Millennium Trust Gains Insights at the Pitbull Hard Money Lending Conference
Millennium Trust attends more than 80 conferences each year. It’s a great way for our staff and sales teams to see clients and potential clients, and also to stay on top of current industry trends that may impact them.
In June, Ryan Schneider and Ted Parker of our Custody Services Team traveled to Beverly Hills, CA to attend the Pitbull Conference – 46th National Hard Money Conference to interact with attendees, and hear what issues are impacting their business.
About the Conference:
The event is described as, “…the oldest and largest organization of its kind in the country: educating brokers, lenders, and investors as to the emerging opportunities that exist in hard money lending.” The conference focuses on non-traditional forms of lending, such as direct lending, peer to peer lending, private lending, and hard money lending.
What We Learned:
“Many of the hard money lenders and other platforms in attendance are looking for accredited and high net worth individuals who, in turn, are seeking investment options that are beyond the traditional publicly traded mutual funds, stocks, bonds, etc., but will still generate a consistent return,” says Ryan Schneider, Senior Vice President, Regional Director.
According to Ted Parker, Senior Vice President, Western Regional Director, “All the sponsors we met are looking for investors. I’m surprised that most of these sponsors do not think of retirement money as a compelling source.”
Millennium Trust is uniquely positioned to allow individuals to invest using self-directed individual retirement accounts (IRAs), which also provides investment sponsors with another stream of assets. Learn more about how our Custody Services team can help you
Come see us at one of the many conferences we attend, and meet our experts in retirement and custody services.
The material in this blog is presented for informational purposes only. Millennium Trust Company performs the duties of a directed custodian, and as such does not sell investments or provide investment, legal or tax advice.