Bank Creates Housing for Those in Need

Nexbank has spent a significant amount of time in the national spotlight this year. Recently, Nexbank announced that they were partnering with Dallas Neighborhood Homes to help those who need assistance most. This was announced on the heels of strong 4th quarter and calendar year results for Nexbank, creating a large amount of momentum for the coming months. In the next year, Nexbank is going to provide over 100 loans to families specifically in lower income zip codes to increase the standard of living in these areas. This pattern of loan giving will continue for the next 5 years. This will total over $10 million per year in low-income home loans. While many view this practice as unsafe, Nexbank stands firmly committed to improving housing opportunities for families in low-income areas. Dallas Neighborhood Homes will decide which low-income families will qualify for these Nexbank home loans. Nexbank will also partner with Dallas Neighborhood Homes to provide valuable counseling to people who are taking out a large loan for the first time. Nexbank will also pay the title fees and closing costs associated with the home loan.

Nexbank is one of the leaders in the financial industry. The bank is headquartered in Dallas and has accrued over $3 billion in assets since its inception in 1992. Nexbank offers a variety of services including commercial banking, institutional services, and mortgage banking. This wide array of expertise ensures that its clients are taken care of. Its clients include financial institutions, large corporations, and individual clients. Nexbank is also engaged heavily in philanthropy. In addition to partnering with Dallas Neighborhood Homes, Nexbank is also heavily involved with Habitat for Humanity. Nexbank is committed to the well-being of the citizens in the Dallas area. This institution serves as a shining example for financial organizations worldwide.

A Conversation with Keith Mann, Founder and CEO of Dynamics Search Partners

Beginning more than fifteen years ago, Keith Mann has been shaking up the executive search industry with new and innovative techniques in hiring strategies, staffing, and hedge fund compensation. At Dynamics Executive Search, Keith Mann worked as a recruiter specializing in global financial services, but when he foresaw the necessity for search companies to address the hedge fund market, he launched Alternative Investment practice in 2002. As CEO of Dynamic Search Partners (DSP), the firm he established in 2009, he works on a day-to-day basis with clients hiring professionals with investment and marketing experience and building relationships. We had the chance to sit down with him and discuss his background and his exciting thoughts for the future.

How did Dynamics Search Partners get started?

The idea really came from seeing the need for search services in the hedge fund and alternative investment markets. I was familiar with the industry, and we decided it was a great time to get started into that market. We didn’t want to start with a whole new brand, so we kept the name Dynamics Search Partners, since the old firm was Dynamics Associates. It’s also a pleasure to run a company myself.

How do you find the time to stay motivated with your daily schedule?

It can be hard, since my day is filled with meetings and emails, but the key is to just work at it. I also try to keep my mind focused by exercising the body, which starts the morning off right.

What inspires the ideas that drive the firm?

It’s not so much about coming up with unique or original ideas. The key is to be aware, really aware of the industry and to try to identify the best places to fill a niche. When you are focused on serving the customer, the ideas for improving services just come to you.

You have made your career at the forefront of some exciting technologies. What do you see on the horizon that gets you up in the morning?

You know, it’s not so much about the technology or the services, but the diversity of eligible candidates is very exciting for me. We are always trying to find the best person for a position, and in recent years there’s been a trend of a wider and wider group of people suitable. That’s a new and much-welcomed reality.

We often talk about bad habits hurting productivity; what’s a good habit that you swear by?

Exercise. I know it sounds trite, but sadly modern work is often focused around keyboard and monitor time. By starting out my day with a morning jog or exercise routine, I find it energizes and motivates me like you wouldn’t believe. But it works!

You seem to love your job now, but have you ever found yourself stuck in a position you hated?

Oh absolutely. I worked at a large bank in their foreign exchange department as a trading assistant. It taught me, though, the value of perseverance: I knew immediately that I would have to work hard so I could start my own company to get out of that place.

How would you change your career path if you could begin again?

I’m happy with where my career’s taken me–trading assistant position and all. Everything has taught me valuable lessons, and to end up where I am today with great people and exciting opportunities is a blessing.

