Securities Industry’s Oldest SDV-Owned Firm Gives Back and Pays Forward

(AP Newswire) Stamford, CT & Newport Beach, CA –November 1, 2016 —Veterans Day is observed by Americans each year on November 11; the day that is dedicated to honoring and extending our gratitude to the millions of men and women who have served within the US military. At Mischler Financial Group (“Mischler”), the financial industry’s oldest institutional brokerage and investment bank owned and operated by service-disabled veterans, Veterans Day is observed every day, and each November Mischler pledges a percentage of the entire month’s profits to carefully-vetted charitable organizations that support veterans and their families in recognition of this national holiday.

To honor Veterans Day Month 2016, Mischler Financial Group has made a financial pledge to three separate organizations that go above and beyond the call of duty to support military veteran families and local communities. Those 501c3 organizations are Bob Woodruff Foundation, The Johnny Mac Soldiers Fund and Buildon.org.

Stated Dean Chamberlain, Chief Executive of Mischler Financial, a 20-year veteran of the securities industry and a U.S. Military Academy at West Point alumni, “There are now more than 20 million Americans who have served with integrity and honor in the US Armed Forces, yet when transitioning back to civilian roles, too many are encountering challenges as they seek higher ground. The Mischler Financial year-round philanthropic mission is dedicated to the military veteran community at large, and Veterans Day Month provides a special opportunity for our trading desk and our clients to work together to give back and pay forward to the veteran community in ways that can truly help change lives for the better.”

Added Chamberlain, “This past May, we made our Memorial Day Month pledge to crowdfund campaign Veterans Education Challenge,  as we believe that advanced education is a core component to both personal and professional success. The organizations that we have pledged our Veterans Day Month support to provide equally unique runways by which veterans can further bolster their knowledge base and self-confidence, and in turn, help them to more easily target and capture opportunities as they advance forward.”

About The Bob Woodruff Foundation (501c3)

Mission Statement: Founded in 2006 by ABC News reporter Bob Woodruff and his wife Lee after Bob was hit by a roadside bomb while covering the war in Iraq. The Bob Woodruff Foundation has led an enduring call to action for people to stand up for heroes and meet the merging and long-term needs of today’s veterans. To date, BWF has invested more than $33 million to find, fund and shape programs that have empowered more than 2.5 million impacted veterans, service members and their families. To learn more, visit their website

About The Johnny Mac Soldiers Fund (501c3)

Mission Statement: Committed to providing support to those most affected by the Global War on Terror. Assistance includes: College scholarships and grants; Financial aid for professional certification programs and non-degree programs; Educational career counseling and mentorship. To learn more, visit their website.

About Buildon.org (501c3)

Mission Statement: To break the cycle of poverty, illiteracy and low expectations through service learning programs in many of America’s most under-resourced high schools. Buildon.org is dedicated to engaging and training high school students in the country’s most challenging urban areas by providing those students with the tools to proactively advance programs that can better the quality of life for members of their communities who are in need. To learn more, visit their website.

About Mischler Financial Group Inc.

Established in 1994, Mischler Financial Group, Inc. (“Mischler”) was the first broker-dealer certified as a Service-Disabled Veteran owned Business Enterprise (SDVOBE).Since that time, Mischler has become widely-recognized by Fortune corporate treasurers, public pension sponsors and the industry’s leading institutional investment managers for “punching above its weight class” while serving as a boutique investment bank and conflict-free institutional brokerage. Mischler is unique among its peers for its capital markets capabilities, as well as the firm’s year-round advocacy and support of veteran-centric causes. Mischler maintains offices in 8 major cities and is staffed by more than 55 securities industry veterans whose expertise extends across virtually all primary and secondary debt and equity capital market silos. In addition to traditional DCM and ECM services and secondary market best execution, Mischler administers corporate share repurchase programs for leading Fortune companies, cash management for government entities and corporations, and asset management programs for liquid and alternative investment strategies. The firm’s website is www.mischlerfinancial.com

For Additional Information:

Attn: Office of the Chief Executive

Email: info@mischlerfinancial.com

Boutique Broker-Dealer Makes Veterans Day Month Pledge

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Taking home the gold for Best Broker-Dealer “Overall” :Wolverine Execution Services (WEX). Runners-up included Bloomberg Tradebook, Interactive Brokers, Mischler Financial Group and Dash Financial. Best Broker-Dealer Research was awarded for the third consecutive year to Mischler Financial Group, the industry’s oldest minority broker-dealer owned and operated by Service-Disabled Veterans. Runners up in the Best Research category: Stifel Nicolaus and Sandler O’Neil.

