JMP Group LLC provides investment banking, sales and trading, equity research, and asset management products and services to corporate, institutional, and high-net-worth clients in the United States. The company operates through Broker-Dealer, Asset Management Fee Income, and Investment Income segments; offers underwriting and placement agent services for public and private capital raises, financial advisory in mergers and acquisitions, restructuring, and strategic transactions; provides institutional brokerage and equity research focused on high-growth sectors including technology, healthcare, financial services, and real estate; and manages pooled investment vehicles such as hedge funds, private equity funds, hedge funds of funds, and collateralized loan obligations, while also investing in public and private securities and providing advisory services to business development companies. JMP Group LLC was founded in 1999 and is headquartered in San Francisco, California; as of November 15, 2021, it operates as a wholly-owned subsidiary of Citizens Financial Group, Inc. following the completion of a $149 million all-cash acquisition. In recent years, the company redeemed portions of its outstanding senior notes, including $15 million of its 7.25% Senior Notes due 2027 in 2021, with the remaining notes traded under ticker JMPD; its broker-dealer subsidiary now operates as Citizens JMP Securities LLC, enhancing Citizens Financial Group's capital markets capabilities in targeted sectors.