HJ Sims Market Commentary: Strictly Personal, 87 Years Later

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

HJ Sims Market Commentary: Thoroughfares and Flows

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

An Exclusive Investment Opportunity: The Gathering Place

**This financing has been successfully closed. Please contact your advisor for any potential secondary market opportunities.**

the Gathering Place Logo

$25,315,000*
ARLINGTON HIGHER EDUCATION FINANCE CORPORATION

Education Revenue Bonds
TGP Public Schools d/b/a The Gathering Place
Series 2022

Series 2022A Education Revenue Bonds $25,135,000*
Series 2022B Taxable Education Revenue Bonds $180,000*

HJ Sims is pleased to serve as sole underwriter for The Gathering Place, a single-site charter school in its second year of operations in San Antonio, Texas.

The Gathering Place is one of the only public schools offering project-based learning (“PBL”) in San Antonio and the surrounding market. The school currently serves K-3 students, and will grow organically by one grade level per year to reach K-8. The Gathering Place is already educating over 500 students in year two of operation for grades K-3 due to the high-demand PBL model. At full enrollment, the school will serve more than 1,400 students each year. The school received 461 applications for an estimated 175 new seats available for the 2022-23 school year, leaving 286 students on the waitlist.

About the Bonds

  • Series 2022A Education Revenue Bonds $25,135,000*
    • Non-rated, tax-exempt
    • Bonds are exempt from Federal Income Tax
    • Minimum denominations of $5,000
    • Interest will be payable on February 15 and August 15 of each year, commencing February 15, 2023
    • First principal payment: August 15, 2029
    • Final maturity: August 15, 2062 (multiple maturities offered)
  • Series 2022B Taxable Education Revenue Bonds $180,000*
    • Minimum denominations of $5,000
    • Interest will be payable on February 15 and August 15 of each year, commencing February 15, 2023
    • Principal payment: August 15, 2024

Use of Bond Proceeds

  • Exercise lease purchase option for land and buildings
  • Fund playground for school
  • Fund debt service reserve fund & costs of issuance

Security

  • Secured by a Construction Fund
  • Secured by a Debt Service Reserve Fund
  • Gross revenue pledge

 Key Financial Covenants

  • 1.10x Debt Service Coverage Ratio, tested annually
  • 45 Days Cash on Hand ratio, tested annually

We are currently accepting indications of interest for these tax-exempt bonds with an expected pricing the week of April 25, 2022, and anticipated settlement during the week of May 9, 2022. For more information including risks, please read the Preliminary Official Statement in its entirety. If you have interest in purchasing these bonds, please contact your HJ Sims financial professional as soon as possible.

*Subject to change

No dealer, broker, salesperson, or other person has been authorized to give any information or to make any representation other than those contained in the Preliminary Official Statement and, if given or made, such other information or representation should not be relied upon as having been authorized by the Issuer, the Borrower, or the Underwriters. The information set forth herein has been obtained from the Issuer, Borrower, and other sources that are believed to be reliable, but is not guaranteed as to accuracy or completeness by, and is not construed as a representation of, the Underwriters. The information contained herein is subject to change without notice. Under no circumstances shall this constitute an offer to sell or solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offering or solicitation will be made only to investors pursuant to the Preliminary Official Statement, which should be read in its entirety. Investments involve risk including the possible loss of principal. HJ Sims is a member of FINRA and SIPC, and is not affiliated with TGP Public Schools d/b/a The Gathering Place.

HJ Sims Market Commentary: Going Gray

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

HJ Sims Market Commentary: A Bushel and a Peck

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

HJ Sims Market Commentary: Proud as a Peacock

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

HJ Sims Market Commentary: Eyes on Teasuries

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

HJ Sims Market Commentary: CONOPS For Investors

HJ Sims Logo

In Department of Defense terminology, CONOPS stands for a concept of operations, a statement that concisely expresses what a commander intends to accomplish and how it will be done using available resources. As the first quarter of 2022 draws to an end, individual investors may see the need to create or revise their own individual investment CONOPS after some in-depth communications with our trusted financial planners, counsel, tax advisers and investment professionals.

Continue reading

HJ Sims Market Commentary: Piano Concerto for the Left Hand

HJ Sims Logo

Paul Wittgenstein was one of eight children born into a wealthy Vienna family in 1887. His parents frequently welcomed into their warm parlor some of the world’s most prominent composers: Johannes Brahms, Gustav Mahler, Richard Strauss. Living through, and serving in World War I, Paul’s story, like many others — then and now — is one of survival and determination.

Continue reading

HJ Sims Market Commentary: Hikes

HJ Sims Logo

By the time he turned five, Harvey “Little Man” Sutton of Lynchburg, Virginia, had spent a remarkable 11% of his life on the Appalachian Trail, hiking more than 2,190 miles through 14 states in 209 days, starting with his first steps up on Georgia’s Springer Mountain in January of 2021, and ending with the final celebratory steps in August atop Mount Katahdin. To maintain or hike is just one of the many questions also facing the Federal Open Market Committee, a very special subgroup of U.S. central bank whose statements and actions drive the global markets.

