Today, Stifel is the largest underwriter Municipal Bonds in California as measured by number of issues underwritten.1 Through Stifel, the Hoover Rossi Advisory Group can offer our clients access to California Municipal Bond inventory, as well as Stifel's new issue calendar.
We work closely with Stifel's municipal bond trading desk, allowing us access to the secondary municipal market. This provides us with a competitive, institutional level bidding environment and complete municipal bond market monitoring.
To take a look at our new issue calendar, or to find out more information about any of our other issues, please call us at (415) 364-2777 or (844) 265-9673.
The following are the Top 10 Municipal Managing Underwriters in California.
| Firm | Rank | Number of Issues | Par ($Mils) |
| Stifel | 1 | 184 | $5,165.6 |
| Raymond James | 2 | 113 | 2,569.6 |
| RBC Capital Markets | 3 | 83 | 3,911.9 |
| Piper Jaffray | 4 | 78 | 2,766.3 |
| Citi | 5 | 47 | 6,519.6 |
| Morgan Stanley | 6 | 43 | 4,874.7 |
| Bank of America Merrill Lynch | 7 | 34 | 3,965.5 |
| JP Morgan Securities LLC | 8 | 33 | 6,498.8 |
| Hilltop Securities | 9 | 30 | 345.8 |
| JP Morgan | 10 | 25 | 2,467.0 |
Source: SDC, (Full to Book Equal if Joint) negotiated California transactions ranked by number of issues. As of January 1, 2020
Income from particular municipal bond issues may or may not be subject to state and alternative minimum taxes. Capital gains tax may apply if sold prior to maturity.