What is the primary role of an investment bank like Evercore?

The primary role of an investment bank like Evercore is to provide advisory services for mergers and acquisitions. Investment banks specialize in helping corporations navigate complex transactions and decisions involving mergers or the acquisition of other companies. This includes conducting due diligence, valuing companies, structuring deals, negotiating terms, and advising on regulatory issues.

Investment banks leverage their expertise and market knowledge to create value for their clients, ensuring that the transaction aligns with the clients' strategic goals. Their advisory role is critical in maximizing the benefits of mergers and acquisitions, often leading to significant financial outcomes for the involved parties.

The other options focus on areas that fall outside the traditional scope of investment banking. Personal financial planning services and managing investment portfolios are typically functions of wealth management or financial advisory firms. Retail banking services deal with consumer banking, offering products like savings accounts and personal loans, which is distinct from the corporate focus of investment banking.