Fixed Income Sales & Trading


Our bond expertise reaches
institutional investors 
throughout the United States

Our Fixed Income Sales & Trading Group provides expertise in municipals, taxable fixed income, and structured products along with value-added insights, strategies, and portfolio construction. Our expertise in bonds enables us the ability to offer comprehensive fixed income investment solutions to:

  • RIAs - Registered Investment Advisors

  • Asset Managers

  • Banks & Thrifts

  • Credit Unions

  • Insurance Companies

  • Broker-Dealer

Unlike individual stocks, bonds have many nuances, especially in the tax-free municipal market. Did you know that some municipal bonds that look tax-free on the surface may have hidden taxable attributes? The AMT tax may be an apparent attribute. But are you aware of the possible tax consequences of OID (Original Issue Discount) or are you familiar with the term De Minimis and its tax consequences?  Partnering with a specialized bond firm may help you avoid these pitfalls.

​The bond principals at Herold & Lantern Investments have been providing expertise in the fixed income arena and can help and guide you to source and buy bonds for your clients. Our seasoned bond traders have been trading bonds for over 20 years each. We go beyond just trading or buying a bond - we are available to consult on specific portfolio ideas, portfolio construction, bond exchange strategies, and other timely fixed income solutions that may be appropriate depending on your client's investment objectives. Think of us as your private fixed income trading team.


  • Immediately gain the experience and expert knowledge our institutional fixed income trading team:

    Keith Lanton - President
    A founding principal of Lantern Investments, Inc in 1993, Mr. Lanton has overseen the significant growth of Lantern Investments’ client assets from $25 million to more than $1 billion. He has held the title of President for Lantern Insurance Brokerage, Inc. since 1994. Mr. Lanton also has been a Managing Member of Lantern Wealth Advisors, LLC. since 2008. He now serves as President of Herold & Lantern Investments, Inc. Mr. Lanton received his BA in Economics from Emory University and was elected to Phi Beta Kappa. He also studied at the London School of Economics and received his MBA® from Columbia University.
    Brad Harris
    Brad Harris has been a municipal bond specialist since 1989. He is the third generation of the Harris family to participate in the New York municipal bond industry.  Brad was preceded by his grandfather, Henry Harris, and his father, Douglas Harris, with whom he continues to work at the Manhattan branch of Herold & Lantern Investments. Prior to joining our firm, Brad was Vice President of his family’s firm, Douglas & Co. Municipals. Brad has developed a broad base of individual and institutional customers, as well as excellent relationships with many broker-dealers and other industry professionals nationwide. Since joining Herold & Lantern Investments, Brad has expanded his business beyond municipal and government bonds to include all fixed income securities. Brad received his BA from Franklin and Marshall College. He is currently the Treasurer of the Municipal Bond Club of New York and is active in several charities that serve the children of New York City.

    Frank Fileccia
    Frank’s institutional bond trading spans 36 years and his fixed income expertise is in corporate bonds. Frank began his career with Murphy & Durieu. He then spent 11 years with Herzog, Heine, Geduld, and 6 years with Hapoalim Securities. Over the years, Frank has traded corporates in all interest rate environments. A graduate of Farmingdale University in Accounting, Frank is married with three children.

    Richard Seifer
    Richard’s bond trading experience started at Gregory & Sons as a floor Clerk in the bond room at the NYSE in June 1964. In January of 1971, after two years of military service, his career re-started with an eleven-year stint on the corporate trading desk at Prudential, Bache Securities. He then spent the next eight years at Murphy and Dureau/Gruntal.  A bright career at Purcell Graham was cut short at just under three years when the owner suddenly passed away in 1993. At this point, Richard formed a partnership with one other principal and opened Bernard, Richards Securities, Inc. (BRSI). Although BRSI specialized in institutional trading of fixed income securities, it maintained a large base of retail investors as well. Richard graduated with a BBA from the Baruch School (CCNY) in 1968.

    Keith Douglas
    Keith is a financial services professional with 24 years of experience in FX, taxable fixed income, municipals, structured products, and philanthropic services. He is known for providing innovative advice, risk management solutions, and hedging strategies for financial professionals, RIAs, banks, hedge funds, and asset managers.  Keith’s responsibilities encompass providing Herold & Lantern Investments financial professionals and financial institutions with fixed income portfolio strategies and portfolio construction. In addition, he assists in facilitating fixed-income trading to broker-dealers that operate under a ‘piggyback” tri-party clearing arrangement and RIAs looking to expand their network of fixed income sources. Prior to joining our firm - at Citigroup Global Markets - Keith provided fixed income strategies and portfolio construction to financial advisors, community banks, and financial institutions.

  • Leverage our nationwide network of fixed income, bond traders

  • Fixed Income Broker-Dealer with access to multiple trading platforms

  • Differentiate your firm, especially if you’re not investing in individual bonds and are currently using ETFs, mutual funds or other packaged products

  • Advice and ongoing guidance on year-end tax exchanges offsetting capital gains

  • Clearing, Custody, and Settlement services provided by Pershing, LLC a wholly-owned subsidiary of BNY Mellon with $1.7 trillion in global client assets as of December 31, 2018.


To learn more about our Fixed Income Sales & Trading group and how we can help your business grow and differentiate itself, please contact Keith Lanton, President, confidentially at tel: 631.454.2000 | LinkedIn: or This email address is being protected from spambots. You need JavaScript enabled to view it.


The Four Pillars Of Institutional Distinction
Collaboration | Skill | Experience | Guidance

Company Info

35 Pinelawn Rd., Suite 101E
Melville, NY 11747

805 Third Avenue
18th Floor
New York, New York 10022

Our Disclosure

Wealth Advisory solutions provided by subsidiaries of Percheron Asset Management Group, Inc.: Herold Advisors Inc. and Lantern Wealth Advisors, LLC., SEC registered investment advisors. Securities offered through Herold & Lantern Investments Inc., a registered broker dealer, Member FINRA, MSRB, SIPC.

Bernard Herold & Co., Inc.
Rule 606(a)1 Reporting Public Disclosure


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