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Stern Brothers & Co.


Stern Brothers & Co. 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.
 
Morris and Sigmund Stern settled in Sioux City, Iowa, and began working at a department store. They quickly realized they needed to start their own business if they wanted to get ahead. The brothers developed a plan to buy large, inexpensive plots of land, which they divided into small parcels and sold to farmers. By 1917, they had accumulated $300,000 from their land deals. They used the money to found their investment banking firm Stern Brothers & Co. in Kansas City, Missouri, their hometown.

Stern Brothers & Co. Give these services to their clients they have raised several billion dollars to finance their clients' projects by acting as the managing underwriter or private placement agent for their bond offerings. Their sales force is capable of placing bonds privately or publicly and the decision on the route to the capital markets is based entirely on the needs and desires of the client. They are the investment advisor for several local governments and agencies in connection with their bond offerings and other financial needs. Their clients include the Health and Educational Facilities Authority of the State of Missouri, the University of Missouri System and the Missouri Housing Development Commission.

Stern Brothers has experience in the full range of credit enhancement vehicles to provide clients with the lowest borrowing cost available, including Letters of Credit Insurance, Company guarantees, Swaps and derivatives, Municipal bond insurance, Surety bond guarantees and Government backed securities. At Stern Brothers & Co., they have developed several innovative and creative ways to finance various projects.
 
It is not unusual for financial services firms to view their investment banking transactions as a vehicle to provide product for their sales force. This practice can often lead to business decisions that may be more beneficial to the firm than to the client. At Stern Brothers & Co., they create imaginative solutions based exclusively on finding the best financings for a client’s needs. Their sales force serves in a supportive role to assist with fulfilling a client’s financing requirements.  

 

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