NAV Fund Administration Group Releases Major Upgrade to its Private…

News Image

We see Private Equity and Venture Capital funds as a major growth area for us over the next decade, said Nav Gupta, CEO of NAV. There is still a lot of self-administration in this space, and those funds that are outsourcing are underserviced due to a lack of technology.

NAV is proud to announce the release of its new software platform for Private Equity and Venture Capital funds. Following months of development and testing, NAV released the new software in May and began migrating its current clients in June. “We see Private Equity and Venture Capital funds as a major growth area for us over the next decade,” said Nav Gupta, CEO of NAV. “There is still a lot of self-administration in this space, and those funds that are outsourcing are underserviced due to a lack of technology.”

In the new upgrade, NAV has completely automated the capital call and distribution process. This includes calculating interest/expense catchups, tracking recycling provisions, setting up Distribution wires, and tracking delinquent payments. NAV’s software will also generate and deliver Capital Call and Distribution Notices, which can be customized to each specific client’s requirements. Other upgrades include expanded functionality for carried interest calculations, to allow for thousands of different waterfall calculations, and enhanced automation in calculating IRR.

“Having our own proprietary technology platform gives us a lot of flexibility,” said Sudha Gupta, CTO of NAV. “When we began this project, our goal was to build the most robust system to service this market, without taking any shortcuts. We are very pleased with the end product and know that are clients will be too.”

About NAV Fund Administration Group

NAV Fund Administration Group (“NAV”) is a fund administrator with over 27 years of experience in providing a comprehensive fund service offering including, accounting, reporting, investor servicing, and middle and back-office support to the hedge fund industry. NAV is ranked among the top 10 fund administrators in the world by number of funds. With assets under administration of US$65 billion, NAV employs over 500 people that serve a global client base of over 800 clients. NAV is differentiated in the industry by its independence, proprietary technology and client retention. https://www.navconsulting.net/

Share article on social media or email:

https://www.prweb.com/releases/nav_fund_administration_group_releases_major_upgrade_to_its_private_equity_and_venture_capital_software/prweb15685185.htm

American Portfolios Officially Launches Client-Facing Portal Within…

HomePort – Client Access is an important step in American Portfolios' constant pursuit of using technology to improve scalability and to lower the cost of serving its customers.

HomePort – Client Access is an important step in American Portfolios’ constant pursuit of using technology to improve scalability and to lower the cost of serving its customers.

“When we build a program or process for scaling and efficiency, then we want to make sure that it helps both our advisors and their clients—the investing public.” — American Portfolios CEO Lon T. Dolber

American Portfolios Financial Services, Inc. (AP)—a privately-held, independent broker/dealer which provides services and support to investment professionals throughout the country—officially launched Client Access, a new investor-focused application on the company’s proprietary technology platform, HomePort. Designed with the express purpose of creating value-added services all around, AP’s affiliated colleagues may now offer their clients the ability to engage more directly with their accounts by performing various online functions.

HomePort – Client Access, which was conceived and built in-house by AP’s platform development team, increases efficiencies in investment professionals’ practices, as well as AP’s home office, providing back-end support and services to the firm’s growing advisor community. “We are entering a new world in which customers are willing to do more things on their own, and should at least be given a choice to do so where feasible,” states AP CEO Lon T. Dolber regarding AP’s further push toward technology independence. “We need to create an environment where we can do more with less. To mitigate price compression on a firm level, we have to live within our own technology bucket by building our own systems that are specific and strategically driven to address advisor needs. When we build a program or process for scaling and efficiency, then we want to make sure that it helps both our advisors and their clients—the investing public.”

The objective of driving operating and workflow efficiencies stems from AP’s commitment to develop innovative business solutions that reap the benefits of trending technology for meaningful change, spanning from home office operations to end-client households. “HomePort – Client Access is an important step in our constant pursuit of using technology to improve scalability and to lower the cost of serving our customers,” states Executive Vice President of Technology Strategy Atindra Barua, who spearheaded the development of the client portal along with Vice President of Platform Development Andrew Dorfman. “This is the first phase in connecting our investing public to our investment professionals. It sets the stage for incorporating new features in the future to increase the scale of servicing our clients, improving service quality and supplying features that can only be offered online.”

Through HomePort – Client Access, investors can view any mailings that the independent broker/dealer has sent them on behalf of their AP-affiliated investment professional. Within the self-service application, investors are also able to opt out of receiving mailings and will be notified via e-mail when new documents are on file. Investors who have access to their accounts through Albridge or NetX Investor will also be able to conveniently login to those applications from within HomePort – Client Access. The end-client verification and login process is quick and user-friendly; once established, they are brought to a Welcome Page from which they can navigate to several tabs to view their personal documents and notifications, as well as perform various functions, such as choosing to opt out of receiving physical mailings for all of American Portfolios Financial Services, Inc. (APFS) and the firm’s Registered Investment Advisory (RIA) American Portfolios Advisors, Inc. (APA), or view any documents that APFS or APA has mailed to them.

As AP’s platform development team continues to enhance HomePort – Client Access for the utmost benefit of investment professionals and their customers, it is expected that future editions of the application will allow investors to opt out of Pershing’s physical mailings; to update New Account Form information tied to their Investor Record held at AP; and program the application to automatically grant portal access to any investor whose e-mail address, cell phone number and client signature page are all on file.

American Portfolios looks forward to the limitless potential of HomePort and its newest application, HomePort – Client Access, as well as its future technological endeavors, as it moves ever further along the path to platform and technology independence—making the firm a leader among independent broker/dealers.

About HomePort

The HomePort environment is tailored to each user’s needs through single sign-on access (SSO), providing them with a streamlined user experience. HomePort’s architecture brings together all of AP’s proprietary technology—including STARS, the firm’s main operations system through which all business and transactions are entered and recorded, and Portfolio Insight, the firm’s custom-built advisory technology platform—as well as vendor-licensed programs and services, such as Albridge Wealth Reporting; NetX360, Pershing’s digitally enabled wealth management platform; and CommWeb, a sales management software and performance measurement system through Xtiva Financial Systems. The platform features a diverse interface that includes every tool that an investment professional needs in order to run their practice and manage their clients’ accounts, including, but not limited to, compliance, fixed income, general securities, insurance and product resources, as well as advisor-generated proposal reporting capabilities. It also includes a staging ground for an e-commerce environment, currently called “The Place,” offering financial services business solutions to affiliated investment professionals, with an initial rollout of models and strategies on the Nine Points Advisory Services Platform, under APA.

About American Portfolios

Headquartered in Holbrook, N.Y., American Portfolios Financial Services, Inc. (APFS) is a full-service, independent broker/dealer and member firm of FINRA and SIPC, offering a complete range of financial services, including personal financial and retirement planning, securities trading, mutual funds, access to investment research, long-term care planning, insurance products and tax-free investing. Fee-based asset management is offered through its sister subsidiary, American Portfolios Advisors, Inc., (APA), an SEC Registered Investment Advisor. Both entities, along with technology entity American Portfolios Advisory Solutions, LLC, collectively reside under the legal entity American Portfolios Holdings, Inc. (APH). Full-service securities brokerage is available through a clearing firm relationship with Pershing, LLC, a BNY Mellon firm, the securities of which are held on a fully disclosed basis. The company currently serves 811 independent investment professionals located in 376 branch locations throughout the nation. It was named Broker-Dealer of the Year* (Division III) by Investment Advisor magazine in 2015, 2016 and 2017, as well as one of the top 10 Best Companies to Work for in the state of New York for 2016, 2017 and 2018 by the New York State Society for Human Resources Management (NYS-SHRM) and the Best Companies Group (BCG).

*Based on a poll of registered representatives conducted by Investment Advisor magazine. Broker/dealers rated highest by their representatives are awarded “Broker/Dealer (B/D) of the Year.”

Share article on social media or email:

https://www.prweb.com/releases/american_portfolios_officially_launches_client_facing_portal_within_its_proprietary_technology_platform/prweb15689239.htm

Brookstone Capital Management Enhances Platform with the Launch of…

Brookstone Insurance Group

We created a new business model that fully integrates the world of fee-based advisory services with fixed indexed annuities and insurance.

Brookstone Capital Management announced that it has recently launched Brookstone Insurance Group (BIG) to provide advisors a solution in sales of fixed indexed annuities and insurance products.

