The strength of all associations comes from the passion and commitment of its members.

The IPA is no exception and the members of the Association have stepped up to lead efforts in the committees outlined below. Want to get involved? We would love to have you. Participation on Committees provides great networking opportunities, professional development experiences and increases your visibility in the Association. Just contact the IPA office or the Committee Chair of your choice and get involved!

LEARN MORE ABOUT OUR COMMITTEES GET INVOLVED!

Broker Dealer Advocacy

Broker Dealer Advocacy

Chair: Amanda Teeple, Triad Advisors | 800-720-4003 | amanda.teeple@triad-advisors.com
Chair Elect: Andrew Barnum, Cetera Financial Group | 619-458-0024 | andrew.barnum@cetera.com


The primary mission of the Broker Dealer Advocacy Committee is to ensure the interests of Broker Dealers on all matters involving the Association are heard and addressed within the IPA. In addition, the Committee works with the Program Committee and Membership Committee to build programs and benefits that add value and enhance the Broker Dealer membership experience with the Association.

This committee is limited to Traditional Broker-Dealer firms only.

2017 Committee Initiatives:

  1. Due diligence support for the increasing number of product structures
  2. The ongoing transition from commission based to advisory
  3. DOL implementation and support

BDCs and Closed End Funds

BDCs and Closed End Funds

Chair: Rob Campbell, CNL Financial Group Inc. | 866-650-0650 | rob.campbell@cnl.com
Chair Elect: John Palmer, W. P. Carey Inc. | 212-492-1168 | jpalmer@wpcarey.com


The IPA BDC and Closed End Fund Committee coordinates the resources of the IPA and its members to educate members and the general investing public regarding BDCs and to advocate on their behalf through the legal and regulatory processes.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. BDC Modernization Act approval push from BDCs
    a. Add BDCs to the definition of covered security to the bill
  2. Multiple share class and co-investment exemptive relief
    a. How can we as an industry group help to push this through?
  3. Gain consensus across the industry of exact de nitions for commonly used terms and calculations. For example:
    a. Middle Market
    b. Originated Transaction
    c. Opportunistic / Proprietary Transaction
    d. Calculation methodology for 55a testing
    e. Non-accrual
    f. Default
    g. Domicile
    h. Signi cant Subsidiary – and disclosure thereof
    i. Etc.

Communications

Communications

Chair: Marilyn McCarthy, Inland Real Estate Investment Corp. | 630-218-4963 | marilyn.mccarthy@inlandgroup.com
Chair: Jay Sauerbrei, LaSalle Investment Management | 347-514-2371 | jay.sauerbrei@lasalle.com


The Communications Committee serves the IPA members and the Board of Directors. It ensures that IPA communications are timely, relevant and of value to the Association body. Responsibilities include providing strategic counsel on what issues are of importance to the membership, acting as an editorial board for select publications and serving as liaison between the Membership and the Board of Directors to ensure that open dialogue exists.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. With Edelman as a partner, begin to reshape industry perceptions using research-driven analysis that will unite the industry and give it a single strong voice to change the dialogue about non-traded investment products and revitalize sales.
  2. Work with IPA leaders, the Communications Committee and other stakeholders to aggressively manage project deadlines and deliverables to keep the rebranding project at the top of our lists.
  3. Continue to encourage ethical business conduct and improve understanding of our industry by developing clear and concise content and leveraging new communications channels.
  4. Refresh IPA’s brand identity to re ect a refreshed industry look as we launch a new messaging platform.

