What Is The Difference Between A Municipal Advisor & Underwriter?
/Typically when California school and community college districts are looking to issue general obligation bonds and other types of financings, they will work with a municipal advisor and underwriter. A municipal advisor provides advice to school and community college districts on the issuance of financings and an underwriter sells the financings to investors. A municipal advisor is required to act as a fiduciary while an underwriter is not.