DIXWORKS LLC is a single member limited liability company organized under the laws of the State of Connecticut founded on March 8, 2001 by Dennis Dix, Jr. The firm’s objective is to provide outstanding financial advisory and consulting services to medium- and smaller-sized Connecticut issuers on a selective basis.
Dennis retired as a Vice President from Fleet National Bank in March 2001, closing out 31 years of financial advisory service to Connecticut’s cities, towns, and special tax and regional school districts. During his long career, Dennis personally advised on bond issues in excess of $750 million and note issues totaling slightly less than $1 billion. Dennis realized there was a need for superior quality service and customer concern that was lacking in larger institutions. DIXWORKS LLC, unlike corporate players that rely on quantity, concentrates on quality and attention to detail. By focusing on the needs of the issuer rather than the bottom line, DIXWORKS LLC strives to achieve the highest standard of service, integrity, and professionalism.
The firm currently has over twenty financial advisory clients who have retained DIXWORKS LLC which include the towns of Avon, Deep River, East Granby, East Putnam Fire District #1, Franklin, Granby, Lebanon, New Hartford, North Stonington, Oxford, Pomfret, Prospect, Regional School Districts No. 4, 7, 16, 17, and the Town of Winchester.
Issuer confidence in the philosophy and expertise of DIXWORKS LLC has been gratifying. Current clients range in credit from Aaa to non-rated and in form of government from Manager to Mayor to First Selectman.
Qualifications and Experience
Dennis Dix, Jr. is the senior practicing municipal financial advisor in the State of Connecticut.
He has negotiated numerous advance and current refundings in times of favorable interest rates, saving issuers hundreds of thousands of dollars in debt service costs.
In 1997, he assisted the Town of Avon in obtaining the first new Connecticut Aaa rating from Moody’s in 19 years.
In recent years, DIXWORKS LLC has utilized the bank loan market for his smaller issuers with savings in issuance costs, staff time, and flexibility. Issuers have appreciated the ease and convenience of the bank loan process. While DIXWORKS LLC is prohibited by regulation to directly approach potential bank lenders, the firm works in the background with the issuer and Bond Counsel in compliance with regulatory guidelines.
In June of 2020, DIXWORKS LLC relocated from Avon, CT to Boynton Beach, FL. Dennis continues his services remotely from his new location much as he has done for the past several years, moreso enforced by the limitations imposed by Covid-19. He is assisted in Connecticut by James Nytko of Local Government Solutions LLC based in Brewster, NY who serves as boots-on-the-ground for local issues.
49 Years of Service 1971 - 2020