Cetera Names New Presidents to Wealth Management and Solutions Divisions
December 20, 2024
Cetera Financial Group announced strategic leadership changes that it said are “aimed at enhancing growth and advancing its adviser-centric platform”...
Mari Nicholson
Mari Nicholson is the managing editor of The DI Wire. She reports on alternative investments for retail investors that are distributed via broker-dealers and registered investment advisers, as well as topics that affect these investors, financial advisers, and sponsors. Alternative investment funds covered by The DI Wire include real estate investment trusts, business development companies, interval funds, closed-end funds, Delaware statutory trusts, utilized for tax-advantaged 1031 exchanges, qualified opportunity zone funds, as well as other unlisted publicly registered offerings and private placement investments.
Articles
Wells Fargo, LPL Financial Fined $900K Each for Inaccurate Reporting
December 20, 2024
Two major broker-dealers, Wells Fargo Clearing Services and LPL Financial, have each been censured and fined $900,000 by the Financial...
ICAN Files Petition, Pressing SEC to Review Accredited Investor Definition
December 19, 2024
The Investor Choice Advocates Network, or ICAN – a nonprofit public interest litigation organization dedicated to serving as a legal...
Starboard Realty Advisors Announces Launches $28.1M DST Offering in Ohio
December 19, 2024
Real estate investment firm Starboard Realty Advisors LLC announced a $28.1 million investment opportunity with Starboard Elan DST. This 1031...
FINRA Hits UBS With Nearly $3.5M Penalty for Unsuitable Short-Term Trading of Syndicate Preferred Stocks
December 19, 2024
The Financial Industry Regulatory Authority has acted against global brokerage firm and investment adviser UBS Financial Services Inc., or UBS-FS....
NewStar Exchange Launches $14 Million DST Offering on Behalf of Charlotte, N.C., Asset
December 19, 2024
NewStar Exchange, a subsidiary of NEWSTAR, has acquired Hadley Crossing by Stella Homes, a single-family rental subdivision located in Charlotte,...
Inland, J.P. Morgan Expand Adviser Access for Alts With CAIS Platform Partnerships
December 19, 2024
Several more industry powerhouses have made their alternative investment strategies available to advisers through the CAIS platform for advisers. Inland...
Webinar: All About UPREITs, 1031 and 721 Exchanges
December 19, 2024
Interested in the latest ways to build potential wealth with alternative investments? Increasingly, real estate investment trust sponsors are providing...
Bluerock Value Exchange Fully Subscribes Third Industrial Portfolio DST for $41.2 Million
December 18, 2024
Bluerock Value Exchange, a national sponsor of 1031 exchange and Delaware statutory trust investment programs, has fully subscribed BR Diversified...
Commonwealth Adds Two Former Osaic Firms With Nearly $500 Million in Assets
December 18, 2024
Registered investment adviser Commonwealth Financial Network welcomed a pair of Jericho, N.Y.-based independent advisory firms that were previously affiliated with...
Capital Square Fully Subscribes DST Build-for-Rent Offering Near Chattanooga
December 18, 2024
Capital Square, a sponsor of tax-advantaged real estate investments, announced that its CS1031 Valley Ridge BFR Housing, DST offering has...
Pacific Oak Capital Markets Hires Senior Wholesaler for SoCal Territory
December 18, 2024
Alternative investment distributor Pacific Oak Capital Markets LLC announced that financial services industry veteran Tracy Mousner has joined the company...
Inland Purchases Senior Living Portfolio in Arizona, Missouri, Tennessee
December 18, 2024
Inland Real Estate Acquisitions LLC, the purchasing arm for various Inland-sponsored programs including Delaware statutory trusts, has negotiated and closed...
ExchangeRight REIT Delivers Bonus Distribution to Class ER Share Investors
December 17, 2024
ExchangeRight, a sponsor of Delaware statutory trust and non-traded real estate investment trust investment offerings, has made its first bonus...
CIM Real Assets & Credit Fund Acquires Prominent Retail, Commercial Space in L.A.
December 17, 2024
CIM Real Assets & Credit Fund – a continuously offered closed-end interval fund sponsored by CIM Group – has acquired...
Industry Leaders to Discuss Increasingly Popular 721 UPREITs
December 17, 2024
Internal Revenue Code Section 1031 exchanges have been around for more than 100 years, and been utilized to facilitate tax-advantaged...
Opto Launches ‘Planner’ Tool to Build Custom Private Markets Allocations
December 17, 2024
Financial technology firm Opto Investments has announced the launch of its latest tool. “Planner” simplifies long-term private markets investing by...
LPL Adds Former Osaic Team With $540 Million in Client Assets
December 17, 2024
The advisers of Prestige Wealth Group, led by managing partners Rich Galgano, CFP, and Matt Geraci, CFP, have joined LPL Financial’s...
Strategic Student & Senior Housing Trust to Pay Special Distribution to Stockholders
December 16, 2024
Strategic Student & Senior Housing Trust Inc., a publicly registered, non-traded real estate investment trust, recently released its third quarter...
Aphorio Infrastructure Fund Acquires $10M Northeast Data Center
December 16, 2024
Aphorio Carter Critical Infrastructure Fund, LLC, has acquired the Trumbull Data Center in Trumbull, Conn., for approximately $10 million. Launched in...
