462 Herndon Parkway, Suite 205 , Herndon, VA 20170
Phone: 703-435-2777 | Fax: 703-787-0111
Website: Financial Commodity Investments
E-mail: info@financialcii.com
- FINANCIAL COMMODITY INVESTMENTS (FCI) – Alternative Investments/Managed Futures blog
March 8th, 2010
FCI Recent Trade – Japanese Yen Futures Options – Recent Expiration
March 10th, 2010By Jamie Walters of FCI
Wednesday, March 10, 2010 @ 4:59 PM EDT.
The Japanese Yen futures option contract expired on March 05. The March 05 close on the JY Mar futures contract was .011079. Today, March 10, the dollar rose against the yen with the Mar JY futures contract down 0.67%. The contract is now trading at .011042 as of 3:54 PM EDT.
In the OSS portfolio, we had written options on the March JY futures contract back in February. The options expired worthless, allowing us to collect the entire premium for customer accounts (less commissions and transactions costs).
As a reader or potential client, know that past performance is not necessarily indicative of future results.
In the CPP portfolio, we had entered into a similar, yet hedged position on the March JY futures options contracts. This trade also proved successful for our clients, allowing us to collect the entire premium for customer accounts (less commissions and transactions costs).
Let’s talk about some risks in trading commodities.
IN CONSIDERING WHETHER TO TRADE OR TO AUTHORIZE SOMEONE ELSE TO TRADE FOR YOU, YOU SHOULD BE AWARE OF THE FOLLOWING:
IF YOU SELL A COMMODITY OPTION, YOU MAY SUSTAIN A TOTAL LOSS OF THE INITIAL MARGIN FUNDS AND ANY ADDITIONAL FUNDS THAT YOU DEPOSIT WITH YOUR BROKER TO ESTABLISH OR MAINTAIN YOUR POSITION. IF THE MARKET MOVES AGAINST YOUR POSITION, YOU MAY BE CALLED UPON BY YOUR BROKER TO DEPOSIT A SUBSTANTIAL AMOUNT OF ADDITIONAL MARGIN FUNDS, ON SHORT NOTICE, IN ORDER TO MAINTAIN YOUR POSITION. IF YOU DO NOT PROVIDE THE REQUESTED FUNDS WITHIN THE PRESCRIBED TIME, YOUR POSITION MAY BE LIQUIDATED AT A LOSS, AND YOU WILL BE LIABLE FOR ANY RESULTING DEFICIT IN YOUR ACCOUNT. UNDER CERTAIN MARKET CONDITIONS, YOU MAY FIND IT DIFFICULT OR IMPOSSIBLE TO LIQUIDATE A POSITION. THIS CAN OCCUR, FOR EXAMPLE, WHEN THE MARKET MAKES A “LIMIT MOVE.”
What is a limit move? A limit move is the largest amount of change that the price of a commodity futures contract is allowed to undergo in a single trading day. It is not possible to trade a futures contract at a price either above or below the futures contract price after a limit move. The limit price is set by the exchange on which the futures contract trades.
Also know that the PLACEMENT OF CONTINGENT ORDERS BY YOU OR YOUR TRADING ADVISOR, SUCH AS A “STOP-LOSS” OR “STOP-LIMIT” ORDER, WILL NOT NECESSARILY LIMIT YOUR LOSSES TO THE INTENDED AMOUNTS, SINCE MARKET CONDITIONS MAY MAKE IT IMPOSSIBLE TO EXECUTE SUCH ORDERS.
Finally, a “SPREAD” POSITION (as we had executed for the Mar Japanese Yen trade in the CPP portfolio) MAY NOT BE LESS RISKY THAN A SIMPLE “LONG” OR “SHORT” POSITION (which we entered into for the Mar JY trade in the OSS portfolio).
