New Service From Veriloquent Wealth Advisors, LLC Provides Increased Returns on Deposits for Investors and High Net Worth Individuals

Veriloquent Wealth Advisors, LLC - a financial services and consulting group, has launched its "Alternative Banking" service. The new service surveys deposit rates across banks and coordinates deposits into FDIC insured accounts. Depositors can realize increased rates on deposits of up to one percent or more over average.

Coral Springs, FL - Individuals and others with a need to deposit large sums of money to back businesses, provide operating reserves, avoid market volatility, or just simply provide secure access to their wealth are faced with record low interest rates. In the current financial environment this means deposits typically provide earned interest rates of less than one percent against deposits. The new service available from Veriloquent Wealth Advisors, LLC allows individuals, companies, municipalities and others a way to access rates not normally realized. Traditionally individuals and others may have researched bank rates through online services, however, most of these services offer only a cursory review. Veriloquent builds personal one on one relationships with the banks it surveys. "We maintain a comprehensive database of current rates and constantly survey the banks to determine the actual premiums being offered," said Todd Billings, CEO of Veriloquent Wealth Advisors, LLC. Billings continued to say, "Within the industry this is nothing new... rates fluctuate due to the competitive marketplace and each individual bank's balance sheet. What is new is that Veriloquent has standardized the process into something meaningful and our clients appreciate the one point of contact even though deposits could be spread amongst multiple banks." A distinct advantage that Veriloquent offers is a keen understanding of the banking industry and the ability to structure and monitor deposits in such a way that makes sense to the client and the bank. Veriloquent acts as a conduit, using the vernacular and knowledge of the industry to negotiate and secure superior rate exceptions and terms. Veriloquent in essence provides its clients an "insider" to navigate the financial waters. Because of Veriloquent's Alternative Banking service, clients receive special terms and rate exceptions on deposits. The primary benefit to the client is a higher earned interest rate on deposits and a single point of contact to manage the accounts since deposits could be spread around several banks. Ultimately, clients receive a level of service that would be hard to manage or receive on their own. The Alternative Banking service is available within Veriloquent's services platform, or can be contracted separately through an independent scope of work. Individuals looking to contract the service separately can engage Veriloquent with a minimum of $1MM in deposits. Individuals interested in contracting for services should contact Veriloquent Wealth Advisors, LLC directly at 1 (888) 684-2999. About Veriloquent Wealth Advisors, LLC: Veriloquent Wealth Advisors, LLC is a financial services and consulting group with a new approach towards financial decision making. Veriloquent removes the conflicts between sales and advice inherent in traditional "one-stop-shops" which dominate the industry. By providing sound analysis, strategy, and recommendations on assets and investments, clients realize economic benefit as they are guided through the process of making sound financial decisions. The Veriloquent approach represents a hands on advisory partnership. Veriloquent maintains offices in Coral Springs, Florida. http://www.vwallc.com

Veriloquent Wealth Advisors, LLC Offers Distressed Debt Management Services for Investors in Non-Performing RE Notes

Representatives are Attending Conferences and Symposiums

Veriloquent Wealth Advisors, LLC provides investors a better choice to invest into nonperforming real estate notes with a turnkey solution for management, disposition strategies, and by supplying the required business infrastructure. By attending key meetings, Veriloquent will be explaining the strength of their distressed debt management offering, while staying abreast of current industry trends.

