Advisor Group Expands Coronavirus Response Resource Center
May 1, 2020
Advisor Group, a network of independent wealth management firms, has expanded its coronavirus response resource center, a platform of services...
Stephanie Adamson
Articles
Sierra Income Corporation Suspends Distributions
May 1, 2020
The board of Sierra Income Corporation, a non-traded business development company, has suspended monthly distributions, indicating that the suspension is...
UMB Fund Services Names Key Account Manager of Distribution Services
May 1, 2020
UMB Fund Services has hired James Curry as key account manager of distribution services. Curry has more than 20 years...
Phoenix American Financial Services Hires Vice President of Sales
May 1, 2020
Phoenix American Financial Services Inc., a provider of fund administration, fund accounting and transfer agent services for the alternative investment...
LPL Financial to Buy Lucia Securities
April 30, 2020
LPL Financial LLC, the nation’s largest independent broker-dealer, has agreed to purchase Lucia Securities, a broker-dealer and registered investment advisor...
FINRA Fines Kestra for Violating Customer Privacy
April 30, 2020
The Financial Industry Regulatory Authority has censured and fined Kestra Investment Services $125,000 for purportedly helping certain recruited brokers take...
EJF Capital JV Buys Multifamily Development in Jacksonville Opportunity Zone
April 30, 2020
EJF OpZone Fund I LP, a qualified opportunity zone fund sponsored by alternative investment manager EJF Capital LLC, and Chance...
Carter Validus Mission Critical REIT II Urges Shareholders to Reject MacKenzie Tender Offer
April 30, 2020
Carter Validus Mission Critical REIT II Inc., a publicly registered non-traded real estate investment trust, is urging investors to reject...
Cetera “Temporarily” Halts Sales of Non-Traded NAV REITs and Interval Funds
April 29, 2020
Cetera Financial Group, a network of independent broker-dealer firms, has halted sales of certain real estate based alternative investment products,...
ExchangeRight Fully Subscribes $119 Million Net-Leased DST Offering
April 29, 2020
ExchangeRight has fully subscribed its $119 million Delaware statutory trust offering, Net-Leased Portfolio 32 DST, in two months after its...
Capital Square 1031 Launches $26 Million DST Offering
April 29, 2020
Capital Square 1031, a sponsor of Delaware statutory trust offerings, has launched a Regulation D private placement offering, CS1031 Abbington...
Docupace Sells Majority Stake to Private Equity Firm, Appoints New CEO
April 29, 2020
Docupace, a cloud-based digital operations software for wealth management firms, has secured a majority equity investment from FTV Capital, a...
Megatel Homes Launches Homeownership Program for COVID-19 First Responders
April 29, 2020
Megatel Homes, a Texas-based homebuilder that funds part of its operations through private placements offered by its capital markets division...
Capital Square Hires Regional Vice President of Northeast Sales
April 28, 2020
Capital Square, an investment sponsor specializing in tax-advantaged real estate offerings, has expanded its sales team with the addition of...
Business Development Corporation of America Changes Dividend Payment Frequency
April 28, 2020
Business Development Corporation of America, a non-traded business development company affiliated with Benefit Street Partners, has changed the timing of...
Benefit Street Partners Realty Trust Changes Timing of Dividend Payments
April 28, 2020
Benefit Street Partners Realty Trust Inc., a publicly registered non-traded real estate investment trust, has changed the timing of its...
Former Wells Fargo Team Joins LPL with $300 Million in Client Assets
April 28, 2020
LPL Financial LLC, the nation’s largest independent broker-dealer, announced that financial advisors Mike Ashworth, Steve Collie, and Katheryn Gordon have...
Non-Traded NAV REITs Outperform Traded REITs as COVID-19 Impacts Real Estate Values
April 27, 2020
According to investment bank Robert A. Stanger & Company, the COVID-19 pandemic is taking its toll on real estate securities,...
WealthForge Hires Director of Managing Broker-Dealer Services
April 27, 2020
WealthForge, a financial technology company that helps automate investments into alternative securities, has hired Michael Roman as director of managing...
SmartStop Self Storage REIT Lowers NAV Per Share
April 27, 2020
SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust formerly known as Strategic Storage Trust II,...