Stay tuned for my next FCI position analysis…
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
Q&A – Responding to a question on my previous post – “How Do We Calculate Management and Incentive Fees …”
March 10th, 2010By Jamie Walters of FCI
A subscriber has written the following response to my ealier blog on how we calculate management and incentive fees in OSS and CPP. He writes “Thanks for the effort in explaining this but where did the $42 go in the CPP example? How can the starting balance in month 2 be $51,875 if the $42 was debited from the account? Is it actually billed in arrears? Definitionally, isn’t “account equity” less all manner of fees including management fees? Perhaps I have missed something here.”
Please refer to the original blog. My response to the subscriber follows:
Good question. The management fee is not billed in arrears. The management fee is billed on the first day of the month. For example, the February management fee is billed on the first day of February.
How can the starting balance in month two be $51,875? We calculate the monthly return based on the end-of-month account balance, which we refer to as the previous period’s ending net asset value (ENAV). All performance information is calculated on an accrual basis of accounting in accordance with generally accepted accounting principles. The beginning net asset value (BNAV) for the period shall represent the previous period’s ending net asset value (ENAV).
For an account that has just opened, we calculate the monthly return based on the BNAV. We do not subtract out the management fee that is billed on the first of the month to arrive at the BNAV. However, the ENAV for the first month will have the management fee deducted from it.
So in the CPP example that you are referring to in the blog, we calculate a 5% return before incentive fees as ($52,500 – $50,000) / $50,000. The account started with a $50,000 balance. This is the BNAV. The account ended with a $52,500 balance before incentive fees. That is how in the example, we have ($52,500 – $50,000) / $50,000. The $52,500 reflects the management fee that has been debited at the beginning of the period.
From $52,500, we debit the incentive fee for the period. In the example, the incentive fee was $625. This leaves a balance of $51,875 (=$52,500-$625), which is the ENAV.
By definition the ENAV for the period shall represent the BNAV plus or minus additions, withdrawals and redemptions, and net performance. Additions include both voluntary and involuntary additions. Withdrawals include both voluntary and involuntary withdrawals. Redemptions include both voluntary and involuntary redemptions. The net performance for the period represents the change in the net asset value net of additions, withdrawals, redemptions, fees and expenses.
Also, be aware that the return to the client is calculated as (ENAV – BNAV) / BNAV. In our hypothetical example, the return to the client is 3.75% (= $51,875 – $50,000) / $50,000, whereas the return before incentive fees was 5%. Just to be clear, the client would have seen a return of 3.75% net of all fees, not a return of 5%.
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
How Do We Calculate Management and Incentive Fees in the OSS and CPP Programs?
March 5th, 2010By Jamie Walters of FCI
Friday, March 05, 2010 @ 5:37:17 PM EDT.
In the Credit Premium Program (CPP), the fee structure is as follows:
| Management Fee: 1% |
| Incentive Fee: 25% |
__________________________
Consider the following example for CPP.
Start Date: First day of the month.
Initial account value: $50,000
On the first day of the month we take a management fee of 1/12 of 1% from the beginning of the month account balance of $50,000. Thus, FCI would take $42.00 for management fees from a $50,000 funded account. This management fee is for the starting month.
Let’s say that the monthly return for CPP before incentive fees is 5%, for example. This means that the account value has grown by 5% from $50,000 to $52,500 by the start of the next month before incentive fees. Just to be clear, a 5% monthly return before incentive fees is calculated as:
($52,500 – $50,000) / $50,000, and not as ($52,456 – $49,958) / $49,958. In other words, the beginning-of-month account balance used in calculating the return for the month is not net of the management fee that is withdrawn at the beginning of the month.
On the beginning of the second month, we would take 25% of the profit added to the account from the prior period as incentive fees. Thus, we would collect $625 (= 25% of $2,500) on the beginning of the second month as incentive fees. This leaves the client account at an opening balance of $51,875 (= $52,500 – $625.00) for the first day of the second month.
On the first day of the second month we take a management fee of 1/12 of 1% from the beginning of the month account balance of $51,875. Thus, FCI would take $43 for management fees from a $51,875 beginning-of-period account balance on the first day of the second month. This management fee is the management fee for the second month.
