Piper Jaffray announces that effective today they have signed an exclusive distribution agreement with Charles Schwab for their new issue municipal and secondary taxable and tax-exempt fixed income products. According to Piper Jaffray, this agreement will enhance the ability to serve their municipal issuing clients across the country and will also allow Piper the ability to provide a wide array of fixed income trading products to the Schwab network. Schwab is the largest independent retail firm in the United States with over 8.7 million active brokerage accounts and $1.9 trillion in client assets.
Find a press release with additional details on the expansion from Charles Schwab’s website [here.]
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