Coral Springs, Florida - Veriloquent Wealth Advisors' services platform has been combined with business services to create a turnkey solution for investors interested in investing in non-performing note pools (distressed real estate assets), without having to pledge capital to an equity partner. This is a strong departure from the more typical approach, which exchanges equity and control for putting up capital. Veriloquent's service allows the entrepreneurial class of investor a way to ramp up operations without the steep learning curve of creating a venture on their own. Veriloquent's combination of business management (through loan holder communications, centralized management, and accounting) coupled with financial analysis, reporting, and management services, ensures the development of effective disposition strategies. The Veriloquent service for management and disposition of non-performing note pools, is consistent with their core strategy of providing financial analysis and advice while working directly for clients. In the following week representatives from Veriloquent will be present at two separate industry meetings to engage and discuss with other professionals on the topics of Distressed Real Estate and the Servicing of Distressed Real Estate Notes. A representative from Veriloquent will be attending Information Management Network's (IMN) "The Symposium on Distressed Commercial and Residential Real Estate." The event will be held at the Westin Diplomat Hotel Resort and Spa, in Hollywood, Florida on February 25th & 26th, 2010. Veriloquent's CEO, Todd Billings, will be attending a separate event. Mr. Billings will be attending The Mortgage Bankers Association's (MBA) "National Mortgage Servicing Conference and Expo." The MBA event will be held at the Manchester Grand Hyatt in San Diego, California on February 23rd through the 26th, 2010. Through attending industry events, Veriloquent expects to inform and gain wider recognition of the strength of their offering, while meeting with top professionals in the industry. Said Todd Billings, "Veriloquent has developed a unique niche. Unlike traditional firms we have always focused on earning our compensation through the provision of unbiased analysis and advice free of the financial institution, but while directly engaged with our clients." Mr. Billings added "Many are predicting that 2010 will be the year that many regional and community banks will fail, which will ultimately lead to an unprecedented investment opportunity for the entrepreneurial class of investor, with liquid assets to invest. We are uniquely poised to provide these investors the tools and skill sets needed to manage the disposition of loan pools without giving up large amounts of equity or control to an outside partner." If interested parties would like to meet with Veriloquent during or after the course of the events, they can arrange a meeting by calling Mercedes Martin at 888-684-2999 extension 4. About Veriloquent Wealth Advisors, LLC: Veriloquent Wealth Advisors, LLC is a financial services and consulting group with a new approach towards financial decision making. Veriloquent removes the conflicts between sales and advice inherent in traditional "one-stop-shops" which dominate the industry. By providing sound analysis, strategy, and recommendations on assets and investments, clients realize economic benefit as they are guided through the process of making sound financial decisions. The Veriloquent approach represents a hands on advisory partnership. Veriloquent maintains offices in Coral Springs, Florida. http://www.vwallc.com

Recent News and Headlines About Veriloquent

New Service Offering From Veriloquent Wealth Advisors, LLC Facilitates Effective Management and Disposition of Non-Performing Mortgage Note Pools.

Veriloquent Wealth Advisors, LLC - a financial services and consulting group, has applied its flat fee based services platform towards the management and disposition of non-performing real estate mortgage note pools. The service allows investors a means to effectively coordinate advisors and manage investments in non-performing notes without investing in infrastructure and hiring expensive staff.

Coral Springs, FL - With the real estate market and economy struggling to recover, many banks and institutions are bundling real estate notes and selling off the assets. With discounts against the underlying real estate assets running 50% to 70% and more, this represents a unique opportunity for investors. "However," said Todd Billings - CEO of Veriloquent Wealth Advisors, LLC, "Investors who pool money to purchase these typically nonperforming notes have been faced with a dilemma, either they hire expensive knowledgeable staff and build out a physical infrastructure or they have to give up much of their potential profit to an equity partner familiar with the management and disposition strategy of the notes." Billings added, "This means investors are faced with delays or at best have to give up control and profits." Veriloquent Wealth Advisors, LLC steps in to fill the gap between the investors and the management of the notes so advisors can be coordinated and disposition strategies analyzed and recommended. The service is in-line with Veriloquent's primary business of financial data management and wealth analysis. The solution Veriloquent provides includes a central communications platform (phone, fax, email), the provision of a physical mailing address, secure online document management, bookkeeping services to track the investment's funds, and customized reporting against the assets held. Because of the services provided by Veriloquent, Investors have access to a turnkey solution which means the often complex nature of the individual notes within a pool are effectively analyzed, while fulfilling regulatory and legal requirements. Ultimately, the services contribute to increased rates of return. Veriloquent's service offering includes seven key analytical areas: 1. Data Aggregation and Reporting, 2. Secure Online Document Management, 3. Alternative Banking, 4. Advisor Search and Coordination, 5. Strategic and Financial Planning, 6. Tax Documentation and Audit Planning, and, 7. Investment Oversight and Reporting. Investors interested in contracting for services should contact Veriloquent Wealth Advisors, LLC directly at 1 (888) 684-2999. About Veriloquent Wealth Advisors, LLC: Veriloquent Wealth Advisors, LLC is a financial services and consulting group with a new approach towards financial decision making. Veriloquent removes the conflicts between sales and advice inherent in traditional "one-stop-shops" which dominate the industry. By providing sound analysis, strategy, and recommendations on assets and investments, clients realize economic benefit as they are guided through the process of making sound financial decisions. The Veriloquent approach represents a hands on advisory partnership. Veriloquent maintains offices in Coral Springs, Florida. http://www.vwallc.com

