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Muni SMA Strategies
Municipal Bonds: Local Impact
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Market Commentaries
Forty Years of Municipal Bonds – A Letter to Our Clients, Colleagues, and Friends
This is a milestone year for our firm.
On October 1, 2024 we celebrate our 40th year in business.
Entrepreneurial values, paired with a primary focus of serving our clients well, were the essence of our beginning. We were ambitious entrepreneurs looking to build a successful organization. We wanted to help people and organizations plan and improve their futures by investing in the bond market. And we wanted to help communities…
Turning the Page on 2025
Happy New Year! Thank you for your continued confidence in our team of municipal bond specialists. As we close out another year, we are pleased about how we navigated the volatility of 2025 and remain focused on positioning client portfolios to capitalize on market opportunities ahead in 2026. While much has changed over the past year, our approach to the stewardship of your assets has not. We remain deeply focused on this segment of the fixed income market and are committed to continuously enhancing our portfolio management, trading, and client service capabilities. Over the past year, we have advanced several key initiatives…
How to Mitigate Natural Disaster Risk in Your Muni Portfolio
The wildfires have spotlighted natural disaster risk present in municipal bond portfolios. However, over the past two decades from Katrina to Harvey, New York to California, municipal credit has remained durable and, in many cases – due to rebuilding efforts – emerged stronger than before…We expect municipal credit health to remain resilient in the Los Angeles area…We believe a concentration to Midwest and Texas issuers…
Perspective for Advisors
Tax Loss Swap into an SMA
Now is an opportune time to take advantage of tax loss swaps and, potentially, swap into a separately managed account strategy away from fixed income mutual funds and ETFs. This likely will reduce your clients’ tax burden and enhance their municipal bond investment vehicle.
Previous: Opportunity in Taxable Municipal Bonds