Skip to main content

NativeOne and Incapital Form a Strategic Partnership


NativeOne Institutional Trading, the first American Indian-owned firm to become a member of the New York Stock Exchange, has partnered with Incapital Financial Group to provide financial services to its Native, First Nations and institutional clients. Their offerings will include corporate and municipal bonds, as well as U.S. agency and mortgage-backed securities.

“Incapital’s leadership and fixed income expertise will further enable us to provide the best available services and products to all Native American Tribes and First Nations, institutional fund managers, state treasurers, pension funds, endowments and other institutional investors,” said NativeOne co-founder Don Lyons, member of the Morongo Band of Mission Indians, in a press release.

Lyons and Dennis Smith, a Wall Street veteran since 1976, co-founded NativeOne in 2009. The firm, which joined Wall Street on December 28, 2010, supports tribes throughout North America by directing a portion of its revenues to support scholarships, internships, job training and other charitable causes.

Incapital—a securities and investment banking firm with offices in Chicago; Boca Raton, Florida; and London, England—underwrites and distributes fixed income securities and structured notes through more than 700 broker-dealers, banks and institutional accounts in the United States, Europe and Asia.

“This is an opportunity for Incapital to support NativeOne in their mission to help all Native people participate in the long-deserved advancement and vitality of their sovereign nations,” said John Radtke, Incapital chief executive officer. “We look forward to working with NativeOne’s seasoned leadership in their work on behalf of North American tribes and First Nations.”

Representatives of both firms planned to attend the Native American Finance Officers Association Fall Finance Conference on October 12-13 at Mohegan Sun in Uncasville, Connecticut, to brief tribal representatives and industry leaders on their new partnership.

For more information, visit and