The balance of $51,875 for the start of the second month is the new high-water mark for the account as of the first day of the second month. This means that FCI will not collect any incentive fees from the account at the end of the second month (first day of month three) unless the ending account balance on the last day of the period is above the high water mark of $51,875.
Note that in this example, the account experienced no additions or withdrawals of funds by the client. In addition, the account was started at the beginning of a period; in this case, at the beginning of the first month, and thus, no time-weighting is involved.
In the Option Selling Strategy (OSS), the fee structure is as follows:
| Management Fee: 2% |
| Incentive Fee: 20% |
Consider the following example for OSS.
Start Date: First day of the month
Initial account value: $50,000
On the first day of the month, we take a management fee of 1/12 of 2% from the beginning of the month account balance of $50,000. Thus, FCI would take $83.33 for management fees from a $50,000 funded account. This management fee is for the first month.
Let’s say that the monthly return for OSS before incentive fees is 5%, for example. This means that the account value has grown by 5% from $50,000 to $52,500 by the start of the second month before incentive fees. Just to be clear, a 5% monthly return before incentive fees is calculated as
($52,500 – $50,000) / $50,000, and not as ($52,412.50 – $49,916.33) / $49,916.33. In other words, the beginning-of-month account balance used in calculating the return for the month is not net of the management fee that is withdrawn at the beginning of the month.
On the beginning of the second month, we would take 20% of the profits added to the account from the prior period as incentive fees. Thus, we would collect $500 (= 20% of $2,500) on the first day of the second month as incentive fees. This leaves the client account at an opening balance of $52,000 (= $52,500 – $500.00) for day one of the second month.
On the first day of the second month, we take a management fee of 1/12 of 2% from the beginning of the month account balance of $52,000 Thus, FCI would take $86.66 for management fees from a $52,000 beginning-of-period account balance on the first day of the second month. This management fee is the management fee for the second month.
The balance of $52,000 for the start of month two is the new high-water mark for the account as of the beginning of month two. This means that FCI will not collect any incentive fees from the account at the end of month two (on day one of month three) unless the ending account balance on the last day of the period is above the high water mark of $52,000.
Note that in this example, the account experienced no additions or withdrawals of funds by the client. In addition, the account was started at the beginning of a period; in this case, at the beginning of the month, and thus, no time-weighting is involved.
Be advised that because FCI receives Incentive Fees, it may be inclined to trade in a more speculative manner than if it received only a percentage-of-assets fee. Please refer to the disclosure documents for either OSS or CPP for more information at http://www.financialii.com/financial-commodity-investments/disclosure-document.html
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
Futures Magazine’s “Top Traders of 2009″
February 26th, 2010
Futures Magazine’s “Top Traders of 2009″ includes a familiar face.
Congratulations to Craig Kendall and the trading team at FCI for being recognized by Futures magazine as one of the Top Traders of 2009! See article preview below:
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It is no surprise that Financial Commodity Investments’ (FCI) Credit Premium Program (CPP) did well in 2009 — most option writing programs had a good year — but it was also up in 2008, making it quite unique. FCI President Craig Kendall is a certified public accountant and longtime investor with a pretty good sense of timing. He exited real estate in 2006 and took profits in equities before the dotcom bubble burst.
As an accountant who had helped take a couple of companies public, he was amazed at the valuations he was seeing in the late 1990s and knew he needed to diversify his holdings.
In the early 2000s, he opened an account with famed option writer Max Ansbacher and became a protégé of his. What struck Kendall about the strategy after a conversation with Ansbacher was its simplicity, so he went about creating his own advisory.
“First of all, in futures you have increased leverage and if you take some risk, the returns can be commendable but managing the risk is ever so important, especially in options writing. I don’t need to tell you that a lot of the competition is not around today,” Kendall says.
So in 2003 he became a registered CTA and investment advisor. He launched his Options Selling Strategy (OSS) in 2004 and the CPP in 2006. What distinguishes both of his programs is that they trade a diversified group of markets instead of concentrating on equity indexes as most options writers do. Each program has roughly $10 million under management.
