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Brochure Supplement Joe Estes
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Own Your Practice
Letter to Clients
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contact us
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Fixed Income Portfolio (FIP)
FIP Program
Services, Fees and Compensation
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Sample Portfolio
Back Dated Performance Reports
Quarterly Performance Reports
Total Asset Market (TAM)
TAM sm Program
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Back Dated Performance Reports
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Municipal Bonds
Taxable Bonds
Par, Premium, and Discount Bonds
Rating and Analyzing Bonds
Refunding & Pre-refunding
Bond Yields
Yield Curve
Secured Bonds
Mortgage Bonds
Unsecured Bonds
Debentures
Subordinated Debentures
Zero-Coupon Bonds
Convertible Bonds
High Yield Dividend Stocks
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Financial Planning
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Implementation
Legal Services
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Professional Alliance Network
Client Service Approach
Client's Responsibilities
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Implementation
Legal Services
Termination
MUNICIPAL BONDS
Municipal Bond Presentation
About Us
The Management
Global Asset Allocation Products
FIP Program
Classifying Municipal Bonds
Revenue Bonds
Credit Factors Affecting General Obligation Bonds
Credit Factors Affecting the Quality of Local Municipal Bonds
Analyzing the Credit Quality of General Obligation Bonds
Analyzing the Credit Quality of Revenue Municipal Bonds
What We Normally Buy
What We Normally Don’t Buy
Municipal Bonds – Unique Asset Class
Default Rates
Yield Difference
Turnkey Operation Platform
Advantages of Our Bid Wanted System
Advantages of Our Clearing System
Preferred Custodian Settlement
Advantages of Same-Day Allocation
TSL’s Turnkey Operation Platform
Classifying Municipal Bonds
Revenue Municipal Bonds
Types of Revenue Municipal Bonds
Industrial Development Revenue Bonds
Lease-back Bonds
Special Tax Bonds
NHA/PHA Bonds
Moral Obligation Bonds
Municipal Notes
TANs/RANs
BANs
CLNs/GANs
Variable Rate Bonds/Notes
Build America Bonds
Double-Barreled Bonds
Bond Index Components
Open-end-Closed-end-Indenture
Sinking Fund
Bond Contracts
Bond Indenture
Official Statement
Bond Issuance Process
Analyzing GO Bonds
Analyzing Revenue Bonds
Debt Ratios
General Price Analysis of Municipal Bonds
Liquidity
Interest Rate Risk
Credit Risk
Coupon Risk
Maturity Risk
Municipal Bond Insurance
Municipal Bonds Unique Asset Class
Default Rates
What We Buy Currently
What We Normally Don’t Buy
Turnkey Operation Platform
Advantages of Our Bid Wanted System
Advantages of Our Clearing System
Preferred Custodian Settlement
Advantages of Same Day Allocation
Traditional Broker/Dealer Execution Flow
TSL's Turnkey Operation Platform
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Total Asset Fund (TAF)
TAF® Program
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Additional Information
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Event Schedule
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Event Schedule
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MVS
Event Schedule
Market Value Securities (MVS sm) Presentation
Featured Event
Calendar of Events
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Investing During Uncertain Times
Read FULL Seminar Here
Tax-Free Income Seminar
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Renaissance IPO ETF
(NY:
IPO
)
44.24
+2.60 (+6.24%)
Official Closing Price
Updated: 8:00 PM EST, Feb 6, 2026
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PowerSchool Raises $710.5M Via IPO At $18 Per Share, Trading Begins Today
↗
July 28, 2021
The cloud-based software provider for K-12 education in North America PowerSchool Holdings, Inc, (NYSE: PWSC) priced 39.5 million shares at $18 per share in its ...
Via
Benzinga
Topics
Initial Public Offering
Snap One Prices IPO At Lower End Of Estimated Range, Trading Begins Today
↗
July 28, 2021
Smart living products, services, and software provider Snap One Holdings Corp (NASDAQ: SNPO) priced 13.85 million shares at $18 per share in its initial public...
Via
Benzinga
Topics
Initial Public Offering
MeridianLink Raises $260M Via Upsized IPO At $26 Per Share, Trading Begins Today
↗
July 28, 2021
Cloud-based technology company MeridianLink, Inc (NYSE: MLNK) priced 13.2 million shares at $26 per share in its upsized initial public offering. The company...
