M. R. Beal is a municipal underwriter and one of the nation’s oldest minority-owned investment banks, according to a press release from TD Ameritrade. Retail investors and independent RIAs on the TD Ameritrade platform will now have access to hundreds of new issue municipal bond deals M.R. Beal brings to market each year.
“Fixed income is a growing and important market as aging Americans look for a steady income stream, portfolio diversification and tax efficiency,” said Peter Sidebottom, executive vice president, product and marketing, TD Ameritrade. “The agreement with M.R. Beal marks a significant expansion of our new issue municipal bond offering and solidifies our commitment to offer investors, RIAs and their clients a broad range of fixed income securities.”
TD Ameritrade’s fixed income platform offers already provided investors and RIAs access to FDIC-insured Certificates of Deposit (CDs), Treasury, Agency, Corporate and Municipal bonds, Structured Products, and Unit Investment Trusts.