Posts Tagged ‘Financial’

Buttonwood Financial Group Hires Chris Henry and Jeff Rice














Buttonwood Financial Group logo

Kansas City, Missouri (PRWEB) May 22, 2015

Buttonwood Financial Group, a full-service wealth management firm, is pleased to announce and welcome two new members of the Buttonwood Team: Chris Henry as a Portfolio Technical Specialist and Jeff Rice as a Client Services Specialist. They bring a wealth of knowledge and a breadth of experience to Buttonwood and will maintain the firm’s commitment to serving as a personal Family CFO to its clients.

“I will continue Buttonwood Financial Group’s mission to simplify the complexity that often accompanies wealth,” Rice said. He brings 15 years of mutual fund industry experience and has spent the majority of his investment career at Waddell & Reed, evaluating and analyzing mutual fund performance as a Senior Performance Analyst. Later, Rice transitioned to the marketing side of the business via its Ivy Funds subsidiary. He is a graduate of Morningside College with a degree in business administration and economics. He has two daughters and spends his free time golfing, visiting friends and exploring the hidden gems of Kansas City.

After graduating from Texas Christian University, where he majored in business administration with an emphasis in finance, Henry began his career in customer service for the wealth management industry.

Jon McGraw, President of Buttonwood, said, “Chris Henry provides a strong addition to our technology and trading team. He has spent the last decade working at Schwab Performance Technologies, building client relationships with Registered Investment Advisors, along with establishing investment platforms.”

Currently, Henry and his wife, Jenny, are embracing parenthood with two children. When he finds time between work and family life, he enjoys golfing, fishing and skiing.

About Buttonwood Financial Group

Buttonwood Financial Group is an independent wealth management firm based in Kansas City, Missouri, that works with individuals and families to simplify the complexity that comes with wealth. The firm serves as a Family CFO, coordinating and integrating tax, insurance and estate planning, as well as strategies for investments, cash flow, retirement, education and business, to achieve their clients’ specific goals.

Press Contact

Jon McGraw

President and Chief Investment Manager

3013 Main St.

Kansas City, MO 64108

816-285-9000

jon(at)buttonwoodfg(dot)com











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SNL Financial Ranks the 10 Largest Banks and Building Societies in the UK














Largest banks and building societies in the UK


London, UK (PRWEB) May 28, 2015

SNL Financial has released a new report exploring the state of the U.K’s banking system. Using the latest financial data, the report contains a ranking of the U.K’s 10 largest banks and building societies, an economic and industry overview, risk profile of the sector, branch network information, profiles of the major banks, M&A, regulation and a summary of common stock offerings.

Highlights:


Among the top four U.K. banks, HSBC’s 7.46% ROAE, 1.83% net interest margin and 64.16% cost-to-income ratio put it in the leading position in 2014.
Among the big four, Lloyds Banking Group had the lowest gross impaired loans ratio at 2.93% in 2014 while its Core Tier 1 ratio of 12.80% was the strongest.
At the other end of the spectrum, Royal Bank of Scotland Group had the highest proportion of gross impaired loans at 8.04% and was the only bank among the four to report a loss for 2014. The company also reported the worst net interest margin and cost-to-income ratio at 0.94% and 88.03%, respectively.
The U.K. banking sector held £7.927 trillion of assets as of June 30, 2014, down 14.7% since June 30, 2010.
U.K. banks have far fewer branches than their peers in other parts of Europe. In 2012, the U.K. had 1.8 branches per 10,000 residents, compared to between 4.5 and 7.2 branches per 10,000 residents in Spain, France, Germany and Italy in 2013.
From Jan. 1, 2013, to March 18, 2015, U.K.-based banks have completed 22 common stock offerings worth more than £13 billion, according to SNL data.

Notes: SNL Financial is publishing a number of similar analyses for other key economies across the globe. To request data on other regions, please email pressrequests(at)snl(dot)com. Please do not reproduce this report in its entirety.

About SNL Financial

SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock.