Via
Benzinga
Topics
Initial Public Offering
Duolingo Prices IPO Above Estimated Price At $102 Per Share, Trading Begins Today
↗
July 28, 2021
Mobile language learning platform Duolingo, Inc (NASDAQ: DUOL) priced 3.7 million shares at $102 per share in its initial public offering. The estimated gross proceeds...
Via
Benzinga
Topics
Initial Public Offering
Visa-Backed Conductor Prepares for US IPO: Reuters
↗
July 27, 2021
Visa Inc (NYSE: V) backed Brazilian payments firm Conductor has hired banks for a U.S. initial public offering that could occur as early as 2021, Reuters reports....
Via
Benzinga
Language Learning App Duolingo Could Be Valued Over $4.6B Based On Upsized IPO: Reuters
↗
July 26, 2021
Duolingo Inc (NASDAQ: DUOL) proposed to sell 5.1 million shares at between $95 - $100 each in its upsized U.S. initial public offering, Reuters reports. The hike...
Via
Benzinga
Cell Analysis Instruments Provider Cytek Biosciences Kick Starts Trading After Pricing IPO At $17
↗
July 23, 2021
Cytek Biosciences Inc (NASDAQ: CTKB) shares started trading today after its initial public offering was priced to raise about $200 million for the cell-analysis Company....
Via
Benzinga
Topics
Initial Public Offering
Xponential Fitness Prices Downsized IPO Below Expected Range
↗
July 23, 2021
Xponential Fitness Inc (NYSE: XPOF), a fitness franchiser, has announced the pricing of its initial public offering (IPO) of 10 million shares at $12 per ordinary...
Via
Benzinga
Topics
Initial Public Offering
Outbrain Prices IPO Below Expected Range; Trading Begins Today
↗
July 23, 2021
Open web recommendation platform Outbrain Inc (NASDAQ: OB) priced 8 million shares at $20 per share in its initial public offering. It earlier expected to price...
Via
Benzinga
Topics
Initial Public Offering
Gambling.com Prices IPO At Lower End Of Expected Range
↗
July 23, 2021
Gambling.com Group Ltd (NASDAQ: GAMB), a digital marketing services provider, has announced the pricing of its initial public offering (IPO) of 5.25 million shares...
Via
Benzinga
Topics
Initial Public Offering
AI-based Healthcare Data Analytics Platform Provider Sophia Genetics Makes Its Wall Street Debut: What You Need to Know
↗
July 23, 2021
Switzerland-based Sophia Genetics SA (NASDAQ: SOPH), a healthcare tech company, is debuting on Wall Street Friday. Here is what you should know about the company. Sophia...
Via
Benzinga
Instructure Holdings Raises $250M Via IPO At $20 Per Share, Trading Begins Today
↗
July 22, 2021
Education technology company Instructure Holdings Inc (NYSE: INST) priced 12.5 million shares at $20 per share in its initial public offering. It earlier...
Via
Benzinga
Topics
Initial Public Offering
Zenvia Raises $150M Via IPO At $13 Per Share
↗
July 22, 2021
Customer experience communications platform Zenvia Inc (NASDAQ: ZENV) priced 11.5 million shares at $13 per share in its initial public offering. The...
Via
Benzinga
Topics
Initial Public Offering
VTEX Raised $264M Via IPO At $19 Per Share, Trading Begins Today
↗
July 21, 2021
Software-as-a-service digital commerce platform provider VTEX (NYSE: VTEX) priced 19 million shares at $19 per share in its initial public offering. The...
Via
Benzinga
Topics
Initial Public Offering
Paycor HCM Raised $425.5M Via IPO At $23 Per Share, Trading Begins Today
↗
July 21, 2021
Human Capital Management (HCM) software creator Paycor HCM Inc (NASDAQ: PYCR) priced 18.5 million shares at $23 per share in its initial public offering. The...
Via
Benzinga
Topics
Initial Public Offering
Nervous System Firm Eliem Therapeutics Files For $80M IPO
↗
July 19, 2021
Eliem Therapeutics (NASDAQ: ELYM), a Phase 2a biotech developing therapies for neuronal excitability disorders, filed an IPO prospectus with the SEC to raise up to $80...
Via
Benzinga
Topics
Initial Public Offering
Regulatory Compliance
Skin-Disease Focused Biotech Castle Creek Files $100M IPO
↗
July 19, 2021
Ahead of Phase 3 data readout in the second half of next year, Castle Creek Biosciences Inc (NASDAQ: CCBS) seeks to make NASDAQ debut under the symbol CCBS. The Company...