“There were a lot of options writers out there and I thought why not take the same strategy and diversify it across different commodities,” Kendall says. “With this strategy we are really a short volatility play and there are times when the volatility on the S&P doesn’t warrant doing credit premium selling because the risk/return just isn’t worth it. But by doing the extra research and finding the volatility opportunities amongst various commodities [we find opportunities] to make good trades that can be a lot less risky than doing the S&P.
The OSS then and now, what’s the difference?
February 25th, 2010
This is a great question continually asked by prospective clients, which is understandable given the recent stability of the OSS program. We had a draw-down in October 2008 which was the same month the S&P had a significant decline. Since then, we’ve made a number of changes to hedge against the impending risk. Here’s the difference:
We’ve implemented several proprietary indicators that give us an advance signal of a potential increase in volatility guiding us to when we should enter or exit a trade. A good example of this “signal” at work was in a recent US Bonds trade.
Immediately after getting involved in the bond market with a short 113 put, the market sure enough started dropping. As we got the signal from our proprietary indicators of an eventual washout, we exited the trade with a loss of $50 per contract just before the bottom fell out. We didn’t necessarily know the market was going lower but what was forecast, via our indicators, was that the volatility was going to continue to increase resulting in an unfavorable scenario for option sellers.
Needless to say, a top rule of thumb for us is to be in markets with existing, above average volatility and not be in markets with average, but increasing volatility. Thus, by consistently monitoring the markets we’re involved with to see if they’re at a possible short term peak of experiencing above average volatility, it will help us determine whether we get in and/or out of a trade.
Hopefully this answers the question.
Past performance not necessarily indicative of future results.
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
FCI Recent Trade – March Silver Futures Options
February 24th, 2010By Jamie Walters of FCI
Wednesday, February 24, 2010 @ 6:45 PM EDT.
Silver futures settled in positive territory. The metal was up along with rising equities and gains in the wider commodities market. Comex March silver gained 3 cents, or 0.19%, to settle at $15.97 per troy ounce.
In the Option Selling Strategy (OSS) portfolio, we were short $27.50 and $28.00 March call options on Mar silver futures. These options expired worthless today, allowing us to collect the entire premium for customer accounts (less commissions and transactions costs).
For a client with the minimum $50,000 investment in the OSS program, he or she will be realizing a return of about one-half a percent (before fees and transaction costs) on his or her $50k investment. Past performance not necessarily indicative of future results.
In the Credit Premium Program (CPP) portfolio, we had entered into a 26/30 short call spread on March silver futures options, which, again expired today. Since these options also expired worthless, this allowed us to collect the entire premium for customer accounts (less commissions and transactions costs).
For a client with the minimum $50,000 investment in the CPP program, he or she will be realizing a return of about 0.7 percent (before fees and transaction costs) on his or her $50k investment. Past performance not necessarily indicative of future results.
Stay tuned for my next FCI position analysis…
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
FCI Recent Trade – March Gold Futures Options in OSS and What Gold Futures are Doing Today
February 24th, 2010By Jamie Walters of FCI
Wednesday, February 24, 2010 @ 12:23 PM EDT.
Gold futures are down slightly amid options-related selling as participants mull various uncertainties in the market. In recent trading, April gold was down $3.80, or 0.34%, at $1099.40 an ounce on the Comex division of the New York Mercantile Exchange.
Market participants are also awaiting further details of International Monetary Fund gold sales, the latest on fiscally strapped Greece as well as a scheduled March meeting of the U.S. Commodity Futures Trading Commission to examine speculative trading in metals, says George Gero, vice president with RBC Capital Markets Global Futures. “You have a lot of imponderables,” Gero said. The CFTC on Tuesday set a March 25 public meeting to start examining if metals-market speculators should be subject to trading limits. Last week, the IMF said it will soon begin to sell 191.3 tons of gold, the remainder of the metal it had already earmarked to sell, to the open market instead of central banks. The China Daily reported on Wednesday, citing an unnamed official from the China Gold Association, that China was unlikely to buy 191.3 tonnes of gold being offered for sale by the International Monetary Fund.
