William Reynolds recently held the position of Senior Vice President and Western Regional Director of Public Finance for Springsted Incorporated, a national public sector advisory firm.
Prior to joining Springsted, Mr. Reynolds was a Principal and founding partner of the Sequoia Financial Group LLC, a California-based independent financial advisory firm. However, in 2011 the First Southwest Company, a Texas-based broker-dealer firm, acquired the assets of the Sequoia Financial Group and Mr. Reynolds became a Senior Vice President at First Southwest. In April 2013 William Reynolds left First Southwest, to open a new California office for Springsted Incorporated, after making a decision to return to an independent financial advisory firm rather than continue to work as a financial advisor for an investment banking firm.
Prior to forming the Sequoia Financial Group, Mr. Reynolds was a Principal and part owner of Gardner, Underwood & Bacon LLC (Gardner). Gardner was formed through a merger of the management firm of Gardner, Underwood & Bacon and the west coast financial advisory offices of Evensen Dodge Inc. where Mr. Reynolds had served as Evensen Dodge’s West Coast regional Manager.
Mr. Reynolds’ professional career in public finance spans over 40 years including over 15 years as an investment banker. Previously, he served as a Senior Vice President at Sutro & Co. where he headed up the Housing and Economic Development Financing teams. Prior to his tenure at Sutro, he was a First Vice President with EF Hutton and a Senior Vice President and Manager of Donaldson, Lufkin and Jenrette’s Western Regional Public Finance offices in Los Angeles and San Francisco.
During his years of serving California municipalities as an independent financial advisor and an investment banker, Mr. Reynolds collaborated in the development of a number of innovative financing structures including: Public/Private Tax-Exempt Leveraged Leasing, Asset Transfer Sale-Lease Backs, and Variable Interest Period Securities. He specializes in capital financings and financial advisory services for cities, counties, economic development agencies and housing authorities throughout the West.
Over the past decade, Mr. Reynolds’ California clients have included the cities of Alameda, Garden Grove, Healdsburg, Inglewood, Los Angeles, Montebello, Oakland, Oxnard, Santa Ana, San Ramon, Tustin and Union City, the Counties of Alameda and Riverside, the Sweetwater Union High School District and the State of California.
Mr. Reynolds’ experience has included serving as the financial advisor for $250 million in general obligation bonds and notes for the Sweetwater Union High School District, $50 million in lease revenue bonds, $150 million in tax allocation bonds and $64 million in pension obligation bonds for the City of Inglewood, $85 million in revenue anticipation notes and $70 million in special tax bonds for the City of Tustin and $80 million in utility revenue bond issues for the cities of Garden Grove and Healdsburg.
In addition to his finance credentials, Mr. Reynolds has over 12 years of professional experience in California city government, having served as the Deputy City Manager of the City of Oakland, and in the planning and redevelopment departments of the Oakland Redevelopment Agency, the Napa Redevelopment Agency, and the City of Emeryville.
He received his Bachelor’s degree from California State Polytechnic University, San Luis Obispo and received a Master’s in Public Administration (with honors) from San Francisco State University. As an investment banker, Mr. Reynolds held Series 7, 52, 53 and 63 securities licenses. Mr. Reynolds served on the Executive Board of Directors for the California Association for Local Economic Development and served on CALED’s Governmental Relations Committee.
Mr. Reynolds also served on the State of California Trade and Commerce Agency advisory task force and is a longstanding member of the California Society of Municipal Finance Officers and the California Redevelopment Association.