The Alternative & Direct Investment Securities Association, a trade association serving the alternative investment and securities industry, announced the results of its annual board of directors election for 2024. ADISA holds democratic elections hosted by a neutral online vendor, and the elections are open to all member categories (with a maximum of three votes per firm).
The six newly elected (or re-elected) board directors are:
Christy Hutchison, Shopoff Realty Investments
Matthew Iak, U.S. Energy Development Corporation
Kyle Kadish, IBN Financial Services
Mark Kosanke, Concorde Financial
Brad Updike, Mick Law
Joanna Venetch, Hana Solutions
Additionally, three directors-at-large were appointed by the ADISA executive committee:
Catherine Bowman, The Bowman Law Firm
Ann Moore, International Assets Advisory
David Pittman, Cottonwood
They join the returning 2023 board members, who were elected or appointed last fall to two-year terms:
Jade Miller, 2024 ADISA president, Bourne Financial Group
Michael Underhill, 2024 ADISA immediate past president, Capital Innovations
Angela Barbera, NexPoint
Mat Dellorso, WealthForge
Sylvia Kwan, Ellevest
Stephen Lovell, Lovell Wealth Management
Greg Mausz, Skyway Capital Markets
Amanda Teeple, Concept Capital Markets
David Wilson, Equifinancial
ADISA board elections occur in the fall; each new director was elected to a two-year term through 2025. At the first board meeting of 2024 in January, the board will elect its 2024 officers and its president-elect to take office in 2025.
The Alternative & Direct Investment Securities Association bills itself as the nation’s largest trade association representing the non‐traded alternative investment space. ADISA’s members are typically involved in non-traded real estate investment trusts, business development companies, master limited partnerships and private and public funds (LPs/LLCs), 1031 exchange programs (DSTs/TICs), energy and oil and gas interests, equipment leasing programs or other alternative and direct investment offerings.