Bought Ivy fund and more municipals from John Snowden

Yesterday John Snowden called me and told me I had 100k in cash in account due to sale of longer term municipal bonds.  I told him to buy 30k of Ivy New Opportunity fund (INOAX) which he had told me about, and 70k of municipal bonds less than 5 year maturity.  This is in Morgan Keegan non IRA account.