Best Broker-Dealer Equities was awarded to Fidelity Capital Markets and  in the client service category BNP Paribas took the prize. Best Options Platform was awarded to Interactive Brokers and Best Options Broker was awarded to WallachBeth Capital.

Noted Mischler Financial Group Managing Director Ron Quigley, who accepted the award on behalf of his firm, “Its a great honor to even be considered as a contender for an industry award when considering the pedigree of the other great firms that were nominated. It’s always good to be in good company and its best to be recognized for capabilities.”

The full list of nominees and winners of Wall Street Letter 6th Annual Institutional Trading Awards is available via this link

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Veteran-owned Firm Bolsters Ranks With 4-Member Team Hire

(GlobeNewsWire) Newport Beach, CA, December 9—Mischler Financial Group (“MFG”), the financial industry’s oldest boutique investment bank and institutional brokerage owned and operated by service-disabled veterans announced the firm has recently hired a 4-member team of financial industry veterans who specialize in international equities trading and portfolio solutions.  The new traders will operate from Mischler’s Boston trading desk and lead the firm’s 24- hour, agency-only execution in Asian, European, Latin American and Canadian equities for institutional clients.

The new hires include Managing Director Lawrence Peruzzi, a 20-year global trading market veteran whose International Equities experience includes ten years of buy-side trading desk leadership on behalf of Standish Mellon and The Boston Company Asset Management. During the past eight years, Mr. Peruzzi was Managing Director of International Trading for sell-side broker-dealer Cabrera Capital Markets LLC. Mr. Peruzzi is joined by the following newly-appointed Vice President(s); Timothy Casey, a 25-year industry veteran whose pedigree includes senior roles for both “buy-side” firms and most recently served as the senior U.S equities sales-trader for Cabrera Capital Markets LLC; European Equities specialist Patrick Morrissey, a 20-year veteran having buy-side and sell-side experience at Cabrera Capital Markets LLC, Jones Trading and The Boston Company Asset Management; and Asian Equities specialist Jeanne Austin, one of Wall Street’s most respected women traders who has led trading desks for Susquehanna International Group, KCG Holdings and Citigroup during her 30 year career.

Mischler Financial Group CEO

Noted Mischler CEO Dean Chamberlain, “As we look back on our 20^th anniversary of operations and look forward to continuing our mission, our new Boston-based unit will enable us to cast an even wider footprint across the secondary market equities trading space and further complement a long-established platform that embraces a holistic approach to true best execution of equity block orders and 10b-18 programs.” Added Chamberlain, “When compared to the Industry’s top execution desks, we’ve earned a reputation for punching above our weight class and exceeding expectations. Our new team members will augment our well-proven best execution capabilities; each individual has a deep understanding of best ways to navigate global equities markets while meeting the needs of the most demanding buy-side traders and investment managers.”

About Mischler Financial Group

Established in 1994, MFG is certified minority broker-dealer regulated by FINRA and federally-certified Service-Disabled Veteran Business Enterprise (SDVBE) headquartered in Newport Beach CA with regional offices in Stamford CT, Boston MA, Chicago, IL and Detroit MI. Mischler Financial Group serves leading institutional investment managers, corporate treasurers, public plan sponsors and select hedge funds by providing capital markets services, agency-only execution and portfolio solutions within the global equities, fixed income and alternative investment markets. MFG also provides new issue underwriting, domestic syndication and proprietary capital market insight. The firm’s website is located at http://www.mischlerfinancial.com

For Additional Information:
Dean Chamberlain, Chief Executive Officer
Tel. 203.276.6646

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In the transaction, which priced on October 23, Citi hired five veteran-owned financial firms to distribute the bonds to investors. The firms comprised Academy Securities, Inc.; CAVU Securities, LLC; Drexel Hamilton, LLC; Mischler Financial Group, Inc.; and Multi-Bank Securities, Inc.

“Citi is proud to support our nation’s veterans and to partner with these firms, all of which executed with excellence and assisted us deliver a very successful transaction,” said Suni Harford, Citi’s Regional Head of Markets for North America. “This deal provides a great example of how companies can partner with veteran-owned businesses to provide opportunities for them to grow and succeed.”

BrokerDealer.com hosts the global financial industry’s most comprehensive database of broker-dealer firms, including comprehensive information for brokerdealers operating in more than 30 countries across the free world

Through the October 23 deal, Citi re-opened a $2 billion issuance originally priced in September, pricing $1.5 billion in additional bonds and bringing the total outstanding securities to $3.5 billion. Investors responded positively to the deal, which Citi hopes will be the first of similar transactions involving veteran-owned firms in the future.

