Updated April 4, 2024, at 1:19 PM

According to Investopedia, a “boutique” is a small financial firm that provides specialized services for a particular segment of a market.

These companies often define their services by industry, client asset size, banking transaction type, or by other factors to meet the needs of a business sector that aren’t usually addressed by larger firms. Keeping that in mind, is the boutique business model just a trend?