Institutional Sales & Trading

Efficient bond distribution and personal service

Institutional Sales & Trading

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Tax-Exempt Bonds

Daily communication with institutional investors enables us to efficiently distribute all types of bond issues – from general obligation bonds to structured multi-family housing transactions.

OUR NATIONAL RANKING FOR NEW ISSUE MUNICIPAL BOND TRANSACTIONS

NUMBER OF NEW BOND ISSUES WE UNDERWRITE ANNUALLY

EXPERIENCED PROFESSIONALS ON OUR SALES & TRADING TEAM

With fixed income trading operations in major cities across the United States, D.A. Davidson maintains some of the most active trading desks in the country.

Taxable Bonds

Our taxable fixed income professionals, who average approximately 20 years of experience in providing relevant products at competitive prices, can help you determine which security options best meet your portfolio management needs.

Taxable fixed-income securities offered include:

  • U.S. Treasuries
  • Government Agency Securities
  • Collateralized Mortgage Obligations (CMOs)
  • Mortgage Backed Securities (MBS)
  • Corporate Bonds
  • Certificates of Deposit and Money Market Instruments
Authorized underwriter | Federal Home Loan Bank | Fannie Mae

Community Reinvestment Act

Helping banks efficiently achieve their CRA investing and lending goals


Custom MBS

We offer multiple origination channels from which to create custom Mortgage Backed Securities for each client’s specific CRA needs. Only residential loans with low-moderate income borrowers or located in low-moderate income census tracts are used to create these securities. We also have the ability to identify loans for your exact specifications based on specific census tracts, cities, counties, MSAs or states.

D.A. Davidson trades in Multi-Family Mortgage Backed Securities, called FNMA DUS. These securities help provide financing for low to moderate income housing projects. Investors in these securities, as well as the investors in the tax credits sold to help finance the projects, can receive CRA credit for their investment.

D.A. Davidson is one of the top underwriters of municipal bonds in the U.S. In 2020, D.A. Davidson was the lead managing underwriter on 517 negotiated transactions*. Additionally, the company has institutional traders and salespeople who are available to assist in finding municipal bonds from communities within a bank's footprint or targeted area of need.

*Source: Refinitiv/SDC January 2021

D.A. Davidson facilitates the purchase of single family whole loan mortgages for banks that need additional lending credits. Loans can be identified to a client’s exact specifications of census tracts, cities, counties, MSA's or states.

We have broad experience in debt securitization for low-income housing and tax credit projects, including traditional debt products and products with derivative elements. Our clients include for-profit developers, tax credit investors, governmental authorities and 501(c)(3) non-profit organizations.

Meet the talent behind our results.

VIEW ENTIRE TEAM

Get in touch with us

To learn more about D.A. Davidson Institutional Sales & Trading, please contact us.


 

 

Brian Courtney

Managing Director,
Head of Public Finance
Underwriting (303) 764-6044[email protected]

Nicholas Licciardi

Managing Director,
Head of Taxable Fixed Income
(303) 764-6042
[email protected]

Marc Dispense

President,
Fixed Income Capital Markets
(303) 764-6040
[email protected]