About Us
Who We Are
Founded in 1994 by a small team of professionals who looked at the banking sector differently, seeing the promise and use of technology as well as the growth in the non-regulated (shadow banking) lending markets. We understood the coming changes in core processing systems from old software built on format and accounting functions to new more flexible software allowing for dynamic credit risk management and information gathering needs. We recognized trends in applying Wall Street investment analytics to lending and investments banks held on balance sheets.
Over the last three decades we continue to see the trends shaping the lending industry and help our clients harness the benefits of technology and talent through mergers, acquisition, capital (investment) and fintech partnerships.
Our professionals are recognized as having broad and deep understanding of the rules, regulations and practices in the financial services sector. They distinguish themselves by the solutions they provide our customers, by accessing a diverse network of professionals with extensive knowledge of the specific space, what past solution worked or failed and why they may work in a new situation or be modified to be an ideal solution. We see possibilities in both opportunities and threats.
We pride ourselves on researching first, listening to key people second and then finding or creating the best solution to meet or customer's goals.
Our professionals are held to a high code of conduct because our founders were raised and mentored by those in the military and in Scouting. Our Code of Conduct:
Integrity, Courage, Commitment, Respect and Excellence In All We Do
From our M&A and capital markets advisory practice, to consulting on strategy and markets, our people are held in high regard by their professional piers and regulators.
MDI Investments Inc professionals have a solid track record of completing deals in challenging markets and economic environments. Our team works with clients through every step of a potential transaction – from conception to completion.
MDI Investments is affiliated with, and clears all securities through, Tangent Capital Partners, LLC, a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Insurance Protection Corporation (SIPC). Please visit www.TangentCapital.com for more information.
Our Business Model
Tapping a variety of resources, MDI Investments puts together a specialized team for each client or project. By building the team with the right, targeted resources, our clients will receive objective advice and a personally structured solution that won’t break the budget. Our professional skills include:
Search, Introduction and Transaction Coaching— Our clients like to negotiate and structure their own transactions. MDI provides introductions to key executives and coaching with personnel, corporate and regulatory insights to assist in transaction planning.
Due Diligence Review & Analysis — Our capabilities include evaluating the viability of an existing or prospective business. MDI’s professional team will identify and quantify operational or structural issues and risks that are critical to a client’s decision to move forward with a transaction. Our due diligence strategy is efficient and cost effective. We focus on tackling the biggest risks first, to make sure there are no major surprises along the way.
Strategic Consulting— Whether your company is in need of capital, talent, new business lines or asset disposition and downsizing, MDI Investments and its network of professionals will provide a variety of financial and strategic assessments to evaluate growth opportunities, risks capital structure assessment, restructuring alternatives, succession planning and exit strategy analysis.
Capital Initiatives — MDI Investments maintains a databse of investors. It actively manages this database to track investors for viability, cash liquidity and investment criteria. Based on your company's needs and parameters, we screen our database for a match.
Reviews include:
- Developing appropriate financial modeling and forecasting
- Evaluating process and funding management concerns
- Vetting distribution and logistical challenges
- Communicating underwriting practices
- Analyzing a company’s sales and marketing program
- Evaluating management’s capabilities and effectiveness
- Diagnosing integration issues
- Assessing corporate governance performance
- Reviewing policies, procedures and practices
Loan Review – We provide banking advisory services, including reviews of:
- Credit analysis
- Loan loss reserve methodology and validation
- Credit risk rating systems
- Credit database creation and analysis
- Portfolio stress testing
- Portfolio acquisition review
- Loan policy maintenance
- Problem loan management
- Loan and credit workshops and seminars
Loan Workout Advice — We can provide review and analysis of secured and unsecured loans for allowance for loan losses and classified asset provisioning and resolution. Each assignment includes expert written analysis for the credit file, which can also serve as the primary reference documents for bank regulatory authorities, auditors and executive management.
Our professionals are accomplished loan workout and bank turn-around specialists as well as seasoned commercial lenders, with substantial banking experience focused on real estate loan workout and bank turn-around work.
Compliance Reviews — Our team members deliver regulatory compliance and due diligence services to banks and mortgage lenders. We also provide operational risk management services including project management and consultation services.
Mortgage Banking and Origination — Our seasoned professionals have strong track records in the mortgage banking industry originating mortgages and selling them to Fannie Mae, Freddie Mac and the Federal Housing Administration.
Auditing & Opinion Letters — We work with professionals in audit and tax consulting who specialize in financial services, providing an array of accounting services.
Experience includes advising clients on the valuation and balance sheet exposure of various portfolios of corporate receivables and asset-backed securities, including whole loans, CDOs, and mortgage-backed securities. These professionals also have assisted clients with restructuring existing structured product transactions.
Banking and Regulatory Legal Counsel — We work with lawyers whose practices cover all relevant work in public and private capital-raising transactions, corporate reorganizations and restructurings, mergers and acquisitions, preparation of federal securities reports, federal and state securities compliance matters, the full range of bank regulatory issues and general corporate law.
The attorneys with whom we work also advise private investors, including private equity funds and hedge funds, on investing in financial institutions. They have extensive experience with proxy contests and matters concerning shareholder relations as well as corporate governance, including compliance with the provisions of Sarbanes-Oxley.
Our Management
Michael Iannaccone
Founder and President
Mike Iannaccone has been a consultant, investment banker and equity research analyst focused exclusively on the financial services sector for over 30 years. He provides pragmatic solutions for strategic planning, corporate finance, mergers, acquisitions partnerships and financial modeling services. Throughout his career he completed 43 Merger & Acquisitions assignments, raised over $2 billion in capital through IPO, secondaries and private placements and structured over $1 billion in debt for financial service companies. Moreover, with Mr. Iannaccone assistance, five depositories were able to stave-off FDIC receiverships.
From 1998 to 2009 Mr. Iannaccone held Managing Director roles at Performance Trust Capital Partners, Howe Barnes Investments and Fox-Pitt Kelton, respectively. Prior to 1998, Mr. Iannaccone held Senior Vice President roles in Investment Banking at Keefe, Bruyette, & Woods, Inc., and Adams Cohen Securities, respectively. Mr. Iannaccone was also an equity research analyst for five years achieving a 32% IRR on recommendations.
Presently, Mr. Iannaccone serves on the Advisory Board of several fintech startups in the consumer lending and real estate product space.
Mr. Iannaccone has been hired by law firms as an expert witness on bank valuations, corporate governance and stock offering procedures. He has been quoted in over one hundred articles by media sources including the Wall Street Journal, Crain's Business, First Business News and S&P Market Intelligence and Chicago Tribune.
Mr. Iannaccone earned an MBA from Northwestern University’s Kellogg Graduate School of Business and a earned a Bachelor of Science in Computer Science from Saint John's University in New York.
https://www.linkedin.com/in/miannaccone/
A Message from MDI’s President
“MDI’s business philosophy can be summed up this way: we care deeply about the success of our clients,” said Mike Iannaccone. “We demonstrate our dedication by delivering personalized service, handling all client requests with a sense of urgency and producing results. We may go light on the sugar and spice, but our clients appreciate our willingness to be candid and convey straight-forward answers,” he continued. “We provide our clients with focus and execution, not ‘a deal of the week’ service. We will not be locked into the standard view. Our team offers terrific problem-solving skills that lead to creative solutions during years of exceptional growth as well as turbulent times. We’re in this business to build satisfying, productive, long-term relationships…with you. ”