This article is about the investment banking firm formerly known as Friedman, Billings, Ramsey & Co.. For the REIT formerly known as Friedman, Billings, Ramsey Group, see Arlington Asset Investment
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FBR & Co. provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR is active in the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; insurance; real estate; and technology, media & telecom. FBR Fund Advisers, Inc., a subsidiary of FBR, provides a range of investments through The FBR Funds, a family of mutual funds. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States and in London.
Team leaders 
FBR's senior officer is: Richard J. Hendrix, who serves as Chairman and Chief Executive Officer;