FINRA’s Tips for Improving Individual Financial Capability

Based in Central Florida, International Assets Advisory LLC offers investment management and investment banking services to clients across the country. Active in the financial industry, International Assets Advisory LLC is a member of the Financial Industry Regulatory Authority (FINRA). 
FINRA Investor Education Foundation funded a study on the financial capability of Americans. Conducted by Applied Research and Consulting, the 2016 National Financial Capability Study revealed 40 percent of Americans felt they had too much debt, 34 percent said they probably could not raise $2,000 if an emergency necessitated it, and 41 percent were saving for college. 
Following the release of the study’s results, FINRA issued an investor alert highlighting the different ways Americans can improve their financial capability. The organization urged saving Americans to embrace tax-advantaged accounts such as 401(k)s for those saving for retirement and 529 plans for those saving for college. FINRA also encouraged Americans to pay off their debt on time and in full. It specifically encouraged millennials to take extra care when using credit cards because the study found 52 percent of Americans aged 18-34 reported engaging in expensive credit card behaviors. Finally, the organization stated the best way to avoid being financially fragile is to build up rainy day savings in a federally insured savings account.

IAA Assists in Noteworthy Preferred Stock Offering

From its headquarters in Orlando, Florida, International Assets Advisory offers a full suite of financial services to a domestic and international client base. In addition to providing financial planning and broker-dealer services for individuals, International Assets Advisory also serves as a dealer manager for institutional clients.

One such client, CIM Commercial Trust Corporation (NASDAQ: CMCT), recently enlisted the services of International Assets Advisory to oversee the offering of a significant quantity of preferred stock. In July 2016, CMCT announced that it had successfully registered with the Securities and Exchange Commission to offer up to $900 million in warrants and Series A Preferred Stock. This registration authorizes the company to offer as many as 36 million units, with each unit comprised of one Series A share of preferred stock valued at $25 per share and a warrant to purchase one quarter of a share of the company’s common stock. 

CIM Commercial Trust is a real estate investment trust active in the business real estate sector. The company operates Class A and creative office investments in vibrant and improving urban communities throughout the U.S.