Freedom Capital Markets
Freedom Capital Markets is a New York-based boutique investment bank providing equity research, institutional sales & trading, investment banking advisory, corporate access, and NYSE floor execution services to emerging growth companies and institutional investors across U.S. SMID-cap markets, operating as a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC).
- Company typePrivate
- Founded2022
- HeadquartersNew York, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Freedom Capital Markets does
Freedom Capital Markets (FCM) is a full-service boutique investment bank established in 2022 as the investment banking and equity capital markets arm of Prime Executions, Inc., itself a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC). Operating from 40 Wall Street in New York City, FCM serves two principal client constituencies: emerging growth companies seeking capital markets access and institutional investors (hedge funds, family offices, asset managers, and endowments) seeking differentiated research and execution services. The firm focuses on SMID-cap equities across five sectors — Healthcare, Industrials, Consumer Discretionary, Technology, and Financials.
FCM delivers services through six integrated divisions: Equity Research, Institutional Sales & Trading, Investment Banking, Corporate Access, Prime Executions (NYSE floor operations), and LD Micro (proprietary conference platform). Research is distributed via Bloomberg, FactSet, LSEG, Capital IQ, and Visible Alpha. A team of 7 senior analysts covers 61 companies under the FCM brand, augmented by the broader Freedom Broker affiliate's coverage spanning over 275 U.S.-listed stocks. Prime Executions operates as an agency-only broker-dealer executing over 750 million shares per month on the NYSE floor.
FCM generates revenue through three primary streams: (1) transaction-based investment banking advisory fees from IPOs, M&As, follow-on offerings, at-the-market offerings, PIPEs, private placements, and capital markets advisory; (2) subscription/recurring revenue from equity research distribution to institutional clients; and (3) commission-based trading execution services. The firm differentiates via NYSE floor execution capabilities, the proprietary LD Micro conference platform providing direct access to small-cap management teams, and the institutional credibility of its publicly-traded parent (FRHC). No standalone revenue is disclosed; financials consolidate within Freedom Holding Corp.
Freedom Capital Markets firmographics
Firmographics- Name
- Freedom Capital Markets
- Legal name
- Prime Executions, Inc.
- Website
- https://freedomcapmkts.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Freedom Capital Markets is a New York-based boutique investment bank providing equity research, institutional sales & trading, investment banking advisory, corporate access, and NYSE floor execution services to emerging growth companies and institutional investors across U.S. SMID-cap markets, operating as a subsidiary of Freedom Holding Corp. (NASDAQ: FRHC).
- Ownership category
- akta.pro rank
Freedom Capital Markets industry classification
Industry- Product category
- Investment Banking
- NAICS
- Investment Banking and Securities Intermediation (52315), Portfolio Management and Investment Advice (523940)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)
- akta.pro secondary industry
- Equity Capital Introduction & Prime Services (FSACAFAK)
Keywords
Where Freedom Capital Markets is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Freedom Capital Markets business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Investment Banking Services: Advisory fees from M&A transactions, IPOs, follow-on offerings, at-the-market offerings, PIPEs, private placements, and capital markets advisory. The firm earns transaction-based fees for executing financing and advisory mandates for corporate clients.
- Equity Research Distribution: Research distributed to institutional investors via Bloomberg, FactSet and proprietary platforms. Revenue derived from providing research content and corporate access services to institutional clients.
- Institutional Sales & Trading: Commission-based trading services for institutional clients including execution services for buy-side and sell-side participants. Prime Executions executes over 750 million shares per month on the NYSE floor.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Bespoke investment banking services tailored to client needs |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
Freedom Capital Markets product offering
Product offeringCore offering
Freedom Capital Markets is a full-service boutique investment bank operating across six divisions: Investment Banking (IPO advisory, M&A, capital markets, and strategic advisory), Equity Research (institutional-grade research on SMID-cap stocks), Institutional Sales & Trading (commission-based execution services), Corporate Access (non-deal roadshows and investor engagement), Prime Executions (NYSE floor operations), and LD Micro (investor conferences). Services are delivered to institutional investors, emerging growth companies, PE firms, family offices, and global corporations, with research distributed via Bloomberg, FactSet, LSEG, and other platforms.
Product overview
Freedom Capital Markets is a full-service boutique investment bank offering integrated financial services through six core divisions. The firm provides equity research and institutional sales & trading as its market-facing services, complemented by investment banking (including M&A advisory and capital markets), corporate access (investor relations and conference services), Prime Executions (NYSE floor operations), and LD Micro (exclusive conference platform). Research is distributed to institutional investors via Bloomberg and FactSet. The company focuses on SMID-cap stocks in Healthcare, Industrials, Consumer Discretionary, Technology, and Financials sectors for U.S. institutional investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Equity Research In-depth evaluations on revenue, profitability, and strategic positioning, delivering actionable intelligence to navigate complex financial markets. Distributed to institutional investors via Bloomberg, FactSet, LSEG, Capital IQ, and Visible Alpha. Coverage spans 61 companies across Healthcare, Industrials, Consumer Discretionary, Technology, and Financials sectors.
- Institutional Sales & Trading Strategic advisory and execution services combining the scale of a full-service investment bank with the personalized approach of a boutique, providing commission-based execution services to buy-side institutional clients.
