Group, Inc., Research Division
Robert W. Baird & Co. Incorporated, Research Division
Stifel Financial Corp. (NYSE:SF)
Wachovia Securities, LLC, Research Division
Wells Fargo Advisors, LLC
Wunderlich Securities Inc., Research Division

Minneapolis/St. Paul
_________________-
Cantor Fitzgerald, LP
Craig-Hallum Capital Group LLC, Research Division
D.A. Davidson & Co., Research Division
Feltl and Company, Inc.
Feltl and Company, Inc., Research Division
John G Kinnard & Co., Research Division
Marquette Avenue Securities, Inc.
Marquette Financial Group
Northland Securities Inc., Research Division
RBC Capital Markets LLC
Soleil Securities Group, Inc.
Stifel, Nicolaus & Co., Inc., Research Division

Philadelphia
_____________________
B. Riley & Co., LLC, Research Division
BOE Securities, Inc.
Boenning & Scattergood, Inc.
Cantor Fitzgerald, LP
Commerce Capital Markets, Inc.
Loop Capital Markets, LLC
Philadelphia Brokerage Corporation, Research Division
Securities Industry Analytics LLC
Stifel, Nicolaus & Co., Inc., Research Division
Susquehanna Financial Group, LLLP
Susquehanna Financial Group, LLLP, Research Division

Mexico/Central America/South America/Spain/Portugal
___________________________________________________________________________
Abaco Casa de Bolsa, SA de CV, Research Division
Actinver S.A. de C.V., Research Division
Argentaria Bolsa S.V.B., S.A., Research Division
Banco de Sabadell. S.A., Research Division
Banco Português de Investimento, S.A., Research Division
Banco Safra SA, Research Division
Banco Schahin Cury S.A., Research Division
Banesto Bolsa, S.V., S.A., Research Division
Banif Primus Corretora de Valores e Câmbio S.A., Research Division
Barclays Capital, Research Division
BBVA Provincial Casa de Bolsa, Research Division
BCP Investimento, Research Division
Bisa Agente de Bolsa, Research Division
BofA Merrill Lynch, Research Division
BTG Pactual S.A., Research Division
Buenos Aires Trust Company S.A
CA Cheuvreux, Research Division
Caixa-Banco de Investimento SA, Research Division
Capital Markets Argentina, Research Division
Casa De Bolsa Arka, S.A. De C.V., Research Division
Casa de Bolsa Banorte, S.A. de C.V., Research Division
Celfin Capital, Research Division
City Corretora de Câmbio e Valores Mobiliários Ltda, Research Division
Compania Suramericana de Valores S.A. Suvalor Comisionista de Bolsa, Research Division
Dexia Equities Espana, S.A., A.V., Research Division
Espírito Santo Research
European Securities Network LLP
Exane BNP Paribas, Research Division
Exotix Limited, Research Division
Fator Corretora, Research Division
GBM Grupo Bursátil Mexicano, S.A. de C.V. Casa de Bolsa, Research Division
Geração Futuro Corretora de Valores S/A
Geração Futuro Corretora de Valores S/A, Research Division
Gescapital Gestion S.G.I.I.C. S.A., Research Division
Goldman Sachs Group Inc., Research Division
GVC Gaesco Valores S.V. S.A., Research Division
Iberian Equities S.A. A.V, Research Division
Indosuez Mexico Casa de Bolsa, S.A. de C.V., Research Division
ING Groep N.V., Research Division
Inteligo SAB, Research Division
Interacciones Casa De Bolsa De Cv, Research Division
Interdin Bolsa, SVB, Research Division
Interlima, Research Division
InterMoney Valores, S.V., Research Division
Intervalores Casa De Bolsa, CA, Research Division
Inverseguros S.A.
Ixe Casa de Bolsa, S.A. de C.V., Research Division
JP Morgan Chase & Co, Research Division
Kepler Capital Markets, Research Division
Lisbon Brokers Sociedade Corretora, S.A., Research Division
Mello Valores, Sociedade Financeira de Corretagem, S.A., Research Division
Mildesa Servicios Bursatiles S.A., Research Division
Misasi Corretora De Valores S/A, Research Division
Morgan Stanley, Research Division
Multivalores Casa De Bolsa Sa De Cv, Research Division
N+1 Equities
NCO Dealer SFA SA, Research Division
Peruval Corp. S.A., Research Division
Piano & Parga Sociedad de Bolsa S.A, Research Division
Piano Administradora de Inversiones S.A., Research Division
Planner Corretora De Valores S.A., Research Division
Prisma S.A.B. S.A., Research Division
Prosper S.A. Corretora de Valores e Cambio, Research Division
Rabello Y Cia S.A., Research Division
Raimundo Serano McAuliffe
Raymond James & Associates, Inc., Research Division
Raymond James Argentina Sociedad de Bolsa, S.A., Research Division
RBS Research
SADIF-Investment Analytics S.A.
Santander, Equity Research
Socopa Sociedade Corretora Paulista SA
Spinelli SA CVMC, Research Division
Tanner Corredores de Bolsa S.A., Research Division
Tavelli & company, Research Division
Tendência Corretora de Câmbio, Títulos e Valores Mobiliários Ltda., Research Division
Valores Casa de Bolsa S.A., Research Division
Valores Mexicanos Casa de Bolsa, SA de CV, Research Division