Tag Archives: Pam Newcomb

Executive Interview: Newcomb Williams Financial Group

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Newcomb Williams Financial Group (NWFG) is a newly formed investment banking firm providing underwriting and financial advisory services to municipalities, government organizations, nonprofit corporations and school districts. CBJ interviewed President Pam Newcomb, Senior Vice President Janees Williams and Vice President Beth Fawcett about their beginnings in financial advisory services, working with public sector clients and the advantages of being a boutique firm.

1. Tell us about your career and explain if there were any key experiences that led you to work in the area of financial advisory services specializing in local government.

Newcomb: I started my career in public finance working for a large California county.  During my tenure with the county I developed several mechanisms to finance affordable housing.  Moving over to the private sector allowed me the opportunity to continue financing affordable housing using tax-exempt bonds.

Williams: I started in public finance investment banking in October 2000. I was introduced into the profession by my father, Bruce Williams, who was the Town Manager of Apple Valley.

 2. How has the field changed since you started your career?

Newcomb: During my time in the public sector I have seen the number of investment banking firms shrink, especially the number of smaller investment banking firms. I believe this gives us an opportunity to shine as a smaller firm.

Fawcett: No doubt the compliance side our business has changed immensely through the years, with more regulations put on our industry each year. We are committed to staying on top of the new rules for not only our business, but for the client.

3. Is providing financial advisory services to local government clients different than working with private sector clients? What are the unique challenges and rewards of working with public sector clients?

Newcomb: Yes, it’s different in that we are here to help our clients be the “stars”. The challenge is always that our time frame to complete a deal may be different than the clients’, since completing the deal and doing a great job is our number one priority. However, sometimes our clients have other priorities because they have many ongoing activities other than finance.

4. What are two advantages NWFG brings to the table?

Newcomb: Our service oriented appeal and our creativity. These are two things a smaller firm offers over larger bureaucratic firms.

Williams: As Pam mentioned, we are a small a firm without a lot of bureaucracy, which allows to meet our clients expectations in a timely manner.

5. Are there any hobbies or activities you enjoy outside of work?

Newcomb: Hobbies I enjoy are world travel- I have been on all 7 continents and am looking forward to a trip in the Arctic to visit the polar bears. I also enjoy fly-fishing with my husband.   

Williams: Shop, shop, shop and avoid nature.

Fawcett: Many years of fishing and hunting adventures with my husband. Entertaining and cooking for my family and friends.The biggest joy of all…spending time with our grandchildren, Greer, Ford and Phoenix….Priceless!

Announcing the Formation of Newcomb Williams Financial Group

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Financial advisory service specialists Pam Newcomb, Janees Williams and Beth Fawcett recently established Newcomb Williams Financial Group (NWFG), an investment banking firm providing underwriting and financial advisory services to municipalities, government organizations, nonprofit corporations and school districts.

Although NWFG is new, its partners have over of 30 years of experience working with local governments. “After many years in municipal finance I decided to form NWFG to provide an opportunity to work with long term business partners in a new venture” said Ms. Newcomb.

Areas of service include general obligations, mobile park home financing, certificates of participation, general obligation bond financings, lease revenue bond financing, tax allocation refunding, revenue and expense projection modeling, utilities and energy financings and implementation of special tax modeling. Ms. Fawcett added, “NWFG is a great opportunity for us to establish a women-owned Firm to serve our many municipal clients”. NWFG is based in Carlsbad, California.

ICFA Brings Experts Together to Find “Housing Programs That Work”

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On January 16, the Independent Cities Financing Authority (ICFA) sponsored the half day seminar “Housing Programs That Work in the Post-Redevelopment World” at the Luminarias in Monterey Park. The Seminar featured several distinguished speakers covering topics including mobile park home financing, single-family home ownership and affordable housing strategies. “It was wonderful to see so many of our associates together in one space,” said ICFA Program Administrator Debbie Smith. “It was a unique opportunity to gather great minds and discuss what options are available to the professionals in our industry now that redevelopment has been dissolved. I’m very grateful to our presenters for bringing their ideas.”