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MB Financial Bank Provides Complimentary Financial Education Programs to Consumers














Chicago, IL (PRWEB) April 23, 2015

MB Financial Bank announced that it will again participate in the Federal Reserve Bank’s Money Smart Week campaign. MB will offer nearly two dozen free financial education classes and seminars for consumers across the Chicago area during the week of April 18 – 25.

Money Smart Week® is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the country including businesses, financial institutions, schools, libraries, not-for-profits, government agencies and the media.

The programs offered by MB Financial Bank will cover important consumer topics such as the importance of saving, how to avoid credit card misuse, identity theft, the basics of home buying and money management for college students. Among the organizations partnering with MB in offering these programs are Catholic Charities, the Village of Glenwood Senior Center, Prairie State College, the Calumet City Clerk, the YWCA and YMCA and the Safer Foundation.

Vicky Arroyo, President of MB Financial Bank Community Development said, “MB Financial Bank is pleased to help members of our community learn more about their finances and to pick up important money management skills. We know how important it is for all consumers to protect their financial health and safety and we’re happy to help them do so through these free programs.”

About MB Financial Bank

MB Financial Bank N.A. is a Chicago-based commercial bank with approximately $ 15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB Financial Bank offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success. MB Financial Bank is a wholly-owned subsidiary of MB Financial, Inc. (NASDAQ: MBFI).

Learn more about MB Financial Bank at http://www.mbfinancial.com.

MB Financial Bank Money Smart Week Programs

Home Ownership and Foreclosure Prevention

Home Sweet Home – Money Saving Tips for Homebuyers and Homeowners – events hosted by Kelly Malitz, MB Mortgage

Evanston Public Library

1703 Orrington Ave, Evanston, IL 60201

4/18/2015

10:00am-11:00am

RSVP by 4/13/2015 to Kelly Malitz at Kmalitz(at)mbmortgage(dot)com or (312) 961-4691

Austin-Irving Public Library

6100 E Irving Park Rd, Chicago, IL 60634

4/20/2015

6:30pm-7:30pm

RSVP by 4/13/2015 to Kelly Malitz at Kmalitz(at)mbmortgage(dot)com or (312) 961-4691

Logan Square Public Library

3030 W. Fullerton Ave., Chicago, IL 60647

4/21/2015

6:30p.m-7:30pm

RSVP by 4/13/2015 to Kelly Malitz at Kmalitz(at)mbmortgage(dot)com or (312) 961-4691

Chicago Public Library Northtown Branch

6435 N. California Ave, Chicago IL 60645

4/23/2015

6:30pm – 7:30pm

RSVP by 4/13/2015 to Kelly Malitz at Kmalitz(at)mbmortgage(dot)com or (312) 961-4691

Homeownership-Buying it and Keeping it * – event hosted by Mohamed Coleman, MB Calumet City, Jabier Carranza, MB Mortgage, Calumet City Clerk and NHS.

Calumet City-City Hall

204 Pulaski Rd, Calumet City, IL 60409

4/21/2015

10:00am-12:00pm

RSVP by 4/10/2015 to Mohamed Coleman at mcoleman(at)mbfinancial(dot)com or (708) 360-4395

Homeownership-Buying it and Keeping it*- event hosted by Marcia Carroll, MB South Chicago Branch, Claretian Associates and Spanish Coalition

MB Financial Bank Community Room

3030 E 92nd Street, Chicago, IL 60617

4/22/2015

11:00am-12:30pm

RSVP by 4/16/2015 to Marcia Carroll at mcarroll(at)mbfinancial(dot)com or (773) 292-6085

Housing Fair* – event hosted by The Resurrection Project. Jabier Carranza, MB Mortgage, workshop presenter

Cicero Community Center

2250 S. 49th Ave. Cicero IL 60804

4/25/2015

9:00am-1:00pm

RSVP not required

Managing Money and Credit Wisely

Managing Your Money Wisely* – event hosted by Noemi Solis, MB Highland Park Branch and YWCA Lake County

