Kevin Stemberger
Kevin has nearly 22 years of trading experience in the wholesale fixed income market.  While at J. W. Korth & CO., he developed working relationships with the broker/dealer community and has personally developed markets wherever he perceived value.  In the mid 1980’s, he educated regional dealers about the value in foreign denominated debt issued by US corporations and developed a retail market in those securities.  In the late 1980’s, he was part of a small team that developed the first best efforts offerings of retail corporate debt.  He successfully manages client portfolios by concentrating on secondary debt issues as well as the equity markets.  Besides trading, his talents include underwriting, portfolio analysis, the equity/mutual fund markets and the currency market.

Arthur Frasca
Arthur has worked in a trading capacity for 24 years, including 18 years with J. W. Korth & CO. He and Kevin developed a bond distribution network of regional broker/dealers and provided it with products.  This mostly involved the pricing, marketing and clearing of corporate bonds.  In the late 1980’s, he was part of a small team that developed the first best efforts offerings of retail corporate debt.  He has continued to streamline this process and maintain strong relationships with the dealer community.  He has successfully managed client portfolios by concentrating on secondary debt issues and other areas where value exists.  Besides trading, his talents center on underwriting, operations and marketing.

Todd DeMand
Todd has over 15 years of securities industry experience, focusing on financial, operational and regulatory matters.  Todd worked over 9 years at J.W. Korth & CO as the financial and operational principal, responsible for the books and records, regulatory examinations and filings, annual audits, compliance matters and back office operations.  He was also heavily involved in the operational aspects of the retail bond offerings that the firm managed.  Todd also worked over 3 years at H&R Block Financial Advisors (“HRBFA”) as the Assistant Controller.  He was responsible for the financial books and records, regulatory reporting, regulatory and internal audits, and management of up to 15 staff for HRBFA, a broker-dealer with 1,000 financial advisors and 360 branch offices.