Founder and CEO, Dean Zayed, feels that Brookstone must become more than a standard Turn-Key Asset Management Platform (TAMP). “We have been on the cutting edge with an expansive platform that has fulfilled almost every advisor’s needs, with only one limitation. With BIG, we are removing that limitation. We want to ensure that advisors have one simplified solution for their practice, so we created a new business model that fully integrates the world of fee-based advisory services with fixed indexed annuities and insurance,” Zayed said

BIG is a full-service insurance company that will provide advisors access to major carriers, industry leading products, and cutting-edge technology. “Advisors are looking for a turn-key solution to streamline their business, as well as being fiduciary compliant. We listened and created an all-inclusive approach that will revolutionize the TAMP industry,” Zayed said. “With this change in our business model, we believe that Brookstone has once again maintained its status as a thought leader in the industry,” he added.

With over $2.4B in Assets Under Management (AUM) and 350+ Advisors doing business in all 50 states, Brookstone has positioned itself as a leader in the independent advisory space. With most of their affiliated advisors also providing insurance solutions to clients, the creation of BIG is the next logical evolution for the company.

About Brookstone Capital Management

Founded in 2006, Brookstone Capital Management is a SEC Registered Investment Advisor firm providing fee-based asset management services. Brookstone offers investment management through a select network of independent advisor representatives, offering portfolios that span conservative, moderate, and growth oriented risk tolerances. Founder and CEO Dean Zayed established Brookstone with the singular goal of forging strategic relationships with independent advisors to support all aspects of their fee-based advisory business.

About Brookstone Insurance Group

Founded in 2018, Brookstone Insurance Group (BIG) is an affiliated company of Brookstone Capital Management established by Dean Zayed. BIG distributes fixed indexed annuity and insurance products through a select network of carriers to its contracted agents.

###

Share article on social media or email:

https://www.prweb.com/releases/brookstone_capital_management_enhances_platform_with_the_launch_of_brookstone_insurance_group/prweb15686465.htm

Financial Poise™ Announces “Investing Basics 2018: The Legal & Tax…

Legal and tax savvy pays off for anyone gathering assets for any purpose, including long-term goals like estate planning and asset protection.

The Financial Poise INVESTING BASICS 2018 webinar series is intended for the investor who wants to reduce the “unknown unknowns” of investing.

First, a refresher on asset allocation and portfolio theory, i.e., how to array your investments to produce reliable returns over time and temper potential losses. Then two episodes on the “why?” of investing – the goals one pursues, such as financing family events, retirement, and the fate of your assets when you meet your Maker or Makers or fade to black or whatever. Tax and legal and investment professionals have their uses, but you get more from them when you know what questions to ask and what information to insist on receiving. The final two episodes turn topical, taking up special topics, including options and private securities (as well as public securities).

The third episode of the series, The Legal & Tax Aspect of Investing: Asset Protection; Estate Planning, and Tax Efficiency, airs on August 14th at 2:00 PM CST (Register Here) and features Moderator Christopher Cahill of Lowis & Gellen LLP. He is joined by Allan Epstein of Lopata, Flegel & Company LLC, Jay Pollack of Laurus Strategies for Wealth, and Jeff Shelley of Sugar Felsenthal Grais & Helsinger.

We always hear that estate taxes are avoided by wealthy people with savvy advisors, and we sometimes are told that such taxes fall hardest on less savvy owners of family businesses. Well, legal and tax savvy pays off for anyone gathering assets for any purpose, including long-term goals like estate planning and asset protection. How not to be penny-wise and pound foolish – this webinar discusses this, and much more.

The INVESTING BASICS 2018 webinar series is produced by Financial Poise.™ Future episodes in the series include “Advanced Investing Topics: Unicorns and Pre-Unicorn Scalable Private Company Propositions,” airing on September 25th and “Options for the Accredited Investor,” airing on October 23rd. Each episode airs at 2:00 PM CST. All episodes premiere live through West LegalEdCenter and then are made available on-demand.

As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.

About Financial Poise™

Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to individual investors and private business owners. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/

Share article on social media or email:

https://www.prweb.com/releases/financial_poise_announces_investing_basics_2018_the_legal_tax_aspect_of_investing_a_webinar_premiering_august_14_2018_at_2_00_pm_cst_through_west_legaledcenter/prweb15686317.htm

US CMBS Delinquency Rate Sets Another Post-Crisis Low in July

CMBS Delinquency Rate

CMBS market participants have to be extremely pleased with 2018 thus far.

Trepp, LLC, a leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has released its July 2018 US CMBS Delinquency Report. The full report can be found here: http://info.trepp.com/july-2018-cmbs-delinquency-report-press-release.

The Trepp CMBS Delinquency Rate dropped 14 basis points to 3.81% in July, which is the reading’s new post-crisis low. Delinquencies continue to fall thanks to the resolution of distressed legacy debt and the lively pace of new loans being incorporated into the market. Since the beginning of 2018, the CMBS Delinquency Rate has jumped lower by more than 1%. Trepp researchers feel that the delinquency reading could break the 3% threshold by the end of the year.

“CMBS market participants have to be extremely pleased with 2018 thus far,” said Trepp Senior Managing Director, Manus Clancy. “Loans from the Wall of Maturities continue to be resolved briskly and with smaller losses than anticipated. New issuance has surpassed expectations as the industry grows its footprint beyond maturing debt. All of that has contributed to a lowering of the delinquency rate.”

The delinquency rate for CMBS 2.0+ loans slid up three basis points to 0.52% in July. The reading for 2.0+ debt which is seriously delinquent is now 0.42%, one basis points higher month over month. After a small increase in June, the CMBS 1.0 delinquency rate shed 79 basis points to 46.40% in July. The reading of seriously delinquent CMBS 1.0 debt decreased 82 basis points to 46.27%.

After more than two years as the best performing major property type, the multifamily sector has been dethroned. The lodging delinquency rate fell seven basis points to 2.25% in July, making it the lowest delinquency rate among the major property segments. The apartment reading climbed seven basis points to 2.35% last month. July’s largest month-over-month drop belonged to the industrial sector, as its rate jumped 46 basis points lower to 4.21%.

For additional details, such as historical comparisons and analysis on potential future rate moves, download the July 2018 US CMBS Delinquency Report: http://info.trepp.com/july-2018-cmbs-delinquency-report-press-release. For daily CMBS commentary, follow @TreppWire on Twitter.

About Trepp

Trepp, LLC, founded in 1979, is the leading provider of information, analytics and technology to the CMBS, commercial real estate and banking markets. Trepp provides primary and secondary market participants with the web-based tools and insight they need to increase their operational efficiencies, information transparency and investment performance. From its offices in New York, San Francisco and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance and portfolio management. Trepp is wholly-owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com.

Share article on social media or email:

https://www.prweb.com/releases/us_cmbs_delinquency_rate_sets_another_post_crisis_low_in_july/prweb15678812.htm

Trade Ideas LLC’s Actionable Intelligence Continues to Outpace Market…

Q1 and Q2 2018: Long/Short Portfolio Analysis (US Equities)

We are just getting started with A.I. and our impact on trading and investing decisions. Look for our ICO to launch in 2020

The net return of the Trade Ideas’ simulated portfolio for the first half of 2018 ending June 30th was 54% after commissions in Risk-On mode. These results were achieved by the company’s A.I.-powered investment discovery engine named ‘HOLLY.’ The portfolio’s gross return, before commissions and fees, measured 61%. These results compare to the S&P 500, measured by the $SPY index, which returned a small gain of 3.0% over the same period. Risk-On performance reflects a bias towards staying in the positions beyond reward targets while strictly adhering to risk targets for each trade. Unlike Risk-Off mode, where reward actions do not deviate from trade plan parameters and where risk management rules permit exits earlier if existing profits erode significantly, Risk-On mode carries all trades the entire day until the close. This mode is often present during days of momentum which typify the majority of trading days in the first half of 2018. Note that Holly’s Risk-Off performance for Q1 and Q2 2018 returned a smaller gain of 17%.

Additional metrics:

  • Total trades, Q1 & Q2 2018: 1,811
  • % Winning Trades: 44.9%
  • Profit Factor: 1.77
  • Sharpe Ratio: 5.92
  • Benchmark Return, SPY: 3.0%

“This is no longer an aberration in capturing alpha, but rather the indication that systematic approach to the market powered by innovative and machine learning A.I. works. This result is no longer surprising to us, but it is nevertheless impressive.” said David Aferiat, Co-Founder and Managing Partner of Trade Ideas. “We’re not resting on any laurels either. We’re adding two more versions of Holly that analyze the markets varying risk tolerances as we reflect the needs of a broader segment of subscribers. This work and the addition later this year of cryptocurrencies will translate into better decisions in the markets. At any time they can access the daily A.I. generated algorithms for actionable intelligence while retaining control to make trades according to their own rules. We’re unique in providing such results via an A.I. powered SaaS model.”