YWCA of Lake County

1425 Tri-State Parkway, Suite 180, Gurnee, IL 60631

4/20/2015

6:30pm-8:30pm

RSVP not required

Credit Counseling Sessions* – event hosted by Noemi Solis, MB Highland Park Branch and YWCA Lake County

YWCA of Lake County

1425 Tri-State Parkway, Suite 180, Gurnee, IL 60631

4/22/2015

6:30pm – 8:30pm

RSVP not required

Managing Your Money Wisely – event hosted by Justin Murphy, MB Tinley Central Branch and Together We Cope

St. Julies Church

7399 159th Street, Tinley Park, IL 60477

4/22/2015

10:00am – 11:00am

RSVP by 4/20/2015 to Kaitlin Aldworth at kaldworth(at)togetherwecope(dot)org or (708) 633-5040

Money Management and Savings Basics* – event hosted by Marcia Carroll, MB South Chicago Branch and Claretian Associates

MB Financial Bank Community Room

3030 E 92nd Street, Chicago, IL 60617

4/24/2015

10:00am-12:00pm

Event for employees of Claretian Associates

Basic Banking Management – events hosted by Deb Sedberry, MB Glenwood Branch and Catholic Charities South Region

St. Irenaeus Church

78 Cherry St, Park Forest, IL 60466

4/24/2015

10:00am-11:00am

12:00pm-1:00pm

2:00pm-3:00pm

RSVP not required

Financial Workshops for Moms Club Members* – event hosted by Noemi Solis, MB Highland Park Branch and YWCA Lake County

YWCA of Lake County

1425 Tri-State Parkway, Suite 180, Gurnee, IL 60631

4/24/2015

10:30am-11:30am

RSVP not required

Money Smart Week Events For Kids

MSW at School* – event hosted by Fiona Alston, MB Bolingbrook Branch and Independence Elementary School

Independence Elementary School

230 S. Orchard Drive, Bolingbrook, IL 60440

4/20 – 4/25/2015

Events for elementary students K-5th

Healthy Kids Day* – event hosted by Fiona Alston, MB Bolingbrook Branch and Plainfield YMCA

Plainfield YMCA

15120 Wallin Drive, Plainfield, IL 60544

4/25/2015

12:00pm-3:00pm

RSVP not required

Money Smart Week Events for College Students

How to Manage a Checking Account – event hosted by Deb Sedberry, MB Glenwood Branch and Prairie State College

Prairie State College

202 S. Halsted St, Chicago Heights, IL 60411

4/21/2015

9:00am – 10:00am

RSVP not required

Managing Money and Credit – event hosted by Griselda Delgado, MB River Forest Branch and Lincoln College of Technology

Lincoln College of Technology

8317 W North Ave, Melrose Park, IL 60160

4/21/2015

11:00am-12:00pm

Event for college students

Money Smart Week Event for Seniors

How to Prevent Identity Theft – event hosted by Deb Sedberry, MB Glenwood Branch and Village of Glenwood Senior Center

Village of Glenwood Senior Center

1 Asselborn Ln, Glenwood, IL 60425

4/20/2015

12:30pm-1:15pm

RSVP by 4/13/2015 to Joanne Alexander at jalexander(at)villageofglenwood(dot)com or (708) 753-2400

*provided in English and Spanish
























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Growing Number of People Using Solo 401(k) Plan Loan To Pay Off Credit Card Debt, According To IRA Financial Group Survey
















Self-employed 401(k) Plan $ 50,000 loan feature allowing small business owners to fund their new business without seeking high interest rate loan options


New York, NY (PRWEB) March 24, 2015

IRA Financial Group, the leading provider of self-directed solo 401(k) plans for self-employed and small business owners with no full-time employees, announces the results of its internal survey which showed a large number of people looking to use the solo 401(k) plan loan feature as a means for paying off their credit card debt.

