According to Brad Reifler, CEO of Forefront Capital, there’s an opportunity in servicing non-accredited investors when it comes to investment opportunities that are, so far, only available to wealthy individuals. And he’s betting his company’s future on it.
Forefront Capital, an investment banking and wealth management boutique, is now offering an investment program known as Forefront Income Trust. The investment style will seek to diversify holdings into alternative assets classes that are typically open to accredited investors who have incomes over $200,000 per year, or net worth exceeding $1 million.
Now, middle income individuals will be able to enter this form of investing without having to pass the same requirements as the accredited investors. When it comes to Forefront Income Trust, investors will be able to enter the program with as little as $2,500.
The company will not charge any fees until 8% return is generated for the investors. This is in sharp contrast to industry standards where fees are charged no matter the return. “We want to be a firm for the people,” stated Mr. Reifler on his Twitter.
Brad Reifler has long industry experience. In 1982, he founded Reifler Trading Corporation, a company that specialized in the execution of global derivatives, and which was sold to Refco in 2000.
Back in 1995, Mr. Reifler founded Pali Capital and ran it as a CEO until 2008. Under his leadership, the company increased its revenues to over $200 million, while opening offices in the United States, Europe, Asia, and Latin America, and hiring over 200 employees. Now, this serial entrepreneur seeks to change the industry norms while heading Forefront Capital.