JVB Financial Group, LLC

What JVB Financial Group, LLC does

JVB Financial Group, LLC, founded in 2010 and rebranded as Cohen & Company Securities, LLC in June 2025, is an institutional broker-dealer and capital markets advisory firm operating as a subsidiary of Cohen & Company Inc (OTCQX: COHN). Headquartered in New York with offices in Boca Raton, Memphis, Philadelphia, and Charlotte, the firm employs 101-250 professionals and operates under CRD #142777 with multiple FINRA registrations covering fixed income, capital markets, and mortgage activities.

The firm operates four integrated business lines: Fixed Income Trading distributes structured notes, agencies, corporates, CDs, MBS, SBA pools, municipals, and treasuries to institutional clients; Capital Markets Advisory provides M&A, capital markets, and SPAC advisory services; Mortgage Group offers TBA trading, gestation repo, and MBS execution; and SPAC Equity Services supports SPAC equity trading and related transactions. The fixed income distribution business is the historical core, with the more recent build-out in structured products, mortgage, and SPAC equity representing diversification into higher-margin, fee-based revenue streams.

The business model is built on four distinct revenue mechanics: bid-ask spreads and transaction fees from fixed income trading, professional services fees from capital markets advisory, transaction fees from SPAC equity services, and transaction fees from mortgage group activity. Customer segments include institutional investors, financial advisors, mortgage servicers, municipal financial directors, corporate treasurers, and broker-dealers, with a relationship-driven, human-capital-intensive go-to-market model. The strategic alignment with parent Cohen & Company Inc enables cross-sell with the parent's asset management operations and capitalizes on the COHN brand for institutional distribution.

Name

JVB Financial Group, LLC

Legal name

Cohen & Company Securities, LLC

Website

https://jvbfinancial.com

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

51–100 employees

Short description

JVB Financial Group, LLC (now Cohen & Company Securities, LLC) is an institutional broker-dealer and capital markets advisory firm distributing fixed income, structured products, MBS, and SPAC equity services to institutional investors, financial advisors, mortgage servicers, and corporate treasurers across five U.S. offices as a subsidiary of Cohen & Company Inc (OTCQX: COHN).

Ownership category

akta.pro rank

Product category

Fixed Income Securities Brokerage

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Fixed income trading
• Capital markets advisory
• Mortgage-backed securities
• SPAC equity trading
• Institutional brokerage

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Capital Markets Advisory: M&A advisory, capital markets advisory, and strategic consulting services provided to corporate clients. Revenue generated through advisory fees and transaction-based compensation.
2. Fixed Income Trading: Trading and distribution of fixed income products including structured notes, agency securities, corporate bonds, CDs, MBS, SBA products, municipals, and treasuries. Revenue generated through bid-ask spreads and transaction fees.
3. SPAC Equity Services: SPAC equity trading and advisory services including SPAC equity trading desk operations and business combination advisory.
4. Mortgage Group Services: TBAs (To-Be-Announced) trading, gestation repo, and mortgage-backed securities services for mortgage servicers and institutional investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

JVB Financial Group (now Cohen & Company Securities) is a financial services firm that structures and distributes financial products across four core divisions: Fixed Income (structured notes, agency securities, corporate bonds, CDs, MBS, SBA products, municipals, treasuries, securities financing and repo), Capital Markets (M&A and SPAC advisory), Mortgage Group (TBAs, gestation repo, MBS trading), and SPAC Equity Group. The firm serves institutional investors, financial advisors, mortgage servicers, municipal financial directors, corporate treasurers, and broker dealers through five U.S. offices.

Product overview

JVB Financial Group, LLC (now operating as Cohen & Company Securities) is a financial services firm offering a multi-product platform organized around four core divisions: Fixed Income (trading and distributing structured notes, agency securities, corporate bonds, CDs, MBS, SBA products, municipals, and treasuries), Capital Markets (M&A advisory, capital markets advisory, and SPAC advisory through Cohen & Company Capital Markets), Mortgage Group (TBAs, gestation repo, and mortgage-backed securities trading), and SPAC Equity Group (SPAC equity trading). The company serves institutional investors, financial advisors, mortgage servicers, municipal financial directors, corporate treasurers, and broker dealers.

Differentiator

Problem solved

Functional benefit

Products and services

• Fixed Income Comprehensive fixed income trading and distribution services covering structured notes, agency securities, corporate bonds, certificates of deposit, securities financing and repo, mortgage-backed securities (CMOs and pass-throughs), SBA/government guaranteed products, municipals, and treasuries. Targeted at institutional investors, broker dealers, financial advisors, and corporate treasurers.
• Capital Markets Advisory and financing services including M&A advisory, capital markets advisory, and SPAC advisory. Offered through the Cohen & Company Capital Markets division to corporate clients seeking transaction and strategic guidance.
• Mortgage Group Specialized mortgage trading services covering TBAs (To-Be-Announced securities), gestation repo, and mortgage-backed securities (CMOs and pass-throughs). Geared toward mortgage servicers and institutional investors needing MBS execution and risk management.
• SPAC Equity Group Special Purpose Acquisition Company equity trading services providing SPAC equity trading capabilities to institutional investors and other clients.
• Loan Facilitation Loan facilitation services supporting the fixed income product offerings.

Named customers1 record

Segments6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• StoneX: Global, vertically integrated financial services firm with institutional fixed income, securities and derivatives execution — overlapping capabilities but at materially larger scale and broader product set.

Direct peers

• Hilltop Securities: A mid-sized broker-dealer subsidiary of Hilltop Holdings with deep specialization in MBS, municipals, fixed income trading and public finance — the closest direct peer to Cohen & Company Securities' Fixed Income and Mortgage Group franchises.
• Oppenheimer & Co. Full-service mid-market broker-dealer offering fixed income, equities, investment banking and wealth management — overlapping product set and institutional client base.
• Cantor Fitzgerald: Diversified financial services firm with strong fixed income, SPAC advisory and capital markets franchises — comparable across SPAC equity, ECM advisory and institutional fixed income distribution.
• Ladenburg Thalmann: Mid-market broker-dealer and investment bank offering fixed income, capital markets and advisory services — similar scale, similar institutional and retail-adjacent client base.
• FHN Financial (First Horizon): Fixed income and mortgage-backed securities institutional broker-dealer arm of First Horizon — directly comparable in MBS, agency and municipal fixed income trading.
• B. Riley Financial: Diversified financial services firm with a broker-dealer arm (B. Riley Securities) active in fixed income, small-cap equity, and capital markets advisory — directly comparable across multiple product lines.
• EF Hutton: Capital markets advisory firm specializing in SPACs, ECM and M&A advisory — directly comparable to Cohen & Company Securities' Capital Markets and SPAC Equity divisions.
• Piper Sandler: Mid-market full-service broker-dealer offering fixed income trading, public finance, and M&A/ECM advisory to institutional and middle-market clients — closely comparable business mix across fixed income distribution and capital markets advisory.
• D.A. Davidson: Employee-owned mid-market broker-dealer with fixed income, public finance, M&A and equity capital markets capabilities — similar institutional client profile and multi-division model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/665923

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JVB Financial Group, LLC