The maximum amount of alpha possible for Holly is the summation of all the correct decisions on whether to apply risk-off or risk-on modes to each trade idea. Under this ‘maximum alpha possible’ scenario, i.e., taking the best of risk-on and risk-off modes, Holly yielded a whopping 76% net commissions and fees for the first half of 2018.

“Quarter after quarter benchmark-beating performance for over 2 and half years is not the only measure of success we’re tracking at Trade Ideas. Our revenues are at all-time highs and reflect what our growing subscriber base from Interactive Brokers, TD Ameritrade’s Think or Swim, ETRADE, and many more already know: Trade Ideas separates the signal from the noise and shakes up the fintech community. We are just getting started with A.I. and our impact on trading and investing decisions. Look for our ICO to launch in 2020,” observed Dan Mirkin, CEO and Co-Founder of Trade Ideas. “You’ll either be using this innovation to capture alpha or others will be using it against you to get theirs. Advisors and professionals have an entirely new way of not just talking to their clients about leveraging technology, but in generating alpha for their portfolio.”

Performance of the Trade Ideas simulated long/short equity portfolio reflects historical daily paper trades in the U.S. and Canadian equity markets. It is not a backtest. Trades are initiated from the daily list of algorithms published by the A.I. system, named ‘HOLLY’, and the result of its overnight optimization analysis or ‘Quantitative Combine(TM).’ The portfolio started with a $1M beginning balance on January 2, 2018, and used $80k (rounded) worth of shares per trade. Commissions are calculated at $0.0075 per share and reflected in the net performance (shown in chart). Slippage is not factored. Short trades assume that customer’s broker has access to short inventory for the trades identified by Trade Ideas. In order to showcase the effectiveness of the trades identified by HOLLY for the simulated portfolio, no positions are held overnight. This avoids any conclusion that the outsized return of the A.I. system is the result of one or a handful of successful positions held for weeks or months. Past performance of the simulated portfolio do not foreshadow or guarantee future results.

Detailed trade data is available from Trade Ideas and can be segmented by gross and net performance, market cap, and by time periods. The Trade Ideas simulated portfolio is transparent, consistent in data processing, and free from selection or survivorship bias. Its inception date is January 4, 2016.

About Trade Ideas LLC

Trade Ideas creates actionable market intelligence for institutions, advisors, and self-directed investors to make consistently informed decisions mitigating risk and capturing alpha. As a SaaS fintech innovator for over 15 years, Trade Ideas leverages algorithms derived from recursive machine learning and artificial intelligence to develop trade plans and ideas and produce statistically optimized performance results. Trade Ideas’ inputs include big data sets from U.S. and Canadian market feeds, technical, fundamental, and non-structured data sets such as news and social media. Trade Ideas’ client base is from around the world totaling more than 8,000 with operations in the U.S., Canada, China, and Europe.

Sign up to receive Trade Ideas’ Trade of the Week every Monday with the trade details, charts, and the reason it’s chosen.

Next step: Schedule a demo or find out more about Trade Ideas LLC by calling (760) 230-0713 or visiting http://pro.trade-ideas.com/.

Share article on social media or email:

https://www.prweb.com/releases/trade_ideas_llcs_actionable_intelligence_continues_to_outpace_market_benchmarks_1st_half_2018_results/prweb15660649.htm

Trepp Research Highlights Growth of Retail Property Performance in…

News Image

We’ll continue to see negative effects on older or second-tier malls in their respective markets, but the majority of retail properties have benefited from economic growth and the strength of the American consumer over the past several years.

Trepp, LLC, the leading provider of information, analytics, and technology to the structured finance, commercial real estate, and banking markets, has published new research on retail properties and how their financial performance has bucked the recent media narrative. The full report can be accessed here: http://info.trepp.com/retail-growth-analysis-july-2018-pr.

In spite of the negative retail headlines which have dominated the news cycle since 2016, Trepp’s latest research report shows that the average net operating income (NOI) and occupancy rate for retail properties behind CMBS debt has consistently grown since the financial crisis. According to Trepp’s data on roughly 35,000 retail CMBS loans, the average NOI grew by 2.89% in 2016 and 1.72% in 2017. Retail properties generated $21.18 of NOI per square foot in 2017, which is nearly one full dollar more than the average NOI per square foot for all other property types. In addition, Trepp data show that the average occupancy rate for retail CMBS properties grew 1.43% in 2017, while the average for all other property types actually declined in that time frame.

“Headlines from the past few years have been dominated by big-box store closings and the Amazon effect, negatives for brick-and-mortar retail properties” said Joe McBride, Director of Applied Data & Research at Trepp. “We’ll continue to see negative effects on older or second-tier malls in their respective markets, but the majority of retail properties have benefited from economic growth and the strength of the American consumer over the past several years. Owners are adapting quickly and, sometimes, a big-box closure gives the owner the chance to re-tenant a property at higher rents”

Trepp’s research also examines growing retail financials by US Census regions, metropolitan statistical areas (MSA), and property subtypes over time. To measure performance in these areas, Trepp calculated annual NOI as a growth index indicator with a starting year of 2004 and base value of 100. By region, the Pacific US has grown the most thanks to high levels of tourism in Hawaii and California, as well as millennial spenders in tech hubs such as Silicon Valley and Seattle. The Miami-Fort Lauderdale MSA posted the highest growth index in Trepp’s study, with the Houston and Los Angeles metros not far behind.

By retail property subtype, outlet centers and urban/street retail have posted the highest growth indices determined by Trepp’s index criteria. In particular, outlet properties carved out additional market share and growth during periods of economic contraction due to price-conscious consumers on the lookout for discounts. In more recent years, urban/ street retail has flourished with a rising presence in rapidly booming markets. Regional malls, which have lost a slew of big-box tenants, posted the lowest growth index in the time frame measured.

For additional details, including further breakdowns of retail performance by metro area and subtype, download the full research report: http://info.trepp.com/retail-growth-analysis-july-2018-pr. For daily CRE and CMBS commentary, follow @TreppWire on Twitter.

About Trepp

Trepp, LLC, founded in 1979, is a leading provider of data, analytics, and technology solutions to the global securities and investment management industries. Trepp specifically serves three key sectors: structured finance, commercial real estate, and banking to help market participants meet their objectives for surveillance, credit risk management, and investment performance. Trusted by the industry for the accuracy of its proprietary data, Trepp provides clients with sophisticated, comprehensive models and analytics. Trepp is wholly owned by Daily Mail and General Trust (DMGT). For more information, visit http://www.Trepp.com.

Share article on social media or email:

https://www.prweb.com/releases/trepp_research_highlights_growth_of_retail_property_performance_in_major_metros_such_as_miami_and_houston/prweb15661360.htm

Hamilton Bancorp, Inc. Reports Increased Earnings and 12 Percent…

News Image

Hamilton Bank – 1st Qtr Earnings Release – Financial Table

“I am very pleased with our results for the first quarter of fiscal 2019,” said Robert DeAlmeida, President and CEO. “Our net income was strong while our net interest margin improved all while we continue to control expenses.”

Hamilton Bancorp, Inc. (the “Company”) (NASDAQ: HBK), the parent company of Hamilton Bank (the “Bank”), today announced its operating results for the three-month period ended June 30, 2018, with the following highlights:

Quarterly Highlights – Quarter Ended June 30, 2018 vs. June 30, 2017:

  • Net income increased $487 thousand to $879 thousand, or $0.27 per common share, compared to net income of $392 thousand, or $0.12 per common share. For the quarter ended June 30, 2018, there was no income tax expense as the reversal of a portion of the valuation allowance on the Company’s net deferred tax assets, originally recorded in the fourth quarter of the prior fiscal year, was recorded during this period to carry the net deferred tax asset at its estimated realizable value.
  • Net interest income increased to $3.8 million, up $215 thousand, or 6.0 percent, from $3.6 million. This improvement was driven by a $554 thousand, or 12.6 percent, increase in interest revenue, partially offset by a $339 thousand increase in interest expense.
  • Net interest margin remained relatively unchanged, increasing 2 basis points to 3.10 percent from 3.08 percent.
  • Efficiency ratio (as defined in the attached table) improved by nearly 6 percent decreasing from 81.7 percent to 77.1 percent. The improvement in the efficiency ratio was driven by the increase in revenue as noninterest expenses remained relatively flat quarter-over-quarter at $3.2 million.
  • The provision for loan losses was $60 thousand for the quarter ended June 30, 2018, including $45 thousand in net charge- offs compared to a provision for loan losses of $160 thousand and $3 thousand in net recoveries for the same period a year ago. The larger provision in the prior year was related to growth in the loan portfolio during that quarter.
  • Book value per common share decreased to $16.08, down 9.5 percent, from $17.76. The decline is attributable to the decrease in equity because of the establishment of a full valuation on the Company’s net deferred tax assets at the end of fiscal 2018.