Citigroup Inc., a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

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“Corporate Bond Market- Balancing on a Knife Edge” is courtesy of extract from the 10.02.15 weekend edition of “Quigley’s Corner”, a daily synopsis of the investment grade corporate bond market and rates trading space authored by Ron Quigley, Managing Director of investment bank and institutional brokerage Mischler Financial Group, the financial industry’s oldest and largest minority brokerdealer owned and operated by service-disabled military veterans. Mischler Financial was selected in 2014 and again in 2015 for the Wall Street Letter Award “Best Research-Brokerdealer”

Blackouts couldn’t be more optimally timed as we experience massive re-pricing in our IG primary credit market.  The corporate black-outs are serving as an unplanned, well-timed inherently built-in “kick-the-can” that is necessary in helping us to all buy time as we navigate thru what is perhaps the most unpredictable, treacherous, volatile and uncertain time that our primary markets have experienced since 2008.  As one very senior syndicate source told me “the credit markets are sitting on a knife’s edge.” IG spreads are on the whole 44 bps wider at the end of the third quarter according to Morgan Stanley.

Today’s notoriously and unexpected poor employment data was the last thing credit markets needed and it has instigated a massive Treasury rally. Perhaps this is a bit of good news because when both are combined, is a potential high velocity tailwind to credit products from big government bond funds.  However, that’s “if” funds want to own credit product and hold it for an extended period of time and potentially wear a negative mark-to-market.

Having said that, the guy-in-the-corner suggests that at some point this weekend, you should put on your favorite song and sing along to it after many shots of tequila.  When you get to the point of feeling bad, look at yourself in a mirror and realize that you can begin to feel better with coffee, food, sleep and time but come Monday morning the business model you are used to is about to change.  Not adapt; not get better; rather change. The trends in the credit markets that we have seen over the last two quarters are showing no signs of abating, and in some degrees, worsening.

Now please let me introduce the moment you’ve been waiting for..

Syndicate Forecasts and Sound Bites from “The Best and the Brightest!”   

I am happy to report that once again the “QC” received unanimous participation from all 23 syndicate desks surveyed in today’s Best & Brightest polling.  That includes all of the top 22 ranked syndicate desks according to Bloomberg’s U.S. IG U.S. Investment Grade Corporate Bond underwriting league table that can be found on your terminals at “LEAG” + [GO] after which you select #201 (US Investment Grade Corporates).  Their cumulative underwriting percentage is 94.00% of YTD IG dollar debt underwriting which simply means they’re the ones with visibility.  But it’s not only about their volume forecasts, rather it’s also about their comments!  This core syndicate group does it best; they know best; so they’re the ones you WANT and NEED to hear from. 

*Please note that these are Investment Grade Corporates only. They do not include SSA issuance unless otherwise noted.

The question posed to the “Best and the Brightest” early this morning was:

“Good morning! So, this week the massive repricing in primary markets saw average NICs bust out to 54.23 bps; bid-to-covers shrank to an average 2.02x; today’s numbers were BAD; Obamanomics is quite the engine of growth and job creation, China’s slowdown is showing up in our data (ISM Milwaukee posted its worst manufacturing number since the dot com bubble). Spreads are wider on today’s data to start. Lower-for-longer might just be lower forever!  The two-part question for today is what are your volume forecasts for IG Corporate supply for BOTH next week AND October?  It’s going to be challenging to nail that down but it’s an important survey at this critical juncture.  Many thanks, Ron” 

……and here are their formidable responses:

To continue reading, please visit Mischler Financial Group’s market commentary section via this link

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ABS Market Veteran Patrick Beranek to Lead Effort for Veteran-Owned Investment Bank

Stamford, CT—July 22, 2015—Mischler Financial Group, Inc., the financial industry’s oldest and largest minority investment bank and institutional brokerage owned and operated by Service-Disabled Veterans announced that Patrick Beranek, a 20-year industry veteran and most recently the head of Asset-Backed trading for Royal Bank of Scotland (“RBS”) has joined the firm’s capital markets division as Managing Director, Structured Products.

Mr. Beranek previously ran asset-backed trading and syndicate for Mizuho Financial Group Inc. and Bank of America Corp. Prior to those senior sell-side roles, Mr. Beranek was a portfolio manager for Federal National Home Mortgage Corp (FNMA). In this newly-created role at Mischler Financial, Mr. Beranek will oversee primary market activities of structured products. He will report to Robert Karr, Mischler’s Head of Capital Markets.

