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This week we must thank President Michael for the overview of the talk by our guest speaker, Klint Rodgers, who had a great deal to impart on the subject of Private Markets, Pinnacle Wealth Brokers and some of the private equity and real estate firms that his company represents.
Pinnacle Wealth Brokers is Canada's largest Private Market Dealership with registered securities advisers from coast to coast. Their focus is on Real Estate and Fixed-Income products, and in the past 36 months some 300 Private Equity firms have been extensively examined so that only a handful of them have been selected in order for his company to be able to offer the best risk-adjusted returns on investment. Most of these firms, he asserts, offer targeted/fixed/preferred returns ranging from 7-15% p.a. and all are eligible for registered contributions or transfers. He emphasized that there are no fees or service charges as commissions are paid by the product issuer.
Examples of the firms that he favours are Centurion Apartment REIT, Clear Sky Income Portfolio Fund (income-producing Car Wash Businesses, no less, located in the sunny US, and set to distribute quarterly distributions with a 10% annual preferred return) and Weslease Income & Growth Fund, an Alberta-based equipment leasing firm, a company for which Klint's company has succeeded in raising over $50 million in the last 2-3 years. It would appear that Pinnacle relies upon careful market analysis, as many are researched but few selected.
Unfortunately, as is so often the case, we had to curtail the full presentation for want of time. But it was an interesting, if somewhat over-detailed talk. If our speaker returns, we should probably forego lunch, fellowship and wine-draw. We adjourned, intellectually prone.
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