In 1987, Prager, Sealy & Co. (an FINRA‐registered broker dealer) began with its founders intent on providing clients with old‐fashioned, relationship‐driven, client‐centered advice and service, uncommon then, and uncommon in today's transactionally‐driven climate.

In early 1991 the firm opened its New York sales and trading operation in order to assure that it was in the center of market intelligence for its clients. In late 1991 the firm opened its Orlando office specializing in land‐secured projects. Today the firm has approximately fifty employees all sharing the same commitment to its clients and customers, where such interests always come first. Our belief is that if we serve its clients well, its own success will follow. We have enormous pride in its work and we are committed to achieving excellence in everything we undertake. Although we do a great deal of business, given a choice we prefer to be best rather than biggest. Our people are expected to maintain the highest level of integrity and ethics because these values are at the heart of its business.

The firm's banking staff offers expertise in all major areas of tax‐exempt and taxable municipal finance, including higher education, land‐secured finance, public power, water, transportation, resource recovery and solid waste disposal, housing and redevelopment, real estate and derivative products.

Extensive Senior‐Managed Banking Experience In the years since its inception in 1987, the firm has served as senior manager in connection with taxexempt and taxable municipal financings exceeding $10 billion. Among the firm's major clients are such entities as Stanford University, the California Institute of Technology, Dartmouth College, the University of Southern California, Johns Hopkins University, Duke University, University of North Carolina at Chapel Hill, the Southern California Public Power Authority, Energy Northwest and the Los Angeles Metropolitan Water District. We take great pride in its association with each client the firm represents.