The members of ADISA (Alternative & Direct Investment Securities Association), the nation's largest trade association serving the alternative investment and securities industry, have chosen new directors for its 2022 board. ADISA holds democratic elections hosted by a neutral online vendor, and the elections are open to all member categories (with a maximum of three votes per firm).
The six newly elected (or re-elected) board directors are:
Catherine Bowman, The Bowman Law Firm
Catherine Bowman founded The Bowman Law Firm in 2008 to conduct due diligence on public and private securities offerings ranging in size to several billion dollars on behalf of independent broker-dealers, investment advisors, and other financial professionals. Bowman also provides consulting on broker-dealer regulatory and compliance matters.
Matthew Iak, U.S. Energy Development Corporation
Matthew Iak is Executive Vice President of U.S. Energy Development Corporation and a member of the company’s Board of Directors. He has overseen the capital raise of more than $1.5 billion since he joined the company in 2005. Iak has extensive knowledge of private placement, Regulation D, and estate and tax planning strategies. He has led the construction and underwriting of multiple new investment structures in the oil and gas space, which include energy 1031 exchange funds, private capital acquisition funds, and most recently qualified opportunity zone funds.
Mark Kosanke, Concorde Investment Services
Mark Kosanke is co-founder of Concorde Investment Services, a nationally recognized broker-dealer focusing on alternative investments. For the past 30 years, Kosanke has been securities licensed, growing his practice to manage in excess of $200 million in alternative and mainstream investments. Today his practice focuses on 1031s and RIA management accounts.
Ann Moore, International Assets Advisory
Ann Moore is Chief Business Development Officer at International Assets Advisory, where she oversees the firm’s recruiting, hiring committee and transitioning teams. In addition, she oversees the firm’s marketing department, which includes marketing, advertising, communications, products and services, as well as practice development for IAA and its network of independent advisors. Moore also built and launched the firm’s alternative investment platform and is also a member of the firm’s product review committee.
David Pittman, Strategic Blueprint
David Pittman is Executive Vice President at Strategic Blueprint, where his focus is on the development, management, and growth of the firm, and to drive strategic initiatives in technology, investment solutions, and operations that will improve the client experience while simplifying the lives of financial advisors.
Brad Updike, Mick | Law
Brad Updike is an attorney and partner of Mick | Law, and manages the firm’s energy and tax-oriented products practice. His practice areas include securities law, oil/gas, private equity, conservation real estate, DPP due diligence, and taxation analysis relating to securitized financings.
Additionally, four more directors were appointed:
Karlton Kleis, Arete Wealth
Karlton Kleis, Managing Director, Arete Wealth, is a member of the investment committee and serves as Due Diligence Officer for Arete Wealth. Kleis created the managing broker-dealer vertical of the firm that serves as the underwriting, compliance and support services to securities sponsors and syndicates.
Jade Miller, Bourne Financial Group
Jade Miller, Vice President of Capital Markets for Bourne Financial Group, is responsible for structuring the BFG investments programs, sourcing equity with our Broker-Dealer, RIA, and institutional relationship, as well as managing all BFG sales efforts across all offering and distribution operations.
Jeff Shafer, CommonGood Capital
Jeff Shafer is the Chief Executive Officer for CommonGood Capital and CommonGood Securities. CommonGood Securities is a boutique impact investment firm that has invested more than $57 million in impact and values-aligned private investments across affordable/workforce housing, mobile home communities, emerging market private credit, climate smart forestry, and U.S. private credit.
Dallas Whitaker, Carter Funds
Dallas Whitaker, CCIM, is the chief executive officer and a co-founder of Carter Exchange, a national real estate investment and management company that sponsors institutional-quality real estate exchange programs that are intended to qualify for tax deferral under Section 1031 of the Internal Revenue Code. Whitaker is responsible for strategic day-to-day leadership of the company and establishing long-rang goals, strategies, plans and policies.
They join the returning 2021 board members and include:
Sherri Cooke, 2022 President, iCapital Network
Matthew Malone, 2022 Immediate Past President, Lonsdale Investment Technology
Brandon Balkman, Orchard Securities
Angela Barbera, NexPoint Securities
Craig Covington, DAI Securities
John Grady, ABR Dynamic Funds
Greg Mausz, Preferred Capital Securities
Michael Underhill, Capital Innovations
ADISA board elections occur in the fall; each new director was elected to a two-year term through 2023.