 On December 1, 2004 his consulting firm announced it purchased accounting firm Ernst & Young's investment banking unit.The new investment bank would be known as Giuliani Capital Advisors LLC and would advise companies on acquisitions, restructurings, and other strategic issues.On March 5, 2007, as a consequence of his presidential campaign, Giuliani Capital Advisors was sold to Macquarie Group, an Australian financial group, for an amount that analysts said might approach $100 million.