- Investment Banking Full-service investment banking platform offering growth financing, M&A advisory, and strategic advisory for emerging growth companies, global corporations, private equity firms, institutional investors, and family offices. Transactions include IPOs, follow-on offerings, at-the-market offerings, PIPEs, private placements, and capital markets advisory.
- Corporate Access
Companies that use Freedom Capital Markets
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles4 records
Freedom Capital Markets technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Freedom Capital Markets partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- BloombergcoreResearch distribution partner receiving institutional equity research and market analysis for distribution to Bloomberg terminal subscribers.
- FactSetcoreResearch distribution partner providing institutional investors access to Freedom Capital Markets equity research through FactSet platform.
Scale indicators5 records
Recent moves3 records
Expansion highlights5 records
Freedom Capital Markets competitors and assessment
Company assessmentDirect peers
- B. Riley Financial: Full-service financial services firm with significant investment banking, research, sales/trading and capital markets focus on small/mid-cap companies. Closely comparable in product breadth and SMID-cap orientation, with a similar cross-sell model across advisory, research, and trading.
- Maxim Group: Full-service boutique investment bank with research, institutional sales/trading, and IB advisory focused on small/mid-cap names. Directly comparable in business model and SMID-cap orientation.
- The Benchmark Company: Full-service investment bank providing equity research, institutional sales/trading, and corporate advisory to small and mid-cap issuers. Comparable target client base and product mix to FCM.
- H.C. Wainwright & Co. Boutique investment bank focused on growth-oriented small and mid-cap companies in healthcare, technology, and other sectors. Comparable to FCM in SMID-cap focus, equity research distribution, and capital markets advisory (IPOs, follow-ons, PIPEs).
- Oppenheimer & Co. Full-service broker-dealer with a strong SMID-cap investment banking and equity research franchise. Comparable to FCM across the integrated IB/research/sales-trading stack, though at larger scale.
- Roth Capital Partners: A boutique investment bank and research firm focused on small and mid-cap companies. Highly comparable to FCM in target client base (SMID-cap issuers), product mix (IB advisory + equity research + institutional sales/trading), and relationship-driven institutional coverage.
- Lake Street Capital Markets: Mid-market focused investment bank providing equity research, institutional sales/trading, and corporate advisory. Closely mirrors FCM's boutique model and SMID-cap research-and-advisory strategy.
- EF Hutton: Boutique investment bank specializing in capital markets advisory, research, and institutional services for small and mid-cap companies. Comparable in product set and client segment to FCM.
Broad incumbents
- Jefferies Financial Group: Large full-service investment bank with significant SMID-cap and mid-cap investment banking, equity research, and institutional sales/trading. Overlaps with FCM in target issuers and product set, but at materially greater scale and product breadth.
- TD Cowen: Investment bank (now part of TD Securities) with a longstanding focus on healthcare and growth SMID-cap advisory, research, and trading. Comparable in client segment and advisory/research product, with broader capital base and product set.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Freedom Capital Markets social profiles
Digital presenceFreedom Capital Markets compliance and trust
Trust signalCompliance3 records
Freedom Capital Markets financial estimates
Financial estimateRevenue estimate
Valuation estimate
Freedom Capital Markets leadership team
Management profileNumber of profiles
Profiles21 records
Freedom Capital Markets funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Freedom Capital Markets M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Freedom Capital Markets
What does Freedom Capital Markets do?
Freedom Capital Markets is a full-service boutique investment bank operating across six divisions: Investment Banking (IPO advisory, M&A, capital markets, and strategic advisory), Equity Research (institutional-grade research on SMID-cap stocks), Institutional Sales & Trading (commission-based execution services), Corporate Access (non-deal roadshows and investor engagement), Prime Executions (NYSE floor operations), and LD Micro (investor conferences). Services are delivered to institutional investors, emerging growth companies, PE firms, family offices, and global corporations, with research distributed via Bloomberg, FactSet, LSEG, and other platforms.
Is Freedom Capital Markets a public or private company?
Freedom Capital Markets is a private company. It is classified as corporate owned and is currently operating.
When was Freedom Capital Markets founded?
Freedom Capital Markets was founded in 2022. It employs 5,001 to 10,000 people.
Where is Freedom Capital Markets based?
Freedom Capital Markets is headquartered in New York, United States, in the North America region.
How does Freedom Capital Markets make money?
Three revenue lines are on record. Investment Banking Services are the primary driver. The others are equity Research Distribution and institutional Sales & Trading.
Who are Freedom Capital Markets's main competitors?
Direct peers on record are B. Riley Financial, Maxim Group, The Benchmark Company, H.C. Wainwright & Co., Oppenheimer & Co., Roth Capital Partners, Lake Street Capital Markets and EF Hutton. Broad incumbents are Jefferies Financial Group and TD Cowen.
Does Freedom Capital Markets have an API?
No public API is recorded for Freedom Capital Markets.
What industry is Freedom Capital Markets in?
Freedom Capital Markets's product category is Investment Banking. Its primary akta.pro industry code is BPAHAOAL, Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory), with a secondary code of FSACAFAK, Equity Capital Introduction & Prime Services. Its NAICS code is 52315 and its SIC code is 6211.