TD Ameritrade, a brokerage subsidiary of TD Ameritrade Holding, has expanded its offering of fixed income securities to include new issue municipal bonds underwritten by MR Beal, a municipal underwriter and minority-owned investment banks.
Through this strategic alliance, retail investors and independent registered investment advisors (RIAs) on the TD Ameritrade platform, will now have access to hundreds of new issue municipal bond deals MR Beal brings to market each year.
TD Ameritrade’s fixed income platform offers investors and RIAs access to FDIC insured Certificates of Deposit (CDs), Treasury, Agency, Corporate and Municipal bonds, Structured Products and Unit Investment Trusts.
TD Ameritrade executive vice president, product and marketing Peter Sidebottom said that the agreement with MR Beal marks a significant expansion of TD Ameritrade’s new issue municipal bond offering and solidifies the firm’s commitment to offer investors, RIAs and their clients a broad range of fixed income securities.