Lebenthal Asset Management manages both taxable and tax-exempt fixed income portfolios.
Municipal Bond Portfolios
Lebenthal Asset Management offers customized investment grade municipal bond portfolios. Each portfolio is tailored to the client based upon their risk tolerance, cash-flow requirements, and tax considerations. Portfolios are managed for total return and seek to achieve both capital appreciation and preservation while minimizing risk. In evaluating municipal bonds, the Portfolio Manager considers individual issuer credit risk, changes in the shape of the yield curve, call features, changes in the various specific sectors of the municipal bond market, and expectations of future economic activity.
— Portfolio Manager: Gregory W. Serbe
Lebenthal Asset Management - Municipal Bonds
Gregory W. Serbe
In 2007 Mr. Serbe rejoined the Lebenthal family as President and Municipal Portfolio Manager of the Lebenthal Municipal Asset Management, LLC. Mr. Serbe had been President of the original Lebenthal Asset Management until 2005, when Lebenthal/Advest merged with Merrill Lynch. At that time he became Vice President and Portfolio Manager of Merrill Lynch Investment Managers, and its successor company, BlackRock, from 2005 to 2007.
His previous work experience includes Managing Director of Municipal Securities for Mitchell Hutchins Asset Management. Prior to that, he was Vice President for Municipal Bonds at Provident Institutional Management Co., Inc., starting the first California Money Market Fund. Mr. Serbe started his municipal bond career at The FirstNational Bank of Chicago.
With over four decades of vast experience Mr. Serbe is a widely quoted veteran of the municipal bond market, and a past Chair of the National Municipal Bond Buyers’ Association. He has a BA from Yale University, an MBA from the University Of Chicago Graduate School Of Business, and a License en Sciences Economiques Appliquées from Louvain University in Louvain, Belgium.
Robert Morgan joined Lebenthal after ten years working at First Investors Management Co., where he traded municipal bonds for a family of multi-state and general market municipal funds with assets in excess of $1.3 billion. In addition to Tax Exempt Bonds, he also traded various Fixed Income products for these and other Taxable Fixed Income Funds. His prior work experience includes investing for high net worth Clients and assisting in the management of over $4 billion in Money Market Funds at Citigroup Asset Management. Rob started his career at George K. Baum and Co. after receiving his BA from Georgetown University.