FIXED INCOME INVESTING
First Empire Securities is a national fixed income broker-dealer that has been serving the investment needs of institutional investors for more than 30 years. Currently, the firm has more than 2,000 institutional and
corporate accounts with more than $7 billion in safekeeping at Pershing.
Fixed Income Specialists
Based in locations throughout the United States, the company's
fixed income sales specialists are industry professionals who are
familiar with the macro and regional challenges confronting
Since becoming employee-owned in 2012, the firm has completed
more than $100 billion in securities transactions.
Staffed with 15 traders with more than 300 years of combined
experience, our fixed income trading desk has access to investment
products from hundreds of regional and primary dealers through-
out the United States, as well as the new issue market.
They identify investment opportunities that are not typically
available on the street by tapping into the firm’s thousands of
institutional accounts, which have investments totaling more
than $184 billion.
Wide Range of Securities
Investors have access to a wide range of high-quality fixed income investment products, including:
Treasuries and agencies
Agency collateralized mortgage obligations (CMOs)
Comprised of fixed income and capital markets specialists with decades of experience, the Financial Strategies Group is a vital component to First Empire’s balance sheet approach. In providing strategic support and insight to institutional investors, they help bridge the gap between investor and broker by demonstrating how the investment portfolio is interacting with the rest of the balance sheet.
First Empire’s underwriting services are rooted in our decades-long commitment to delivering value-added products and tailored services. With a national distribution network of diverse institutional investors, we are a valuable resource for institutions raising capital.
Brokered and Market-Linked CDs
First Empire can structure deals that can significantly drive down the cost of funding, and it has a dedicated balance sheet allowing depository customers to execute floating rate swaps against large national take downs or to match funds against specific assets/group of assets.
Additionally, First Empire’s syndicate trading desk, coupled with our proprietary distribution technology, has a unique pool of internalized liquidity capable of distributing CDs into thousands of U.S. institutions. This unique and large pool of liquidity gives our banking customers access to a vast and dependable source of low cost deposits.
First Empire can quickly establish a CD brokerage program with SIFMA convention documentation, and produce all the necessary legal disclosures to issue cheaper funding, including the issuance of structured or market-linked CDs.
Corporate and Structured Notes
First Empire’s unique institutional relationships with credit unions, municipalities, insurance and trust companies, as well as private banks, broker-dealers and investment managers, presents a unique point of access for high-demand structured products.
We can structure, underwrite and trade all types of wrappers, from banknotes to MTNs in registered and unregistered form, and link these products to all types of payoffs, from vanilla fixed or floating rate coupons to highly structured payoffs referencing stocks, indices and various other asset classes.
First Empire can provide clients with a deep knowledge on product construction, sound advice on accessing best in breed products, and support for all issuances with a robust and liquid secondary market.
New Issue Municipal Bonds
To provide access to the new issue market, First Empire Securities participates in a national competitive syndicate for municipal securities with ratings of A to AAA. The types of transactions include tax-exempt, taxable and bank qualified.
In 2017, we have participated in 380 deals with a par value of $6.1 billion. Each prospective deal is extensively researched to ensure issuer compliance with disclosure undertakings for the preceding five years.