Results for "trusts"

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Budget plan hard on high-net-worth

April 14, 2013

President Barack Obama dealt financial advisers a double whammy in his 2014 budget proposal last week, proposing changes to how high-income clients save for retirement and how they pass on wealth to their heirs. The president's $3.78 trillion...

Giving spree seen complicating taxes

April 7, 2013

With the April 15 deadline for filing tax returns fast approaching, financial advisers face a deluge of tax returns involving substantial gifts — a vestige of clients' giving spree due to their tax uncertainty late last year. Doubt about the...

Gay marriage would shake up benefits game

March 31, 2013

Client tax returns, insurance policies and wills are just a few of the documents that advisers are thinking they might have to throw away and rewrite if the federal law that bans gay marriage is overturned by the Supreme Court. The scenario...

REIT spurns rival's offer, pursues its own agenda

March 24, 2013

In a move likely to confuse and perhaps anger some financial advisers, Cole Credit Property Trust III, a nontraded real estate trust, rejected an unsolicited offer to be acquired by a rival REIT and instead reiterated its plan to acquire its...

Investors up in arms over Cole's quick kick of $5.7B offer

March 24, 2013

Chris Cole painted himself into a corner last week when — in a 24-hour period — he received and rejected a $5.7 billion takeover bid for his nontraded real estate investment trust, Cole Credit Property Trust III Inc. In that corner, Mr....

Shareholders dog top nontraded REIT

March 17, 2013

The largest nontraded real estate investment trust, the $10.8 billion Inland American Real Estate Trust Inc., last Wednesday said some investors are alleging that its management failed in its fiduciary responsibility, resulting in false valuations...

Nontraded REIT Cole in deal with sponsor, manager

March 10, 2013

One of the giant nontraded real estate investment trusts, Cole Credit Property Trust III, plans to buy its asset manager and sponsor company, Cole Holdings Corp., and will make an upfront payment to management and its founder, Chris Cole, of...

LPL ordered to pay $2M in restitution

February 10, 2013

LPL Financial LLC was hit with an order last week by the Massachusetts Securities Division to pay restitution of more than $2 million to investors who bought shares of nontraded real estate investment trusts. Massachusetts regulators also hit...

LPL beefing up its compliance in wake of Massachusetts suit

January 27, 2013

In today's tough regulatory climate for broker-dealers, with watchdogs routinely whacking firms with large fines, broker-dealer executives may be imagining a securities regulator or two under their beds when they nod off at night. Recent decisions...

Cole gets big payoff in nontraded-REIT deal

January 27, 2013

Another sizable nontraded real estate investment trust will provide some liquidity to its investors, this time through a merger with a large traded REIT. Management at Cole Credit Property Trust II, which has $3.7 billion in real estate assets,...

Real estate maven Tony Thompson falls on hard times

January 20, 2013

Well-known real estate investor Tony Thompson is facing some bitter truths about the real estate holdings and note programs that he sold to investors. But struggling with real estate deals isn't part of the upbeat and confident image that he...

Thompson grounded

January 20, 2013

Amid dealing with defaults on note programs and commercial real estate, the highflying real estate mogul Tony Thompson has been grounded. Mr. Thompson, through a company he controls, TT Aviation LLC, sold his private jet last May to General...

All's not well as Wells throws in towel on REIT offerings

January 20, 2013

Legendary real estate investor Leo Wells is throwing in the towel, at least for now, on the nontraded-REIT industry. In a letter Jan. 11 to broker-dealer executives, Mr. Wells wrote that his firm, Wells Real Estate Funds, wouldn't register any...

The evolving nonlisted-REIT industry

January 13, 2013

Heightened investment in nonlisted REITs has continued due to investor demands for income and for opportunities to diversify portfolios with allocations to assets that go beyond traditional stocks, bonds and cash. This growth has remained resilient...

'Permanence' of estate taxes helps planners

January 6, 2013

Sometimes it pays to procrastinate. Last year, estate planners and financial advisers were urging their wealthy clients to take advantage of the favorable and possibly fleeting opportunity to give money or assets to family and charities on a...

Real estate rebound taking hold

January 6, 2013

Coming off a strong 2012, financial advisers are sanguine about investing in real estate in 2013, particularly in multifamily real estate investment trusts and REITs that invest in mortgages, as well as select areas of retail properties. As...

In a wirehouse first, Merrill offers a nontraded REIT

January 6, 2013

Bank of America Merrill Lynch's recent move to give its 17,500 registered representatives and investment advisers the ability to sell a nontraded real estate investment trust is a victory for the private-REIT industry, which has long desired...

Galvin's LPL suit a boon to plaintiffs

December 16, 2012

Investors who recently sued LPL Financial LLC over the sale of nontraded real estate investment trusts were handed an early Christmas gift by Massachusetts Secretary of the Commonwealth William Galvin, who last week sued LPL over the sales practices...

Ducking default, nontraded REIT sponsor cuts interest payments

November 18, 2012

Thompson National Properties LLC has ducked a default on one of its note programs, but investors will be getting less of a payout than they were promised, the company said. The real estate firm is the sponsor of a nontraded real estate investment...

Mortgage REIT CEO was industry trailblazer

October 28, 2012

Michael A.J. Farrell, who died last week at 61 after being diagnosed with cancer this year, is remembered for building Annaly Capital Management Inc. (NLY) into the world's largest mortgage real estate investment trust. Mr. Farrell's death was...

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