Capital Markets Advisors, LLC
Independent Financial Advisors
Capital Markets Advisors, LLC (“CMA”) is an independent financial advisory
firm serving the financing needs of jurisdictions throughout New York
State and New England from offices in Great Neck, New York City and Buffalo,
New York. The firm is internally owned by its two principals, Richard Tortora
and Michael Neumeister.
CMA professionals assist jurisdictions with the planning and issuance of notes,
bonds and lease financing to fund capital projects and cash flow needs. As
part of our comprehensive service, we plan and structure debt offerings,
prepare disclosure documents, assist in securing credit ratings and credit
enhancement, sell new money debt and refund existing debt via competitive
and negotiated sales, competitively bid out and restructure escrow accounts
and generally provide thoughtful and sound advice on a wide variety of
financial issues affecting our clients .
In 2008, CMA served as Financial Advisor on over 200 note, bond and lease
financings with a total par amount of over $2 billion.
Collectively, our staff offers over 75 years of experience serving
the financing needs of municipalities in New York State and New
England.
CMA professionals bring a wealth of experience and expertise
in all areas of public finance to our clients. Our team includes
a former bond attorney/banker, a former Deputy Finance Officer
for New York State's second largest city, a former Moodys
credit analyst and a former verification agent/Deputy City Treasurer.
CMA takes a team approach to financing services, with each individual’s
unique expertise contributing to our clients’ needs.
- We offer our clients
a team of well-trained, seasoned professionals with experience and
expertise in municipal accounting, banking, credit, finance, government,
law, quantitative analysis and school finance.
- We work with our clients
on a day-to-day basis, coordinating their individual financings with
their long-term goals.
- We analyze cash flow
statements and construction draw down schedules to best time and
size our clients’ cash flow and capital financing needs.
- CMA develops alternative
financing structures that include tax and budget impact analysis.
- We take a proactive approach
to dealing with the credit rating agencies. We work closely with
our clients to prepare rating agency strategies and presentations that
include presentation books and comparative analysis.
- We often hold rating
agency presentations at our New York City office which is conveniently
located across from Penn Station—convenient to Amtrak, the Long Island
Railroad and most subway lines. This takes away the ratings analysts’
“home court advantage” and allows CMA and the client to better control
the rating process.
- CMA represents its clients
in the selection of underwriters, Bond Counsel, and other service
providers, including Trustee, Escrow Agent and Verification Agent.
- CMA looks to establish long-term
relationships with our clients that enable us to best plan for their future
while being mindful of the past. Some of our relationships extend over 20
years.