The Alternative & Direct Investment Securities Association (ADISA), a trade association representing the alternative and direct investment space, announced the 2020 directors for its board, as selected by its members.
ADISA holds democratic elections, hosted by a neutral online vendor, which are open to all member categories (with a maximum of three votes per firm). ADISA board elections occur in the fall; each new director was elected to a two-year term through 2021.
The eight newly elected (or re-elected) directors are:
Catherine Bowman, The Bowman Law Firm
David Johan, Legacy Wealth Management
Nati Kiferbaum, Inland Private Capital Corporation
Mark Kosanke, Concorde Investment Services
Matthew Malone, FS Investments
Ann Moore, International Assets Advisory
Brad Updike, Mick|Law
Thomas Voekler, Kaplan Voekler Cunningham & Frank.
The newly elected directors join the returning 2018 board members, who were elected last fall to two-year terms, and include:
Larry Sullivan, 2020 ADISA President, Passco Companies
Greg Mausz, 2019 ADISA President, Preferred Apartment Communities
Brandon Balkman, Orchard Securities
Brian Buehler, Triton Pacific Securities
Sherri Cooke, AI Insight
John Grady, Practus
Jean Merriman, Strategic Financial Alliance
Joe Michaletz, Discipline Advisors
Vali Nasr, Claraphi Advisory Network
Darryl Steinhause of DLA Piper also serves as non-voting, volunteer legal counsel.
“I could not be more pleased with the composition and diversity of the 2020 board of directors,” said Sullivan. “A full extent of constituents is well represented, which emphasizes the value in ADISA’s process of holding open and inclusive elections as the key driver of the formation of its leadership.”
ADISA bills itself as the nation’s largest trade association representing the non‐traded alternative investment space. Its 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. The association was founded in 2003 and has approximately 5,000 members.