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
was founded by Richard Tortora and Michael Neumeister in 2002. The firm is
currently owned by its two principals, Richard Tortora and Rick Ganci.
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 2017, CMA served as Financial Advisor on over 350 note, bond and lease
financings with a total par amount over $5.3 billion. In 2017, CMA was once again
ranked among the top 10 financial advisors nationwide by Thomson Reuters. Collectively, our
staff offers over 450 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 near 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