The best replacement for investment bank is commercial bank.

The best alternatives to investment bank are rated as following:
★★★★★  commercial bank
★★★★  hedge fund
★★  private equity
★★  regular bank
★★  bank holding company
★★  brokerage firm
★  bank
★  normal bank
★  retail bank
★  broker dealer
★  investment company
★  private bank
  research department
  brokerage
  merchant bank
  accounting firm
  commercial
  asset manager
  should a firm stay loyal to a given investment bank

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investment bank
commercial bank
hedge fund