What SAMCO Capital Markets does

SAMCO Capital Markets, Inc. is an employee-owned, FINRA/SIPC-registered broker-dealer founded in 1987 and headquartered in Austin, Texas. The firm specializes in municipal bond underwriting and trading, public finance advisory, institutional fixed income sales, investment banking, and taxable fixed income trading, serving a client base of Texas school districts (ISDs), cities, counties, special districts, and institutional investors nationally. Its wholly-owned McLiney And Company division, integrated in January 2015, extends municipal advisory services into Missouri, Kansas, and Colorado, with roots in the business dating to 1965. SAMCO operates from six offices across Texas and the Kansas City metro area, running an institutional sales force that covers tier-one national accounts as well as regional banks, trust departments, and family offices.\n\nThe firm generates revenue through three primary streams: transaction fees on municipal bond underwriting and trading (lead/co-manager roles on general obligation, revenue, and certificate of obligation issues); advisory fees for debt-financing structuring, bond elections, and refunding analyses; and institutional sales commissions on fixed income distribution. Pricing is negotiated per transaction and not publicly disclosed. Distribution is entirely relationship-driven: a senior Managing Director bench averaging 25+ years of municipal finance experience, an in-house Financial Institutions Group for bank M&A advisory, and a quarterly banking update publication targeting community and commercial banks.\n\nThe underlying technology stack is conventional broker-dealer infrastructure — there is no disclosed proprietary platform, AI/ML system, or software product. Competitive differentiation rests on deep Texas market knowledge, multi-generational municipal advisory talent (the McLiney family traces four generations to 1928), and an employee-ownership model that the firm positions as favoring client outcomes over transaction volume. Notable disclosed transactions include Harris County Hospital District ($822.7M, 2026), Katy ISD ($439.8M, 2025), and Texas A&M University System Revenue Financing System Bonds ($222.7M, 2025).

Name

SAMCO Capital Markets

Legal name

SAMCO Capital Markets, Inc.

Website

https://samcocapital.com

Company type

Private

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

SAMCO Capital Markets is an employee-owned, FINRA-registered broker-dealer founded in 1987 and headquartered in Austin, Texas, providing municipal bond underwriting, trading, public finance advisory, and institutional fixed income sales to Texas school districts, cities, counties, and institutional investors nationally.

Ownership category

akta.pro rank

Product category

Municipal Finance / Public Finance

NAICS

Investment Banking and Securities Intermediation (52315), Securities and Commodity Contracts Intermediation and Brokerage (5231), Portfolio Management and Investment Advice (523940)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)

akta.pro primary industry

Municipal Bonds Trading (FSACAEAF)

Keywords

• Municipal bond underwriting
• Public finance advisory
• Fixed income trading
• Institutional sales
• Investment banking

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Municipal Bond Underwriting: Revenue generated from acting as lead manager or co-manager on municipal bond issuances, including general obligation bonds, revenue bonds, certificates of obligation, and tax-exempt securities for government issuers.
2. Municipal Trading: Profits from trading municipal bonds in both primary and secondary markets, including government treasury/agency securities and taxable fixed income.
3. Financial Advisory Services: Fees for providing professional advisory services to municipal governments on debt financing options, bond elections, and financial planning.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

SAMCO Capital Markets is a broker-dealer specializing in municipal bond underwriting, trading, and public finance advisory services. The firm acts as lead manager or co-manager on municipal bond issuances for government issuers including school districts, cities, counties, and special districts, while also distributing securities to institutional investors through its fixed income sales force. It also provides investment banking, financial advisory, corporate finance, and financial institutions group services.

Product overview

SAMCO Capital Markets operates as a financial services firm offering a unified portfolio of fixed income and municipal finance services, not a technology product platform. The core offerings include Municipal Underwriting & Trading, Public Finance Advisory Services, Institutional Sales, Investment Banking, and Taxable Fixed Income Trading. The subsidiary brand McLiney And Company provides specialized municipal advisory services for bond elections and municipal government financing across the Midwest. These services are traditional financial services delivered through professional teams, not software products or technology platforms.

