Q&A: How does one start an investment banking business?

Question by GuitarMaster: How does one start an investment banking business?
How do you get the money? What documents/contracts do you need? This will probably differ than other businesses. For example, it would seem a little odd for an investment banker to go to another investment banker to ask them to invest in their investment banking business. Technically, where exactly do you get the starting money? Answers will be appreciated. Thanks!!!!!

Best answer:

Answer by GETaLIFE
Become a stock broker. Build a successful and happy clientele. Move up into the retail and investment banking groups. Keep building your happy clients. After 10-20 years, break away to start your own operation and take clients with you. If you’re consistently good at selecting profitable investments than your track record will attract money. Then you’ll have 401k managers, credit unions and other institutional investors prepared to put in tens or hundreds of millions of dollars. Basically, this is a lifetime ambition like running for president. It starts from college.

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