Wilary Winn - Estimation of Fair Value, Asset Liability Management (ALM), and Valuation of Illiquid Financial Instruments

Advice to Strengthen Financial Institutions

Expertise

Every member of our senior team has worked in the financial services industry and we understand our clients’ needs from “your side of the desk.”

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Wilary Winn continues to grow rapidly and the firm offers our financial analysts the opportunity to work on engagements that are at the forefront of issues in the financial services industry, including mergers and acquisitions, valuation of illiquid financial instruments and asset liability management.

Founded in 2003, Wilary Winn has grown rapidly and now has more than 500 financial institution clients in 49 states. Our clients include 60 publicly traded banks and 39 of the nation’s top 100 credit unions. Our primary competitors are based in New York and this position provides an opportunity to deal with some of the financial industry's most complex issues from our offices in St. Paul.

Our financial analysts work with state-of-the-art technology including Bloomberg, Intex, Black Book, SNL Financial, ZM Financial Systems, Inc., and our proprietary cash flow engines.

Our advice is centered on practice, not theory.

We are very intentional as to the valuations we are willing and unwilling to undertake.  Our strengths are based on our previous work in asset-backed securitization and we use state-of-the-art discounted cash flow models to perform our work.  We have spent years developing and testing our valuation inputs and we are a national leader in many of our service offerings including fair value advice related to credit union mergers, as well as valuing non-Agency MBS, servicing rights, and pooled trust preferred CDOs.  We have leveraged this knowledge into our ALM business line and we are perceived as a leading edge and state-of-the art provider. 

Because we have incorporated bottom up credit modeling into our services, we can offer capital stress testing, concentration analyses, and fully compliant CECL calculations.  We believe these engagements represent the most powerful use of our analytical models.

We are also experts regarding the accounting and regulatory rules related to fair value and have recently led seminars on the subject for many of the country's largest public accounting firms, the AICPA, the FDIC, the FFIEC, and the NCUA. We also developed an accounting and regulatory guide about the Federal Home Loan Banks Mortgage Partnership Finance® (MPF®) program now in its ninth printing.

Senior Team

Frank J. Wilary, Principal and Co-founder

Mr. Wilary has nearly twenty-five years of diversified experience in the financial services industry and has served financial institution clients for the past thirteen years.  Areas of expertise include asset-liability management, credit loss modeling, capital markets, structured finance, derivatives and information systems. Read Full Bio »

Douglas M. Winn, President and Co-founder

Mr. Winn co-founded Wilary Winn. His primary responsibility is to set the firm’s strategic direction. From an idea in 2003, Wilary Winn has grown into a national presence with financial institution clients located in 49 states. Read Full Bio »

Eric J. Nokken, Director

Mr. Nokken has fifteen years of experience in the financial services industry and has been with Wilary Winn for over twelve years. Mr. Nokken leads Wilary Winn's Valuation of Mortgage Servicing Rights and Mortgage Banking Derivatives business lines. Read Full Bio »

Matt Erickson, Director

Mr. Erickson joined the firm in 2010 after graduating from the Carlson School of Management with a bachelor's degree in finance. Matt plays an integral role in the firm's fair value business line. Read Full Bio »

Ms. Hartman joined Wilary Winn in January of 2014. Katelin graduated from the University of Wisconsin- Green Bay with a bachelor's degree in finance and a minor in accounting. Read Full Bio »

Sean Statz, Manager

Mr. Statz joined the firm in September of 2013. Sean graduated from the University of Wisconsin - Madison School of Business with bachelor's degrees in risk management and finance. Read Full Bio »

Cheryl Cronkhite, CPA, Controller

Ms. Cronkhite is a Certified Public Accountant and has nearly twenty years of financial experience. Ms. Cronkhite teams with senior Wilary Winn directors on the firm's accounting and fair value engagements. Read Full Bio »

Financial Analysts

Ipshita Borgohain, Senior Financial Analyst

Ms. Borgohain joined Wilary Winn in 2015 and has since become a key asset in our fixed income product lines. As a Senior Financial Analyst, Ipshita supervises our team of analysts on valuations of non-agency MBS, TDRs and ASC 310-30 loans. Read Full Bio »

Anneliese Ramin, Senior Financial Analyst

Ms. Ramin has been with the firm since 2015. In her role as a Senior Financial Analyst, Anneliese supervises analysts working on valuations of mortgage servicing rights portfolios, non-maturity deposit valuations and valuations of trust preferred CDOs. Read Full Bio »

Cole Schulte, Financial Analyst II

Mr. Schulte joined the firm in 2016 and has since become a key contributor to the firm’s fair value engagements, especially mergers and acquisitions, goodwill impairment tests and ASC 310-30 loan valuations. Read Full Bio »

Michael Tessier, Financial Analyst II

Mr. Tessier has been with the firm since 2016 and focuses on ongoing asset liability management, asset liability management validations, concentration risk valuations, and Current Expected Credit Loss (CECL) compliance engagements. Read Full Bio »

Joseph Trabant, Financial Analyst II

Mr. Trabant joined the firm in 2016 and works primarily on asset liability management, concentration risk management and Current Expected Credit Loss (CECL) Readiness valuations. Read Full Bio »

Andrew Broadnax, Financial Analyst

Mr. Broadnax joined the firm in June of 2017. Andrew graduated in 2017 from the University of Wisconsin–Madison with Bachelor’s Degrees in Mathematics and Economics. Read Full Bio »

Justin Krabben, Financial Analyst

Mr. Krabben joined the firm in November 2017. He graduated from the College of St. Scholastica in 2016 with a double major in Finance and Accounting. Read Full Bio »

Hao Xu, Financial Analyst

Ms. Xu joined the firm in February of 2017. Hao graduated from McCombs School of Business at the University of Texas at Austin with a Master’s Degree in Finance. Read Full Bio »

Marketing and Operations

Autumn Stees, Marketing & Operations Analyst

Ms. Stees joined the firm in June of 2017. Autumn graduated from the University of Wisconsin-River Falls with a Bachelor's Degree in Business Administration with an emphasis in Marketing. Read Full Bio »

Support

Darlene Wood, Executive Assistant

Ms. Wood joined the firm in December 2014 as Executive Assistant. She has over thirty years of experience as an executive assistant and operations support manager in the fields of healthcare, consulting, and financial services, including twelve years with McGladrey LLP in their Financial Institutions practice and The Bank CEO Network. Read Full Bio »

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