HARM investment & finance definition

Jargon used to refer to a group of boutique investment banks that were dominant in technology underwriting during the 1980s and 1990s, before many larger banks, such as Goldman Sachs and Morgan Stanley, began to actively seek business in the market. The HARM group was Hambrecht & Quist Inc., Alex.Brown & Sons Inc., Robertson Stephens, and Montgomery Securities Inc. All of the four have since been sold to commercial banks, with Robertson Stephens being shut down in July 2002.