FTN Financial is one of the leading underwriters of the U.S. government agency securities in the United States. It offers portfolio management, advisory, accounting and reporting services. The company provides fixed-income sales and trading services for institutional clients throughout the world. FTN Financial offers institutional equity sales and research, risk arbitrage and asset liability management services. It operates Capital Assets Corporation, which provides mortgage and consumer loan trading and risk analysis services. The company additionally offers safekeeping, check processing, cash deposit, wealth management and merchant services. FTN Financial is a division of First Tennessee Bank National Association, which is operated by First Horizon National Corporation.