Compliance

Compliance

Chair: Lauri Friel, CNL Securities | 407-450-6217 | Lauri.Friel@cnl.com

Chair Elect: Suzanne Bond, Inland Real Estate Investment Corp. | 800-826-8228 | SBond@inland-securities.com


The Compliance Committee seeks to promote awareness, understanding and impact of current regulatory matters relating to compliance through the exchange of information and resources by and through its members and other IPA Committees. In doing so, the Compliance Committee shall develop, promote and/or enhance industry best practices for compliance relating to Direct Investment Products.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. Given the regulatory focus on rms to evidence a culture of compliance, we would like to develop “Commitment to Culture,” guidelines in two tiers:
    a. The compliance o cers as it relates to their individual entities. (With the IPA Compliance Committee leading this charge.)
    b. Throughout the IPA membership (With the IPA Compliance Committee collaborating with the IPA _________ Committee on this charge.)
  2. The IPA Compliance Committee, with assistance from Matt Tramel, remains focused on maintaining regular interaction with the regulators to promote our growing relationships. We believe this is key for driving higher membership participation. In this spirit we want to meet with FINRA, the SEC and NASAA through a series of regularly scheduled meetings/discussions. We will strive to meet at least once with each regulatory body: the SEC, FINRA and NASAA.
  3. Given the changes with NTBDCs, it is suggested the IPA Compliance and IPA BDC committees perform a retroactive review of the current IPA NTBDC Performance Guidelines.
  4. The compliance committee will provide suggestions consistent with current regulatory guidance on the IPA’s proposed draft of the IPA Practice Guideline 2016-02: Per Share Investment Performance Measurement and Reporting for Publicly Registered Non-Listed REITs.
  5. During our monthly IPA Compliance meeting we will encourage transparency and the sharing of information as we respond to the current environment. Historically, when we have shared information we have been able to standardized guidance for best industry practices as our industry continues to evolve. In addition, sharing helps us improve each member’s compliance e ciencies which promotes membership participation.

Due Diligence

Due Diligence

Chair : John Kearney, Snyder Kearney, LLC | 443-979-7200 | jkearney@snyderkearney.com
Co-Chair: Chari Graham, Factright, Inc. | 847-805-6234 | chari@factright.com


The objective of the Due Diligence Committee is to foster the quality and consistency of due diligence on alternative investments through –

  • Greater collaboration and communication among broker-dealers, third-party firms and program sponsors, and
  • Proactive participation by due diligence professionals in addressing industry issues relevant to due diligence.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. Study and evaluate interval fund disclosures and make recommendations for supplemental or enhanced disclosures, where warranted
  2. Whitepaper on one or more of the following:
    a. Impact of Scope Limitations on Independent Valuation Services
    b. Sponsor Support of Investment Programs

Education

Education

Chair: Mark Petersen | MBD Solutions | 214-974-0761 | MPetersen@mbd.solutions
Chair Elect: TBD


The Education Committee is to develop educational initiatives and programs that increase awareness and understanding of direct investments and their application in an investor’s portfolio. In addition, the Education Committee may explore and create programs that are eligible for professional Continuing Education Credits.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. ‘Back To Basics’ client pieces – Strategic Asset Allocation and Tax Advantaged Investing
  2. Webinar Content and Moderating – Identify 2017 webinar series topics and have committee members identify preferred topics to champion
  3. Enhanced Content Delivery Options for online delivery of educational material

Legal and Regulatory Affairs

Legal and Regulatory Affairs

Chair: Jason Goode, Alston & Bird LLP | 404-881-7986 | Jason.goode@alston.com
Chair Elect: Howard Hirsch, Griffin Capital Corporation | 310-469-6153 | hhirsch@griffincapital.com


The Legal and Regulatory Affairs Committee reviews and evaluates regulatory issues that may affect the business objectives of our members.  It seeks to educate industry participants about trends and issues and as appropriate, prepare responses and/or position papers by the IPA that have broad industry acceptance.  Among the Committee’s interests are NASAA, FINRA and the SEC.

This committee is limited to practicing and non-practicing lawyers who have been admitted to any state or foreign bar association.

Subcommittees of the Legal and Regulatory Affairs Committee include:

  • NASAA – NASAA – Martin Hewitt, Martin A. Hewitt, Attorney at Law, 646-801-0669
  • SEC – Michael Choate, Proskauer Rose, LLP, 312-836-4066
  • FINRA – Wally Kunzman, Kunzman & Bollinger, Inc., 405-942-3501

2017 Committee Initiatives:

  1. NASAA REIT Guidelines- potential outreach/lobbying campaign
  2. Submit IPA Performance Metrics Guideline
  3. Engaging with the SEC on disclosure issues
  4. Class T Shares Issuances – Seek uniformity

REITs

REIT

Chair: Mark Earley, Hines Securities, Inc. | 713-966-7736 | mark.earley@hines.com
Chair Elect: Mike Ezzell, Inland Securities Corporation | 630-586-6626 | mezzell@inland-securities.com


This committee is limited to REIT Sponsor member firms only. A maximum of two representatives per Sponsor member firm is allowed.

