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 the northeastern United States from offices in Long Island, New York City, Western New York, the Hudson Valley and New York’s Southern Tier. The firm is owned by its two principals, Richard Tortora and Michael Neumeister.

CMA professionals assist jurisdictions with the planning and issuance of notes, bonds and lease financings 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 escrow accounts and generally provide thoughtful and sound advice on a wide variety of financial issues affecting our clients.

In 2011, CMA served as Financial Advisor on over 350 note, bond and lease financings with a total par amount of over $4 billion. Collectively, our staff offers over 150 years of experience serving the financing needs of municipalities in New York State and New England.

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.