The professional independent career of Reifler’s started in the early 1980s when he founded Reifler Trading Company. The firm managed hundreds of millions of dollars in discretionary accounts and then evolved to institutional research, information dissemination, global derivative advisory and execution services. RTC became one of the largest independent futures operations and in 2000 Reifler sold the business to Refco Inc., the world’s largest futures company.
Before selling the trading company named after him, Reifler was expanding himself as a professional in financial services who could be trusted globally. He was able to found Pali Capital in 1995, a sell side broker dealer focusing strictly in the equity markets. Reifler captured the expansion in hedge funds by creating a very differentiated strategy. He did not advise the funds on what to buy or sell but took their idea and combined top research with credit analysis and derivative structures then taught the sales traders how to articulate the “packaged” strategy and execute it as well. During the 13 years as CEO of Pali the growth was staggering. The company did well in excess of $1 billion in commission income; employed over 300 people; and had offices in four continents.
Currently, Forefront Capital, LLC is the focus for Reifler. With several subsidiaries including Forefront Advisory, LLC and Forefront Partners, Reifler has his hands full as the founder and CEO. Since starting the group in 2009, he has again worked to create a highly differentiated product offering.
Thanks to all the subsidiaries under the Forefront umbrella, Reifler is able to attract registered investment advisers, top investment bankers, and business leaders to the firm. The Forefront Community is an important aspect to success of the firm. Forefront’s principals, through their 30+ years of being on Wall Street, have attracted several of the most highly respected and influential business leaders to its platform. The unique opportunities that are introduced to the firm are primarily from the web of relationships that emanate from the Community.
Examples of the members include board members of Fortune 100 and 500 companies. Additionally, one member was the recipient of the equivalent of Nobel Prize of Economics in China, and another, currently holds three presidential appointments.
The collaborative and collegial environment at Forefront encourages everyone to share the most important asset; their relationships.
In late 2014, Brad Reifler and his Forefront Capital team as their latest initiative officially announced Forefront Income Trust.
Reifler has seen a lot of success throughout the years working only with accredited investors (those making $250,000 per year for the preceding two years or those with $1 million net worth, not counting their home). With a focus on catering to the non-accredited investors, Reifler is hoping to emulate that success for the people that many refer to as the “99 Percent.”
The idea for Forefront Income Trust really started years ago, when a few family members wanted to have a significant amount of their life savings invested. What Reifler found was that those outside of the 1% were not able to invest in many opportunities since they were not accredited. Reifler felt that these higher yielding investments coupled with tight risk management would potentially benefit those that need the earnings the most. As the gap widens between the upper and middle classes in the United States, Forefront Income Trust is focusing on specialty finance opportunities whereby higher yields are structured an effort to mitigate the risk that is inherently associated with higher yielding investment products. An investment of $2500 is all it takes to get involved as a non-accredited investor with Forefront Income Trust.
The most differentiated aspect of the fund is its fee structure. Disruptive to the norms of Wall Street, Forefront Income Trust will charge no management fee and will not make any money until the investor makes 8%. The investor comes first. Reifler has again created something special and time will tell whether he can do it again. He seems confident that this may not only be his most profitable venture but certainly the most rewarding.
The Trust is newly organized and has limited operating history. An investment in the Trust should be considered a speculative investment that entails substantial risks. Shareholders may lose capital including the possible loss of principal and the Trust may fail to effectively achieve its investment objective, including as a result of the credit risks inherent in the Trust’s investments. The Shares will not be listed on any securities exchange and will be illiquid. Although the Trust will operate as an “interval fund” by making repurchase offers to its shareholders on a quarterly basis, no assurance can be given that shareholders will be able to sell all of their Shares tendered to the Trust pursuant to any particular repurchase offer or that any particular Shares tendered will be accepted in such repurchase offer. Therefore, you should not expect to be able to sell your Shares at any particular time, regardless of how the Trust performs. The Trust is classified as “non-diversified”. As a result, the Trust’s investment portfolio may be subject to greater risk and volatility than if its investments were made in the securities of a broad range of issuers. High yield (commonly referred to as “junk” or high risk) loans and debt instruments offer the potential for higher returns, but also involve greater risk of default and are more volatile than investment grade securities.
The Trust will not pay the Advisor a management fee. Instead, the Trust will pay the Advisor an advisory fee that compensates the Advisor after shareholders potentially receive the first 8.00% of annual Pre-Advisory Fee Net Investment Income (the “Hurdle”). The Advisor will receive no compensation until after the Hurdle is passed. For Pre-Advisory Fee Net Investment Income above 8.00% and up to and including 18.00%, the Advisory Fee will provide the Advisor with 80% of such income, while shareholders receive 20%. For Pre-Advisory Fee Net Investment Income above 18.00%, the Advisory Fee will provide the Advisor with 20% of such income, while shareholders receive 80%.
Forefront Income Trust’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about Forefront Income Trust, and may be obtained by calling 1-844-438-3489, or visiting ww.forefrontincometrust.com. Read it carefully before investing. Forefront Income Trust is distributed by Northern Lights Distributors, LLC, Member FINRA/SIPC and managed by Forefront Capital Advisors, LLC.
Forefront Capital Advisors, LLC and Northern Lights Distributors, LLC are not affiliated.