Stonebridge Advisors LLC is a registered investment advisor based in Wilton, CT. Stonebridge has specialized in the active management of Preferred and Hybrid Securities for institutional and high net worth individuals since 2004 and manages $13.38 billion in assets under management or supervision (9/30/2025).

Stonebridge’s investment philosophy is centered around risk management, security selection and market inefficiency optimization. Our investment framework utilizes proprietary industry and issuer level credit analysis, macroeconomic themes, relative value analysis and market technicals. We are proud of our long-term record of performance and service to our investors as we strive to provide income and total return to our clients.

Stonebridge Strategies

Standard Taxable Preferred Securities Strategy

The Standard Taxable Preferred Securities Strategy seeks to maximize income and total return by generally investing within the $25 par exchange-traded preferred securities market.

Tax-Advantaged QDI Preferred Securities Strategy

The Tax-Advantaged QDI Preferred Securities Strategy seeks to maximize tax-advantaged preferred income for individual investors (not corporations) and total return by generally investing within the $25 par exchange-traded preferred securities market.

Institutional Preferred Securities Strategy

The Institutional Preferred Securities Strategy seeks to maximize income for investors by investing in preferred, hybrid and other approved securities that pay dividends and interest, including institutional ($1000 par) securities.

Stonebridge Sub-Advised Funds

Stonebridge Advisors serves as the discretionary sub-advisor to four First Trust preferred and hybrid securities fund products (see links below). Preferred securities are often purchased by investors seeking a fixed-income product with the potential for above-average yields, relatively stable income, investment grade ratings on average and portfolio diversification benefits.

Key Points on Preferred Securities

•  Preferred and hybrid securities tend to offer attractive yields and returns.

•  The majority of issuers are investment grade and highly regulated, with some of the lowest long-term default rates among all industries.

•  Companies typically issue preferred securities to meet specific financial requirements, such as improving their capital ratings or complying with regulatory capital rules.

•  Preferred and hybrid securities rank higher than common stock and below senior debt within the capital structure.

•  Preferred and hybrid securities tend to have both debt and equity characteristics.

•  The broad category of hybrid securities includes numerous structures, including variable-rate securities, which offer a component of potential rate protection.