The Montauk Group Opens Miami Office to Deliver Bank Relationship Management Services

AVENTURA, Fla.--(BUSINESS WIRE)--

The Montauk Group LLC, a Bank Relationship Management specialist headquartered in Manhasset, NY, has opened a Miami regional office, at 18851 NE 29th Avenue, Suite 725, in Aventura, Florida. This location will manage new services teams to help both U.S. and international businesses proactively manage their banking relationships in order to optimize fees, rates and account structuring, for maximum liquidity yield. The company also maintains a regional office in Oak Brook, IL.

The Montauk Group helps companies reduce bank fees by as much as 85%, increase depository interest rates by as much as 500% and optimize cash and treasury management processes. The company utilizes a combination of data-driven analytics and qualitative evaluation, based on its proprietary BankScore™ Global Bank Fees & Rates Index, to create negotiating leverage that enables it to guarantee hard money gains on cash under management.

“Every company has banking relationships, but few if any have the expertise to negotiate their banking services and associated fees. Any company that is not taking steps to scrutinize its bank costs and uncover all the ways the banks are using them to compensate for lost profits under new regulations is literally throwing money away. It is incumbent on every corporate finance officer to keep their banks competitive, to understand how the banks are passing through their revenue losses to make up their margins, and to recognize that bank fees and rates can be negotiated just like every other cost of doing business,” said Tamir Shafer, the Montauk managing partner in charge of the Miami office. Mr. Shafer has nearly two decades of Treasury management experience and has led investment banking Treasury teams internationally.

The BankScore Index is the heart of Montauk's Yield 180° Banking Relationship Audit process, a four-stage system that delivers an optimal bank cost scenario for each company and provides the ammunition for aggressive negotiations to lower bank fees, reduce loan rates and increase depository yields, for a guaranteed net cash gain. The comprehensive audit review also reveals whether client companies are paying for duplicate or unneeded bank services, or whether there are more appropriate and perhaps less costly bank services they could be utilizing.

“There is power in information. Our BankScore Index allows us to compare our client's rates and fees to those paid by other clients of their banks, as well as by customers of other banks. The evaluative analysis layered on top of this baseline data gives them perspective and leverage that they would never otherwise have,” said Mr. Shafer.

“Banks are increasing service fees across the board while interest rates linger at historic lows. Companies do not have to accept the terms of business banks are trying to enforce. We can help them fight back and our contingency-based service model guarantees results, so it's absolutely risk-free. Companies have nothing to lose by letting us help them stand up to their banks – but they have everything to lose if they don't,” Mr. Shafer said.

For more information, visit www.themontaukgroup.com, email upside@themontaukgroup or call toll-free 855.MONTAUK.

About The Montauk Group

The Montauk Group is a commercial Bank Relationship Management (BRM) specialist that enables customers to realize the full earnings potential of every cash flow dollar they manage. Utilizing its proprietary BankScore™ index to compare bank rates and fees, The Montauk Group delivers guaranteed hard money gains by negotiating directly with banks to optimize yields and maximize liquidity. Services are contingency fee-based, so Montauk is fully vested in the outcomes it achieves. The experts at Montauk have over 100 years of experience in treasury, cash management, and banking. Formed in 2010, the company is headquartered in Manhasset, New York. For more information, contact The Montauk Group at (855) MONTAUK, visit www.themontaukgroup.com or follow the company on Twitter @themontaukgroup.