What is a Municipal Advisor?
/A municipal advisor, also sometimes referred to as a financial advisor, provides advice to school and community college districts on the issuance of debt. A municipal advisor must act as a fiduciary to the issuing entity, meaning that they must act on behalf of the client’s best interest. Duties include but are not limited to:
– Advise on the financing structure and issuance timing
– Coordinate financing team so the district receives its funds in a timely manner
– Review financing interest rates
– Assist with reviewing financing documents
– Prepare credit rating strategy
– Procure insurance, if necessary