Quarterly Highlights – June 30, 2018 vs. March 31, 2018:

  • Total assets remained relatively unchanged, declining from $525.5 million at March 31, 2018 to $525.3 million at June 30, 2018, a decrease of $259 thousand.
  • Gross loans decreased $9.5 million, or 2.4 percent, from $389.2 million to $379.8 million. The decrease is due to principal paydowns and pay-offs within the loan portfolio.
  • Cash and cash equivalents increased $12.7 million, or 54.3 percent, to $36.1 million at June 30, 2018, compared to $23.4 million at March 31, 2018. The increase is related primarily to the decline in the loan portfolio previously discussed and a $2.8 million decline in the investment portfolio related to normal principal paydowns on mortgage-backed securities.
  • Deposits during the quarter ended June 30, 2018 decreased $669 thousand to $404.5 million, while borrowings decreased


$1.1 million to $59.6 million. The decline in deposits was related to higher costing time deposits which declined by $7.0 million, partially offset by a $6.5 million increase in lower costing core deposits. Core deposits at June 30, 2018 made up 40.6 percent of total deposits compared to 38.9 and 40.0 percent at March 31, 2018 and June 30, 2017, respectively.

  • Annualized net charge-offs to average loans improved to 0.05 percent compared to 0.26 percent at March 31, 2018, while the allowance for loan losses as a percentage of gross loans increased slightly from 0.73 percent to 0.75 percent.
  • Nonperforming loans to gross loans increased to 2.68 percent at June 30, 2018 from 1.84 percent. The increase is related to one commercial real estate relationship with a recorded value of $3.1 million that was placed on non-accrual during the current quarter. The borrower continues to make timely payments; however, their financial cash flow does not support the debt payment and as such, we have placed the loan on non-accrual. All payments received will be applied to principal accordingly.

“I am very pleased with our results for the first quarter of fiscal 2019,” Said Robert DeAlmeida, President and CEO. “Our net income was strong while our net interest margin improved all while we continue to control expenses. We are closely monitoring interest expense and will continue to focus on transforming the Bank’s balance sheet from higher cost time deposits to lower cost core- deposits.”

Balance Sheet:

Total assets remained relatively unchanged, declining $259 thousand during the first quarter to $525.3 million at June 30, 2018, compared to $525.5 million at March 31, 2018. The decline is primarily attributable to a $9.5 million reduction in gross loans and a

$2.8 million decrease in the investment portfolio, partially offset by an $12.7 million increase in cash and cash equivalents.

Cash and cash equivalents at June 30, 2018 totaled $36.1 million compared to $23.4 million at March 31, 2018, an increase of 54.3 percent. The growth is a result of proceeds received from principal paydowns and/or pay-offs within the loan portfolio and a declining investment portfolio. The investment portfolio decreased $2.8 million over the quarter from $75.4 million to $72.6 million at June 30, 2018 due to normal principal payments associated with the mortgage-backed security portfolio. Excluding funds needed for liquidity and operational needs, management intends to utilize any excess cash for future loan growth and possible repayment of maturing advances.

Gross loans decreased $9.5 million, or 2.4 percent, to $379.8 million at June 30, 2018 from $389.2 million at March 31, 2018. The decline was largely due to principal paydowns and pay-offs within the loan portfolio. Over the three months ended June 30, 2018, we continued to see organic growth within our commercial real estate loan portfolio. We organically originated $3.7 million in commercial real estate loans and transferred or reclassified nearly $2.0 million more from commercial construction loans over this period. This resulted in an overall increase, after loan pay-offs and normal principal payments, of nearly $1.0 million within this loan segment. The largest decrease within the loan portfolio for the quarter ended June 30, 2018 was in one-to four-family residential mortgage loans, which declined $3.2 million. At the beginning of the fiscal year, we began to once again sell newly originated residential loans, that qualify, into the secondary market versus putting them in the portfolio. With respect to our residential construction loans, we originated $2.2 million in new loan commitments during the same quarter. At June 30, 2018, we have $5.6 million in residential construction loans outstanding and unfunded commitments or draws of $3.2 million.

Total deposits (excluding premiums on acquired deposits) decreased $588 thousand during the quarter ended June 30, 2018 to $404.1 million compared to $404.7 million at March 31, 2018. The Company continues to focus on generating lower cost, core deposits (which includes all deposits other than certificates of deposit) and maintaining maturing certificates of deposit to support continued loan growth. Core deposits at June 30, 2018 were $164.2 million compared to $157.7 million at March 31, 2018, an increase of $6.5 million, or 4.1 percent. Core deposits represent 40.6 percent of total deposits at June 30, 2018 compared to 38.9 percent of deposits at March 31, 2018.

Credit Quality:

Asset quality remains a core management objective. Non-performing loans increased roughly $3.0 million in the first quarter of fiscal 2019 to $10.2 million at June 30, 2018 from $7.2 million at March 31, 2018. As a result, the percentage of nonperforming loans to gross loans increased from 1.84 percent to 2.68 percent. The increase in non-performing loans is related to one commercial real estate relationship with a recorded value of $3.1 million that was placed on nonaccrual towards the end of the first quarter. The borrower continues to make timely payments under the original terms of the loan and has never been delinquent; however, review of the borrower’s financial information indicates they do not have sufficient cash flow to service the debt. Because of the inability to show sufficient cash flow, we placed the loan on nonaccrual. Any payments received going forward will be applied entirely to principal until such time that sufficient cash flow can be substantiated. To date there is no impairment associated with this relationship based upon the most recently obtained appraised value.

As of June 30, 2018, there are three commercial loan relationships totaling $7.5 million that are a part of the $10.2 million in non- performing loans, including the one relationship previously discussed. All three of these relationships have been recorded at their net realizable fair value based upon recent appraisals, with only one of the three relationships incurring any charge-offs life-to-date. No additional charge-offs are anticipated at this time; however, property values and circumstances may change that can result in additional charge-offs at a later date. We continue to work with and monitor these lending relationships in order to obtain the best outcome for the Bank. In July 2018, one of the three commercial loan relationships, with a recorded value of $3.3 million, was resolved and paid-off with no loss to the Bank. Proceeds from the pay-off included payment of principal, past due interest and all legal and other expenses incurred.

Despite the increase in nonperforming loans, annualized net charge-offs to average loans remained low at 0.05 percent for the current quarter ended June 30, 2018 compared to 0.26 percent and zero percent for fiscal 2018 and the same quarter a year ago, respectively. The Company experienced net charge-offs totaling $45 thousand over the first quarter of fiscal 2019 comprised of $47 thousand in charge-offs and $2 thousand in recoveries.

Income Statement:

Net income for the quarter ended June 30, 2018 was $879 thousand, or $0.27 per common share, compared to net income of $392 thousand, or $0.12 per common share for the quarter ended June 30, 2017; an increase of $487 thousand quarter-over-quarter. The increase in net income was driven by an increase in net interest income associated with growth in loans, lower loan loss provisions, and no tax expense due to the reversal of a portion of the valuation allowance on our net deferred tax assets established in the fourth quarter of the prior fiscal year.

Net interest income for the quarter ended June 30, 2018 was $3.8 million, up $215 thousand or 6.0 percent compared to $3.6 million for the quarter ended June 30, 2017, reflecting the growth in our loan portfolio from organic growth and loan purchases over the past year. The increase in net interest income for these comparable periods reflected a $554 thousand, or 12.6 percent, increase in interest revenue as average loans grew 12.8 percent, or $43.2 million, and average investments declined $22.1 million. Over the past year, we were able to move lower interest-earning investments into higher interest-earning loans. In addition, we were able to generate more interest revenue from our interest-earning deposits with banks due to rising interest rates and a $3.3 million increase in average deposits. Partially offsetting the increase in interest revenue was an increase in interest expense of $339 thousand, or 42.6 percent, over that same period. Overall, average interest-bearing liabilities increased $19.6 million over this same period. The increase in average interest-bearing liabilities was due to a $23.6 million increase in higher costing average borrowings, partially offset by a $4.0 million decrease in lower costing average deposits. The increase in average borrowings was used to help fund the growth in the loan portfolio over the past twelve months. Interest expense associated with deposits increased $214 thousand quarter-over-quarter despite a decrease in interest-bearing deposits due to rising interest rates and the re-pricing of the deposit portfolio. The average cost on interest-bearing deposits increased 24 basis points from 0.69 percent at June 30, 2017 to 0.93 percent at June 30, 2018. The net interest margin for the three months ended June 30, 2018 increased 2 basis points to 3.10 percent, compared to 3.08% for the three months ended June 30, 2017.

