The good, the bad, and the BBB

NexBank is a local bank in the Dallas, Texas area. I have been reviewing them to see what they are all about. In looking at several different sites I was able to come across some good things and some bad things. Let me start off by saying that NexBank does seem to want to help out their community, which is a great thing. What I am unsure of is if they are helping out the community out of the kindness of their heart or if they are doing just for the recognition. I did find where they were pretty open about the fact they had donated some money to help out the families of officers that were hurt in the line of duty. Now the fact that they are so open about makes me feel like they just want people to think they care about their community but who knows what the real truth is. According to their website, they want to be your preferred wholesale lender. They state they are willing to partner with you and offer you several different things like a Scenario Pricer, friendly and knowledgeable staff, and a business that is supposedly paperless. These all seem like some great qualities to NexBank and things you would expect to find when looking at different places like NexBank. The last thing I want to talk about is the BBB. NexBank states on several different pages that they are very happy with their B+ rating. However, after looking them up on the BBB, I have found out two things. The first being that there rating is a B- not the B+ that they are so happy about. The second and most disconcerting thing is that they are not even BBB accredited. Now if you were so happy about your B+ rating don’t you think you would want to be Accredited and to actually have that B+ rating?


An Intro to Investment Banking and Entrepreneur Martin Lustgarten

When it comes to the overall economy one of the fields that has a significant impact on it is investment banking. This is a field where large firms known as investment banks help a number of companies find ways to raise capital, issue new stock and also merge or acquire other ones. Therefore investment banking has a very positive and considerable impact on the business world as well as economic events. In investment banking a number of things can be achieved such as helping companies expand, offer more products and services, retain or create jobs and also help companies avoid going bankrupt. Therefore investment banking is one of the more beneficial fields in terms of helping make the economy better.

Investment banking consists of a number of departments and positions that lead to completing deals and serving clients. The most common department is corporate finance which involves analysis and merger and acquisitions. In this department there are professionals such as analysts to go over numerical data, associates who supervise analysts and meet with clients, and vice presidents who actually meet with clients and complete the deals. Another key department is research which entails a finance professional who gathers a lot of information about industry and economic trends. This professional will then relay the information to the analysts, associates, vice presidents and managing director. Lastly there is the sales and trading department which has traders who buy and sell securities for clients.

As well as there being large investment banking firms that work with major companies, there are others that are small and work with individuals. One of these types of firms is managed by an individual named Martin Lustgarten. He is currently the founder and chief executive officer of his finance firm and helps a number of clients such as businesses and individuals. Martin works with small to medium sized businesses and helps them get the capital they need to start up or expand. Lustgarten also helps these clients out by giving them advice on how to best manage their finances .

One of the most significant parts of Lustgartenā€™s firm is working with individuals. Martin spends much of his time helping people find ways to reach their financial goals. On a regular basis he will advise them on what to invest in as well as how they can save up for things such as retirement. He spends a lot of time researching market trends and investment options so that he can recommend some of the best ones available to his clients. With his assistance, Martin is able to help a number of individuals best allocate their financial resources and establish financial security for the future.

Twitter: @mlustgarten2