In connection with the latest expansion, Mr. Karr stated, “The ABS market has undergone a dynamic reset during the past several years, creating new opportunities. Given current economic drivers, a longer-term interest rate outlook and the demand for quality, non-core fixed income instruments, we’re confident that Pat will prove instrumental in the course of elevating Mischler’s role in the primary market for structured products and help bring compelling opportunities to our institutional investor base.”

Added Dean Chamberlain, CEO of Mischler Financial, “We are very pleased to add Pat to our team. Having worked with him before, I know that he has a unique skill-set that will further bolster our structured finance capabilities.”

About Mischler Financial Group, Inc.

Established in 1994 and is headquartered in Newport Beach, California with regional offices in New York City; Stamford, CT; Dallas, TX; Boston, MA: Chicago, IL, Red Bank, NJ; and Detroit, MI. Mischler Financial Group Inc. is a federally-certified SDVBE and the brokerdealer industry’s oldest minority investment bank and institutional brokerage owned and operated by Service-Disabled Veterans. Mischler clients include institutional investment managers, Fortune treasurers, public plan sponsors, endowments and foundations by providing capital markets services and agency-only secondary market execution across the global equities and fixed income markets. The firm also provides asset management for liquid and alternative investment strategies. The firm’s website is located at http://mischlerfinancial.com.

CONTACT: For Additional Information:Dean Chamberlain, Chief Executive Officer, Tel: 203.276.6646

Media Contact: The JLC Group

Email: jay@thejlcgroup.com or Tel: 203.255.0034

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Mischler Financial Group, Inc., the institutional brokerage and investment banking boutique, and the securities industry’s oldest firm owned and operated by Service-Disabled Veterans presented a check this week to Semper Fi Fund in the amount of $20,000 as a follow-on to the firm’s previously announced “Memorial Day Month” pledge.

Mischler Prez Doyle Holmes (l), Semper Fi Fund VP Wendy Lehtin (c), Mischler CEO Dean Chamberlain (r)

According to Mischler CEO Dean Chamberlain, a U.S. Military Academy alumni and a certified Service-Disabled Vet (SDV), “Our ongoing mission throughout our now, twenty-year history has always been to provide Fortune Treasury and investment management clients with stand-apart capital markets services and by extension, to pay back and pay it forward by sharing the benefits of our success with organizations that are dedicated to supporting service-disabled military veterans and their families in the most productive ways.”

Added Chamberlain, “Semper Fi Fund is exactly the type of organization that we are honored to align with and we’re thrilled that so many of our clients rallied behind our trading desks to express their support of this month-long fund raising initiative.”

The Semper Fi Fund, and its program America’s Fund, provide immediate financial assistance and lifetime support to post 9/11 wounded, critically ill and injured members of all branches of the U.S. Armed Forces, and their families, ensuring that they have the resources they need during their recovery and transition back to their communities.

Since its 2004 formation led by a group of Marine Corps spouses, Semper Fi Fund has provided more than 93,500 grants, totaling more than $109 million in assistance to over 14,000 of our heroes and their families. Recipients include qualifying post 9/11 Marines, Sailors, Soldiers, Airmen, Coast Guardsmen, and reservists with amputations, spinal cord injuries, Traumatic Brain Injury (TBI), severe Post Traumatic Stress Disorder (PTSD), burns, blindness, other physical injuries, or those suffering from life-threatening illnesses. Semper Fi Fund also help spouses and children of active duty service members who face a life threatening illness or injury.

About Mischler Financial Group, Inc.

Mischler Financial Group is headquartered in Newport Beach, California with regional offices in Stamford, CT, Boston, MA and Chicago, IL. MFG is a federally-certified minority broker-dealer and a Service-Disabled Veterans Business Enterprise (SDVBE) that provides capital markets services, agency-only execution within the global equities and fixed income markets and asset management for liquid and alternative investment strategies. Clients of the firm include leading institutional investment managers, Fortune corporate and municipal treasurers, public plan sponsors, endowments, and foundations. The firm’s website is located at http://www.mischlerfinancial.com

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Mischler is the securities industry’s only federally-certified BD and maintains a significant footprint across both primary debt and equities capital markets where the firm serves as a underwriter, manager, co-manager and/or selling group member for corporate issuers bringing new debt or equities to the investment marketplace. The firm is also one of few in the industry that operates a 24/6 “high touch + high tech” trading desk that facilitates agency-only, direct market access and best execution for institutional clients transacting in US domestic markets and 100+ international equities markets. The firm’s website is located at www.mischlerfinancial.com

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