Non-interest revenue for the quarter ended June 30, 2018 increased $25 thousand, or 9.4 percent, to $291 thousand compared to $266 thousand for the comparable period last year. Non-interest revenue is higher compared to a year ago due in part to $10 thousand in revenue generated from the gain on sale of residential loans to the secondary market. In the last quarter of fiscal 2017 and into fiscal 2018, the Company purposely held in portfolio the majority of our residential loan originations to partially offset the increased run-off associated with this loan segment. Beginning in fiscal 2019, however, we again started to sell qualified residential loan originations into the secondary market as a means to generate noninterest revenue and diversify our income stream. In addition to these gains, the Company also experienced a $22 thousand increase in other noninterest revenue that includes the collection of certain loan fees, merchant card services and other miscellaneous items. Meanwhile, revenue from services charges remained relatively unchanged quarter-over-quarter, while earnings on bank-owned life insurance (BOLI) declined $9 thousand due to a reduction in the cash surrender value of the Company’s outstanding BOLI related to the pay-out of death benefits in the fourth quarter of fiscal 2018.

Non-interest expense for the quarter ended June 30, 2018 was $3.2 million, unchanged from the comparable quarter ended June 30, 2017. We have been able to manage a growing loan portfolio from an operational cost basis and continue to increase our interest revenue. This is reflected in the improvement of the Company’s efficiency ratio which has improved from 81.7 percent for the three months ended June 30, 2017 to 77.1 percent for the three months ended June 30, 2018.

Salaries and benefit expense remains our highest operational cost for the three months ended June 30, 2018 and 2017. Salaries have increased slightly due to annual evaluations and respective salary increases, while employee benefits have increased because of higher costs associated with our 401K plan expense and employee stock ownership plan (ESOP). The 401K plan expense has increased due to more participants, while the increase in the ESOP is related to the increase in the Company’s average stock price quarter-over- quarter. The Company has realized an increase of $28 thousand in data processing costs for the comparable quarter associated with annual cost increases, along with the introduction of new technology that has made banking easier for our customers, including products such as mobile banking. FDIC insurance premiums have increased $44 thousand to $101 thousand for the three months ended June 30, 2018 compared to $57 thousand for the three months ended June 30, 2017. This increase is attributable to both the increase in the size of the Bank over the comparable periods, as well as the increase in the FDIC insurance premium rates over this same period. Offsetting these increases has been a $46 thousand reduction in legal expenses and an $82 thousand reduction in other professional services. Legal expense has declined because of higher costs incurred in the prior year associated with our charter conversion and certain problem loans and foreclosures, while other professional services have declined because of costs incurred in the prior year associated with payments under non-compete agreements that were a part of the Fraternity Community Bancorp, Inc. acquisition in May 2016. The terms and the payments under the agreements were fully satisfied in April 2018. Management remains committed to reducing operational expenses and achieving higher efficiencies.

For the three months ended June 30, 2018, the Company did not report any income tax expense due to the reversal of a portion of the valuation allowance on our net deferred tax assets established during the fourth quarter of the prior fiscal year in the amount of $5.8 million. In accordance with Accounting Standards Codification (ASC) 740, Accounting for Income Taxes, the Company assessed whether the deferred tax assets are more likely than not to be realized based on an evaluative process that considers all available positive and negative evidence. Based upon the Company being in a three-year cumulative loss position which creates negative evidence and because this evidence is considered significant, management concluded that there was more negative evidence than positive evidence and therefore, it is more likely than not that the Company will be unable to generate sufficient taxable income in the foreseeable future to fully utilize the net deferred tax assets. If, in the future, the Company generates taxable income on a sustained basis sufficient to support the deferred tax assets, the need for a deferred tax valuation allowance could change, resulting in the reversal of all or a portion of the deferred tax asset valuation at that time. The establishment of a valuation allowance on our deferred tax assets for financial reporting purposes does not affect how the net operating loss carryforwards may be utilized on our subsequent income tax returns. The valuation allowance on the Company’s net deferred tax assets decreased $220 thousand to $5.6 million at June 30, 2018, from $5.8 million at March 31, 2018 due to the $879 thousand in net income generated over this period.

Capital:

Shareholders’ equity at June 30, 2018 was $54.9 million compared to $54.1 million at March 31, 2018, an increase of $843 thousand. The increase is attributable to the $879 thousand in net income for the three months ended June 30, 2018 and the increase in additional paid in capital relating to the vesting of equity awards. The increase in equity was partially offset by the $162 thousand increase in unrealized losses associated with the investment portfolio. Average shareholders’ equity to average assets was 10.4 percent for the quarter ended June 30, 2018. This is down from 11.2 percent a year ago due to an increase in average assets associated with growth within the loan portfolio from both organic loans and loan purchases. All the Bank’s regulatory capital ratios continue to exceed levels required to be categorized as “well capitalized.” Outstanding shares at June 30, 2018 were 3,416,414 compared to 3,407,613 at March 31, 2018.

Further Information:

Management believes that non-GAAP financial measures, including tangible book value, provide additional useful information that allows readers to evaluate the ongoing performance of the Company without regard to transactional activities. Non-GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider the Company’s performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the Company’s results or financial condition as reported under GAAP.

Please direct all media inquiries to Lauren Lawder at 410-616-1996 or by email at llawder@hamilton-bank.com. Please direct investor inquiries for Hamilton Bank to Robert DeAlmeida at 410-823-4510.

###

About Hamilton Bank

Founded in 1915, Hamilton Bank is a community bank with $525.3 million in assets and $54.9 million in regulatory capital. The bank has 72 full-time equivalent employees and operates seven branch locations across Greater Baltimore, serving the communities of Cockeysville, Pasadena, Rosedale, Towson, Ellicott City and Baltimore in Maryland. Whether online or on the corner, Hamilton Bank is a community bank that cares about its customers. http://www.Hamilton-Bank.com.

Member FDIC and Equal Housing Lender

This press release may contain statements relating to the future results of the Company (including certain projections and business trends) that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995). Forward- looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, legislative and regulatory changes that could adversely affect the business in which Hamilton Bancorp, Inc. and Hamilton Bank are engaged, and other factors that may be described in the Company’s annual report on Form 10-K and quarterly reports on Form 10-Q as filed with the Securities and Exchange Commission. The forward-looking statements are made as of the date of this release, and, except as may be required by applicable law or regulation, the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

https://www.prweb.com/releases/hamilton_bancorp_inc_reports_increased_earnings_and_12_percent_revenue_growth_for_the_first_quarter_of_fiscal_2019/prweb15664255.htm

Exults Internet Marketing Agency Continues to See Strong Demand for…

News Image

Despite privacy concerns and involvement in the political arena, Exults continues to see a strong demand for Facebook marketing and the unyielding results it produces

Facebook’s advertising spend continues to see growth in the wake of political controversies, privacy scandals, and new European regulations, further proving its immunity and stronghold as an advertising giant.

Facebook has shown few business effects from the negative headlines that it has dealt with over the past year. Facebook’s involvement in the Cambridge Analytica privacy scandal had analysts predicting major repercussions for the social media titan, yet it remained impervious and continued to maintain its central position in the digital economy, proven by its Q1 earnings report.

Even amidst those controversies and the EU’s General Data Protection Regulation (GDPR), Facebook reported a 42 percent year-over-year revenue increase to about $13.23 billion. Additionally, Facebook also had an 11 percent year-over-year growth in daily active users with June’s average of 1.47 billion.

“Despite privacy concerns and involvement in the political arena, Exults continues to see a strong demand for Facebook marketing and the unyielding results it produces,” said Zach Hoffman, the CEO of Exults.

Regardless of the ongoing conflicts, Facebook has dealt with and plunging stocks, the ‘Book hasn’t seen any signs of a decrease in advertising, which is the platform’s topline profit generator.

Advertisers are remaining on the site due to the unmatched reach and ability to specifically target niches. Based on the goals of each business, the advanced targeting options available on the Facebook ad network provide the ability to create highly targeted campaigns that will reach people most likely to turn into customers.

Facebook campaigns can be so uniquely customized, you are able to target locations, careers, interests, relationship status, and more. Because each campaign can be so fine-tuned, it guarantees that the right people are being targeted to get you the most valuable business.

Due to the fluidity of Facebook’s business model, the platform is easily adaptive to privacy regulations, ensuring its central position in the advertising world. If you are interested in using targeted advertisement to create meaningful leads and engagement, contact Exults Internet Marketing Agency today!