The REIT Committee sets priorities and develops and implements action plans specific to Association members involved in the formation, distribution, and operation of REITs. The overall objective is to facilitate the growth of the REIT industry, develop industry-wide guidelines, promote the enhancement of REIT information and resources, enhance support of REIT industry participants, and support the advancement of the welfare of the REIT investing public.

2017 Committee Initiatives:

  1. Initiative – Maintain consistent communication with committee members in 2017.
    a. Hold 6 committee call
    b. Meet in person at IPAVision 2017 event
    c. Meet in person at IPASummit / Hill Day in 2017
  2. Continue dialogue and find resolution with BD’s on Fee Based Share Class. Standardization of commissions with the goal for NLR’s to have multiple share classes to accommodate multiple BD relationships.
  3. Continue with the sub committee on Due Diligence that was established in mid 2016.
  4. Continue dialogue on the future of NLR’s and possible changes to DOL based upon election results.

Operations

Operations

Chair: Michael Stricker, Franklin Square Capital Partners | 267-296-1228 | Michael.stricker@franklinsquare.com
Chair Elect: Darrin Oberhofer, Inland Real Estate Investment Corp. | 630-586-4702 | Darrin.Oberhofer@inland-investments.com


The mission of the Operations Committee is to develop and promote the use of industry standards that benefit sponsors of alternative investment programs, broker dealer firms and companies that provide services to the industry. The Committee also serves as a venue for leaders across the industry to discuss best practices and network with peers.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. Industry adjustments to proposed DOL rule changes
  2. Ease of Business initiatives – implementation of standards
    a. Paper Automation/Elimination
    b. E-signature
  3. Product structuring/positioning for AIP build-out across industry
    a. REITs and BDCs
    b. Private offerings – Reg D, etc.
    c. Other product types

Policy Advocacy

Policy Advocacy

Co-Chair: Dan Wagner, The Inland Real Estate Group |  630-218-4952 | wagner@inlandgroup.com
Co-Chair: Kamal Jafarnia, W. P. Carey Inc. |  212-492-1100 | kjafarnia@wpcarey.com


The IPA Policy Advocacy Committee coordinates the resources of the IPA and its members to create opportunities for the advancement of IPA objectives via regulatory and political processes.

This committee is open to all IPA members who are interested in joining.  However, size is limited.

2017 Committee Initiatives:

  1. Ongoing management of The Eris Group as our lobbyists
  2. Identify, monitor, influence and coordinate advocacy activities related to issues impacting our industry
  3. Promote Congressional, regulatory body, and key partner awareness of the IPA and its agenda

Private Placement

Private Placement

Chair: Ryan Kretschmer, Walton International Group (USA) Inc. | 800-959-6048 | rkretschmer@walton.com
Chair: Nick Doyla, Triloma | 407-701-9646 | ndoyla@triloma.com


This committee is open to all IPA members who are interested in joining.

The Private Placement Committee sets priorities and develops action plans specific to those Association Members involved in the offer, issuance and distribution of the private placements of securities governed by Regulation D. The objective is to facilitate the growth of this industry sector, to support industry participants and advance best practices for all industry participants. The Committee seeks to serve as a centralized repository and distributor concerning trends and issues and to be responsive to regulatory affairs for the benefit of its members and the investors they serve. In this regard, the Committee’s members seek to exemplify conduct for private placement sponsors and broker dealers and to provide a positive voice for the industry.

