The practice of municipal finance has grown considerably more complex in recent years. The growth in the use of variable rate financing, swaps and other derivatives and securitization structures, as well as the increased scrutiny of the IRS of tax-exempt transactions means that an issuer's job is more challenging than ever before. As with most complex business transactions, a government is well-served by engaging independent experts that will advocate on its behalf on those transactions.
Independence
Columbia Capital is an independent firm. We have no ties to underwriting firms. We have no outside investors and we carry no debt. Our sole obligation is to provide our clients with thoughtful, honest advice.
Experience
Columbia Capital's staff team has more than 75 years of combined experience in public finance. Our staff team has a broad base of experience, in public finance and from the worlds of law, government and economics.
Best Practices
Professional associations, like the Government Finance Officers' Association, and others recommend issuers engage independent advisors to assist with their bond transactions.
Research
A number of academic studies have shown the financial benefit issuers gain when using financial advisors.