The direct participation program industry appears poised for strong growth as a dynamic environment lies ahead for its products, say Investment Program Association Chairman Tom Sittema, CEO of CNL Financial Group, and Chair-elect Mitchell Sabshon, president and CEO of Inland Real Estate Investment Corp.

Sittema and Sabshon also discuss their commitment to the IPA and the association’s importance to the industry. (read more…)

The potential effects and industry responses to the Labor Department’s fiduciary rule were addressed along with tax-reform issues in a panel including partner organizations of the Investment Program Association at the IPA’s 2016 Executive Leadership Summit, held in Washington, D.C., on April 19.

Dale Brown, president and CEO of the Financial Services Institute, discussed his assessment of the Labor Department’s final fiduciary rule.

“This industry certainly at least wins to live another day,” because its advocacy led to the elimination of a list of specified assets that could be sold to holders of individual retirement accounts, he said.

Brown said it’s too early to understand the fiduciary rule’s full impact, although the Labor Department appears to top the list of “winners” in the aftermath, because it emerged with a rule that will have a dramatic near-term effect in how retirement is given. (read more…)

The Investment Program Association is continuing its advocacy work on Capitol Hill with its Fly-in this year as it evaluates regulatory changes such as the Labor Department’s fiduciary rule. The IPA also plans to continue building relationships as changes loom for the executive branch, Congress and regulatory agencies.

The Eris Group serves as the IPA’s voice in Washington, D.C. Eris Group founder Doyle Bartlett and partner Christopher S. McCannell discuss the IPA’s advocacy victories and plans for the future.

Why do IPA members go to the Hill, and what is the strategy?

McCannell: IPA members go to Capitol Hill to advocate for the over $120 billion non-traded REIT, non-traded BDC and private placement industry. Going to the Hill as grassroots advocates for Direct Investments helps educate members of Congress and staff on the important issues this industry faces and its work to help Americans reach their investment goals.

Bartlett: We dedicate a significant amount of time and resources to developing relationships with regulators and coalition partners. (read more…)

The Investment Program Association formed a Fiduciary Task Force, later nicknamed the “Four Horsemen,” that participated in meetings and wrote comment letters to educate lawmakers and officials about the industry and its concerns over the Labor Department’s fiduciary rule. As a result of the IPA’s efforts, some of its biggest concerns were addressed in the final version of the rule.

The task force was composed of Keith Allaire, managing director with Robert A. Stanger & Co.; Mark Goldberg, chairman of Carey Financial; Nathan Headrick, managing partner of Triloma; and Wayne Souza, general counsel and an executive vice president of the Walton Group.

Goldberg, Headrick and Souza spoke with SmartBrief during the Investment Program Association’s 2016 Executive Leadership Summit, held in Washington, D.C., on April 19. (read more…)

The Futures Industry Association recently released its 2015 Annual Survey on Global Derivatives Volume. SmartBrief chatted with Will Acworth, Senior Vice President of Publications, Data and Research at FIA, to learn more about the survey and the trends it uncovered.

What are the key findings of FIA’s 2015 Annual Survey on Global Derivatives Volume?

The big trend that we saw last year was a jump in the trading volume on Asian exchanges. We collect statistics from about 75 exchanges worldwide and 28 of those are in the Asia-Pacific region. Last year, Asia-Pacific exchanges handled 9.7 billion futures and options contracts, which represents a 33.7% increase from the previous year. That compares with basically zero growth in North America and about 8% growth in Europe. Clearly, volumes in Asia were growing much faster than the rest of the world.

Another development worth noting is that if you look at the share that Asia has of the global market, it is definitely on the rise. (read more…)