OUR STRATEGIES
Tax-Exempt
Offering Tax Advantages and Diversification Benefits
Earn consistent tax-exempt income while supporting essential national and local infrastructure through Piton’s actively managed municipal SMAs. Piton’s tax-exempt strategies invest in investment grade municipal securities with a focus on current income consistent with the long-term preservation of capital. In addition to federal tax exemption, Piton can help customize portfolios to also be exempt from state taxes. Piton’s municipal strategies offer tax advantages and diversification benefits as part of a well-rounded investment strategy, particularly helpful for those in higher tax brackets.
Piton’s short and intermediate duration portfolios offer a diversified approach to preserving capital and generating income while seeking total return. Our team trades directly with Wall Street trading desks, allowing us to provide our clients with access to institutional inventory and pricing in conjunction with our knowledge and expertise without excessive markups.
Our Tax-Exempt Strategy Is Focused On
Diversification
Tax-advantaged solutions
Capital preservation
Strategies for Tax-Exempt Exposure
Piton Tax-Exempt Short Duration Strategy
Assets: Municipal Bonds, Tax Free Money Market Instruments, State Specific (if appropriate)
Target Maturity: 0-5 year
Target Duration: Less than 2.5 years
Target Credit Quality: AA
Piton Tax-Exempt Intermediate Duration Strategy
Assets: Municipal Bonds, Taxable Municipal Bonds, State Specific (if appropriate)
Target Maturity: 0-10 year
Target Duration: 3-5 years
Target Credit Quality: AA-A
Related Insights
Brian Lockwood, CFA
Chief Investment Officer
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