“Due to very high interest rates surrounding most credit card debt and the heavy financial burden it has on the individuals, more people are turning to the solo 401(k) plan loan feature as a way of paying off the credit card debt with a lower interest rate, “ stated Susan Glass, a tax specialist with the IRA Financial Group. “People are so excited when they lean that they can access up to $ 50,000 tax-free and penalty free from their 401(k) plan and use the solo 401(k) plan loan as a way of replace a high interest rate credit card loan with a low interest rate solo 401(k) plan loan, “ stated Ms. Glass. “The best part of the solo 401(k) plan loan is that you can get tax-free and penalty free access to your retirement funds and use them to pay off the credit card debt and at the same time pay your plan back, which in-turn increases the value of the loan, “ stated Ms. Glass.

Internal Revenue Code Section 72(p) allows a Solo 401K Plan participant to take a loan from his or her 401K Plan so as long as it is permitted pursuant to the business’s 401K Plan documents.

A solo 401k loan is permitted at any time using the accumulated balance of the solo 401k as collateral for the loan. A Solo 401(k) participant can borrow up to either $ 50,000 or 50% of their account value – whichever is less. This loan has to be repaid over an amortization schedule of 5 years or less with payment frequency no less than quarterly. The lowest interest rate that can be used is Prime as per the Wall Street Journal, which is currently 3.25%.

With IRA Financial Group’s Solo 401K plan loan feature, a self-employed individual or small business owner with no employees can borrow up to $ 50,000 tax-free and penalty free and use those funds to pay off student loan debt. There are no penalties or taxes due provided loan payments are paid on time. “The Solo 401(k) Plan loan has proved to be an appealing financing option to paying off high interest rate credit card debt and secure cheaper self- financing”, stated Ms. Glass.

IRA Financial Group’s Solo 401k Plan documents will allow a self-employed individual to use a loan from your Solo 401k for any purpose, including paying off debt, such as a mortgage, personal loan, or student debt. “In 2015, we have already helped hundreds of individuals use the Solo 401(k) Plan loan feature as a way to access at least $ 50,000 of retirement funds without tax or penalty to use for any purpose, including for use in paying off personal debt, such as credit card and student loans, “ stated Adam Bergman, a tax partner with the IRA Financial Group.

The IRA Financial Group was founded by a group of top law firm tax and ERISA lawyers who have worked at some of the largest law firms in the United States, such as White & Case LLP, Dewey & LeBoeuf LLP, and Thelen LLP.

IRA Financial Group is the leading provider of Solo 401(k) Plan solutions. IRA Financial Group has helped thousands of clients take back control over their retirement funds while gaining the ability to invest in almost any type of investment, including real estate and private business investments without custodian consent.

To learn more about the IRA Financial Group please visit our website at http://www.irafinancialgroup.com or call 800-472-0646.











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Johnson Memorial Hospital Retains B. E. Smith to Recruit New Chief Financial Officer












LENEXA, Kan. (PRWEB) December 19, 2014

B. E. Smith, the only full-service leadership solutions firm dedicated exclusively to healthcare providers, has been retained to lead a national chief financial officer search for Johnson Memorial Hospital in Franklin, Ind. The top executive search firm in the healthcare industry, B. E. Smith has recently placed more than 900 healthcare executives into organizations.

Johnson Memorial Hospital is a 100-bed, county-owned, full service hospital providing care to the residents of Johnson County and the surrounding areas. The hospital has over 100 physician and medical specialists, and recently expanded its Progressive Care and Critical Care Units, developed an advanced Surgery Center, private Maternity Suites and a growing list of outpatient and diagnostic services. Johnson Memorial Hospital implemented its “Building Excellence” cultural transformation program that allows for the establishment and monitoring of objective, quantitative goals used to determine organizational and individual performance. The program as provided overall positive staff retention rates, customer service ratings and quality metrics scores. Johnson Memorial Hospital is a member of the Johnson Memorial Health, which also includes Johnson Memorial Physician Network, Johnson Memorial Extended Services, the JMH Resource Management Company and the Johnson Memorial Hospital Foundation.

