J.P. Morgan is a financial services firm offering advice to corporations, governments and institutions by providing strategic advice, capital raising and risk management expertise. The firm offers service in the areas of financial transaction processing, asset management, markets and investor, private banking, wealth management, brokerage and private equity. J.P. Morgan's capital market and investment banking division provides initial public offerings, convertible issues, private placements, debt, mergers and acquisitions structuring, liquidity management and cost of capital services. The firm serves the needs of clients around the world across consumer and retail, energy, financial institutions and governments, healthcare, real estate and lodging, technology, media and telecommunication sectors.