Municipal Bond Portfolio Management*

Beacon Capital Management Advisors (BCM) works with an independent, fee-based investment management company that focuses exclusively on the management of municipal bond portfolios for our affluent, high-net-worth clients desiring tax free income. The investment management company is a separate entity that is not owned by BCM. The investment management company serves as the portfolio manager for BCM's municipal bond clients.

The unique benefit to BCM's clients of working with the municipal bond portfolio manager is individual investors can receive the same level of portfolio management and services previously reserved only for large institutions. The manager has extensive experience in portfolio management, trading, and credit analysis. Each client's portfolio is created and managed according to your specific needs and investment objectives.

The manager employs a tax-efficient, conservative style of portfolio management investing in appropriately structured, highly liquid investment grade credits. The process starts with a review of the financial objectives and risk profile of each client. This allows the manger to develop target parameters such as duration, sector and quality guidelines to be used in the creation of each client's separately managed portfolio.** There is a $100,000 minimum initial investment in order for an investor to qualify for this program.

What are the benefits for BCM's municipal bond clients?

• A customized municipal bond portfolio to meet your specific needs
   
• Potentially higher yield due to potentially lower fees than municipal bond mutual funds or if individual bonds were purchased through brokerage firms.
   
• Individual investors can receive the same level of portfolio management and services traditionally reserved only for large institutions.

Learn more about how the portfolio manager creates your municipal bond portfolio here.

   Need Help or Advice?  |  Open a Municipal Bond Account

Disclosures:

* Tax sensitive investing may not provide as high a return as other investments before consideration of federal income tax consequences.

* Bonds contain interest rate risk (as interest rates rise bond prices usually fall); the risk of issuer default; and inflation risk. The municipal market is volatile and can be significantly affected by adverse tax, legislative, or political changes and the financial condition of the issuers of municipal securities. Interest rate increases can cause the price of a debt security to decrease. A portion of the dividends you receive may be subject to federal, state, or local income tax or may be subject to the federal alternative minimum tax. A portion of the income may be subject to state taxes, local taxes and the federal alternative minimum tax.

** Consult a tax or financial professional for further information or consult current tax laws for full details.

** Information contained in these sections merely highlight some benefits. There are risks involved with all investments that could include tax penalties and risk/loss of principal.