Johnson Memorial Hospital is seeking an experienced senior finance executive who will provide leadership and maximize assets in all divisions including revenue cycle, patient accounts, accounting, admissions, managed care, medical information and property leasing management. The new chief financial officer will collaborate and assist board members, medical staff members and leadership team in developing the financial component of business plans. The CFO will develop an in-depth understanding of physician employment contracts, managed care agreements and state and federal payment programs. The CFO will develop necessary forecasts and analysis for future debt issuances surrounding the hospital’s capital improvement and expansion plans. The CFO will also build the necessary relationships with other Suburban Health Organization (SHO) hospital CFOs and the Community Health Network financial team as to maximize collaboration and cost sharing opportunities. Additionally, the CFO will mentor and develop positive relationships with staff and peers, as well as build succession plans for key positions within the finance division.

The complete job posting for Johnson Memorial Hospital’s CFO position can be found on the B. E. Smith website.

About Johnson Memorial Hospital:

Johnson Memorial Hospital is a county-owned hospital located in Franklin, Indiana. The hospital has over 100 physician and medical specialists on staff, providing high quality care to the residents of Johnson County and the surrounding areas. Among the special programs available at Johnson Memorial Hospital are advanced cardiac, cancer, surgical and interventional radiology, as well as a wide range of inpatient and outpatient services. For more information about Johnson Memorial Hospital, visit http://www.johnsonmemorial.org/.

About B. E. Smith:

Founded in 1978, B. E. Smith is a full-service healthcare executive search firm and the top-ranked provider of senior-level leadership services including Interim Leadership, Executive Search and Advisory Services. Veteran healthcare recruiters and regional healthcare experts partner with each client to create customized solutions. B. E. Smith’s proven methodology has resulted in the recent placement of more than 900 leaders into healthcare organizations worldwide. The firm utilizes a comprehensive sourcing strategy incorporating the latest marketing techniques, association partnerships, social networking and one of the largest databases of skilled senior-level healthcare finance executives in the industry to deliver immediate results in today’s complex healthcare environment. For more information, visit BESmith.com or call 855-254-8261.























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Mid-Market Pulse Index Shows M&A Growth in Financial Services Over Next Year










(PRWEB) July 07, 2014

According to the third report in SourceMedia’s Mid-Market Pulse (MMP), dealmakers expect to see growth in M&A activity over the next 12 months in the overall market as well as in the financial, insurance, and real estate (FIRE) services sector. The MMP, published by Mergers & Acquisitions in partnership with McGladrey LLP, is a forward-looking sentiment indicator that monitors near-and intermediate-term outlook for merger and acquisition activity within the middle market.

The most recent MMP composite index three-month reading of 70.8 marks dealmaker optimism for overall M&A activity for the coming quarter, while the 12-month composite reading of 71.8 indicates that will continue in the intermediate term.

Each month, the MMP index spotlights an individual industry and presents respondents’ expectations for deal activity within that specific sector. This month’s index focuses on the financial, insurance, and real estate services (FIRE) sector. In the near term, the overall market outpaced the FIRE sector by 4.8 index points. However, over 12 months, the outlook swaps as the FIRE services sector reads slightly higher than the overall M&A market with a composite score of 74.7. For a complete analysis of the MMP’s most recent data, go to http://www.TheMiddleMarket.com/mmp-FIRE.

“In the intermediate term, FIRE is expected to grow more than the overall market,” said Mary Kathleen Flynn, editor-in-chief of Mergers & Acquisitions. “Regulatory and tax issues are among the factors driving M&A in FIRE, especially as banks look to divest non-core assets.”

Inside the MMP

The Mergers & Acquisitions Mid-Market Pulse (MMP) is a monthly barometer of sentiment in the mergers and acquisitions business derived from monthly surveys of approximately 250 executives in private equity firms, investment banks, lenders, and advisory firms in accounting, law, and consulting.

Based on a regular set of recurring questions about expectations and trends across a range of key issues in M&A, the MMP is a leading indicator for potential changes in momentum in M&A activity. Various indicators that make up the MMP include projected deal volumes and pricing, staffing resource utilization levels, and the expected impacts of economic conditions, taxes and regulatory policy on future M&A activity.

