VACo launches new sponsorship with eConnectDirect® to help counties in Virginia manage investment needs

August 5, 2015

eConnectDirect

The Virginia Association of Counties (VACo) in partnership with the National Association of Counties Financial Services Center (NACo-FSC) is endorsing eConnectDirect®, an online platform that provides county treasurers and finance directors the ability to manage their fixed-income investments.

eConnectDirect® was designed by Multi-Bank Securities, Inc. (MBS), a broker-dealer firm registered with the SEC and MSRB, and a member firm of FINRA and SIPC. The site is an online platform that provides county treasurers and finance officers with the tools to search, select, transact and manage their fixed-income portfolios. While eConnectDirect® allows customers to be self-sufficient, the service also allows them to work with licensed MBS account executives, working side-by-side with county finance staff on fixed-income investment decisions they wish to make or to answer any questions clients have.

“We are excited to partner with eConnectDirect®,” said VACo Executive Director Jim Campbell. “We look forward to sharing eConnectDirect® with Virginia’s counties.”

Among the many features of eConnectDirect®, treasurers and finance directors receive tools that allow for simple navigation across multiple fixed-income markets and access to new issue and secondary bonds, including U.S. Treasuries, U.S. agencies, certificates of deposit, corporates and municipal securities. eConnectDirect® provides a transparent view of the marketplace by compiling bond offerings from hundreds of broker-dealers, supporting best execution practices and providing treasurers the ability to make informed, unbiased financial decisions.

“Counties strive to find the most effective ways to manage their investments while ensuring transparency, enhanced controls and better pricing, “said NACo Executive Director Matthew D. Chase. “We are proud to endorse this solution for counties across the country. This innovative online platform will provide tangible support to counties, county treasurers and other local government entities. We are confident that this partnership will offer exceptional results and help counties be better stewards of taxpayer resources.”

To arrange a no-obligation demonstration of eConnectDirect®, please contact Jim Campbell at jcampbell@vaco.org.

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