What is the single most important piece of advice you could give to a starting entrepreneur?

Ask questions constantly. There’s no need to reinvent the wheel. Even if you’re starting a company doing something altogether new, business is business, and there are thousands of clever people who have worked through similar situations as you. Always weigh decisions rationally and gather as much data as you can.

What one early strategic decision in the life of your company do you think contributed most to your success?

I cannot overemphasize the value of technology. A lot of the businesses that have been around for a long time seem to think that they can carry on without innovation or change. This is simply untrue. If it doesn’t exist yet, hire someone to make it happen. Technology is a brave new world, and to fail to get on board with change is to be left behind at the station.

Let’s talk about failure. What’s one failure that you’ve had to overcome in your career?

Well, honestly it’s hard for me to think of one, not to be arrogant. But I guess one time we did hire someone who just wasn’t the best fit for the job. We had to end that relationship. But really, I can’t talk highly enough about the people I work with now.

What was the best $100 you’ve spent in the past month? What lessons can we take from it?

I don’t know what kind of lesson you can take from it! I suppose the importance of family, but I took the kids to make pizzas at a class. They had a ball.

What is your favorite software, and why?

Google products are fantastic. The collaborative nature of the way Google’s online word processing works means fast and engaging correspondence in a way that just wasn’t possible before. I use LinkedIn all the time, obviously, but other than that, I think I’ll have to leave your readers with just a little bit of mystery!

What is one book you recommend?

Daniel Kahneman’s great ideas in Thinking, Fast and Slow. You want success? That’s your book.

What would you say are your greatest influences?

I would have to say Michael Bloomberg. The man leads from the front, and you can draw a lot of important ideas from the things that he has accomplished.

Thank you so much, Mr. Mann!

Thank you!

Jim Hunt and VTA Publications Offer Education Leading to Financial Investing Success


Jim Hunt has devised a financial trading system with the help of publishing house, VTA Publications, that profits when stocks decline. Many people are warning of an upcoming global economic collapse and during this collapse, stocks will lose a considerable portion of their value.  Jim has covered all of this on YouTube.

The idea is not new. Jesse Livermore, the “Boy Plunger”, was a stock market trader who made several fortunes in the early days of the stock market on Wall Street. He would observe the rise of various stocks as investors; usually, rookies, put their hard earned dollars into stocks just because everybody else was doing the same. While investors would let their investment fortunes continue to increase over the long term, the traders knew it was time to cash in their positions for short term profit. Jim Hunt and VTA Publications have developed a system that makes money whenever the stock market goes down.

Historically investors put money in the stock markets because the standard model of a stock is to go from a low when the stock is first offered for sale to the public (IPO). From this point forward the stock should gain in value and over time offer great success to the initial investors and everybody else who has come on board since the IPO. Over the long term, this model is successful, but Livermore and other sophisticated investors like George Soros can tell when a stock, commodity, option, or Forex pair is about to collapse. Soros made $1 billion in 1992 on a single investment in the Forex market betting a particular currency, in this case, the British Sterling Pound would lose value.

But before a novice investor plays the market for real, they should open a demo account to see if their theories play out. Picking a top or a bottom of any single stock or an entire market in the case of indices is impossible. But investors can profit by a system of management for their investments. The age-old adage, “Let your profits run and cut your losses short.” may be the best investment advice of all time.


Goettl’s guidelines to shielding pets from excessive heat

Here are Goettl’s tips to keep your pets safe:

• Cleanliness
According to the American Veterinary Medical Association, cleaning your pet regularly enhances better circulation.
• Build a water pool
Just like human beings, pets sweat during the summer. As such, ensure that it has access to cool, fresh water and a place to shelter during the summer. Importantly, keep an eye to ensuring that your pet does not dehydrate during outdoor activities.
• Buy a splish-splash
Splish-splash is a pool that allows pets to keep fresh while playing with it. A splish-splash can be your pet’s new favorite toy.
• Ensure your pet’s paw stays away from hot surfaces
During the summer asphalt, cement, and truck surfaces can become scorching. Always ensure that your pet’s paw do not contact hot surfaces to avoid burns. Therefore, if you realize that there is extreme heat during the day, consider having outdoor activities early in the morning or late evening.
• Apply safe sunscreen
Short, light colored pets are often susceptible to sunburn. Therefore, apply safe sunscreen to your pet before outdoor activities.
• Keep your pet away from harmful chemicals
Often, summer heat causes overheating cars to emit harmful chemicals that can harm your pet. If so, ensure that your pet stays away from the car to avoid health problems. Additionally, pesticides and some fertilizers may imperil your pet’s health when they spill onto the ground. Therefore, keep all harmful substances out of your pet’s reach.

About Goettl Air Conditioning

Founded by Gust and Adam Goettl, Goettl Air Conditioning is a Phoenix based air conditioning and heating company. Goettl has built a reputation as excellent in air heating and cooling services since its establishment in 1939. Over the years, it has transitioned through multiple stages of business and technological changes. Its service center is located in the greater Phoenix and Tucson metropolitan area. When looking for outstanding air heating and conditioning services around the great Phoenix area, contact Goettl Air Conditioning today and experience it yourself. Goettl Air Conditioning is famous for a highly experienced management team and technicians that provide tailored services to fit specific customer needs. They are experts in commercial and residential HV/AC services and installation applications.

Goettl Air Conditioning takes pride in the ability of its technicians and staff to exceed customers’ expectations. At Goettl, customers have access to an excellent 24/7 response and unconditional satisfaction guarantee in all its services. Whenever you want to buy a new AC or to repair the existing one, Goettl Air Conditioning is always ready to undertake your project.

Seattle Genetics Increases Public Stock Offering Spurring New Growth

A Seattle metro area based biotechnology company called Seattle Genetics has increased the amount of stock it is offering for sale to the public. Initially, Seattle Genetics held a public offering in the amount of $480 million dollars in stock. Now the company has exercised its over allotment option, allowing it to raise even more capital. The over allotment option expands the company’s initial public offering to over half a million dollars at $552 million total.

Clay Siegall of Seattle Genetics said the reason why the company expanded its initial public stock offering was because of the massive interest from investors. The CEO and co-founder of the biotech company said that much of the capital would go to research and development of new drugs currently in the company’s pipeline. Capital would also go to finding alternative uses for its patented drug called Adcetris.

Mr. Siegall also added that some capital would go towards expanding the company. What he means is that the firm is expected to grow. Dr. Siegall projects that Seattle Genetics will hire close to 100 people per year in the next few years. The amount of employees should reach about 1,300 in five years, he projects. The company is also in the hunt for additional research and lab space. As the company grows, Clay Siegall says more infrastructure and space will be required to keep up with growth.

Clay Siegall co-founded Seattle Genetics in 1998 and is now the chief executive officer of the firm. He also serves on the board of directors at three other biotechnology firms. These are Mirna Therapeutics, Inc., Ultragenyx Pharmaceutical, and Alder Biopharmaceuticals Inc. He has studied zoology at the University of Maryland and later genetics at the The George Washington University.

In 2012, Clay Siegall received the Ernest & Young Award for the Pacific Northwest Entrepreneur of the year award for his work with Bothell, based Seattle Genetics. Dr. Siegall has also worked at the Bristol-Myers Squibb Pharmaceutical Research Institute for seven years. Additionally, he has held a post at the National Cancer Insitute which is part of the National Institute of Health for three years.

Wisconsin National Guard Activated By Governor Scott Walker

Wisconsin National Guard, activated by Governor Scott Walker, is assisting the Milwaukee Police handle outbreaks of civil unrest over the weekend. The unrest in the Sherman Park section of Milwaukee is in response to a shooting incident involving an armed assailant and a Milwaukee police officer. After meeting with Milwaukee Mayor Thomas Barett, Sheriff David Clarke, Jr. asked the Governor for the National Guard deployment.