Survey responses describe expectations and outlooks for three- and 12-month forward periods to arrive at indicator scores. Respondents also are asked to elaborate on their responses and provide opinions about other conditions that affect their M&A outlook.

A Look at the Numbers

In the near-term, the FIRE services sector scored higher in the Tax Impact component than the overall industry with readings of 92.6 and 71.8 respectively.

The same held true over the intermediate term with FIRE registering 87.5 in the Tax Impact component compared to 81.1 for the overall market.

FIRE registered higher in Deal Multiples than the overall industry in the 12-month forecast with a reading of 73.9 compared to 70.1.

What Respondents are Saying

Survey respondents are encouraged to add verbatim comments to their answers. Many echoed the MMP Index’s sentiment about the role taxes will play in M&A activity.

“M&A activity is being driven almost solely by the regulatory bodies,” one respondent said. “There is almost a fear in the industry that regulators are going to come after them next.”

Another said: “Government regulation and instability is the most concerning issue.”

Some deal makers observed a recovery in the real estate sector, which impacts the other parts of the FIRE services sector. “Real estate is slowly coming back, as is consumer confidence,” the respondent said. “The time is right for the economy to really start a slow but steady growth.”

About SourceMedia

SourceMedia, an Investcorp company, is a business-to-business media company serving the financial industry and the related fields of professional services and technology. SourceMedia offers its clients and subscribers professional information services – both print and digital – industry-standard data applications, in-depth seminars and conferences, research, and specialized marketing services.

About SourceMedia Research

SourceMedia Research was launched in 2010 to operate in tandem with the company’s existing news and analysis, events and marketing solutions operations. Building on SourceMedia’s strong audience communities, and working closely with its editorial teams, SourceMedia Research provides a full range of industry-standard capabilities, including quantitative and qualitative surveys, data analysis, panel management, and white paper development. Surveys are developed independently by our subject matter experts, as well as in consultation with syndicate partners and clients. Data and insight derived from SourceMedia’s research studies can support strategic and tactical decision-making, product development and demand analysis, and the creation of custom research, thought-leadership and positioning programs.

About Mergers & Acquisitions

Mergers & Acquisitions covers all aspects of middle-market dealmaking, including identifying acquisition targets, negotiating transactions, performing due diligence, and closing deals. Serving nearly 18,600 print subscribers, our monthly magazine is published in partnership with the Association for Corporate Growth (ACG), a global organization comprised of thousands of private equity firms, corporate officials and intermediaries. With more than 25,000 unique monthly visitors, themiddlemarket.com is continuously updated, providing real-time information and analysis of news and trends in M&A. Our online video series features interviews with high-profile dealmakers, including private equity partners, strategic buyers, investment bankers and other advisers.

About McGladrey

McGladrey LLP is the leading U.S. provider of assurance, tax and consulting services focused on the middle market, with more than 6,700 people in 75 cities nationwide. McGladrey is a licensed CPA firm and serves clients around the world through RSM International, a global network of independent assurance, tax and consulting firms. McGladrey uses its deep understanding of the needs and aspirations of clients to help them succeed. McGladrey meets the needs of private equity firms and their portfolio companies with integrated transaction advisory, tax, assurance and consulting services. Clients benefit from a single-point-of-coordination service model and teams that operate as strategic partners throughout the private equity life cycle. For more information like us on Facebook at McGladrey News, follow us on Twitter @McGladreyPE and/or connect with us on LinkedIn.

For more information, please contact:

Dana Jackson

Dana.Jackson(at)sourcemedia(dot)com

212.803.8329

Mary Kathleen Flynn

MaryKathleen.Flynn(at)sourcemedia(dot)com

212.803.8708























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NFCC Provides Snapshot of Typical Consumer Seeking Financial Counseling












Washington, DC (PRWEB) May 22, 2014

Mid- year is often a time when many evaluate where they stand financially. To help consumers measure their financial health, the National Foundation for Credit Counseling® (NFCC) has provided a picture of the typical consumer who came to an NFCC member agency for financial counseling in 2013, and encourages consumers to use this information as a financial check-up tool, benchmarking their situation against those who self-identified as being in need of financial guidance.

