Descrição Advanced Equities Financial is in the business of equity advancement. The investment bank specializes in private equity placements, mainly late-stage venture capital for emerging companies in technology-related fields. The company's private client group provides wealth management services to institutional and high-net-worth investors from offices in Chicago, New York, and San Francisco. In late 2011 Advanced Equities spun off brokerage First Allied Securities to that firm's management and private equity firm Lovell Minnick. First Allied and Advanced Equities continue to maintain a distribution relationship.