It is not surprise that, in the united State, the 1% receive the most advantages in all areas of life. Take investing, for example. Most of the time, firms cater to accredited investors. An accredited investor as defined by the Securities and Exchange Commission (SEC) is either a corporation or an individual who meets the following requirements:
- A net worth (or joint net worth with a spuse) exceeding $1 million, excluding their primary residence.
- An annual income of over $200,000 for an individual ($300,000 for an individual and spouse) for the past two years.
These requirements were designed to protect investors from risk, but with the influx and ubiquity of information about the stock market, these rules feel outdated. As a result, one firm, Forefront Capital, and its CEO Brad Reifler have created Forefront Income Trust. Catering to the middle class instead of the elite, Forefront Income Trust works exclusively with non-accredited investors. Non-accredited investors are able to invest a minimum of $2,500 each quarter, provided they already have a 401K and savings. Forefront Income Trust helps its clients through the process, as many are wary of investing after the collapse in 2008.
Reifler drew on his own experience when starting this company. Educated at Bowdoin College, Refiler obtained his degree in Econ and Political Science and graduated in 1981. In 1982 he began his career by founding his own business, Reifler Trading Corporation. This was eventually sold in 2000 to Refco, Inc. But Reifler kept busy in the meaning as the Founder and CEO of Pali Capital, and as a trader as Refco, Inc.
Refiler’s activities at Forefront Management Group, LLC began in 2009. He manages operations of the main company as well as all of its subsidiaries (including Forefront income Trust). Previous positions include managerial positions at Genesis Securities, European American Investment Bank, and Foresight Research Solutions. He is also a director at Sino Mercury Company.
Both Reifler and his father have had harrowing experience in investing as part of the 99%. This has motivated Reifler to give the middle class the chances he himself never had, and to do his best to level the playing field. He is using his education and expertise to inform his clients of their investment possibilities. Forefront Income Trust prides itself on transparency, financial literacy, and giving as much aid and information to its customers.