Institutional Financial Markets, Inc. is a leading investment firm specializing in credit related fixed income products and investments. Institutional Financial Markets, Inc. was founded in 1999 as an investment firm focused on small-cap banking institutions, but has grown over the past ten years into a more diversified fixed income specialist. They are organized into two divisions: Asset Management and Capital Markets.

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TypePublic
HQPhiladelphia, US
Founded1999
Size (employees)111 (est)
Websiteifmi.com
Institutional Financial Markets was founded in 1999 and is headquartered in Philadelphia, US
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Key People/Management at Institutional Financial Markets

Lester Brafman

Lester Brafman

CEO
Daniel Cohen

Daniel Cohen

Vice Chairman, President and Chief Executive of European Operations
Joseph Pooler

Joseph Pooler

Jr., Chief Financial Officer
Douglas Listman

Douglas Listman

Chief Accounting Officer and Assistant Treasurer Asset Management
Paul Vernhes

Paul Vernhes

Cohen & Company Financial Limited Capital Markets & Investment Banking
Rachael Fink

Rachael Fink

General Counsel Management
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Institutional Financial Markets Office Locations

Institutional Financial Markets has offices in Philadelphia, Paris, New York, London and in 1 other location
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Institutional Financial Markets Financials and Metrics

Institutional Financial Markets Revenue

Institutional Financial Markets's revenue was reported to be $47.54 m in FY, 2017
USD

Revenue (Q3, 2018)

6.8m

Net income (Q3, 2018)

(1.2m)

EBIT (Q3, 2018)

356.0k

Market capitalization (31-Aug-2018)

16.7m

Cash (30-Sep-2018)

5.2m
Institutional Financial Markets's current market capitalization is $16.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

57.5m55.8m46.2m55.3m47.5m

Revenue growth, %

(3%)(17%)20%

Sales and marketing expense

47.2m29.8m28.0m31.1m22.5m

Operating expense total

47.2m29.8m47.8m46.8m40.1m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

18.1m13.2m14.2m10.6m12.8m11.1m12.9m13.7m14.4m14.1m14.5m11.4m10.0m9.3m7.2m6.8m

Sales and marketing expense

11.5m8.0m7.6m6.6m7.6m6.2m7.0m8.5m8.4m7.5m7.2m5.5m4.8m5.2m6.6m7.2m

Operating expense total

19.3m14.9m15.9m11.1m7.6m10.5m12.4m12.5m12.2m11.4m11.9m9.6m9.0m9.7m10.8m11.9m

Depreciation and amortization

367.0k331.0k267.0k251.0k227.0k150.0k82.0k72.0k66.0k66.0k61.0k60.0k61.0k52.0k63.0k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

13.2m12.3m14.1m15.2m22.9m

Accounts Receivable

4.5m5.2m

Inventories

729.0k

Goodwill

11.1m8.0m8.0m8.0m8.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

22.3m28.3m12.9m7.2m5.1m12.9m13.4m5.6m7.7m10.1m11.2m10.7m22.1m11.8m16.6m5.2m

Accounts Receivable

5.3m4.8m7.5m6.3m6.3m3.5m3.5m2.5m3.8m

Goodwill

11.1m11.1m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m8.0m

Total Assets

273.9m287.2m214.7m276.9m317.6m410.7m386.3m398.5m584.6m521.4m572.9m699.4m690.3m2.4b2.8b4.8b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(5.7m)3.4m2.4m

Depreciation and Amortization

1.4m1.1m733.0k291.0k249.0k

Accounts Payable

7.2m8.0m

Cash From Operating Activities

(8.2m)4.1m(4.2m)(8.7m)(11.9m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

264.0k1.5m3.0m971.0k1.6m825.0k(2.2m)(2.3m)(3.6m)

Depreciation and Amortization

1.0m331.0k598.0k849.0k234.0k461.0k611.0k82.0k154.0k220.0k66.0k127.0k187.0k61.0k113.0k176.0k

Cash From Operating Activities

(5.8m)1.4m1.2m(800.0k)(9.4m)(7.0m)(8.0m)(7.1m)(8.4m)(7.9m)(19.9m)(21.8m)(20.3m)4.7m12.3m(599.0k)

Cash From Investing Activities

3.4m14.1m2.7m(382.0k)2.9m8.5m10.5m1.2m5.0m7.5m606.0k2.8m3.0m(15.7m)(16.9m)(13.3m)
USDY, 2018

Financial Leverage

111.5 x
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Institutional Financial Markets Company Life and Culture

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Institutional Financial Markets Frequently Asked Questions

  • When was Institutional Financial Markets founded?

    Institutional Financial Markets was founded in 1999.

  • Who are Institutional Financial Markets key executives?

    Institutional Financial Markets's key executives are Lester Brafman, Daniel Cohen and Joseph Pooler.

  • How many employees does Institutional Financial Markets have?

    Institutional Financial Markets has 111 employees.

  • What is Institutional Financial Markets revenue?

    Latest Institutional Financial Markets annual revenue is $47.5 m.

  • What is Institutional Financial Markets revenue per employee?

    Latest Institutional Financial Markets revenue per employee is $428.3 k.

  • Who are Institutional Financial Markets competitors?

    Competitors of Institutional Financial Markets include Federated Investors, Janus Capital and Virtus Investment Partners.

  • Where are Institutional Financial Markets offices?

    Institutional Financial Markets has offices in Philadelphia, Paris, New York, London and in 1 other location.

  • How many offices does Institutional Financial Markets have?

    Institutional Financial Markets has 5 offices.