Lerma Chamberlain

Headquartered in Austin, APS Financial Corp., a subsidiary of APS Investment Services, Inc., is a full service securities, research and investment banking firm. APS offers a range of services including trading of debt and equity securities, high-yield and distressed research, private debt and trade claims sourcing and clearing, investment banking and asset management. APS focuses on fixed-income securities, specializing in high yield, including distressed debt, as well as investment grade debt securities. Their research includes a wide range of industries including healthcare, media/telecommunications, metals & mining, energy, automotive suppliers, consumer products and retail. APS is a member of the NASD. They were founded in 1981.