Naples Investment Firm Pledges $50,000 to Create Financial Trading Room
in New Business Building at FGCU
FORT MYERS, FL - Naples investment firm Wasmer, Schroeder & Company, Inc. pledged $50,000 to Florida Gulf Coast University Jan. 23 to name a hands-on classroom in the future Lutgert Hall, which will house the Lutgert College of Business at FGCU.
"We are especially pleased to accept this donation," dean of the Lutgert College of Business Richard Pegnetter said. "In addition to being the first naming opportunity inside Lutgert Hall, this gift supports an activity that helps establish the image of the business school."
The Wasmer, Schroeder & Company, Inc. Classroom will function as a real world financial trading room and will be located in a highly visible area to showcase trading activity as people enter the building.
FGCU's graduate course Finance 4934 Student Managed Investment Fund is a seminar in security analysis and portfolio management in which students experience the actual investment management process by analyzing and investing designated funds into a variety of securities
Wasmer, Schroeder & Company has a long-standing relationship with both the Lutgert College of Business and the FGCU Foundation, for which the firm has managed assets since 2001.
The firm's principals, Marty Wasmer and Michael Schroeder, have both lectured as guests in FGCU business classes and have been impressed with students' enthusiasm.
Through work with the CFA Society of Naples and its investment management members, Wasmer and Schroeder help identify FGCU business students for scholarships as part of the Society's initiative.
"The concept of students managing funds as a part of their business training evolved as we worked with students and professors," Schroeder said. "We wanted to lead by example and were therefore motivated to support establishing a financial trading classroom."
"We have every confidence that the University as always will do an excellent job with this great tool."
Last year, Raymond and Beverly Lutgert donated $5 million for the construction of a building to house the Lutgert College of Business. The state of Florida will match the gift and provide an additional $8.8 million to bring the total money available for construction to $18.8 million.
Wasmer, Schroeder & Company, Inc. is privately owned and operated, and specializes in the management of fixed income portfolios as a niche market. As of December 2005, the company managed $1.3 billion in fixed income assets.
For more information, media representatives should contact senior director of Advancement Linda Lehtomaa at (239) 590-1071.
A high-resolution photograph of the signing is available for download at