Wall Street Transcript Interview with Jeffrey W. Mahony, Director and CEO of SaveDaily, Inc. (SAVY)
67 WALL STREET, New York - June 7, 2013 - The Wall Street Transcript has just published its Business and Application Software Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Application Software Consolidation Activity - Cloud Computing and SaaS Trends - Cloud Computing - SaaS and PaaS
Companies include: SaveDaily, Inc. (SAVY) and many more.
In the following excerpt from the Business and Application Software Report, the Director and CEO of SaveDaily, Inc. (SAVY) discusses company strategy and the outlook for this vital industry:
TWST: When you look at your goals and strategies for the next 12, 24 months, what specific accomplishments in that time period would equal success for SaveDaily?
Mr. Mahony: We've grown substantially year after year. We are looking at growing the number of access points we have to the demographic we want to serve. That means more banks, more credit unions, and more broker/dealer operations. It also means more centralized focus points.
For instance, there are unions and groups that collectively create benefits for certain demographics, whether it's AARP or other similar-type organizations. Those become natural access points or distribution points. They also have a need that is currently unfulfilled that we believe that we can fulfill. In terms of trends and developments that we are focused on, it's not only house savings accounts, but also health reimbursement accounts.
Health reimbursement accounts seem to be bringing on a lot of steam although it's an old product. In recent years there has been resurgence. We are starting to get a tremendous increase in inquiries from companies that are managing health reimbursement accounts. They want us to look at them in the same way that we are looking at health savings accounts by providing an investment option behind that type of account. Though they are a bit of a different animal, and they certainly have their own regulations, they lend themselves very nicely to small account investment solutions like ours.
The other uptick we've seen is with capital-protection strategies. There is high demand right now, especially in evolving markets and markets that are fluctuating – like we are seeing today. With the scare of another economic downturn still on the horizon, capital protection strategies are becoming very relevant. We have aligned ourselves with the Milliman Group, which is about at $800 billion in worldwide assets and specializes in risk-management strategies with an eye towards lowering volatility and creating capital protection. We are now a retail arm on an exclusive basis for the U.S. domestic market, and we are actively pursuing those models, bringing them not only to traditional financial institutions, but also...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
