Municipal advisory services for municipalities and higher education institutions
Questions about municipal advisory? UMB has answers.
A municipal advisor assists communities, school districts, special districts and higher education institutions in the financing of capital projects. A municipal advisor should have expertise in understanding both the unique needs of these groups and the capital markets available to them.
Municipal advisors are under strict legal obligations to act in clients’ best interests, according to the 2014 Dodd Frank Wall Street Reform and Consumer Protection Act.
UMB Financial Services, Inc. municipal advisors build partnerships with communities and institutions based on trust. If you’re interested in learning more about UMB Financial Services, Inc. municipal advisory services, contact the team today.
The main advantage of engaging a municipal advisor is that it can help municipalities plan for the future, including how to best leverage existing resources.
As part of that process, a municipal advisor should work toward achieving the lowest cost of capital possible for clients while also ensuring a smooth execution of a financial transaction. This includes helping to quantify the benefits and costs of various financing structures, acting as a liaison between all parties in the financing, recommending the best method of sale and identifying any market opportunities.