Exhibit 99.1

                        Sidoti & Co. Investor Conference
               Friedman, Billings Ramsey Group, Inc. Information
                            New York | April 10, 2002

Statements   concerning  future  performance,   developments,   events,   market
forecasts,  earnings models,  earnings,  revenues,  expenses,  run rates and any
other  guidance  on  present  or  future  periods,   constitute  forward-looking
statements that are subject to a number of factors, risks and uncertainties that
might cause  actual  results to differ  materially  from those  expressed in the
forward looking information.  These factors include, but are not limited to, the
effect of demand for public  offerings,  activity  in the  secondary  securities
markets,  the high degree of risk  associated  with technology and other venture
capital  investments,  changes in interest  rates,  competition for business and
personnel,  and general  economic,  political and market  conditions.  These and
other risks are  described in the  company's  Annual Report on Form 10-K that is
available from the company and from the SEC.


Research-driven capital markets platform


4 profit centers - target annualized pre-tax earnings**:

        -FBR Asset Investment Corporation - $32 million

        -investment banking - $20 million

        -institutional brokerage sales and trading - $5.0 million

        -asset management - $8.0 million

        **Assumptions include: FBR Asset return on equity = 30%, including
        revenue to FBR Asset from fee-sharing agreement with FBR Group;
        investment banking revenues $110 million; Institutional  brokerage
        revenues $65 million;  assets under  management  (other  than FBR Asset)
        $1.5 billion;  return on  long-term investments  (other than FBR Asset)
        12%. These  targets are not a projection of 2002  earnings,  nor are
        they intended to be  indicative  of 1st  quarter  2002 results.

Projected Investment Banking Revenue for 1st Quarter 2002 - $23.8 million.

Total gross assets under management as of April 10, 2002 of more than
$5 billion (includes leveraged assets in FBR Asset).


Strong balance sheet:

         -Combined FBR Group and FBR Asset Equity of more than $600
          million

FBR plans to release 1st quarter earnings on April 25, 2002.