More financial news
Komisar Brady moves to Honey Creek Corporate Center
After years being located in a downtown Milwaukee office for more than 50 years, Komisar Brady & Co., LLP, today announced it has relocated to the Honey Creek Corporate Center in Milwaukee at 135 S. 84th St.
Komisar Brady moved out of its longtime location in the Clark Building at 633 W. Wisconsin Ave.
The expanded new office has 15,000 square feet of space.
“We had strong ties to downtown Milwaukee, including firm members, clients and other professional advisors. We considered many different professional offices. In the end, we decided that Honey Creek’s facility and office space was the best option for the growth of our firm and access for our clients, staff, and business affiliates,” the accounting firm said in an e-mail this morning.
Badger Meter board authorizes stock buyback plan
Badger Meter Inc. announced that its board of directors has authorized the repurchase of up to $30 million of the company’s common stock over a two-year period, subject to market conditions, applicable legal requirements and other factors.
Shares may be purchased through open market purchases or privately negotiated transactions, at prevailing prices.
The company also announced that the board declared a regular quarterly cash dividend of 16 cents per share to shareholders of record Nov. 30, payable Dec. 15.
Fiserv promotes Nash to president of Investment Services
Fiserv Inc., a Brookfield-based provider of financial services technology solutions, announced today that Cheryl Nash has been named president of its Investment Services division.
With 28 years of service with Investment Services at Fiserv, Nash brings a track record of industry leadership, technology expertise and commitment to serving clients to the new role. She has managed strategic functions in the organization and was instrumental in the development of multiple strategy portfolios, more commonly known today as unified managed accounts (UMAs).
"Cheryl has been the consummate catalyst for growth in the managed accounts solutions and wealth management industry," said Mike Gianoni, group president, Financial Institutions Group, Fiserv. "Under her leadership, we are confident that Investment Services at Fiserv will accomplish its business goals. Cheryl is well-known and highly regarded within Fiserv and throughout the industry including recognition for industry-wide initiatives."
Nash played significant roles in the acquisitions of Upstream Technologies and AdviceAmerica, providing Fiserv clients with an integrated model management environment and financial advice and planning technology, respectively.
Development group hails progress in Washington County
The board of directors of Economic Development/Washington County (EDWC) announced the organization recently exceeded its three-year stretch goal of fueling $35 million in new private project investment already in the first year of its first-ever multi-year strategy.
The 2011-2013 dashboard of performance indicators includes two key targets: 400 new jobs and $29 million worth of new private investment in equipment and real estate. After 10 months of implementing their next-level strategy, Christian Tscheschlok, executive director, reported that the EDWC is exceeding expectations on both measures with 265 jobs and $38 million in new economic investment fueled.
“While EDWC has already broken through its top target for new private investment, we could very well surpass our stretch goal of 500 jobs next year as well if the current level of project activity continues,” Tscheschlok said.
He attributed EDWC’s focus on existing growth companies as a driving force for much of the strong performance observed over the strategy’s first 10 months.
“Success in economic development represents a convergence of opportunity, recognition of that opportunity and having what it takes to bring a deal to closure at the speed of our growth businesses,” Tscheschlok said. “EDWC and its investor partners continue to demonstrate an ability to deliver on all three fronts.”
EDWC president Tony Warren highlighted a few project successes included in the dashboard results so far — Discount Ramps (West Bend), Wisconsin Stamping (Germantown), Bradley Corp. (Germantown) and Signicast (Hartford) — as examples of how EDWC serves “as an effective consultant for both business and governmental organizations by maximizing growth opportunities and building win-win solutions for all parties involved.”
EDWC is an independent, county-wide public/private partnership fueling growth businesses and industries for the creation of quality jobs and wealth.
IMS earnings decline
IMS International Monetary Systems Ltd., a New Berlin-based provider of business-to-business barter services, today reported third quarter net operating income of $189,302, down from $197,278 in the same period a year ago.
During the quarter ended Sept. 30, IMS generated revenues of $3.2 million, down $505,233 or 13.6 percent from a year earlier. The decrease was almost entirely due to decreased trade dollar revenue, including a large non-recurring transaction in the company’s media/corporate barter division, which provided approximately $240,000 in trade dollar revenue in 2010.
The company also announced it has begun the process of registering in several states to offer IMS franchises.