Former Broker Pleads Guilty to Running Massive Ponzi Scheme
October 10, 2019
Former broker Perry Santillo pleaded guilty in a New York district court on Tuesday to conspiracy to commit mail fraud,...
Stephanie Adamson
Articles
SFA Holdings Launches Alternative Investment Consulting and Distribution Firm
October 10, 2019
SFA Holdings Inc., an umbrella of companies focused on independent financial advisors, has launched Timbrel Capital to assist alternative product...
Two Former Morgan Stanley Teams Launch $1 Billion RIA
October 10, 2019
Robert Conzo and Eric Diton, a former executive director and managing director at Morgan Stanley, respectively, have launched The Wealth...
AltsWire Q&A with ADISA Executive Director John Harrison
October 10, 2019
ADISA’s 2019 Annual Conference & Trade Show starts next week in Las Vegas. What can the non-traded alternative investments industry...
ExchangeRight Takes Two Net-Leased Portfolios Full Cycle
October 9, 2019
ExchangeRight, the nation’s second largest sponsor of securitized 1031 exchange offerings, has brought two net-leased portfolios full cycle. The offerings...
Another KBS REIT Replaces External Advisor with Pacific Oak
October 9, 2019
KBS Strategic Opportunity REIT, a publicly registered non-traded real estate investment trust, will terminate its advisory agreement with KBS Capital...
FINRA Issues Regulation Best Interest/Form CRS Checklist
October 9, 2019
The Financial Industry Regulatory Authority has issued new resources to assist financial firms in their efforts to comply with the...
SmartStop Self Storage REIT Names Chief Operations Officer
October 9, 2019
SmartStop Self Storage REIT Inc., a publicly registered non-traded real estate investment trust formerly known as Strategic Storage Trust II,...
KBS Strategic Opportunity REIT II Replaces External Advisor
October 8, 2019
KBS Strategic Opportunity REIT II, a publicly registered non-traded real estate investment trust, has terminated its advisory agreement with KBS...
Virtua Capital Management Names Senior Vice President of Business Development
October 8, 2019
Virtua Capital Management, the capital formation arm of private equity real estate investment manager Virtua Partners, has hired Michael Roman...
LPL Financial Recruits $1 Billion Team from Advisor Group’s FSC Securities
October 8, 2019
LPL Financial LLC, the nation’s largest independent broker-dealer, has added 10 financial advisors with Financial Solutions Group to its broker-dealer...
Institute for Portfolio Alternatives Elects New Board Members for 2020
October 8, 2019
The Institute for Portfolio Alternatives (IPA), a trade organization representing the non-traded direct investment industry, elected 11 new directors at...
Carter Validus Mission Critical REITs Complete Merger
October 7, 2019
Carter Validus Mission Critical REIT II, a publicly registered non-traded real estate investment trust, has completed its merger with affiliated...
FINRA Bars Broker for Forging Customer Signatures on VA Policy Documents
October 7, 2019
The Financial Industry Regulatory Authority has barred Cristina Sabengsy, formerly with NYLIFE Securities LLC, for allegedly forging customer signatures on...
Envestnet Mourns the Sudden Passing of CEO Jud Bergman and Wife
October 7, 2019
Envestnet Inc. (NYSE: INV), a wealth management technology firm, announced that its chairman and chief executive officer Jud Bergman passed...
Triad Advisors Recruits Former LPL Hybrid
October 7, 2019
Triad Advisors LLC, an independent advisory and brokerage firm and subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE: LTS), has...
Everest REIT Investors Extends Close Date of Industrial Property Trust Tender Offer
October 7, 2019
Everest REIT Investors I LLC, a private real estate investment firm, has extended the expiration date of its unsolicited tender...
Griffin-American Healthcare REIT III Increases NAV Per Share
October 4, 2019
The board of Griffin-American Healthcare REIT III Inc., a publicly registered non-traded real estate investment trust, has approved an updated...
Court Grants Preliminary Approval to Settle $1 Billion Vereit/ARCP Class Action
October 4, 2019
Vereit Inc. (NYSE: VER), a publicly traded REIT formerly known as American Realty Capital Properties (ARCP), disclosed that during a...
Inland Private Sells Largest Pre-Recession Office Holding in Latest Full-Cycle Transaction
October 4, 2019
Inland Private Capital Corporation (IPC), an alternative investment management firm and a sponsor of 1031 tax deferred exchanges, has sold...
