Morgan Keegan is a wealth management and capital markets firm focused on providing securities brokerage, financial portfolio management, merchant banking, investment banking, insurance brokerage, commodity futures trading, and investment consultation services. The Firm's investment banking practice provides mergers & acquisition advisory, debt origination, and recapitalization services. Sector coverage includes consumer, retail, energy, financial services, healthcare, real estate, security, defense, and technology. Morgan Keegan was formed in 1969 and is based in Memphis, Tennessee. In February 2013, Morgan Keegan was acquired by Raymond James Financial.