Downward pressure is also coming to gold amid follow-through selling from gold options expiration, Gero said. As gold has declined in value, there has been a lot of activity around $1,100 options. In addition to options-expiration-related follow-through selling, gold may be under pressure on expectations of further gains in the U.S. dollar, even though the Dollar Index is down at the moment, said Bob Haberkorn, senior market strategist with Lind-Waldock. He sees gold pulling back to the $1,080 level.
On Feb. 23, March gold futures options expired, and FCI had two positions in gold call options in the OSS program. We were short Mar 1175 and Mar 1180 calls. The highest Mar gold climbed to was $1,126 on Feb. 19; both the 1175 and 1180 March call options expired worthless, allowing us to collect the entire premium from time decay for customer accounts (less commissions and transactions costs).
For an account in the OSS program funded with $70,000, just $20,000 more than our $50,000 minimum, a client would have seen a 0.686% return (before fees and transaction costs) on his or her $70k investment. Past performance not necessarily indicative of future results.
Stay tuned for my next FCI position analysis…
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
FCI Recent Trade Exit – April Natural Gas Futures Options
February 24th, 2010By Jamie Walters of FCI
Wednesday, February 24, 2010 @ 11:23 AM EDT.
Natural-gas futures fell further this past Monday, with futures for April delivery reaching a low of $4.86 a million British thermal units, pressured by expectations of reduced heating demand in the major gas-consuming regions as winter cold subsides. As of today, Wednesday, February 24, 2010 at 11:10 AM EDT, natural gas futures for April delivery are trading at $4.887 up .079 or 1.66%. Matt Rogers, a meteorologist with the private forecasting firm Commodity Weather Group, in Bethesda, Md., said the winter storm that was bearing down on the Northeast could bring cold winds to parts of the Northeast and the Mid-Atlantic later this week. This approaching storm is giving prices a boost this morning after natural gas prices have drifted lower earlier in the week.
Commodity Weather Group was at the end of last week predicting below-normal temperatures in the Midwest, Southeast, Great Lakes and South Central region through March 3 but normal to above-normal temperatures in the Northeast. It was forecasting above-normal temperatures in the Upper Midwest and Plains states from March 4 to March 8. The National Weather Service, meanwhile, was pointing to colder-than-normal temperatures in the central and southern U.S. from Feb. 27 to March 7, but normal to above-normal temperatures across the northern tier of the country.
“The focus is entirely on the end of winter, an increasing rig rate, and plenty of supply,” said Tom Orr, research director at Weeden & Co., a brokerage in Greenwich, Connecticut. The gas-rig total last week rose to 893, the highest level since March 6, Baker Hughes Inc. data show.
In essence, “weather becomes a factor, the market is oversupplied and demand is still weak,” said Fadel Gheit, director of oil and gas research at Oppenheimer & Co. in New York. “So far, we haven’t seen what we thought would be a significant decline in production.”
Thus, natural gas futures had been declining for over a week as of Feb. 23. “It is an often yearly ritual, with traders discounting the end of the heating season in the middle and end of February,” wrote Peter Beutel, president of Cameron Hanover, a New Canaan, Conn., energy advisory company, in a note to clients on Monday.
At FCI in both our OSS and CPP programs, we had entered into a 4.50/4.15 short put spread late last week when natural gas futures for April delivery were trading at 5.30. We obviously believed that the downside to natural gas is limited as most of the supply overhang has been eliminated from the market. Moreover, if we get a colder than expected March, we could see prices go up once again.
Our stop loss parameter for this trade was a close below $5.00, which we believed was a good support level. On Monday, the markets not only opened up with a gap down but also continued to slowly erode in value. Since our stop loss parameter was triggered, we decided to close out this position by entering into an opposite spread trade to further limit any potential for losses. In managing an option selling portfolio, the most important aspect of our trading strategy is to avoid taking big losses. With a strategy like OSS or CPP that is successful 80-85% of the time, our primary focus is on the 15-20% of trades that do not go our way. Thus, we decided that although April natural gas futures needed to fall another 8% from Monday’s low before going in the money, we are cutting them short. We shall let our winning trades take care of themselves. Overall, we lost about $400 per contract which is close to 1% of the account value. Past performance not necessarily indicative of future results.
