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Home > Financial Services > Stock Brokers > Herbert J. Sims & Co. Inc.
Herbert J. Sims & Co. Inc.
Herbert J. Sims & Co. Inc. is a member of NASD, the National Association of Securities Dealers. NASD is a self-regulatory organization of the securities industry responsible for the operation and regulation of the NASDQ stock market and over the counter markets. It also administrates exams for the investments professionals, such as the series of 7 exams.
The firm experts in tax free municipal bonds. The firm serves as a leading investment banker for senior living facilities. Herbert J. Sims is more than an innovator in the Municipal Bond Field. The tax-free first mortgage revenue bonds have two potentially valuable characteristics for investors. First, the interest on the bonds is excluded from gross income from federal income tax, and, in most states, the bonds are also free from income tax in the state where the bonds are issued. Second, tax-free first mortgage revenue bonds have specific collateral generally a first lien on the project being financed and the revenues from that project. In addition, tax-free first mortgage bonds usually have specific business covenants to ensure that the project is being operated soundly.
In the corporate bond market, most bond issues are unsecured without collateral and without financial covenants. The difference between specific collateral and a general promise to pay can become quite astounding when storm clouds loom. Essentially it is the difference between being at that front of the line and the back of the line. If it comes to a distribution of assets, they all know where they want to be in line, and unsecured creditors are in next-to-last place.
Today, Sims is on the cutting edge of public project financing, with particular attention paid to filling the huge void in Senior Living Facilities as Baby Boomers reach retirement age. Sims is the consistent choice of leading Bond Funds and other financial institutions as well as other astute private investors. The reason for their confidence is concrete.
The bankers don’t simply push paper. Sims actually creates many of the bonds they sell, monitoring each project from the proposal stage to construction to ribbon cutting. That gives them a depth of understanding, control and troubleshooting ability that generalist brokers, without thousands of bonds to evaluate, simply can’t match.
With Sims’ experts doing everything financially and humanly possible to assure their bonds’ investment-worthiness, it’s no wonder their clients feel they can sit back and relax.
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