What Does Warren Buffett Like To Read?

Much thanks to Market Folly for publishing this list:

Warren Buffett's Recommended Reading List

We're back with the latest iteration of our recommended reading list series. This time around we feature the favorite reads of none other than the Oracle of Omaha himself, Warren Buffett. Over time, he has recommended various books and here is the comprehensive list:

Common Stocks and Uncommon Profits by Phil Fisher: Regarding this book, Buffett said that, "I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits and Other Writings. When I met him, I was as impressed by the man as by his ideas. A thorough understanding of the business, obtained by using Phil’s techniques . . . enables one to make intelligent investment commitments."

The Smartest Guys in the Room by Bethany McLean: This was recommended in Buffett's annual letter from 2003 and details the rise and fall of Enron.

The Intelligent Investor by Benjamin Graham: This is an obvious choice as Buffett has said that this is "the most important investment book" and in particular has highlighted chapters 8 and 20 as essential.

John Bogle on Investing: The First 50 Years by John Bogle. This book is more aimed at the fund investing crowd given Bogle's expertise (Vanguard funds). In the past, Buffett has advocated investors who don't have much time on their hands to invest in index funds.

The Essays of Warren Buffett by Warren Buffett & edited by Larry Cunningham: There's no better way to learn from Buffett than through his own words. Buffett would agree as he says "The most representative book on my thinking is what Larry Cunningham put together."

Sam Walton: Made in America by Sam Walton: Another read Buffett recommended back in 2003, this book details how Walmart was built from the ground up

Pay Attention To The ISM Number!

Click on Image to Enlarge

I came across this chart yesterday which compares the ISM (Institute for Supply Management) Index to the S&P 500 on a year over year change basis. Next time you are listening to, watching or reading your favorite financial news make sure you pay attention to the ISM number.

To read a little more on the ISM -

http://en.wikipedia.org/wiki/Institute_for_Supply_Management

Will China Become The New World Power?

For those of you not familiar with Jim Rogers, here is an excerpt from a blog devoted to his thoughts:

"After attending Yale and Oxford University, Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P 500 rose less than 50%. Rogers then decided to retire – at age 37. " --http://jimrogers-investments.blogspot.com/

Anyone that can turn $1 into $4200 in a ten year period is probably worth listening to. Imagine investing $1MM with the Quantum fund and having $4.2 Billion!!! Truly remarkable.

One of his recent interviews discusses China:

China Has Huge Reserves. The West Huge Debts.
"China saved up huge reserves for a rainy day, now it's raining and they're spending those reserves. You contrast that with the UK or the US for instance which has no reserves, has nothing but huge debts and they're borrowing, or printing, or taxing to spend their money… I'd rather be in the East than in the West."

History has shown us that world power tends to shift to the people and places that produce true economic value and have money. Unfortunately, for this great country of ours, we have become such avid consumers that we have to literally borrow billions of dollars every year from China to keep our economy from completely melting down.

For those of you who like to do your homework, check out the numbers directly from the US Treasury website. As of July 2009, China held a little over $800 Billion of US debt. http://www.treas.gov/tic/mfh.txt

Markets Down 6 Out Of The Last 7 Days!!!

Is this the beginning of a much greater decline? We think so! Tomorrow is a very important economic release day with Unemployment numbers coming out at 8:30am EST.