Humbly request advice, please

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Aug 2, 2012 7:35 pm

I work for an experienced rehab firm focused on prime residential real estate in the San Francisco Bay Area. (aka performing property flips)

We are growing, so we are looking for sophisticated and accredited investors. My questions for you:
- Are financial advisors a good resource to find investor capital?
- If so, are certain types of financial advisors better than others? (i.e. fee based)
- What are the top needs a financial advisor will want in terms of feeling comfortable with our company and investments?

I plan to approach local planners, so any advice is greatly appreciated.

Thank you.

Aug 3, 2012 8:44 am

That is a tough sell to majority of people who consider themselves financial advisors. To give yourself the best chance of finding a referral source I would recommend calling fee-only planners (preferably ones that charge a fee based off net worth or annual fees not tied to an AUM model).

Aug 3, 2012 8:44 am

That is a tough sell to majority of people who consider themselves financial advisors. To give yourself the best chance of finding a referral source I would recommend calling fee-only planners (preferably ones that charge a fee based off net worth or annual fees not tied to an AUM model).

Aug 3, 2012 4:31 pm
jcosetti:

I work for an experienced rehab firm focused on prime residential real estate in the San Francisco Bay Area. (aka performing property flips)

We are growing, so we are looking for sophisticated and accredited investors. My questions for you:
- Are financial advisors a good resource to find investor capital?
- If so, are certain types of financial advisors better than others? (i.e. fee based)
- What are the top needs a financial advisor will want in terms of feeling comfortable with our company and investments?

I plan to approach local planners, so any advice is greatly appreciated.

Thank you.

That could get an FA who works for one of the well known broker dealers in a LOT of hot water because they would have to declare this kind of thing to FINRA and the b/d.

If you want to use this channel you should consider looking at RIA's. An RIA is a registered investment adviser and, typically, has a few less restrictions on what they can do.

You might try looking at insurance agents instead. The cream of the crop make as much or more money than registered reps and, if they are not licensed to sell securities, they don't have the same level of restrictive regulations.

Try high-end property and casualty agents. Also try high-end life insurance agents, but most/all of them will be registered reps.

What you are looking for is someone who can do private placements and still be coloring inside the lines. Google your geo and "private placement" investment. That should get you started.

Aug 3, 2012 7:39 pm

get the fuck out of here

Aug 3, 2012 8:53 pm
warpig75:

get the fuck out of here

Yeah, that is 100% better than my reply.

Aug 7, 2012 3:32 pm

Thank you ZwingDing & njh_at_lfg, I appreciate the feedback and professionalism.

Aug 9, 2012 11:28 am

Contact a local investment bank. Be prepared to spend $20-50k on a ppm and marketing materials. They will then shop it out to FA's and their internal investor lists as an Alternative Investment. Any FA with a modicum of self-preservation and intelligence is not going to recommend a speculative RE investment without seeing private placement due diligence done by a 3rd party, or better yet a ppm.