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Members United Connection |
| July 30,
2008 |
10:00 a.m.
to 11:00 a.m. CST |
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Web Session
(Detailed instructions will
be provided upon registration)
Workshop Fee:
THERE IS NO FEE, however registration is required. If you have any questions, please feel free to call Karyn Conrad at 1.800.782.2431, extension 2694
or email karyn.conrad@membersunited.org.
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.Topics to be discussed: |
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Investing In a Rising Rate Environment |
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Speaker:
Daniel McIntyre
Senior Director
Investment Services
Balance Sheet Solutions, LLC
view full details >
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| Jumbo CDs as a Viable Investment Alternative |
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Speaker:
John Almeida
Director, Financial Product Sales – New England
Balance Sheet Solutions, LLC
view full details >
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| Investing In a Rising Rate Environment |
In the eight month period, from September 2007 to April 2008, the Federal Reserve lowered their overnight target from 5.25% to 2.00%. Recently senior Fed officials, including Fed Chairman Ben Bernanke have publically stated that they are not likely to push rates any lower. The fed funds futures market has reversed course and is pricing in a series of Fed tightening moves anticipating a 3.00% fed funds rate by February of 2009. How should a portfolio manager adapt to this environment to ensure that the credit union’s portfolio continues to support their balance sheet?
Speaker
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Daniel McIntyre
Senior Director,
Investment Services
Balance Sheet Solutions, LLC |
As Senior Director, Danny's primary focus is on helping member credit unions build investment portfolios that complement the operation of their credit union.
Danny began his career at the First National Bank of Commerce in New Orleans, where he traded money market securities and managed the bank's short-term portfolio. He went on to run the mortgage-backed trading desk at Howard, Weil, Labrouise, and Fredrichs, a regional brokerage firm in New Orleans. He then went to Dallas, Texas, to manage the taxable bond-trading desk for Principal Financial Securities. Later he went on to serve as their Financial Advisor for institutional accounts and high net worth individuals.
Danny attended Loyola University and Delgado College in New Orleans. He completed his studies at Tulane University. In addition, Danny holds his Series 7, 24 and 63. |
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| Jumbo CDs as a Viable Investment Alternative |
Credit unions, large and small, continue to look for ways to add diversification and yield to their investment portfolio, while maintaining a high level of safety and soundness. One way to meet this goal is to incorporate Jumbo CDs into an overall investment strategy. SimpliCD is a certificate of deposit program that enables credit unions to invest substantial funds in federally insured CDs without the hassles, time and expenses of investigating potential issuers and purchasing CDs on your own. This session will provide a brief overview of the program, and will focus on several strategies that have proven successful for many of our credit union members.
Speaker
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John Almeida
Director, Financial Product Sales – New England
Balance Sheet Solutions, LLC |
As Director, Financial Product Sales, John's primary focus is on helping member credit unions in the New England area build investment portfolios that complement their operations and balance sheets. John has been in the financial services industry for six years, with experience in the fixed income and equity markets, servicing both retail and institutional clients. Prior to joining Balance Sheet Solutions, John was with CU Investment Solutions, Inc., and prior to that he served as the Senior Investment Representative with Credit Union Brokerage Services.
John holds a B.A from the University of Vermont, and his M.B.A. from Boston College. In addition, he holds his Series 7, Series 24, and 66.
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