On 10th of December, 2014, Forefront Capital announced its most recent development, which was Forefront Income Trust. Compared to other investment programs, the Forefront Income Trust extends its services to cater for the non-accredited investors.
During the launch of the Forefront Income Trust, Brad Reifler, the CEO and Founder of the Forefront Capital, explained of how for many years the firm was only focused on accredited investors making $200,000 per year or were worth a million dollars exclusive of the house. Brad gave the new direction of the firm, which was to shift to non-accredited investors. The plan for the new shift was designed to cater for about 99 percent who had previously been overlooked.
As per the Securities and Exchange Commission, accredited investors need to be either a corporation or:
• A natural person with an individual net worth/joint net worth with his or her spouse that surpass $ 1 million during purchase, excluding the primary residence’s value of the said person.
• A natural person whose earnings exceed $200,000 in each of the most recent two years, or joint income with his or her spouse exceeding $300,000 for the two years and a sensible expectation of similar earnings in the present year.
Accredited investor standards were initially designed in a bid to protect shareholder from any risky investments. Nevertheless, over the past 3 decades, increase in oversight and knowledge in the stock market has been on the rise. After recommendations to do away with the present net worth and income tests, the Investor Advisory Committee came up with measure that are expected to take into account the education of an individual, investment experience, and professional credentials.
After a careful analysis and an extensive diligence, Brad Reifler came up with the Forefront Income Trust. This was aimed to provide a viable investment opportunity to investors in the middle class. With this move, Forefront Income Trust will be able to tackle the increasing inequality gap that widens whenever economic inequality continues. Reifler pointed out on StreetInsider that through the Forefront Income Trust, individuals will find a safe place for their investment alternatives and they will be able to save for their future.
About Brad Reifler
Brad Reifler is an entrepreneur who is popularly known for being the founder and CEO of the Forefront Capital. Before Forefront Capital, he was a founding partner, CEO and chairman of the Pali Capital, which is a firm dealing with global financial services. He started with Reifler Trading Company as his first venture before it was subsequently acquired in 2000 by Refco.
Brad Reifler is currently very successful and he has a number of companies that are based in the US. This success can be attributed to his many years of experience and his entrepreneurial and investment skills. Through his dedication and hard work to reach to the top, CrunchBase shows that Reifler has at the present founded the Forefront Capital, LLC.