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Eleven years writing the budget before I ever priced a bond.

The decisions that shape a bond’s cost are made long before it prices. If your district, city or county is planning a program, the useful conversation is the one that happens while the plan is still moving. It costs you nothing. It is also not disinterested: I am an investment banker, my firm is compensated as an underwriter if you later bring us into an issue, and you should read anything I tell you with that in front of you.

LinkedIn: Nicole K. Conley
Through my firm: Siebert Williams Shank & Co., LLC
Office: 206 S. Wild Basin Road, Suite 107, Building A, Austin, TX 78746My registered branch, which I opened in November 2020. It is on my FINRA BrokerCheck record, CRD 2645819.

LinkedIn reaches me directly. Post is the branch address above.

Nicole K. Conley in a black blazer and light blue shirt, standing in a bright open office.

Before we talk

Three things a first conversation usually covers.

Not a mandate and not a pitch book. Most of what I am asked in a first meeting is whether a program is the right size, whether the timing works against the tax rate, and what a board is going to ask. Those are answerable in an hour.

Capacity

What the district or the city can borrow against its own growth and valuation, and what it does to the tax rate. This is arithmetic, and it is better done before a number is announced than after.

Timing

When to go to the market, and whether to go at all this cycle. A structure that suits the market and one that suits the issuer are not always the same structure.

The board and the vote

What a board will ask, and what a community will ask after that. I have prepared both sides of that conversation, from the district's chair for eleven years.

Details

Firm
Siebert Williams Shank & Co., LLC
A minority- and women-owned investment bank
Role
Managing Director
Registered with the firm since 13 November 2020
Office
Austin, Texas
Opened and led by me
Examinations
The SIE, then Series 7, 52, 53 and 63
Four registrations; the SIE qualifies rather than registers. Texas. No disclosures.


Firm	Siebert Williams Shank & Co., LLC	A minority- and women-owned investment bank
Role	Managing Director	Registered with the firm since 13 November 2020
Office	Austin, Texas	Opened and led by me
Examinations	The SIE, then Series 7, 52, 53 and 63	Four registrations; the SIE qualifies rather than registers. Texas. No disclosures.

I sat in the chief financial officer's chair at Austin ISD for eleven years.

Eleven years as a district chief financial officer, then the Austin office I opened for my firm in November 2020.

My career