“More than 1.5 million consumers reached out to an NFCC member agency last year for answers and solutions to their financial concerns around debt, housing, budgeting and bankruptcy. Examining their financial profile can provide guidance for others, helping them determine their own level financial wellness,” said Gail Cunningham, spokesperson for the NFCC.

Consider some of the red flag characteristics of consumers who sought financial counseling from an NFCC member agency in 2013:

    The number one reason to seek counseling was “poor money management,” eclipsing “reduced income” which had held the top spot since 2009. Why a red flag: An improving economy may put more money in people’s pockets, but if not managed properly, it can still result in financial distress.
    The age of the majority of consumers was fairly evenly divided between 25-54, with young adults in the 25-34 age group leading the way (24%), followed by the 35-44 range (23%), and the 45-54 group (21%). Why a red flag: Financial problems can occur at any stage in a person’s adult life which, if left unaddressed, can begin a negative spiral from which it can be difficult to recover.
    The average household take-home income was $ 35,081, with an unsecured debt of $ 17,548, resulting in an unsecured debt to income ratio .50. Why a red flag: Owing too much relative to your income resulting in a high debt-to-income ratio not only makes it harder to meet all debt obligations, but can hinder future borrowing.
    Consumers seeking help carried an average of 5.7 credit cards. Why a red flag: The number of credit cards a person has is not as important as how they manage them. Whatever the number of cards, maxing out the lines of credit will likely harm a person’s credit score.
“Consumers are smart to contact a trusted organization for financial help,” continued Cunningham. “However, the one mistake many of them have in common is that they wait too long to reach out for assistance. Delaying taking action allows the problem to escalate, often causing financial damage that could have been prevented.”

Consumers who recognize similarities between their situation and those who sought assistance from an NFCC member agency should follow their lead and take action now. To be automatically connected to the office closest to you, dial (800) 388-2227, or for assistance in Spanish call (800) 682-9832. Inquire about the NFCC’s Sharpen Your Financial Focus™ program which has helped tens of thousands of people find solutions to their financial problems. To learn more about what the program has to offer, visit http://www.SharpenToday.org or http://www.agudicehoy.org.

-30-

The National Foundation for Credit Counseling (NFCC), founded in 1951, is the nation’s largest and longest serving national nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services. NFCC Members annually help millions of consumers through more than 600 community-based offices nationwide. For free and affordable confidential advice through a reputable NFCC Member, call (800) 388-2227, (en Español (800) 682-9832) or visit http://www.nfcc.org. Visit us on Facebook: http://www.facebook.com/NFCCDebtAdvice, on Twitter: twitter.com/NFCCDebtAdvice, on YouTube: http://www.YouTube.com/NFCC09 and our blog: http://financialeducation.nfcc.org/.























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Join Commodities Trading Training Course: http://goo.gl/eIQuVu Learn How To Investing In Commodities Trading – Learn Knowledge of Capital Markets, Financial …
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Binary International Reviews Regulation, Agrees To Be Audited Every Month By The International Binary Financial Auditors











Binary International Reviews


Boston,MA (PRWEB) February 04, 2014

Binary International , which recently won the best new binary broker award from ITM Financial, is reviewing their regulation options. Binary International also agreed to being audited by the International Binary Financial Auditors, or IBFA. The IBFA standards insist on broker transparency and liquidity. The IBFA agreement allows the auditing firm to review all client accounts and broker bank accounts to make sure there is enough capital to cover 1.5x all the deposited money at the binary option broker. All client funds must be segregated apart from corporate funds.

“Binary International reviews have really been outstanding, not only in our monitoring system, but also with everything I read on the Internet,” says CEO of ITM Financial, Curt Dalton. “We monitor reputation and integrity of all the companies we do business with and have agreements with, and Binary International is stellar. I am glad to see them getting audited and looking into regulation.”

ITM Financial, which provides forex signals and binary options signals to traders around the world, is a financial startup out of Boston, Massachusetts. Their popularity has grown with their results, and they know reach thousands of traders a day with their news feeds, apps, and Internet messaging systems.