More about Exults:

Exults is a full-service internet marketing company that is results driven for its clients and offers a complete range of internet marketing services to reach its clients’ goals. Exults premier services include Website Design, Search Engine Optimization, Pay Per Click Management, Social Media Marketing, Video Optimization, and Digital PR. For more information, please visit the Exults website, call us at 954-763-1130, or check out the five-star ratings and Exults Reviews on the Better Business Bureau, Yelp, and Google!

Share article on social media or email:

https://www.prweb.com/releases/exults_internet_marketing_agency_continues_to_see_strong_demand_for_facebook_advertising_despite_political_and_privacy_controversies/prweb15656301.htm

Elysian Capital Holdings, LLC Welcomes Renowned Financial Industry…

Jim McInnis - Hight Net Worth Exchange

Jim McInnis

I am confident that our team will achieve success in identifying and promoting objectives that best support the mission of the High Net Worth Exchange.

Elysian Capital Holdings, LLC, (ECH) today announced that its High Net Worth Exchange (HNWX), a private technology investment platform for High Net Worth investors, has named Jim McInnis to its Advisory Board. In his role, McInnis will work alongside the HNWX Executive Team to provide strategic insight related to promoting the overall objectives of the organization and to evaluate opportunities and services presented on the HNWX Platform.

A financial industry legend in his own right, McInnis was instrumental in the creation of Merrill Lynch’s very first Annuities Marketing Unit, which debuted in the late 1970’s. He later began his own Third Party Wholesale Distribution Company and went on to become president of The ING Annuity Group, overseeing its exponential growth to more than $100 billion in assets. With over 40 years of experience building businesses for financial giants including Merrill Lynch, Transamerica and ING, McInnis brings a wealth of knowledge to his current role.

“It is an honor to be selected as a member of the HNWX Advisory Board,” states McInnis. “The High Net Worth Exchange is in a unique position to seek new and exciting ways to serve its Club Membership, and as we work to evaluate opportunities for the HNWX Platform, I am confident that our team will achieve success in identifying and promoting objectives that best support the mission of the High Net Worth Exchange.”

Heralded for his extraordinary success in the business world, McInnis’ deep industry knowledge and dynamic leadership style are repeatedly sought after by companies worldwide. He currently serves as Chief Executive Officer of Elysian Management Consulting Services, LLC, which provides strategic advisory services to Registered Investment Advisors and Wealth Management firms nationwide.    

“The recent growth of the High Net Worth Exchange and the addition of Jim McInnis as a member of the HNWX Advisory Board has allowed us to expand the breadth of investment offerings and services on the HNWX platform and to cultivate relationships with superior HNWX Investment Sponsors,” explains John Harline, HNWX Founder and Platform Architect. “Jim has implemented highly successful development strategies in his other senior leadership roles and we are certain he will be able to do the same for the HNWX Advisory Board.”

Among the tangible goals that McInnis brings to his role on the HNWX Advisory Board, he finds that his own philanthropic interests are aligned with those of the High Net Worth Exchange, which is devoted to donating a portion of its profit base to charitable causes. An avid philanthropist, McInnis has donated significantly to numerous charitable organizations and is currently training to walk 500 miles on the famed Camino De Santiago, a self-guided passage between France and Spain, in an effort to raise money to fund water well projects in Africa. Specifically, his fundraising efforts will focus on supporting the creation of mechanized water systems to be placed within two healthcare facilities in Zambia. Following his month-long journey along the Camino, McInnis will begin his duties on the HNWX Advisory Board working alongside HNWX’s newly-named Chief Executive Officer, David W. Ford who looks forward to the insight and strategic advisory expertise that McInnis will add to the HNWX platform.

“We look forward to having Jim join the HNWX Advisory Board. His wide-ranging and in-depth knowledge base are directly relevant to the goals of the High Net Worth Exchange as an exclusive, technology-driven platform of investment opportunities and services,” explains Ford. “Collaborating with an accomplished professional of Jim’s caliber will help ensure that HNWX offerings and services are in line with the preferences of the affluent member.”

The formal launch of the exclusive, technology-based HNWX Investment platform is currently slated for August, 2018. Learn more about the High Net Worth Exchange at http://www.HNWXchange.com.

ABOUT ELYSIAN CAPITAL HOLDINGS, LLC

ELYSIAN CAPITAL HOLDINGS, LLC (ECH) oversees a diverse portfolio of synergistic businesses within the financial services and consultative industries. By partnering with growth-oriented, well-positioned companies, we effectively join SMART PEOPLE, with SMART CAPITAL, to ultimately create SMART BUSINESS. Our paradigm is based upon the essential connectivity of these unique components. When intelligent and accomplished individuals are matched with capital and scalable business plans which complement their expertise, the result is a meaningful pool of diversified, intellectual capital that can be shared across all business lines and reflects consistent aggregated revenue growth over time. Learn more about Elysian Capital Holdings at http://www.ElysianCapitalHoldings.com.

ABOUT THE HIGH NET WORTH EXCHANGE

The HIGH NET WORTH EXCHANGE (HNWX) is an exclusive, membership-only platform designed for the exchange of diverse and marquis investment opportunities. Through an innovative collaboration, the HNWX provides an ecosystem of services through HNWX Investment Sponsors that can be uniquely made available to HNWX Club Members prior to being available to institutions or the public.

Connect with HNWX on Linkedin: https://www.linkedin.com/company/hnwx-exchange/

Share article on social media or email:

https://www.prweb.com/releases/elysian_capital_holdings_llc_welcomes_renowned_financial_industry_executive_to_high_net_worth_exchange_advisory_board/prweb15650113.htm

Financial Poise™ Announces “Defending White Collar Crime-101,” a…

Companies need to understand how to avoid unknowingly acting in ways that may be unlawful, how to prevent and detect potential employee misconduct, and how to react if misconduct does occur.

For those in law school, three years seems like a lifetime. But for JDs, law school memories are just a blur. And while law school provides a great foundation, there are so many things it does not teach. The Financial Poise webinar series LAWYERING MADE EASY 2018 provides lawyers, business professionals, or anyone interested in the law, with some specialized learning in four distinct areas of law.

The second episode of the series, Defending White Collar Crime-101, airs on July 24th at 1:00 PM CST (Register Here) and features Moderator Cristina Nolan of Financial Poise. She is joined by Phil Bezanson of Bracewell LLP, Derek Cohen of Goodwin Procter, and Nancy DePodesta of Saul Ewing Arnstein & Lehr LLP.

While white collar crimes don’t usually carry the same stigma or penalties as violent crime, the consequences of a conviction, or even an allegation can be devastating. Leaving prison time aside, the business may also face investigation, prosecution and possibly, the risk of reputational damage, financial loss and unwanted exposure.

As governmental enforcement of laws against those accused of white collar crime increases, companies need to understand how to avoid unknowingly acting in ways that may be unlawful, how to prevent and detect potential employee misconduct, and how to react if misconduct does occur.

The LAWYERING MADE EASY 2018 webinar series is produced by Financial Poise.™ Future episodes in the series include “Doing Business Abroad-101” airing on August 28th and “Foreign Corrupt Practices Act-101,” airing on October 2nd. Each episode airs at 1:00 PM CST. All episodes premiere live through West LegalEdCenter and then are made available on-demand.

As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.

About Financial Poise™

Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/

Share article on social media or email:

https://www.prweb.com/releases/financial_poise_announces_defending_white_collar_crime_101_a_new_webinar_premiering_july_24_2018_at_1_00_pm_cst_through_west_legaledcenter/prweb15642816.htm

Financial Poise™ Announces “Private Offering Exemptions and Private…

This expert panel provides a high-level overview of private offering exemptions, including the latest developments in this ever-changing area of the securities laws, as well as guidance on how to conduct a successful private placement.

The federal securities laws, made up of a interwoven collection of Congressional statutes, rules and regulations promulgated by the Securities and Exchange Commission and federal judicial precedent, play a ubiquitous role throughout a company’s life-cycle, relevant from the first issuance of founder shares at organization, to the use of equity compensation to reward and incentivize directors, employees and consultants, to offerings of equity and debt in corporate finance transactions, to initial, secondary and alternative public offerings, in mergers and acquisitions, strategic transactions and beyond.

This Financial Poise SECURITIES LAW 2018 webinar series features leading securities law experts who will discuss both the fundamentals of the federal securities laws and the latest developments in this ever-evolving area of law.

The second episode of the series, Private Offering Exemptions and Private Placements, airs on July 24th at 2:00 PM CST (Register Here) and features Moderator Vanessa Schoenthaler of Sugar Felsenthal Grais & Helsinger. She is joined by Craig Mordock of Sheppard, Mullin, Richter & Hampton LLP, Alissa Parisi of K & L Gates, and Julia Vax of Arnold & Porter Kaye Scholer LLP.

