# SAMCO Capital Markets

SAMCO Capital Markets is a Bank / Wealth / Trust based in Austin, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** 6805 Capital of Texas Highway, Suite 350, Austin, TX 78731
- **Founded:** 1987
- **Assets under management:** Undisclosed
- **Website:** samcocapital.com
- **LinkedIn:** https://www.linkedin.com/company/samco-capital-markets

## Regulatory record

- **Reports private funds:** No

## About

SAMCO Capital Markets, Inc. Founded in 1987 and headquartered in Austin, SAMCO Capital Markets, Inc., an employee-owned company, combines depth of experience and the highest integrity. With deep local knowledge about our dynamic Texas market, our professionals have experience in both up and down markets and

## Sectors

- Municipal Bonds
- Fixed Income
- Investment Banking
- Public Finance

## Offices

- Dallas, TX
- Plano, TX
- Houston, TX
- San Antonio, TX

## People

- Richard L. Davis — CFA
- James P. Forrest — Managing Director
- Andrew B. Kim — Managing Director
- Joseph R. Mannes — CFA
- Duane L. Westerman — Managing Director

## Questions

### Who runs investment decisions at SAMCO Capital Markets?

Senior fixed-income and investment banking decisions are made by the managing directors listed on the firm's website, including Richard L. Davis, James P. Forrest, Andrew B. Kim, and Duane L. Westerman. Richard L. Davis and Joseph R. Mannes hold CFA charters. The firm is employee-owned, so risk and capital allocation are governed collectively by its senior professionals.

### Does SAMCO manage third-party capital or operate only off its balance sheet?

SAMCO does not market pooled funds or separately managed accounts. It underwrites and trades municipal and taxable fixed income using its own capital, acting as a principal liquidity provider for institutional clients including banks, trust departments, and family offices.

### What is the relationship between SAMCO Capital Markets and McLiney And Company?

McLiney And Company operates as a division of SAMCO Capital and provides public finance advisory services to school districts, cities, and municipal governments primarily in Missouri and Kansas. The McLiney team has served the Midwest market since 1965 and extends SAMCO's municipal advisory reach beyond Texas.

### Which sectors does SAMCO explicitly avoid?

The firm is not active in corporate equity underwriting, venture capital, private equity, or real estate investment. Its disclosed expertise is confined to municipal bonds, taxable fixed income, and investment banking advisory for public and private issuers in its regional network.

### How is SAMCO compensated on municipal underwriting mandates?

As an underwriter, SAMCO earns the spread between the price it pays the issuer and the price at which it resells bonds to institutional and retail investors. For advisory mandates, the firm charges negotiated fees based on the size and complexity of the financing. Exact fee schedules are not publicly disclosed.

## Related profiles

- [Sambrinvest](https://altss.com/profile/sambrinvest)
- [Samena Capital](https://altss.com/profile/samena-capital)

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Last updated: 2026-06-03T20:00:00.000Z

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