{"id":1350,"date":"2013-11-25T16:18:50","date_gmt":"2013-11-25T16:18:50","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/11\/high_commission_products_are_w"},"modified":"2022-03-11T08:54:51","modified_gmt":"2022-03-11T14:54:51","slug":"high-commission-products-are-w","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/high-commission-products-are-w\/","title":{"rendered":"High Commission Products are Wall Street Favorites"},"content":{"rendered":"

\t\t\t\tNontraded real estate investment trusts are getting a lot of intention from Wall Street lately. One reason for this is that LPL Financial (LPLA), Ameriprise Financial Services (AMP), and other independent brokerage firms are continuing to raise billions of dollars for deals and in sales.<\/p>\n

Already, independent broker-dealers are headed toward selling $20 billion in nontraded REITS in 2013, which is nearly twice the amount that were sold in 2012. According to LPL Financial, its commissions for nontraded REITs and other alternative investments has gone soaring, hitting $81.2 million in revenue from July to September. Even the Goldman Sachs Group Inc. (GS) has been going after alternative investments by seeking a partnership with the CAIS Group, which is an exchange for such products, including private equity funds and hedge funds. <\/p>\n

Meantime, the Blackstone Group (BX) and KKR & Co., both private equity firms, are handling private-loan portfolios worth billions of dollars in nontraded business development companies involving sellers such as LPL and Ameriprise. And even REITs are getting involved, with Starwood Property Trust Inc. (STWD) investing $250 million into the Griffin Capital Essential Asset REIT Inc., which is a nontraded REIT, and purchasing 24.3 million shares in it. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Nontraded real estate investment trusts are getting a lot of intention from Wall Street lately. One reason for this is that LPL Financial (LPLA), Ameriprise Financial Services (AMP), and other independent brokerage firms are continuing to raise billions of dollars for deals and in sales. Already, independent broker-dealers are headed toward selling $20 billion in […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4014],"tags":[],"class_list":["post-1350","post","type-post","status-publish","format-standard","hentry","category-non-traded-reits"],"yoast_head":"\nHigh Commission Products are Wall Street Favorites — Investor Lawyers Blog — November 25, 2013<\/title>\n<meta name=\"description\" content=\"Nontraded real estate investment trusts are getting a lot of intention from Wall Street lately. 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