The private capital markets have become an increasingly important source of funding for both private and public companies alike. Today total capital raised through private placements surpasses total capital raised in public offerings. What’s more, in recent years legislation like the JOBS Act has made a number of significant changes to laws and regulations governing private capital markets. Consequently, an understanding the myriad private offering exemptions and how to properly conduct a private placement is crucial for not only for lawyers, but also for executives, managers, directors and anyone involved in corporate finance transactions.

In this webinar our expert panel provides you with a high-level overview of private offering exemptions, including the latest developments in this ever-changing area of the securities laws, as well as tangible examples and practical advice on how to conduct a successful private placement.

The SECURITIES LAW 2018 webinar series is produced by Financial Poise.™ The final episode in the series is “Advanced Topics: Public Company Reporting,” airing on August 21st. Each episode airs at 2:00 PM CST. All episodes premiere live through West LegalEdCenter and then are made available on-demand.

As with every Financial Poise Webinar, each episode is delivered in Plain English understandable to investors, business owners, and executives without much background in these areas, yet is also valuable to attorneys, accountants, and other seasoned professionals. And, as with every Financial Poise Webinar, each episode brings you into engaging, sometimes humorous, conversations designed to entertain as it teaches. Each episode in the series is designed to be viewed independently of the other episodes, so that participants will enhance their knowledge of this area whether they attend one, some, or all episodes.

About Financial Poise™

Financial Poise™ has one mission: to provide reliable plain English business, financial and legal education to investors, private business owners and executives, and their respective trusted advisors. Financial Poise™ content is created by seasoned, respected experts who are invited to join our Faculty only after being recommended by current Faculty Members. Our editorial staff then works to make sure that all content is easily digestible. Financial Poise™ is a meritocracy; nobody can “buy” her way onto the Financial Poise Faculty.™ Start learning today at https://www.financialpoise.com/

Share article on social media or email:

https://www.prweb.com/releases/financial_poise_announces_private_offering_exemptions_and_private_placements_a_new_webinar_premiering_july_24th_at_2_00_pm_cst_through_west_legaledcenter/prweb15642861.htm

Market Realist Launches Market Realist Pro to Bring…

News Image

Few investors outside of large institutions have access to the research and analytics they need to be successful in the market – ‘The Thirty Percent’ is designed to meet that need

Market Realist, a leading investment research and financial news site, announced today the launch of Market Realist Pro. Market Realist Pro gives subscribers full access to the Market Realist web site and its featured stock picking guide called “The Thirty Percent.”    

Designed to help Main Street investors make money in the stock market, “The Thirty Percent” will spotlight and select companies with accelerated earnings and strong growth potential using Market Realist’s “30/10 Rule.” The newsletter will feature stocks with upside potential of 30 percent or more and downside of 10 percent or less over a 12-month time span.

Chief Market Strategist and Market Realist CEO JP Gravitt, a 20-year Wall Street veteran, will personally oversee all stock picks and recommendations. The newsletter will leverage research produced by Market Realist’s 50 plus financial analysts. Each day, Market Realist publishes over 200 reports, and currently has more than 100,000 reports available on its site.

“Few investors outside of large institutions have access to the research and analytics they need to be successful in the market – “The Thirty Percent” is designed to meet that need,” said Gravitt. “Most individual investors, financial advisors and smaller institutions can’t afford the research being used by large institutions, putting them at a disadvantage. With “The Thirty Percent” we’re bringing institutional-quality research, analytics and stock picks to Main Street.”

The launch of Market Realist Pro and “The Thirty Percent” is a natural evolution for Market Realist – going from research and reports to actionable advice on individual stocks. Beyond stocks, the newsletter will feature sector valuations and analysis, identifying which sectors are prime for buying and which to avoid.

“The Thirty Percent” will serve as Market Realist’s flagship newsletter and sets the stage for Market Realist Pro’s ecosystem of market analysis resources created for Main Street investors. The company plans to expand Market Realist Pro’s capabilities and will roll out additional tools as part of its growth strategy, including a portfolio tracker, podcasts, videos and more.

About Market Realist

Market Realist is a financial media outlet dedicated to democratizing the investment process by making institutional-level market data and analysis accessible to all investors at a fraction of traditional costs. It has reached more than 20 million readers, ranging from the average investor looking for stock picks to financial professionals at top institutions. Its team of more than 50 financial analysts is led by seasoned market investors and traders who understand investment needs. Market Realist publishes more than 200 market reports each day, as well as produces deep-dive articles on analyses and market trends. Launched in July 2018, the company’s premier edition, Market Realist Pro, features a stock-picking newsletter, “The Thirty Percent.” The newsletter spotlights stock picks with 30 percent upside and 30 percent downside. To learn more about Market Realist, visit: http://www.marketrealist.com.

Share article on social media or email:

https://www.prweb.com/releases/2018/07/prweb15634242.htm

CSOP Hong Kong Dollar Money Market ETF (stock code: 3053/ 83053) to…

CSOP Hong Kong Dollar Money Market ETF

CSOP Hong Kong Dollar Money Market ETF

“Our goal is to provide a revolutionary solution to investors for cash management. We hope that after all the technical hurdles are cleared in the market, Hong Kong investors will finally embrace a flexible, efficient and transparent cash management investment tool.” – Ms. Ding Chen, CEO of CSOP.

As the first money market ETF in Hong Kong, CSOP Hong Kong Dollar Money Market ETF (thereafter referred as “CSOP HKD MM ETF”) (stock code: 3053/83053) will list on the Hong Kong Stock Exchange on 18 July, 2018. Benchmarked with the 3-month Hong Kong Dollar Interest Settlement Rate (commonly known as Hong Kong Interbank Offered Rate or “HIBOR”), CSOP HKD MM ETF will invest majority of the assets in HKD denominated short-term deposits. Designed as a flexible cash management tool for both institutional investors and retail investors, this ETF can be easily accessed by primary market creation and secondary market trading. With management fee of 0.3% per annum, CSOP HKD MM ETF is expected to achieve around 1.5% annualized return after management fees*. To minimize the dilution to NAV induced by trading related fees, the trading lot size is formulated at 1,000 units with initial price of HKD 1000/share, meaning the minimal investment is around HKD 1 million. CSOP MM ETF has already attracted around USD 100 million initial investments from institutional investors and expects more to flow in.

*The return is indicative and for reference only. It is calculated based on the HIBOR on June 29, 2018 minus fund fees without considering trading related costs.

Hong Kong has a considerable cash market with demand deposit as large as HKD 1.2 trillion, even though the cash management market is lagged behind with only HKD 20 billion AUM and the size of most single money market funds is less than HKD 500 million. Meanwhile, the yield of most money market funds ranges from 0% to 0.5% #, which is considered not attractive enough compared to the interest of time deposit offered by some commercial banks. Aiming to deliver attractive interest yield while satisfying liquidity demand, CSOP MM ETF will invest around 75% of the assets into relatively longer duration deposits (more than 1 week to 3 month and more) to generate higher yield and rest part of the asset into short duration deposit (1 week and less) to fulfill the liquidity requirement with average duration of deposits around 90 days. Being optimistic about the trend of 3-month HIBOR interest yield in second half of 2018, Mr. Louis Lu, Portfolio Manager of CSOP MM ETF, said “The 3-month HIBOR has increased from 1% to over 2% in the second quarter of 2018, a level only seen in 2008 over the past decade. The rate may continue the upward trajectory due to expected monetary tightening in both the US and China. The US Fed is widely expected to raise rates two more times this year. And HKMA is in a boxer’s stance to defend the weak end of HKD band, effectively narrowing the Libor-HIBOR spread. In the meanwhile, China is determined to continue the deleverage process, draining some capital out of the market. Last but not least, HKEX is actively attracting unicorn companies to list in Hong Kong. Market players should not be surprised to see HIBOR hike further, thanks to liquidity squeezes during popular IPO period.“

# Data aforementioned is obtained from June 29, 2015 to June 29, 2018 on Bloomberg.

In mainland China, money market fund market thrived with the prevalence of the e-commerce and digital payment. At the end of 2017, money market fund market has already reached RMB 7 trillion. Comparatively, Hong Kong’s money market fund market is still at an infant stage. Committed to the development of Hong Kong’s money market fund market, CSOP Asset Management Limited (“CSOP”) made the first step by listing CSOP HKD MM ETF. To push the step further, CSOP has been negotiating with relevant parties to minimize the trading related fees which will help lower the investment minimum and in turn empower the ETF with more flexibility. Moreover, CSOP has also initiated talks with internet giants to explore the possibility of bringing this money market ETF to a broader base of users. “We are confident on CSOP HKD MM ETF. Before listing, we have already got initial investment intentions from many corporate treasuries, high-net-worth investors and brokers,” commented by Melody He, Managing Director, Head of Sales and Product Strategy of CSOP. “Our goal is to provide a revolutionary solution to investors for cash management. We hope that after all the technical hurdles are cleared in the market, Hong Kong investors will finally embrace a flexible, efficient and transparent cash management investment tool,” Ms. Ding Chen, CEO of CSOP concluded.

IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this material alone to make investment decisions.

  • CSOP Hong Kong Dollar Money Market ETF (the “Sub-Fund”) invests in Hong Kong Dollar-denominated and settled short-term deposits and money market instruments, and the Manager adopts a passive tracking strategy to provide return that follows the 3-month Hong Kong Dollar Interest Settlement Rate (commonly known as Hong Kong Interbank Offered Rate or “HIBOR”) calculated by the Hong Kong Association of Banks (“HKAB”) (the “Benchmark”).
  • The Sub-Fund does not guarantee principal and the Manager has no obligation to redeem the Units at the offer value. The Sub-Fund does not have a constant Net Asset Value. The Sub-Fund is not subject to the supervision of the Hong Kong Monetary Authority. It is not principal protected and is not protected by the deposit protection scheme.
  • Bank deposits are subject to the credit risks of the relevant financial institutions. The Sub-Fund’s deposit may not be protected by any deposit protection schemes, or the value of the protection under the deposit protection schemes may not cover the full amount deposited by the Sub-Fund. Therefore, if the relevant financial institution defaults, the Sub-Fund may suffer losses as a result.
  • As the Sub-Fund invests in short-term debt instruments with short maturities, the turnover rates of the Sub-Fund’s investments may be relatively high and the transaction costs incurred as a result of the purchase or sale of short-term debt instruments may also increase which in turn may have a negative impact on the Net Asset Value of the Sub-Fund.
  • The Sub-Fund is subject to valuation risk and concentration risk. Valuation of the Sub-Fund’s investments may involve uncertainties and judgmental determinations. If such valuation turns out to be incorrect, this may affect the Net Asset Value calculation of the Sub-Fund. The Sub-Fund is likely more volatile than a broad-based fund that adopts a more diversified strategy. The value of the Sub-Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory event affecting the Hong Kong market.

Please note that the above listed investment risks are not exhaustive and investors should read the ETF Prospectus in detail before making any investment decision.

Share article on social media or email:

https://www.prweb.com/releases/2018/07/prweb15634908.htm

New Direction IRA to Offer Self-directed IRA Services at Texas…

Texas Precious Metals Depository

Texas Precious Metals Depository

We believe Texas Precious Metals Depository is one of the best managed facilities in the country.

Texas Precious Metals Depository announces the addition of New Direction IRA – a provider of self-directed IRAs, 401(k)s, health savings accounts (HSAs), and other such tax-advantaged savings vehicles – as a preferred custodian for self-directed IRA services at its new storage facility. In conjunction with New Direction, Texas Precious Metals Depository (TPMD) will complement the retail services provided by Texas Precious Metals to meet the needs of precious metals IRA investors.

Per the Internal Revenue Code, retirement investors may incorporate physical bullion and coins into their portfolios and retain the applicable tax benefits of their accounts. However, any account-owned precious metals must be stored in a depository or another such qualified third-party storage facility.

“Texas Precious Metals has worked diligently to optimize the investor experience through easy-to-use online marketplaces and industry-leading customer service,” said Tarek Saab, President of Texas Precious Metals. “We’re thrilled for the opportunity to serve our customers with New Direction IRA by providing a secure and affordable storage solution.”

The dedicated Precious Metals Asset Team (PMAT) at New Direction IRA communicates with prospective IRA investors, guides them through the account opening process, and collaborates with dealers like Texas Precious Metals to ensure a smooth transaction process. New Direction is excited to offer TPMD as a storage option for their clients and expand upon the seven-year partnership with Texas Precious Metals.

Texas Precious Metals Depository is a private underground bullion depository. The facility is entombed in concrete with three layers of concentric protection, bulletproof doors at all access points, armed security, and 24/7/365 interior and exterior surveillance. Texas Precious Metals Depository is also monitored remotely by county and city law enforcement, who are situated within one mile of the facility, and is 100% insured by Lloyd’s of London.

The depository has been used as the main storage and logistics center for Texas Precious Metals since 2012, processing over $500 million in precious metals transactions. The expansion of the facility for private customer storage includes fully segregated storage boxes and privately leased TRTL-30X6 equivalent Tann Banker’s Treasury Safes.

“We believe Texas Precious Metals Depository is one of the best managed facilities in the country, and we are pleased to offer this Texas-based option for our clients,” said Amy Henricks, Director of Precious Metals Operations.

Since 2003, New Direction IRA has enabled self-directed investors to incorporate alternative assets like precious metals into their IRAs, 401(k)s, and other such tax-advantaged savings vehicles. High demand in the gold and silver industry prompted the creation of NDIRA’s unique Precious Metals Asset Team (PMAT), which focuses solely on the needs of precious metals investors and their dealers. PMAT provides comprehensive support throughout the life of an account, from first client contact through the account creation, initial transaction, and all subsequent investment activities. To date, New Direction IRA services over 17,000 clients and nearly $2 billion in assets, approximately $368 million of which belongs to precious metals clients.

Texas Precious Metals can be reached at 361-594-3624 and notices(at)texasdepository.com. The Precious Metals Asset Team at New Direction IRA can be reached at 877-742-1270 (Ext. 185) and pmat(at)ndira.com.

Share article on social media or email:

https://www.prweb.com/releases/2018/07/prweb15634356.htm

David Vaughan Investments Announces New Relationship Manager and…

David Vaughan Investments, LLC (DVI) is pleased to announce several personnel updates, including the addition of a new Relationship Manager as well as the promotion of two Associates to Officer status.

New Relationship Manager

Michael Flaherty, CFP®, ChFC recently joined DVI as a Relationship Manager in the Peoria office. Mike has over 15 years of wealth management experience serving clients in the Central Illinois area. A graduate of Illinois State University, he is a Certified Financial Planner, a Chartered Financial Consultant and has earned numerous investment, financial planning and insurance certifications. Mike will serve as the primary point of contact for many of the firm’s clients. In addition, Mike will contribute to the refinement and delivery of DVI’s financial planning services.

New Officers

At the First Quarter DVI Board of Managers’ meeting, two DVI Associates were named Officers of the company.

  • Steve Hinrichs, CFA – Director of Investment Research


2018 will mark Steve’s twentieth year as a member of DVI’s investment team. In addition to serving as a portfolio manager, he has in recent years worked in tandem with the firm’s Chief Investment Officer to establish investment research priorities and deliverables for all DVI investment strategies.

  • Jeff Huizenga, CFP® – Director of Relationship Management


Jeff is an industry veteran with nearly 24 years of wealth management experience. He joined DVI in 2014 and has quickly established himself both as an effective Relationship Manager and a firm-wide resource on trust, estate and financial planning matters.

“The addition of Mike to the DVI team underscores not just our continued growth and commitment to Central Illinois, but also our determination to improve our ability to provide clients with best in class financial planning services.” said Will Williams, DVI’s Chairman, President & CEO. “He brings considerable practical experience to the firm and is a welcome addition to our professional staff.”

“The Board and I are pleased to elevate both Steve and Jeff to Corporate Officers of DVI. It is well deserved recognition for the material contributions they have both made to the firm over the past several years.” Williams continued. “Their appointments highlight our focus on the future as we continue to develop the breadth of our internal capabilities and deepen the bench of our leadership team.”

About David Vaughan Investments, LLC

DVI is an investment advisory firm with locations in Peoria, Illinois and Winter Park, Florida. As of March 31, 2018, DVI had total assets under advisement of $2.86 billion. In the fall of 2017, DVI established a new partnership with Morton Community Bank, a $3.6 billion independently owned community bank headquartered in Central Illinois.    

For the past 40 years, DVI has provided superior asset management services and wealth management solutions to high-net-worth individual and institutional investors. DVI employs a “Quiet Quality” approach to investment management: people of integrity, acting in their clients’ best interests… helping them plan for the future, protect what they have worked so hard to attain, and prosper today and for generations to come. For more information visit http://www.dviinc.com.

SOURCE: David Vaughan Investments, LLC

Share article on social media or email:

https://www.prweb.com/releases/2018/06/prweb15573080.htm