Financial Engineering 1 LLC was incorporated in the State of Florida in 2001 by Jaime Cuevas Dermody to provide problem-solving services and intellectual property of a financial nature. Clients included money-center banks, major law firms, large hedge funds and real estate developers, as well as oil-and-gas service companies.

Financial Engineering and its principal do the following:

1. Provides the "Partnership Representative" or the Partnership Representative's “Designated Person”, as a fiduciary or non-fiducary, for partnerships under IRS Regulation 301.6223-1(b)(3)(ii) in the New Partnership-Audit Rules, which takes effect with partnership tax year starting after 2017;

2. Develops economically-efficient partnership-agreement modifications, that cope with the New Partnership-Audit Rules;

3. Creates trade ideas and structured products;

4. Values financial positions and businesses in sales and bankruptcies;

5. Measures, and develops strategy to mitigate, interest-rate risk;

6. Develops efficient domicile and corporate governance;

7. Teaches financial-product and partnership accounting and taxation;

8. Evaluate tax lawyers and accountants for firms hiring such; and

9. Serves of board of directors of financial and oil-and-gas-service firms.

In support of these lines of business, Financial Engineering has expertise in many areas, from mathematical finance to Islamic finance, and has amassed large data bases.