After the 2011 passage of AB 26 and AB 27 and the subsequent State Supreme Court decision effectively ending redevelopment agencies, cities found a significant source of funding severed while community demand for such projects was growing in a time of economic fragility. “With the elimination of redevelopment, cities need alternative tools to fuel economic development. ICFA is one of those tools. By providing efficient alternative financing to infrastructure and capital assets that benefit communities, ICFA can be a partner with local governments in their economic development plans. Today’s seminar is focused on a key issue: continuing affordable housing projects. ICFA is taking the lead in bringing city staff and elected official together to innovate city housing programs.” said ICFA President Mike McCormick.

Featured presenters included Pam Newcomb and Janees Williams of the Newcomb De Dios Financial Group, George Turk of Millennium Housing, Vaughn Irons and Chapman Walsh of APD Solutions, John Raymond of the City of Palm Springs, Matt Duke of Avant Strategic Partners, Ryan Warburton, Fredrick Olsen and Preston Olsen of Ballard Spahr, Matt Callahan of Civic Center Home Loans, Walter Zhovreboff of First Home Inc, and Remoun Said of ReNew Real Estate Sales.

“This Seminar shows that those of us that work in the municipal world need to do a better job of sharing ideas that work” said Wesley Wolf, former city administrator and owner of Wolf and Company. The Seminar was followed by a lunch reception where attendees and speakers networked discussed the solutions presented in the Seminars.

Click here to view photos of the event. To learn more about ICFA visit their website at http://www.icfauthority.org

ICFA 2013 “Housing Programs That Work” Seminar

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Photos of the “Housing Programs that Work” Seminar produced by the Independent Cities Finance Authority.



























Generated by Facebook Photo Fetcher 2


Event: ICFA hosting “Housing Programs That Work” on January 16

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On January 16, the Independent Cities Finance Authority (ICFA) will host a half-day seminar titled “Housing Programs That Work in the Post-Redevelopment World.” Event sponsors include Civic Center Home Loans, Avant Strategic Partners, Ballard Spahr, Newcomb De Dios Financial Group, Wolf and Company, Inc. along with media partner Civic Business Journal and associate partners California Contract Cities Association (CCCA) and the Municipal Management Association of Southern California (MMASC).

The seminar will feature four presentations by experts in the field and provide an opportunity for attendees to share knowledge and network.

“Designing, Financing and Administering Single-Family Home Ownership Programs” will be presented by Matt Callahan of Civic Center Homes and Realty, Remoun Said of ReNew Real Estate Sales and Walter Zhovreboff of First Homes Inc. The presentation will cover the future of down payment assistant programs, layered financing approaches to help low income buyers, successful strategies for distressed sales and best practices for managing deed- restricted housing stock to preserve long term affordability.

“Current Financing Strategies for Affordable Housing” speakers include Matt Duke of Avant Strategic Partners and Ryan Warburton, Fredrick Olsen and Preston Olsen of Ballard Spahr. The presentation will address the growing need for affordable housing and the financing strategies employed by municipalities and developers to meet these needs.

“Mobile Home Park Financing” will be presented Pam Newcomb and Janees Williams of Newcomb De Dios Financial Group, George Turk of Millennium Housing, and John Raymond of the City of Palm Springs. The presentation will discuss the structuring of nonprofit mobile home park acquisition and demonstrate the advantages of working with ICFA to execute these financings.

An additional address, “Get Home Now,” will be presented by Vaughn Irons and Chapman Walsh of ADP Solutions. The Get Home Now initiative is designed to help you sell your REOs and other real estate faster and more easily with less time and effort.

“Housing Programs That Work in the Post-Redevelopment World” begins at 9 am at the Luminarias in Monterey Park. Last minute RSVPs are available online.