Founded in 1988, M. R. Beal is the nation's oldest and continuously operated minority-owned investment bank. The firm consistently ranks among the top-20 national underwriters of municipal debt transactions and among the top-100 underwriters of corporate equity and debt. M. R. Beal is a directed broker for major institutions and an approved broker for most major public and private pension plans. The firm also offers advisory services and proprietary research. Headquartered on Wall Street in Manhattan's financial district, M.R. Beal also has offices in three additional locations: Chicago, Dallas and Sacramento. The firm's equity trading group is based in Chicago.