Costa Mesa, CA (PRWEB)
February 28, 2017
Leading financial technology company, Rich Uncles, today announced the launch of a new Wealth Management Division, complementing the company’s existing consumer-direct investment platform. Leading the recently-developed division will be new Managing Director of Capital Markets, Brad Watt.
“We are pleased to welcome Brad to the Rich Uncles family where he will play an integral role in expanding our investment channels,” states Rich Uncles CEO Harold Hofer. “We are passionate about providing all investors with broader access to quality real estate investment programs, and Brad shares this passion.”
Watt comes to Rich Uncles with decades of experience providing real estate investment advice to high net worth and institutional investors. He has held executive leadership positions with some of the country’s largest non-listed REIT companies, and has also been instrumental in structuring and distributing several public and private alternative investment offerings.
At Rich Uncles, Watt will be responsible for developing the company’s wealth management business that will include Registered Investment Advisors (RIAs), asset managers, family offices, and other domestic and foreign qualified purchasers. No commissions or fees will be paid by Rich Uncles to RIAs or any other person who facilitates the sale of shares in the company’s investment offerings.
Using a client-centric technology platform, Rich Uncles has completed the fundraising for two prior investment programs and is currently offering $1 Billion of common shares for a publicly registered non-listed REIT (Rich Uncles NNN REIT). Proceeds from the NNN REIT will be used to acquire and manage a diversified portfolio of high quality, single tenant…