CCP 10-13-1992 - Laserfiche WebLink

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Jl. 0 HISTORY '~ Ehlers and Associates, Inc. was established as an independent financial advisory firm In January, 1955, by Robert L. Ehlers, the Firm's Founder. The Firm has assisted hundreds of clients In the planning and marketing of approximately $3.0 billion of bonds for a wide variety of projects in the Upper Midwest region, with clients in Minnesota, Wisconsin, Iowa, Michigan, North Dakota, and South Dakota, Montana and Idaho. INDEPENDENCE Ehlers and Associates, Inc. is a private corporation whose policy has been to always remain independent of any underwriting or investment banking interest in any financial service provided. Ehlers and Associates, Inc. never participates in the underwriting of any bonds and does not furnish consulting or computer services to underwriters. In this way both conflicts of Interest and perceived conflicts of interest are avoided, . All income of Ehlers and Associates, Inc. is derived from providing financial advisory services to clients for explicit fees. PHILOSOPHY OF SERVICE A key word in the vocabulary at Ehlers is "fiduciary" which means "one who is held in . confidence or trust" Ehlers and Associates, Inc. always acts in a fiduciary capacity with clients. Ehlers' clients are public bodies who are responsible and accountable for the allocation of public funds, We are acutely aware of our responsibility to provide clients with ali the information necessary to make the right decision on all projects involving the commitment of public funds. Because Ehlers and Associates, Inc. is an independent financial advisor, with no conflicts of interest, clients can be assured that our recommendations are based solely on a thorough understanding of the community, a careful analysis of project feasibility and a comprehensive evaluation of alternative methods of financing. Starting with the proposal to provide services, clients are fully informed of the total cost of our service and any other expenses that might be associated with a financing project. While the Firm recognizes that It will, from time to time, provide public service at no cost or at less than cost so that potential clients can better determine the Firm's capability, the Firm will not intentionally offer services at reduced fees solely to gain a client with the expectation of "upgrading" fees for subsequent work or of later converting its fiduciary relationship to a more profitable underwriting. To carry out Its fiduciary duties, the Firm seeks supremely qualified representatives and staff people whose experience, personalities, integrity, intelligence and academic training will best serve its clients. Ehlers believes that a production line approach, with many people limited to small tasks, does not lend itself to the best execution of complex public financings. Our account executives are fully and carefully trained in all aspects of the pianning and marketing of public debt '. ; ? 0 1-1 i ,