At its first Board meeting of the year, the new ADISA (the Alternative & Direct Investment Securities Association) Board, elected by the membership in late 2023, selected its 2024 officers. Jade Miller of Bourne Financial Group begins her term as the 2024 ADISA president, and John Grady with ABR Dynamic Funds was elected as the 2024 president-elect and will serve as president in 2025. This is the first time a previous president has been elected to serve again as Grady served as ADISA's president in 2017 (ADISA's bylaws permit a repeat term after a five-year wait).
The other ADISA officers selected were: Matthew Iak of U.S. Energy Development Corporation as vice president; Catherine Bowman of The Bowman Law Firm as secretary; and Mark Kosanke of Concorde Investment Services as treasurer. Michael Underhill of Capital Innovations, ADISA’s 2023 president, will serve the Board as its immediate past president.
Serving as ADISA’s 2024 president, Jade Miller, President of Capital Markets at Bourne Financial Group, is responsible for structuring the Bourne investment programs; sourcing equity with Broker Dealer, RIA, and Institutional relationships; and managing sales efforts across all offerings and distribution operations. Miller has more than a decade of experience in alternative investment distributions and has successfully launched and closed ten private placement offerings. Miller began her career in 2013 as a Junior Planner with Ameriprise Financial, where she was introduced to alternative investments. Miller joined CNL Securities in 2014 on the sales desk and was involved in raising over $1 billion in equity across multiple asset structures and asset classes, including seniors housing and private equity. Miller’s experience also includes a year of private equity focusing specifically on middle-market debt and the QSR industry. Miller joined Bourne Financial Group in March of 2018 to assist in BFG sales efforts and since then has built the sales team and led the launch of eight Bourne Seniors Housing offerings. She holds a B.S. in Finance and Economics from the University of Alabama. She holds series 7 and series 63 licenses.
John Grady serves as ABR Dynamic Funds’ chief operating officer and general counsel. The firm is a registered investment advisor and manages several private funds, mutual funds and UCITS sub-funds using proprietary, volatility-focused strategies. Prior to joining ABR Dynamic Funds, Grady was a partner at Practus LLP and DLA Piper LLP. Before that, he held various positions with industry leading firms focused on managed futures, real estate and other alternative assets and strategies.
Matthew Iak is the Executive Vice President of U.S. Energy Development Corporation (USEDC) and a member of the company’s Board of Directors. Mr. Iak is also the President and CEO of Westmoreland Capital. He has extensive knowledge of private placement, Regulation D, and estate and tax planning strategies. Mr. Iak has pioneered the way for 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. Since 2005, Mr. Iak has overseen a capital raise of approximately $2.0 billion.
Catherine Bowman founded The Bowman Law Firm in 2008 in order to conduct due diligence on public and private securities offerings ranging in size to several billion dollars on behalf of independent broker-dealers, investment advisers, and other financial professionals. Bowman also provides consulting on broker-dealer regulatory and compliance matters; researching ’33 Act and ’34 Act laws and regulations, broker-dealer regulations and state securities laws and regulations; contract negotiation and drafting; as well as providing expert witness services. Prior to founding The Bowman Law Firm, Bowman was Chief Compliance Officer, Senior Vice President and Corporate Counsel for CNL Securities Corp., and started her law career more than 25 years ago at Gray, Harris & Robinson, focusing on corporate and securities law practice for publicly held and privately held clients.
Mark Kosanke, CPA, has nearly 30 years of Securities Industry experience. He is one of the founders of Concorde Investment Services (CIS), a Michigan-based Securities Broker/ Dealer firm and is a current owner of Concorde Holdings, CIS’s parent company. He is a President of Concorde Financial Group, which operates as an investment and asset management firm. Prior to Concorde he was at the Detroit office of Price Waterhouse where he concentrated on audit, taxes, and real estate. Kosanke is active in strategic tax planning and investment portfolio design with over $200 million in assets under management. He is recognized nationally for his proficiency in the 1031 Exchange area.
The other ADISA 2024 Board of Directors are: Angela Barbera, NexPoint Securities; Mat Dellorso, WealthForge; Christy Hutchison, Shopoff Realty Investments; Kyle Kadish, IBN Financial Services; Sylvia Kwan, ElleVest; Stephen Lovell, Lovell Wealth Management; Greg Mausz, Skyway Capital Markets; Ann Moore, International Assets Advisory; David Pittman, Cottonwood; Amanda Teeple, Concept Capital Markets; Brad Updike, Mick Law; Joanna Venetch, Hana Solutions; and David Wilson, Equifinancial. Darryl Steinhause of DLA Piper also serves as a non-voting, volunteer legal counsel and Thomas Voekler of Williams Mullen provides volunteer hospitality legal counsel.