Differentiator

Problem solved

Functional benefit

Brands

• McLiney And Company: A division of SAMCO Capital providing municipal advisory services to school districts, cities, and municipal governments in Missouri, Kansas, and across the US

Products and services

• Municipal Underwriting & Trading Underwriting and trading of municipal bonds in primary and secondary markets. SAMCO acts as lead manager or co-manager on negotiated and competitive bond issuances including general obligation bonds, revenue bonds, certificates of obligation, and tax-exempt securities for government issuers, participating in billions of dollars of public finance transactions.
• Public Finance Advisory Services Financial advisory services for municipal debt financing, helping clients assess financing options including General Obligation Bonds, Revenue Bonds, Lease Purchases, and Certificates of Participation. Includes debt capacity analysis, financing structure optimization, and rating agency relationship management.
• Institutional Sales Institutional fixed income sales force providing coverage of both tier-one national accounts as well as regional banks, trust departments, and family offices for fixed income products including municipal securities.
• Investment Banking Investment banking practice delivering insight, objectivity, and industry expertise through Corporate Finance and Financial Institutions Group services, including M&A advisory, valuation, and strategic transactions for financial institutions and corporate clients.
• Taxable Fixed Income Trading Trading services for taxable fixed income securities and government treasury/agency securities, providing coverage of tier-one national accounts and regional financial institutions.
• McLiney And Company - Municipal Advisory Services A division of SAMCO Capital that works with municipalities throughout the election process, providing services including debt analysis, financing alternatives analysis, bond election strategy, and serving school districts, cities, and municipal governments in Missouri, Kansas, Colorado, and across the US.
• Public Funds Management Public funds management services for government and public entity clients, managing investment portfolios of public funds across municipal and government fixed income securities.
• High Yield Sales & Trading Sales and trading of high yield fixed income securities for institutional clients seeking higher-yielding municipal and corporate fixed income opportunities.
• Corporate Finance Corporate finance advisory services providing insight, objectivity, and industry expertise to help corporate clients meet strategic goals.
• Financial Institutions Group Specialized investment banking services for financial institutions, primarily focusing on community and commercial banks, providing M&A advisory, valuation, and capital raising services.

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Stifel Financial: Diversified brokerage and investment bank with an institutional fixed income and public finance group that competes with SAMCO on municipal underwriting and trading mandates.
• Piper Sandler: Larger mid-market investment bank with a strong public finance practice that underwrites municipal bonds nationwide — a broader competitor to SAMCO's underwriting and investment banking businesses.
• Robert W. Baird: Large diversified wealth management and capital markets firm with public finance and institutional fixed income capabilities that compete with SAMCO for municipal mandates.
• Raymond James: Diversified financial services firm with a fixed income and public finance group that competes with SAMCO on institutional sales, trading, and municipal underwriting.

Direct peers

• Loop Capital Markets: Employee-owned broker-dealer specializing in municipal underwriting, institutional sales, and investment banking — directly comparable in size, structure, and service mix to SAMCO.
• FHN Financial: The institutional fixed income arm of First Horizon Bank, providing taxable and tax-exempt institutional sales, trading, and underwriting — a direct competitor to SAMCO's Institutional Sales and Taxable Fixed Income Trading lines.
• Siebert Williams Shank: Mid-sized investment bank with strong public finance and municipal underwriting capabilities, often leading on state and local government bond issuances — a comparable direct peer to SAMCO.
• Hilltop Securities: A leading regional broker-dealer owned by Hilltop Holdings that provides municipal underwriting, public finance advisory, institutional sales, and fixed income trading — directly competing with SAMCO across the Texas municipal market.
• Coastal Securities: Texas-headquartered broker-dealer focused on public finance, institutional sales, and fixed income trading; competes head-to-head with SAMCO on Texas school district and municipal mandates.
• D.A. Davidson: Employee-owned regional broker-dealer with public finance underwriting, fixed income, and investment banking capabilities — comparable in ownership structure and regional franchise scope to SAMCO.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/samco-capital-markets

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SAMCO Capital Markets