Tribal Capital Markets, LLC, founded in 1995, is the largest American-Indian Tribally (AIT) owned full-service broker-dealer in the United States. It is a Nationally Certified Minority Business Enterprise, headquartered in Summit, New Jersey, with satellite offices in New York, California, Georgia, Idaho, Florida, North Carolina, Tennessee, and Montreal, Canada. The majority owner is the Morongo Band of Mission Indians of Banning, California. Established in 1865, the Morongo are one of only 562 American Indian tribes and Alaska Natives in the United States recognized by the US Bureau of Indian Affairs.
With over $17 million of capital provided by the Morongo Band of Mission Indians, Tribal Capital Markets has the resources necessary to provide liquidity for its clients when requested. TCM offers new issue and secondary sales/trading services in all fixed income asset classes. TCM additionally provides corporate and municipal investment banking and underwriting services to public and private corporations, municipalities, depositories, and GSE’s across the US.
A leading priority for Morongo in becoming a majority owner of Tribal Capital Markets was to advocate for Native Americans within the financial services space as well as utilizing this platform to further their beliefs and causes. Protecting the earth is among these causes and TCM has become focused in the Clean & Renewable Energy space, raising debt and equity for companies and projects that lower the carbon footprint globally.