Charlie Piermarini

What Is a Money Market Fund?

Charlie Piermarini is a retired financial executive with decades of experience in e-commerce and capital markets. He served as the executive managing director at BMO Capital Markets in Chicago, Illinois. As the executive managing director, Charles “Charlie” Piermarini was responsible for global fixed income and money market sales.

A money market fund is a type of fixed income mutual fund that invests majorly in cash and securities equivalent to cash. It invests in debt securities characterized by minimal credit risk and short maturities. A money market mutual fund has low volatility and the income generated can either be tax-free or taxable depending on the securities.

Money market funds mostly invest in U.S Treasuries, certificates of deposit, commercial paper, repurchase agreements, and bankers’ acceptances. According to the rules Securities and Exchange Commission, a money market fund portfolio must have a weighted average maturity of 60 days or less. Money market funds issue shares to investors under the guidelines set by the Securities and Exchange Commission.

RMEF Conservation Efforts

Now based in Vero Beach, Florida, Charles “Charlie” Piermarini concluded a successful 34-year career in 2012, following 15 years as executive managing director of BMO Capital Markets in Chicago, Illinois. His interests in retirement have ranged from scuba diving to fishing. Charlie Piermarini also supports several organizations, including the Rocky Mountain Elk Foundation.

Rocky Mountain Elk Foundation (RMEF) stands as the largest big-game conservation group in the nation. Over the last 36 years, RMEF has conserved approximately one square mile of elk habitat per day, for a total of nearly 8 million acres throughout the United States and Canada. This acreage has been permanently protected through the organization’s conservation efforts.

Today, RMEF continues to oversee unique conservation and land protection projects in nearly every state with the help of more than 234,000 members and thousands of volunteers. These projects vary widely in nature, from efforts to restore native elk populations to promoting conservation easements on private land. Other initiatives, meanwhile, emphasize the importance of access to and protection of public lands.

For a more comprehensive breakdown of conservation efforts in various states, please visit www.rmef.org.

Debt Capital Markets Defined

A retired Chicago financial professional whose industry experience spans over four decades, Charles “Charlie” Piermarini held top profile positions including his last position before retirement at BMO Capital Markets where he served as the executive managing director. Charlie Piermarini’s responsibilities included overseeing money market sales and trading, global fixed income, and debt capital markets.

A debt capital market is a market whereby both companies and governments seek to raise funds through the trading of debt securities, such as government bonds, corporate bonds, and credit default swaps. Debt capital markets in the United States are regulated by the Securities Exchange Commission (SEC).

Debt capital market professionals generally provide expert advice and recommendations to companies and agencies that want to raise debt. Raising debt is a process whereby a business entity borrows funds and subsequently pays interest on those funds as opposed to equity where a business sells off part of its percentage ownership and doesn’t pay any interest.

Debt capital allows companies to access long-term capital at lower rates and funds obtained can be utilized for restructuring current debt, refinancing, or facilitating a potential merger with another company. DCMs are vital because they determine the level of interest rates. Higher interest rates mean lower consumer borrowing and spending thus less investment. On the other hand, lower interest rates increase consumer borrowing and spending as consumers have confidence in the economy.

Beginner Tips for Clay Shooting

Charles “Charlie” Piermarini worked as an executive managing director at BMO Capital Markets during his financial career. Now retired, Charlie Piermarini pursues many interests, including shooting sports such as clay shooting.

Many hunting and shooting sports enthusiasts enjoy clay shooting, which involves shooting airborne clay discs with a shotgun. While some people use clay shooting as practice for hunting, others simply enjoy the shooting sport on its own. When trying clay shooting for the first time, a person should keep a few key shooting tips in mind.

First of all, the person should follow certain safety guidelines. He or she should wear gear that protects the eyes, such as shooting glasses that are well fitted to the person’s face. Ear protection, which could be earplugs or special earmuff-type coverings, should be worn as well. Of course, one should not shoot clays without knowledge of proper gun safety beforehand.

When it comes to technique, improvement comes with practice. However, some key tips include keeping both eyes open when shooting and to look straight down the barrel of the gun when following the clay. The shooter should aim to keep a well-balanced stance, with a slight bend in the knees. It also helps to put a little more weight on the forward leg for better control and to more easily track the clay’s movement.

The Lifetime Membership of Rocky Mountain Elk Foundation

The former executive managing director of debt products at BMO Capital Markets, Charles “Charlie” Piermarini is currently retired and living in Vero Beach, Florida. Charlie Piermarini enjoys hunting and shooting sports. He is connected to people with the same hobbies through several clubs and foundations, such as the Rocky Mountain Elk Foundation (RMEF) and the Vero Beach Clay Shooting Sports club.

Founded in 1984, RMEF is one of the largest conservation foundations in the country with over 230,000 members. It is dedicated to creating and enhancing wildlife habitats, advocating for elk as well as hunters, and addressing the challenges of conservation and wildlife management.

To join RMEF and help it to fulfill its mission of protecting and managing elk habitat, individuals can choose between four memberships. The most advanced is the life membership, which provides benefits such as a lifetime subscription to RMEF’s magazine, member discounts on gear, and tax deduction opportunities, among others.

The lifetime RMEF membership can be paid at once ($1,500), or by putting $300 down plus $100 a month for 12 months. Upon joining, lifetime RMEF members receive a cooler, an engraved plaque, an RMEF cap, a lapel pin, and a decal.

Why Scuba Divers Should Never Hold Their Breath

Charles “Charlie” Piermarini spent more than three decades holding executive-level roles in the banking and finance sectors. An MBA graduate of the University of Chicago, he most recently served as the executive managing director of BMO Capital Markets. Now retired, Charlie Piermarini enjoys scuba diving.

All beginning scuba divers are taught that they should not hold their breath when diving. According to Boyle’s law, an inverse relationship exists between the volume of gas and the pressure of the gas. As pressure decreases around gas, the volume increases. This may make the volume too much for the container, forcing it to find a way to escape.

In scuba diving, this law applies to the lungs. When divers take a breath and hold it, they are creating a closed system that does not allow air to escape. When divers take a breath below the surface of the water, the pressure of the air matches the pressure of the water, at that time. However, if divers hold their breath while ascending, the surrounding pressure decreases, causing the volume of the air in their lungs to increase.

As a result, the lungs may overexpand and cause an arterial gas embolism or a collapsed lung. Both of these situations are serious and may lead to the diver’s death.

About Charlie Piermarini

Charles “Charlie” Piermarini is a retired Chicago financial professional who served as the executive managing director of debt products with BMO Capital Markets for 15 years. Among his responsibilities were trading and selling money market and global fixed income holdings. Also an executive committee member of the investment bank, Charlie Piermarini excelled in delivering consistent results.

With a background at the BMO organization extending to the late 1980s, Piermarini initially worked for the London office as the treasurer. He later relocated to Toronto and functioned as the global head of money market and derivatives trading and sales.

Piermarini also has past experience as the president and CEO of Harrisdirect, one of North America’s largest direct brokerages. Tasked with defining corporate direction, he oversaw the delivery of a full range of brokerage services and products.

A magna cum laude undergraduate of Washington University in St. Louis (WashU), Charles Piermarini earned his master of business administration at the University of Chicago. Community-involved, he is active with WashU’s Chicago Regional Cabinet.

Charlie Piermarini : Website