Keefe, Bruyette & Woods is a security broker and full-service investment bank. The company specializes in equity sales and risk arbitrage trading. It offers a full range of equity-based capital-raising solutions. It participates in corporate repurchase programs for small-, medium- and large-capital companies. It provides various wealth management solutions, including private placements, employee option program exercises and investments in financial stocks. Its investment banking services include general advisory, mutual thrift and insurance company conversions. It also serves European clients through its subsidiary. Headquartered in New York City, Keefe, Bruyette & Woods has regional offices in Hartford, Conn.; Richmond, Va.; Dublin, Ohio; Chicago; and San Francisco.