Calmness prevailed over the troubled neighborhood Sunday morning, after an evening or arson on businesses, automobiles, and sporadic gunfire. As dawn broke Sunday morning, residents and onlookers roamed around and drove by the intersection of North Sherman Boulevard and West Burleigh Street.

Adding to the crowd of the curious, volunteers arrived to clean up litter and building debris from the civil unrest. Many crossed into cordoned off areas by the police and were then escorted quickly out of the fire damaged service station. They resumed collecting trash throughout the surrounding blocks.

Mark Hale, stopped his vehicle and started picking up trash on his way home from work. He commented, “Instead of being part of the problem, I wanted to be part of the solution, I figured if I started picking up trash, other people might do the same.” A lifelong city resident blames the arson on jobless outsiders. An ardent support of the Milwaukee police department, Hale has four children, three of which are in law enforcement.

Edward Flynn, Chief of the Milwaukee Police Department, identified the armed assailant as Sylville K. Smith, age 23, at a Sunday press conference. The shooting, recorded by an officer’s body camera, shows a gun in Smith’s hand, pointed at the officer.

Laidlaw & Company Is Implicated In a Defamation Case by Relmada Therapeutics

Relmada Therapeutics has recently filed a lawsuit against Laidlaw & Company. Relmada is a pharmaceutical firm that focuses in production of novel therapies for the treatment of chronic pain. The new motion aims at piling more charges against Laidlaw as a result of breach of duty owed to the clinical firm. Furthermore, Relmada seeks financial damages arising from costs incurred responding to defamatory statements.

The Nevada court issued an injunction against Laidlaw’s directors, James Ahern and Matthew Eitner from disseminating misleading information. The plaintiff is of the opinion that Laidlaw must reimburse the company for damages suffered. Furthermore, Laidlaw should restrain from damaging the reputation of the firm in future.

Business Relationship between Laidlaw and Relmada

Laidlaw has served as the firm’s main investment banker since 2011. Furthermore, the company also served as a financial consultant in Relmada’s merger with Camp Nine, Inc. This partnership led to the inception of Relmada as a public company. As the relationship progressed, the two enterprises discussed the possibilities of attracting new sponsors. However, poor interactions with investors and a botched road show performance led to the termination of further business talks.

The current standoff between the two firms can be traced back to a disagreement on the election of Relmada Board directors. Misleading information from Laidlaw has significantly affected the company’s reputation in all aspects. It is high time they are penalized for their wrongdoing.

Laidlaw is plagued by a long list of aggrieved customers from various Counties. For instance, the company received more than 60 customer complaints for damages between 2007 and 2009. In addition, the firm failed to implement procedures and policies pertaining to rules about anti-money laundering.

About Laidlaw & Company

Laidlaw & Company is a brokerage and investment firm that offers venture advice to influential personalities and corporations. Headquartered in New York, the firm operates locally and in the U.K. Future plans are in place to open subsidiaries in other countries. Laidlaw focuses in divestitures, financial restructuring, acquisition financing and public offerings.

I strongly believe that Laidlaw should hold unscrupulous employees accountable for crimes committed. It is advisable to employ individuals of good character in an effort to promote integrity within the workplace.

Man Feeds Baton Rouge Flood Victims

Those who live in the Baton Rouge area of Louisiana have been overwhelmed with flooding recently. Several have lost their lives and thousands have been displaced and may have permanently lost their homes. One man, Christian Dornhorst, was not affected by the flooding but decided to spend his day giving back to those who were, according to the article posted on the Washington Post Online.

Dornhorst said that he got to work on Monday morning and felt in his heart that he needed to do something to help the flood victims. His boss let him take the day off to do so. He, along with his wife and daughter, went to their local Sam’s and purchased more than $850 worth of brisket. In fact, they bought all the brisket the store had available with their own funds. Then they got to work. By noon they had all the brisket in their smoker, but were still unsure where they could set up. A local business sent them in the direction of the Celtic Media Centre, a film studio where “True Blood”, “The Fantastic Four”, and other hits had been filmed. The studio was turned into a makeshift shelter for those displaced by the flood.

