The history of Mischler Financial Group began soon after the State of California led the nation by pioneering legislation that mandated the establishment of a Disabled Veterans Business Enterprise profile and enabled the creation of a new, minority-owned business category to support service disabled veterans (SDVs) in their pursuit of entrepreneurial initiatives. The spirit of this legislation was since adopted by the United States Congress through the enactment of The Veterans Entrepreneurship and Small Business Act of 1999 (The Act); legislation that was further expanded by Congress in 2001.**
Both our Founder & Chairman, Walter M. Mischler and Chief Executive Officer Dean Chamberlain are graduates of the US Military Academy at West Point (Class of ’69 and Class of ’85 respectively). Walt served with both distinction and decoration in the Vietnam theatre (1971-1972) before becoming disabled, but not disheartened. Though Walt’s injury caused the end of his infantry military service, it led to the beginning of his financial industry service, best demonstrated by his multi-decade tour of duty, where he continues to meet the needs of a broad spectrum of institutional investment managers, major corporations, and government agencies extending across federal, state and municipal landscapes. Similar to Walt’s military background, Dean Chamberlain’s military career, which extended more than five years, was cut short consequent to injuries sustained during a training mission. Soon thereafter, Dean re-focused his career goals and set out to first secure his MBA at Northwestern University’s J.L. Kellogg Graduate School of Business, which became his springboard to the financial services industry.
Walt and Dean have served in command and control roles throughout the course of more than a combined five decades of financial market volatility and industry change. Each of their careers is highlighted by leadership skills and commitment to fiduciary obligation, and for widely-respected command of institutional investor needs, fluency in the many types of equity and fixed income investment vehicles utilized by fund managers, and the logistical requirements that run parallel to meeting the needs of the most demanding constituents.
Of greatest importance, our executive leadership team has remained unwavering and steadfast for our passionate dedication to serving as a mentor to service-disabled US military veterans within our firm and the industry at large. In turn, protégés that serve both Walt and Dean as well as internal and external partners, serve with distinction and integrity while meeting the diverse and demanding needs of a client base that includes many of the Industry’s most-revered corporate treasurers, government entities and a broad spectrum of public pensions and institutional fund managers.
*California’s Disabled Veterans Business Enterprise Program provides an annual mandate for which 3% of all contracts let by all entities of the State government and 5% of all contracts let by public utilities, regulated by the California Public Utilities Commission, be provided to business enterprises owned and operated by disabled veterans (DVBE). A complete outline of the California Program is available here.
**The Act requires that the Small Business Administration and other federal agencies implement policies and programs assisting veterans, particularly service disabled veterans (SDV’s), in among other things, the procurement of contracts with federal agencies. The government-wide goals for participation by SDV’s was set to be at least 3% of the total value of all prime contract awards for each fiscal year. According to legal opinion the 3% mandate applies to the financial services sector since the law seeks to improve the position of minority, women and disabled veterans business enterprises in procuring construction, commodities and professional service contracts.
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