Background


WM Financial Strategies only business is serving as an
Independent Financial Advisor

WM Financial Strategies is an independent financial advisory company providing a broad range of customized services to governmental entities including cities, schools, park districts, ambulance districts, community colleges, fire protection districts, library districts and others. WM Financial Strategies specializes in structuring and arranging the sale of Illinois and Missouri municipal bonds, notes and lease obligations. Other areas of expertise include capital planning, analysis of fees and tax structures, demographic studies, analysis of capital formation alternatives, financial management studies and continuing disclosure.

After twelve years of experience in public finance, Joy A Howard formed WM Financial Strategies in 1989 in order to satisfy a need by local governments to obtain independent financial advice. Since that time, the use of independent financial advisors has grown. This is in part due to concerns regarding conflicts of interest when an underwriter acts as a financial advisor.  (See the article regarding the conflicts of interest.)

With the establishment of WM Financial Strategies, Ms. Howard became the first independent financial advisor in the State of Missouri. Today, WM Financial Strategies is a member of the National Association of Independent Public Finance Advisors (NAIPFA).  Ms. Howard is a Certified Independent Public Financial Advisor with NAIPFA and is a registered Municipal Advisor with the Securities and Exchange Commission and Municipal Securities Rulemaking Board.

As a member of NAIPFA, WM Financial Strategies has demonstrated its experience in advising and assisting public agencies on funding capital improvements and issuing bonds. In addition, member firms must be completely independent, ethically and actually, from bond underwriters, securities dealers, brokerage firms, and banks that buy municipal bonds for resale. The demanding membership criterion requires a demonstrated record of excellence in performance.

As an independent financial advisor, WM Financial Strategies is not affiliated with any underwriting or investing institution. Unlike an underwriting or investing institution whose primary objective is selling bonds or making loans, WM Financial Strategies is involved in all aspects of the capital formation process including planning. Whether engaged for a capital plan or a specific capital project, the objective of the firm is to provide impartial financial advice without any potential for conflicts of interest. Its sole commitment is to insure its clients of identifying capital needs and identifying the most feasible approaches to capital formation. When bond financing is involved, the goal of WM Financial Strategies is to achieve precise, feasible financial results without any bias toward a specific financing plan or approach to capital financing. WM Financial Strategies has no inherent interest in designing a particular financing to suit particular investors; nor in the method, type or size of the financing.

Service to the client is a primary objective. Accordingly, Joy A Howard will be the person with whom you have direct contact as well as the person who performs the actual work on your project. WM Financial Strategies has no junior staff work assignments as is customary with large firms.

 

 

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WM Financial Strategies
11710 Administration Drive
Suite 7
St. Louis, Missouri 63146

Phone (314) 423-2122
Fax (314) 432-2393
JHoward@munibondadvisor.com