Continue reading

HJ Sims Market Commentary: Drumbeats

HJ Sims Logo

There is a drumbeat emanating from family kitchens and elementary school classrooms, corner restaurants and city stadiums, office buildings and grocery stores, suburban gyms and resort hotels, and it is growing louder. And, those drumbeats have reached the financial markets. Starting two years ago, the financial markets have been percussed, but have since been cymbals of the central banks and the incongruous but profitable risk-on behavior they have fostered.

Continue reading

HJ Sims Market Commentary: Ticking Clocks

HJ Sims Logo

The clock was built in 1947 by distinguished American engineers and scientists and it has been ticking away for 75 years now. For the past two years it has been stuck at 100 seconds, an urgent wake-up call meant to tell us how close we may be to destroying our own world.

Continue reading

HJ Sims Market Commentary: Effects on January

HJ Sims Logo

With seven percent annualized inflation and supply chain woes carrying over from 2021, with our central bank clearly telegraphing the reversal of its decade-long loss insulation efforts, with uncertainty over the next path of a pandemic amongst other woes, it is no wonder that most financial markets are upside down this month.

Continue reading

Congratulations to Rebecca Beckett on earning her CFP® Certification

HJ Sims is thrilled to congratulate our Jupiter, FL-based Rebecca Beckett on accomplishing her goal of earning the Certified Financial Planner™ professional certification.

Rebecca recently passed the CFP® certification examination and met the additional requirements to earn the designation. We are proud to recognize this significant accomplishment and Rebecca’s hard work and determination. The CFP® designation is the highest standard of excellence in the field of personal financial planning.

The path to CFP® certification is a rigorous but rewarding process, equipping candidates like Rebecca with the knowledge and skills to assist with providing comprehensive financial advice to clients. Successful candidates complete a multi-year, multi-step process to obtain the skills and real-life experience needed to serve your best interests, no matter what your financial goals are. They pledge to adhere to high ethical and professional standards for the practice of financial planning, always putting your welfare first. CFP® professionals are trained in the fundamentals of financial planning, estate planning, insurance planning, investments, retirement planning and tax planning. They can provide a detailed financial plan supporting all areas of your financial life, or offer advice about a specific financial need.

As a CFP® professional, Rebecca offers financial planning services incorporating a holistic view of her clients’ financial and personal circumstances. Financial planning is the output of a collaborative process that helps maximize your potential for meeting your life goals. With more than 15 years’ experience in financial services, Rebecca is passionate about helping instill investment confidence an offering tailored guidance for her clients.
Next time you speak with Rebecca in our Jupiter office, be sure to join us in congratulating her on this brilliant professional milestone.

More about Rebecca 

Information is provided as a public service by Certified Financial Planner Board of Standards, Inc. (CFP Board). A nonprofit, professional organization, CFP Board fosters professional standards in personal financial planning so that the public values, has access to, and benefits from competent and ethical financial planning.

CFP® certification marks are owned by Certified Financial Planner Board of Standards, Inc. (CFP Board). Individuals certified by CFP Board have taken the extra step to demonstrate their professionalism by voluntarily submitting to the CFP® certification process that includes education, examination, experience and ethical requirements.

HJ Sims Market Commentary: As the Page Turns

HJ Sims Logo

A new year began on Saturday and residents on part of the island nation of Kiribati in the Central Pacific were among the first to ring it in and flip the calendar page from 2021 to 2022. Then, hour by hour, the countdowns moves across the world. Finally, 25 hours after it began, 2022 rolled through the last spot on Earth to officially greet the new year.

Continue reading

HJ Sims Market Commentary: All Tolled, A Wonderful Life

HJ Sims Logo

In Year Two of this pandemic, while battling the Delta and Omicron variants, supply and labor shortages, multi decade-high inflation, and uncertainties on so many fronts, a number of organizations have nevertheless managed to celebrate significant milestones. Congratulations to one and all for enduring, thriving, and inspiring millions around the world through service, education and entertainment, in both good and trying times.

Continue reading

HJ Sims Market Commentary: Numbers

HJ Sims Logo

In the course of the day, thousands of numbers fly through our brains, some random, others not to be forgotten. It is hard to imagine life without numbers but there are reportedly some cultures that lack words for all but the one to three. For those of us who spend most of our day immersed in analyzing financial data, we cannot help but wonder how folks manage to get along without being able to precisely identify and verbalize quantities. How do they build, borrow, grow? Can they live longer and happier if the count is limited to “one”, “two”, and “many”?

Continue reading

HJ Sims Market Commentary: Pen-flation

HJ Sims Logo

A lot has been written about the pandemic, this hundred-year global plague. We know there is still a lot more ink to flow. No matter our roles, we have all become voracious readers of studies and speculations that have kept us swinging between the states of hope and heartbreak, confused by directives, irritated by extreme claims and flat assurances, tired of the topic but anxious to have all the latest news as soon as it breaks via our phones, TVs, watches, radios, or paperboys.

Continue reading