1900 Wealth’s Post

Macquarie Group and Aleisha Jones have done it again! Had a tricky one, some confusion around financials and set up but within 24 hours we got the deal sorted. - 1 year self employed with freshly lodged company returns - Purchase of investment in a trust with only one application being the director of the corporate trustee but the other a trust beneficiary - PAYG income for the trust beneficiary - Another asset (rental investment) with high yield under the trust used (no rental yield cap) There is a reason why Macquarie Group are killing it in the mortgage space! Very straight forward policies, credit assessors are on the ball and on the ground support cannot be faulted. #macquariegroup #macquariebank #broker #bdm #mortgagelending

▶ To us, hiring an investment banker (a "banker") is a NO brainer. HOWEVER, most of our client coverage universe hasn't spent the past couple decades investing in and selling companies. 👉 Our clients' transaction with us is often their first (and last) involving the family-owned, closely-held business AND a sophisticated, institutionally-backed buyer. ❓ Whether your transaction is $10 million or $250 million. Shouldn't you be 💯% confident you are getting the best valuation, terms, and outcome? 💡 Investment bankers will always hire a banker to sell their investment bank. 💡 Private equity investors will always hire a banker to sell their portfolio companies. 💡 Publicly-traded businesses (the board of directors) will always engage a banker in a sale transaction. 🔦 Hiring a banker is a PROACTIVE approach to selling a company, which helps ENSURE the BEST outcome for shareholders. 👨💻 We'll do future posts on why sophisticated private equity investors, boards, and management teams rely on bankers when they go to sell. 📧 In the meantime, reach out at Contact@Bristleconetrail.com to continue the discussion. Bristlecone Trail Partners, LLC #investmentbanking #investmentbankers #boardofdirectors #privateequity #equitycapitalmarkets #leveragedbuyout #LBO #homeservices #contractors #hvac #plumbing #electrical #roofing #garagedoors #landscape #pestcontrol #physicianpracticemanagement #animalhealth #entrepreneureducation #sellereducation

Macquarie US asset manager pays $80m to settle fraud charges with SEC for inflated valuations and cover-up trades.   Macquarie Investment Management Business Trust (a US registered investment adviser) systematically overvalued collateralized mortgage obligations (remember the securities at the origin of the 2008 financial crisis?) held in 20 advisory accounts including 11 retails mutual funds. When investors wanted to redeem, Macquarie engaged in cross trading between advisory clients, buying and selling at the inflated, out-of-market prices to avoid the losses.   This is a breach of fiduciary duty that leads at least to 1) overstated performance (a deceptive practice that can be considered fraud) and 2) unequal treatment of clients i.e. favouring some over others. What else?   My take is that at the root were Macquarie’s internal valuation rules, which lacked precision to value illiquid, odd lots CMOs. Macquarie will now pay $80 m and review its policies and procedures on valuation, liquidity risk and cross-trading.   I recall a similar case involving Allianz Global Investors U.S. LLC in May 2022 of a pretty damning misrepresentation fraud in its Structured Alpha funds. The company had to pay $6 bn in fines and restitution and abandon the US market for 10 years. https://lnkd.in/d57fUk8V   Add to the fine the hit to your reputation. Makes it clear that breaches of the fiduciary duties you owe to your investors just aren’t worth it. Any views? #CFA, #FiduciaryDuty, #Fraud

"UBS Global Wealth Management announced that financial advisor team @AMD Wealth Partners has joined the firm. The team is led by Financial Advisors Ary Velasco-Private Wealth Management Miami, Michael von Borsig, CFA, CAIA and David R. Cardenas. They join the UBS Miami Private Wealth Management market, led by Brad Rosenberg, and will be located in the downtown Miami office. Together, the Private Wealth Management team was responsible for managing over $1.4 billion in client assets." #PrivateWealth #WealthManagement #RealAssets #PrivateMarkets #AlternativeInvestments #Alts #UHNW #HNW #FamilyOffices #IBD #RIA #PrivateInvestments #PrivateCredit #PrivateEquity #RealEstate

What's your status? 1️⃣ Single 2️⃣ Taken 3️⃣ Looking for a Fund Manager? Let's talk about securing that financial future #FinanceGoals #SmartInvesting #WealthBuilding

Wells Fargo's Wealth and Investment Management business is growing!

The single biggest reason why… you keep failing to get a job in real estate private equity as an asset manager (regardless of level) is… Your lack of financial literacy & ability to model. Discuss 👇🏻 #realestate #property #privateequity

Want to understand Private Credit, the hottest sector of investing today? We've got direct lending explained in <30 seconds for you here! And if you got an interview for a job, would you be able to explain it quickly and succinctly? We interviewed Managing Director and Senior Investment Strategist Alona Gornick from Churchill Asset Management and got the download on direct lending, origination, and the deep links between private credit and private equity. Check out the full episode here!! https://lnkd.in/eUkuF6zk

J.P. Morgan, led by chief market strategist Gabriela Santos, shares insights on the rising investment in commercial real estate, private equity, and infrastructure over direct lending. The asset manager sees promise in assets like commercial mortgage-backed securities and non-traded real estate investment trusts for maximizing yield. James Crombie | Bloomberg https://lnkd.in/gyfk6ENT #PrivateDebt #PrivateCredit

🚨 SEC Charges Macquarie Investment Management with $80 Million Fraud 🚨 Macquarie Investment Management Business Trust (MIMBT) was accused by the SEC of carrying out illegal cross trades that unfairly hurt regular mutual funds and overvaluing illiquid collateralized mortgage obligations (CMOs). MIMBT executed hundreds of internal cross trades between accounts, inflating asset prices and masking losses. Key Allegations: ▪️ Asset Overvaluation: MIMBT misled investors by inflating client account -performance through faulty pricing. ▪️ Illegal Cross Trades: They shifted inflated CMOs between accounts to protect themselves from losses, benefiting certain customers while retail mutual funds bore the brunt of the losses. MIMBT is going to pay $79.8 million in penalties and change its compliance. This case emphasizes the value of precise asset appraisal and openness from the standpoint of a CFE. Investor trust is damaged and serious ethical concerns are raised when assets are overvalued and cross-traded without appropriate disclosures. https://lnkd.in/gQpaU5A2