Via
Benzinga
Adagio Files $100M IPO To Take Its COVID-19 Antibody Through Commercialization In 2022
↗
July 19, 2021
Adagio Therapeutics has filed an initial public offering to raise money to bring its COVID-19 antibody to market. The $100 million IPO will support Phase 2/3 trials...
Via
Benzinga
Topics
Initial Public Offering
Celularity Closes SPAC Merger With GX Acquisition, Trading Starts Monday
↗
July 16, 2021
Celularity Inc has closed the merger with GX Acquisition Corp (NASDAQ: GXGX), giving Celularity $138 million to push the NK cell and T cell therapies into early-...
Via
Benzinga
Alibaba, SoftBank Backed Indian Online Payment Startup Paytm Eyes $2.2B IPO: TechCrunch
↗
July 16, 2021
Indian digital payments startup, Paytm, plans to raise $2.2 billion in an initial public offering, TechCrunch reports. Alibaba Group Holding Ltd (NYSE: BABA) and Ant...
Via
Benzinga
Heart Disease Company Tenaya Therapeutics Files For $100M US IPO
↗
July 12, 2021
Tenaya Therapeutics (NASDAQ: TNYA) is quickstepping into a $100 million NASDAQ debut under the TNYA symbol. The company filed an SEC prospectus on Friday. The biotech...
Via
Benzinga
Topics
Regulatory Compliance
Ocular Medical Device Firm Sight Sciences Sets Terms For $150M IPO
↗
July 09, 2021
Ophthalmic device developer Sight Sciences (NASDAQ: SGHT) hopes to see its way to nearly a $1 billion valuation through a $150 million Nasdaq debut. The IPO includes 7...
Via
Benzinga
Topics
Initial Public Offering
Precision Oncology-Focused Biotech Nuvalent Files For $100M IPO
↗
July 07, 2021
Less than six months after emerging from stealth, the Deerfield-backed biotech Nuvalent (NASDAQ: NUVL) is already prepping a Nasdaq debut. Nuvalent filed its S-1...
Via
Benzinga
Rare Disease Biotech Rallybio Targets $100M IPO
↗
July 06, 2021
Rallybio Corporation (NASDAQ: RLYB) ended the first quarter with nearly $128 million in the bank, and now it has filed to raise up to $100 million in its IPO to...
Via
Benzinga
Topics
Initial Public Offering
GIC-Backed WCG Clinical Plans $100M NASDAQ Debut
↗
July 02, 2021
WCG Clinical Inc (NASDAQ: WCGC), a clinical trial solutions company backed by Singapore's sovereign wealth fund GIC, filed for an initial public offering in the U.S. on...
Via
Benzinga
Caribou Biosciences Eyes $100M NASDAQ Debut To Propel Off-The-Shelf CAR-T Therapies In Blood Cancer
↗
July 02, 2021
In a filing with SEC on Thursday, Caribou Biosciences (NASDAQ: CRBU) is penciling in a $100 million initial public offering. The firm expects that its new shares...
Via
Benzinga
Topics
Regulatory Compliance
Intapp Prices IPO At $26 Per Share; Trading Begins Today
↗
June 30, 2021
Cloud-based software solutions provider Intapp Inc (NASDAQ: INTA) priced 10.5 million shares at $26 per share in its initial public offering. The estimated gross...
Via
Benzinga
Topics
Initial Public Offering
SoftBank-Backed Dingdong Downsizes U.S. IPO Target Following Missfresh Debacle: Reuters
↗
June 29, 2021
SoftBank Group Corp (OTC: SFTBY) (OTC: SFTBF) Vision Fund II backed Chinese grocery app, Dingdong has downsized its U.S. initial public offering size to almost 25% of its...
Via
Benzinga
Topics
Initial Public Offering
Warehouse Robotics Company AutoStore Targets $10B IPO: Bloomberg
↗
June 29, 2021
Norwegian warehouse robotics company, AutoStore, is exploring an initial public offering that could value it over $10 billion, Bloomberg reported. It is working with Morgan...
Via
Benzinga
Singapore's Online Marketplace Company Carousell Aims US Listing Via SPAC Merger: Bloomberg
↗
June 28, 2021
Singapore’s online classifieds marketplace operator Carousell Pte is eyeing a U.S. listing via special purpose acquisition company (SPAC) merger at a valuation of...
Via
Benzinga
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