Products June 25, 2012

Safeguard Unveils Managed Real Estate Investment Program

Safeguard Financial introduced a managed real estate investment program for self-directed individual retirement accounts (IRA) and 401(k) plans.
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Investments are in geographic areas with favorable rent-to-value ratios and stable employment. Safeguard’s income-producing properties have been rehabbed; investments start at around $45,000, targeting a return of 9% to 12%.

According to Robert Hubbard, chief executive and senior investment adviser at Safeguard Financial, the Safeguard managed program offers retirement investor clients the option to own turnkey, income-producing real estate with tenants in place, or to participate in notes and loans secured by real estate.

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Details about Safeguard’s managed real estate investment program are available here.  

 

Deals & People June 25, 2012

fi360 Hires General Counsel

fi360 appointed Byron Bowman to general counsel.
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Bowman will direct the firm’s senior management on legal matters, and monitor legislative and regulatory changes that affect investment fiduciaries.

An attorney with more than 30 years of experience advising mutual fund sponsors, investment advisers, broker/dealers and other investment service firms, Bowman has expertise on federal securities and banking law, Employee Retirement Income Security Act (ERISA) and the fiduciary standard. He will also serve as fi360’s corporate secretary.

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Before joining fi360, Bowman ran his own law practice in Chicago. He was also general counsel for Hansberger Global Investors. Bowman has acted as counsel to banks, investment advisers and investment companies nationwide.

Bowman holds a bachelor’s degree from Michigan State University and a juris doctor from the University of Chicago.

Kristina Fausti Broumand, fi360’s former general counsel, will remain with the company part-time. Her new title is senior counsel. She will work with Bowman on corporate legal matters and in an advisory role related to the legislative and regulatory environment.

 

 

 

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