Stone & Youngberg is committed to financing public improvements that make local communities more livable and prosperous. Between 2005-2009, our firm underwrote more than 900 separate public finance issues with par value in excess of $20 billion as sole, lead, or co-managing underwriter, including more land-secured debt and redevelopment financing than any other firm in the United States*. With such market leadership we have built a national reputation as true innovators in public finance, as we work in partnership with our clients to shape their economic futures. That focus supports our ability to provide institutional investors with tax-exempt securities suited to their financial needs.
Market Makers
In addition to our strong position as a major underwriter of new-issue municipal bonds, Stone & Youngberg's institutional trading and sales desk makes markets in a variety of asset classes throughout the municipal finance sector for all of our investor clients. Our clients include major mutual fund groups, hedge funds, bank trust departments, insurance companies, investment advisors, and individual investors.
Municipal Credit Expertise
Our institutional sales force is comprised of professionals with extensive experience in the tax-exempt market and strong client relationships throughout the investor community. Our firm's trading skills and responsiveness are complemented by the desk’s thorough knowledge of municipal credits. To enhance our institutional sales force's market penetration, Stone & Youngberg's municipal credit group provides ongoing credit surveillance under dynamic market conditions. In addition, Stone & Youngberg works to minimize the potential applicability of the Alternative Minimum Tax to municipal securities, thereby structuring institutional investors’ portfolios for maximum tax efficiency.
National Focus
We provide our investor clients with liquidity across the spectrum of the yield curve, and have built on our financial expertise in California to expand market share in the national capital markets. As other public finance firms come and go, Stone & Youngberg remains focused on the core business strengths the firm has developed over 79 years, and is poised to remain a force in municipal trading and underwriting for many years to come.
* Thomson Reuters 2010