As with all such decisions after nearly thirty years of practice, there were several factors. The basic elements were the increased regulatory burden imposed by the Dodd-Frank Act together with my coming septuagenarian years. Running a sole member advisory practice under the new regulations would be economically challenging, but running one for only limited time is simply not viable.
Moreover, this will leave my client base with continuity in service with a highly competent group already familiar with Northern New England public finance, and in many cases, individual clients.
I have had working relationships with the professionals at Echo over many years. Rob Bahara acted in an underwriter role with many transactions. Mike Garner negotiated and successfully renegotiated many swap transactions, including those stressed during the 2008-2009 financial collapse. Echo is expanding their general municipal financing advisory practice.
Echo was founded in 2007 as a specialist providing independent derivative advisory services to not-for-profit, corporate and governmental issuers subsequently expanding to provide a full range of financial advisory services. Since its inception, Echo has successfully completed $7 billion in financings on over 220 transactions. The integration of the firms will commence immediately with clients continuing to receive the high level of service they have come to expect from both firms. Terms of the acquisition will not be released.
Please take a moment to visit their website: www.echo-fp.com
Lastly, I want to spend more time on personal matters and pro bono contributions to projects of my choice, especially locally.
Please feel free to give me a call. My number and location will remain the same. However, my email will change to email@example.com
********Echo Financial Products, LLP