Phoenix American Financial Services Announces Zane Doyle as New Vice President, Chief Strategy Officer For Business Development June 12, 2017 | Phoenix American Financial Services SAN RAFAEL, CA –Phoenix American Financial Services (PAFS) announced today that the company has hired Zane Doyle as Vice President, Chief Strategy Officer for Business Development. Mr. Doyle will be…

Griffin Capital’s BDC to Merge with Griffin’s Credit Interval Fund June 16, 2017 | by Jared Schneider | Blue Vault According to a filing from Griffin Institutional Access Credit Fund, there will be a special stockholder meeting to vote on the combination and reorganization of Griffin-Benefit Street Partners BDC Corp. and Griffin Institutional Access Credit Fund.…

Sierra Income Corporation BDC Reduces Sales Load June 16, 2017 | by Jared Schneider | Blue Vault According to an announcement on June 15, 2017, Sierra Income Corporation reduced the upfront selling commission from 7.00% to 3.00% and the dealer manager fee was reduced from 2.75% to 2.50%. Additionally, the Advisor will pay the Dealer Manager…

NTR Sales Down 8.5% in May While BDC Sales Increase 14% June 14, 2017 | by James Sprow | Blue Vault Sales by nontraded REITs fell 8.5% in May. The April sales of $332.6 million reported to Blue Vault by nontraded REIT sponsors slowed to $304.7 million in May. BDC sales reported in May were…

DOL fiduciary: The battle is just beginning InvestmentNews senior reporter Mark Schoeff Jr. gets the skinny on the next phase of the fiduciary rule's rollout. June 9, 2017 | InvestmentNews.com Joshua Aron Lichtenstein is an associate at Ropes & Gray LLP where he specializes in ERISA law. In addition, he represents some of the best-known…

House passes sweeping legislation to roll back banking rules June 9, 2017 | by Renae Merle | The Washington Post The Republican-led House on Thursday voted to free Wall Street from many of the constraints put in place after the 2008 financial crisis, the opening salvo in what is likely to be a protracted battle over deregulation…

Urban Dwellers Outnumber Rural Residents Worldwide For The First Time In 10 Years June 9, 2017 | by Erik Dolan-Del Vecchio | Bisnow Talk about turning tables. For the first time in 10 years more people live in urban cities than they do in rural areas throughout the world, according to a recent JLL Fringe Markets report. As of…

Economy Watch: Contrary to Expectations, Some Retailers Are Expanding June 1, 2017 | by Dees Stribling | Commercial Property Executive  While retail bankruptcies are at an all-time high, there are certain retailers that are still expanding, mainly in the off-price or discount category, according to a recent CBRE retail report. This is a time of retail…

Finra CEO Robert Cook promises to give brokerages more guidance on overseeing rogue brokers Initiative is part of an effort to crack down on brokers who move from firm to firm and put investors at risk June 12, 2017 | by Mark Schoeff Jr. | InvestmentNews.com Finra intends to help brokerages better identify and supervise brokers with…