2017 Committee Initiatives:

  1. Monitor Accredited Investor Standards providing comment in both a regulatory and legislative capacity
  2. Seek and implement remedies to changes to Rule 12g
  3. Financial CHOICE Act support and monitoring as it relates to Private Placements

Program

Program

Chair: Jay Steigerwald, W. P. Carey Inc. | 212-492-1198 | jsteigerwald@wpcarey.com


The Program Committee develops wide-ranging and topical programs of interest to the Association constituency and takes a strong leadership role in the development of Association conferences. The Committee’s programs are designed to promote productive business relationships among the Association Members and other participants.

This committee is open to all IPA members who are interested in joining. However, size is limited.

Technology

Technology

Chair: Chong Huan, The Inland Real Estate Group | 630-586-6880 | chong.huan@inlandgroup.com


The Technology Committee promotes the innovative, collaborative and efficient use of technology to enhance the process of capital formation, investment management and performance management and to advance the causes of the IPA membership.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. Drive industry best practices in the use of technology for IPA and Member firms. The technology committee will hold 6 calls in 2017 on topics that are determined by the committee members. Here are the topics we will be considering and presenting in 2017.

Regulatory/Industry Technology Impact/Issues e.g.:

  • Cybersecurity (vulnerability assessments, policies, key investments etc.),
  • eDiscovery
  • Infrastructure discussions: Managed Service Provider for Cloud hosting, Windows 10, VDI
  • Platform discussions: Sales Force cloud, Google, Amazon AWS, Microsoft Azure etc.
  • Yardi, JD Edwards, MRI accounting and property management

New Technology that can help business:

  • Business Intelligence
  • Crowd Funding (Digital Distribution) – Mark Lancaster
  • Robo Advise – Keith Beck
  • Eco System Platform, etc.
  • More Alert Centric – KPI, Sales Force etc.
  1. Maintain a current contact list of technology-focused professionals at the IPA.
  2. Partner with other committees on industry initiatives e.g. AIP, E Signature, and Industry Analytics etc. as needed.
  3. Meeting Frequency and Participation: 2017: Every other month.
  4. Determine a chair elect for 2017.

Women's Initiatives Network

Women’s Initiatives Network

Co-Chair: Christina Barone, W. P. Carey Inc. | 212-492-1163 | cbarone@wpcarey.com
Co-Chair: Kimsey Bailey, CNL Securities Corp. | 407-540-2227 | kimsey.bailey@cnl.com
Co-Chair Elect: Lora Sekosky Smith, Cetera Financial Group | 619-702-9734 | Lora.SekoskySmith@cetera.com
Co-Chair Elect: Ella Neyland, Steadfast Apartment REIT | 949-623-9143 | ella.neyland@steadfastCo.com

The Women’s Initiatives Committee of the IPA will focus exclusively on identifying and addressing matters across the direct investment industry that relate specifically to women.

This committee is open to all IPA members who are interested in joining.

2017 Committee Initiatives:

  1. Expand Networking Opportunities
  • Fall 2017 – West Coast Regional Networking WIN Meeting – Cetera Financial has graciously agreed to host an IPA West Coast Regional meeting in their offices in San Diego. The space holds 50 – 80 attendees. They may also host a cocktail reception during this event.
  • Host a new Educational Webinar series specific to women in financial services.

a. Speakers and Topics can be chosen from the wealth of talent in our current IPA WIN Committee.

  • Late September 2017 – Host a WIN networking reception at the IPAVision 2017 event. Possibly in addition to the WIN Breakfast.
  • Host a networking opportunity in conjunction with IPA’s 2017 Due Diligence Case Study regional meetings.
  1. LinkedIn Subgroup: Outreach and Education – Continue adding bi-monthly articles on defined topics and get greater participation.
  • Leadership
  • Mentoring
  • Negotiating Tactics
  • Finding Balance
  • Challenging Situations
  • Success Articles
  • AMaking a difference
  1. Host the 5th Annual Women’s Forum with Investment News – June 2017 – NYC
  • WIN would like to award 2 – 4 scholarships for the Annual Women’s Forum to either a local student(s) and/or upcoming young women already working in our industry.

For more information contact Tracy Mesterharm at (212) 812-9799 ext. 200 or email tmesterharm@ipa.com.