“We have had solid growth in the forex market, but the binary market is a very new niche with explosive interest from around the world,” added CTO, Ali Khan. “Binary options give traders a chance to hedge a position very quickly, even trade it over the 1 minute, 5 minute, or 15 minute time frame. It allows a trader to react almost instantly to news that could affect a currency or commodity position,” added Khan.

For more information, please visit Binary International at http://www.binaryinternational.com/.























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Stemedica Announces New Chief Financial Officer











Stemedica Cell Technologies Inc

San Diego, CA (PRWEB) January 27, 2014

Stemedica Cell Technologies, Inc. a leader in adult allogeneic stem cell manufacturing, research and development, announced today that Craig W. Carlson has been appointed the Company’s Chief Financial Officer effective March, 2014.

Craig Carlson brings 34 years of financial, accounting, investor relations, and operational experience specifically in the biotech and biopharmaceutical industries to his role at Stemedica. Over the past 21 years of his career, Craig has played an integral role in raising over $ 420 million from private and public markets and has also had significant international experience having been responsible for various subsidiaries in China, Korea and the United Kingdom.

“Craig’s solid background in financial and accounting management along with his experience in SEC reporting, investor relations and in supporting financing initiatives in emerging growth companies is well-suited for Stemedica,” said Roger Howe, PhD, Stemedica’s Executive Chairman. “I have confidence that under Craig’s leadership, Stemedica will continue to improve our operating and financial efficiency and continue to create shareholder value.”

Previously, Craig was the Senior Vice President, Chief Financial Officer and Secretary at Talon Therapeutics, a specialty biopharmaceutical company, where he was responsible for all finance, accounting, SEC filings, information technology, and intellectual property with financial oversight on clinical trials. During his time at Talon he played an integral role in securing $ 100 million in financing; managed the Goldman Sachs mergers and acquisitions efforts; updated and streamlined Sarbanes Oxley controls and procedures; renegotiated licensing and royalty agreements, and actively participated in positioning the company for sale to Spectrum Pharmaceuticals in 2013.

He served a similar role as Senior Vice President, Chief Financial and Operating Officer as well as Managing Director U.K. for Cygnus Inc., a medical device company focused on manufacturing transdermal drug delivery systems and non-invasive glucose monitoring devices. At Cygnus, Craig supported the raise of more than $ 250 million from public and private markets as well as commercial partner payments. He also led the licensing negotiations for U.S. sales and distribution agreements as well as the national launch of the world’s first non-invasive glucose monitoring device. In addition, he initiated an aggressive investor relations marketing program that contributed to a tenfold increase in the company’s valuation. He also played a significant supporting role in the company’s sale of their transdermal patch business division to Johnson & Johnson.

During his tenure at Neurobiological Technologies, a biotech company focused on Phase III trials for Ischemic Stroke, he was instrumental in raising over $ 70 million in the midst of a difficult funding environment; successfully remedying two years of financial restatements from prior management; instituted new budgeting and cash flow forecasting systems; and led contract negotiations with CROs (Contract Research Organizations) and strategic partners.

Craig has an MBA from Stanford University Graduate School of Business, MS Ed. Counseling from Hofstra University and a BA in Political Science from Union College.

About Stemedica Cell Technologies, Inc.

Stemedica Cell Technologies, Inc. is a specialty biopharmaceutical company that is committed to the manufacturing and development of best-in-class allogeneic adult stem cells and stem cell factors for use by approved research institutions and hospitals for pre-clinical and clinical (human) trials. The company is a government licensed manufacturer of clinical grade stem cells and is approved by the FDA for clinical trials in ischemic stroke, cutaneous photoaging and acute myocardial infarction. Stemedica is currently developing regulatory pathways for a number of other medical indications using adult allogeneic stem cells. The company is headquartered in San Diego, California. http://www.stemedica.com

For more information regarding Stemedica Cell Technologies, Inc., contact Dave McGuigan at dmcguigan(at)stemedica(dot)com.
























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