Dornhorst and his family served food to those at the shelter until every bit of what they brought was gone. The 108lbs of brisket that the family smoked was gone in just 20 minutes. Organizers for the shelter asked Dornhorst if he would be able to return the next day to help with relief efforts. He put in a request with his boss, and even asked if his company might sponsor the next round of brisket.

The Legacy of Stephen Murray Continues to Flourish Even After His Death

Steve Murray was a principled executive, an investing genius, and a terrific dealmaker. He was one of the pioneers who oversaw the spun out of CCMP Capital from JP Morgan Partners. After serving as a junior employee and President of CCMP since 1989, Murray left his position in 2015 a month before his death. The company referred to his high profile exit as “health-related” reasons.

Stephen Murray’s impact in the society

The demise of Stephen Murray continues to shake many people, especially those who knew the roles he had played in redefining the corporate sector on and making the world a better place. However, even after his death, his contributions to the business and philanthropy worlds are still noticeable. He was an active supporter and donor of Metro New York-based Make-A-Wish Foundation. His main intention was to ensure economically disadvantaged children could access quality education and become better persons in the society on Patch. Other beneficiaries of his philanthropic support include the Stamford Museum, Columbia Business School, and the Fairfield County-located Food Bank.

Academic accomplishments

Steve Murray treasured education a lot and believed it had played a significant role in his success in both philanthropy and business arena. He leveraged his economic knowledge acquired from pursuing a degree in economics at the prominent Boston College to help his firm invest wisely and manage its finances. Murray was an alumnus of the Columbia Business School where he received a degree in the field of business administration.

Career breakthrough

Steve Murray started his business career by enrolling in the Manufacturers Hanover Corporation Training Program as a beginner in credit analysis. Later on, he became part of MH Equity Corporation that joined the private equity group of Manufacturers Hanover with its commercial unit. In 1991, Chemical Bank bought Manufacturers Hanover while MH Equity combined with Chemical Venture Partners. In 1996, Chase Manhattan Corporation combined with Chemical Bank while Chemical Venture Partners changed its name to Chase Capital Partners. In 2005, Stephen Murray ascended to the helm of JP Morgan Partners’ buyout business. In 2006, he led the separation CCMP Capital comprised of growth equity and buyout group from JP Morgan Chase. Murray became the CEO and President of CCMP in 2007.

Although CCMP Capital remorse his passing, the firm is equally happy with Steve Murray’s contributions, especially the development of an excellent portfolio. Under his leadership, the company created a broad base of loyal clients. The company can now handle complex transactions and oversee major buyouts thanks to the leadership and deal-making skills that Murray passed down to his employees.

Chicago Teachers Pension Overpays Some Retirees

The State of Illinois and City of Chicago are both well known to have some level of financial distress. According to a recent news article (, part of this issue could be due to mismanagement of funds in the various pension programs that the city and state sponsor.

The Chicago Teachers Pension Fund, which is one of the largest pension programs in the country, has reportedly been overpaying teachers out of the pension program. In recent years, the managers of the fund have reportedly overpaid retired teachers a total of $2.8 million. The overpayment was related to the misinterpretation by fund managers of laws that were enacted in 2012 that changed the way that the vesting dates of some former teachers were calculated.

In total, the school system and pension program believe that about 250 different retired teachers received benefits that they were not supposed to receive. The teachers that received the excess pension proceeds earn between $50,000 and $217,000 from pension income and the average teacher received about $12,000 in excess over the two year period.

At this point it is not yet determined how or when the pension program will be able to recoup the money that they lost. It is assumed that the teachers that received the pension income will be paying the money back over a certain period of time through either a lump sum payment or by received reduced benefits for several years. The issues that resulted in the overpayment have reportedly been fixed and cleared up by all parties involved and the city is also considering putting forth a more detailed plan of how to recoup overpayments should a situation such as this arise again.

Urban Fodder