SNW said that the agreement allows its municipal underwriting clients to access UBS’s network of financial advisors at no additional cost.
Under the agreement, UBS will be allowed to place orders for new issue product underwritten by SNW at the original offering price.
SNW managing director of Public Finance Richard Schober said that the relationship with UBS allow SNW to directly access the UBS financial advisor network seamlessly on behalf of clients.
"The UBS system compliments our high net-worth client coverage to give us exceptional coverage of the retail fixed income market segment for new issue municipal product," Schober said.
SNW specializes in investment banking and financial advisory services, tax-exempt and taxable underwriting, and trading and sales of fixed income securities. The firm also provides fixed income asset management services through a wholly-owned subsidiary, SNW Asset Management.
