3 Key Takeaways from IPA Vision 2018
Friday, October 5th, 2018 and is filed under AI Insight News
Last week AI Insight attended the annual IPA Vision and Due Diligence Symposium hosted by the Institute for Portfolio Alternatives in Chicago, IL. AI Insight CEO & President Sherri Cooke presented updates on the current state of the alternative investment industry.
Here are three key takeaways to consider:
- Qualified Opportunity Zone investments are quickly gaining interest. While there’s not yet any product available, there was a lot of excitement around Qualified Opportunity Funds. Discussions about potential benefits for gain deferral and tax exclusions were balanced by the possibility that capital gains rates may be higher in the future. No matter what, offering these investments will require significant education.
- States move toward implementing “best interest” regulation. While the DOL Fiduciary Rule is dead, the SEC’s Proposed Best Interest Regulation has prompted states like Nevada and New Jersey to move toward issuing their own fiduciary rules to govern brokerage firms in their respective states. Other states are expected to follow with fiduciary standards for both broker dealers and RIAs indicating the essence of the DOL rule still exists.
- Transparency continues to be a key priority. Establishing and implementing consistent due diligence policies and procedures continues to be a priority as regulators take a closer look at usage of complex investments. RIAs are following suit with broker dealers by creating more robust reviews around operations, legal documents and on-site visits to improve transparency.
