I am trying to help a close friend select where he should open an account for the fixed income part of his and his mother's portfolio that he will be managing. He expects to trade opportunistically over time among the major segments of the market (treasuries, corporates, munis etc). The fixed income part that he will be managing will be about $500,000. Any advice on which brokers to use and the key considerations would be much appreciated. He would like to use no more than 2 brokers.
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