Capital Markets
INSTITUTIONAL FIXED INCOME BROKERAGE
Fundamental Capital Markets primary FOCUS is to serve our institutional clients with proven and innovative fixed income strategies.
Fundamental Capital Markets (“FCM”) is the institutional fixed income division of Wunderlich Securities, Inc. (“Wunderlich”). FCM is nationally recognized and focused exclusively on providing value-added services to its institutional clients.
Our client base is comprised of banks, insurance companies, asset managers, pension funds, portfolio managers, municipalities, foundations and corporations.
HISTORY
Wunderlich Securities, Inc. (“Wunderlich”) was started in 1996 by Gary Wunderlich with eight employees in Memphis, TN to serve the investment needs of high net worth clients and the investment banking needs of middle market companies. Headquartered in Memphis, TN and with offices in Chicago, Houston, St. Louis, New York City, Great Neck and Mineola, today, Wunderlich has grown to more than 300 professionals serving the retail, institutional, and investment banking needs of its customers. During the firm’s rapid growth, the team at Wunderlich identified a growing need in the fixed income market place to provide value-added strategies, advisory and brokerage execution services to its growing institutional client base.
Accordingly, Wunderlich established Fundamental Capital Markets (“FCM”) in New York City in 2004. FCM has grown to become a recognized leader in the fixed income marketplace and is an important business unit of Wunderlich Securities, Inc.
BUSINESS DESCRIPTION
As a national fixed income capital markets leader, FCM conducts its business with qualified institutional clients. We always put our clients’ interest and objectives first and limit our activities to value-added brokerage services. Utilizing our customer and dealer relationships, which have been developed through years of sales and trading expertise, FCM has the ability to access product from multiple sources. We offer all of our customers the highest quality execution services tailored to each customer’s unique needs.
We accomplish this through our focus on the following fundamentals:
ENHANCING LIQUIDITY—Regardless of the particular financial market, several factors affect market liquidity such as, issuer’s name, issuer’s credit rating, outstanding amount of the issue and the total amount of the issuer’s outstanding debt. FCM’s trading desk makes every effort to provide our customers with market quotes in all the securities that we transact business.
LOWERING COSTS—By collecting information from various dealers, FCM is able to access the liquidity available for a particular bond series. This function serves to make available a market value for often-illiquid securities and serves to lower search costs for our customers.
EXPERTISE—We provide our clients with access to our experienced trading personnel, which have the skills to work all orders discreetly and professionally.
ALIGNMENT OF INTERESTS—We transact business on an agency or risk-less principle basis; therefore, ensuring our clients that we will never be in a conflicting position as to their interests.
We offer our customers value-added services relating to Mortgage and Asset Backed Securities, U.S. Government and Government Agency Securities, and Corporate Bonds.
FCM clears all transactions through Ridge Clearing and Outsourcing Solutions, Inc. (“Ridge”). Pursuant to a Principal Letter issued to our accounts by Ridge, Ridge will act as principal on most (if not all) of our transactions.
PRINCIPALS
ROBERT V. GUBITOSI—President
DAVID J. HILL—Executive Vice President and Managing Director of U.S. Rates
TIMOTHY J. PAISLEY—Executive Vice President, Institutional Sales
JAY HOHMAN—Senior Vice President, Institutional Mortgage-Backed Sales
FRANK L. MARSICO—Executive Vice President, Sales Trading
ROBERT WILLIS—Senior Vice President, Sales Trading—Mortgage and Asset Backed