Stay tuned for my next FCI position analysis…
FCI would like to bring to your attention that there are substantial risks involved in trading futures and options on futures. The high degree of leverage that is often obtainable in commodity trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in commodities may result in clients losing more than their original investment. Please consider carefully whether futures or options are appropriate to your financial situation.
One of D.C. Area’s Top Corporate Philanthropists
February 23rd, 2010
FOR IMMEDIATE RELEASE
Asset Management and Investment Strategy Firm Recognized as One of D.C. Area’s Top Corporate Philanthropists
Washington Business Journal names Financial Investments, Inc. (FII) its 7th most generous Washington, D.C. area business.
Washington, D.C. / Craig Kendall is the president and CEO of a multi-million dollar asset management and investment strategy firm in Herndon, Va. In the last two years, he’s helped lead his company, Financial Investments, Inc. (FII), through one of the worst recessions in the last century and has earned numerous awards for the remarkable growth FII has achieved despite the tough economic climate.
When the Washington Business Journal named FII its 7th most generous Washington, D.C., business, however, Kendall says the honor trumped all the others.
“Giving back to the community has always been very important to us here,” says Kendall. “We are fortunate that our business continues to do well, and one of our stated missions here is for our employees and our company to really give back to the community both in terms of service and monetary contributions.”
This is the second straight year FII has made it into the top ten on the business publication’s esteemed “Corporate Philanthropists” rankings. The WBJ ranks D.C. metro area businesses in terms of local giving as a percentage of total revenue. Even in a difficult financial climate, the financial consulting company continues to work with nearly a dozen charities and non-profits, including the D.C. Central Kitchen, the Arts Council of Fairfax, and the American Heart Association.
“It’s easy to put the blinders on and focus on what goes on within your company’s four walls when times get tough,” says Kendall. “As a result, it’s been a difficult period for charities and non-profits. We know that. But we’ve never wavered from our commitment to the community, and that’s something I take a lot of pride in.”
Founded in 1997, FII is a registered investment management firm whose principal alternative investment programs consist of alternative investment products dealing with commodities, futures, equities, and equity indexes. The financial consulting company specializes in an alternative investment strategy that targets “Absolute Returns in an Uncommon Market.” As many of their competitors struggled, FII continued to earn an excellent reputation among its institutional and high net worth clients. FII features more than 300 institutional and individual clients located in 42 states and 26 countries, which demonstrates FII’s success as both a domestic financial consulting company and a trusted foreign investment firm.
Risk Discosure: There are substantial risks involved in trading options on futures and equities. The high degree of leverage that is often obtainable in options trading can work against you as well as for you. The volatile nature of the futures and high degree of leverage used in options may result in clients losing more than their original investment. Please consider carefully whether options are appropriate to your financial situation. Only risk capital should be used when trading options on futures and equities. Past results are not necessarily indicative or a guarantee of future results. Futures/options products are not suitable for all individuals.
For more information about Financial Investments, Inc., please visit www.Financialii.com.
About Financial Investments, Inc.: Financial Investments, Inc. (FII) evolved from the original accounting firm of Kendall & Company, CPA’s, and is a registered investment management firm whose principal alternative investment programs consists of alternative investment products dealing with commodities, futures, equities, and equity indexes. Founded in 1997, FII serves more than 300 institutional and individual clients located in 42 states and 26 countries. The Herndon, Va. based financial consultation and retirement planning firm has twice been selected to the Inc. 500|5000 list by Inc. magazine and to the Virginia Chamber of Commerce ‘Fantastic 50’ list of the state’s fastest growing companies.
Contact:
Craig Kendall
Email: ckendall@financialii.com
Phone: (703) 435.2777
Web: www.FinancialII.com
This press release was written by PRNewsChannel.com