Using opportunity zones to win with your clients – Baker Tilly Capital – 4.2.20

Overview:
Title: Using opportunity zones to win with your clients
Date: Thursday, April 2, 2020
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

Now On Demand.

For years, real estate investors have taken advantage of using the 1031 like-kind exchange rules to defer capital gains tax when selling and reinvesting in real estate. Now, the opportunity zone (OZ) program offers favorable capital gain treatment that registered investment advisors (RIAs) can use to enhance their clients’ asset diversification and estate planning strategies. Given the OZ program is still relatively new and often misunderstood, now is the time to get ahead for 2019 tax return filing and provide your clients with tax-efficient strategies.

This webcast will focus on advanced strategies to advise your clients with substantial realized or unrealized capital gains. Our OZ specialists will debunk the many misconceptions about the program, and provide you with a framework to advise your clients on comparing OZ and non-OZ options for investing proceeds from a capital gain event. We will use real, available OZ investments to walk through examples of the benefits of this investment option.

After attending this webcast, participants will be able to:

  • Understand the OZ program and the benefit to investors
  • Identify clients with substantial capital gains and determine if OZs are a good alternative option
  • Quantify OZ benefits to compare OZ and non-OZ investment options
  • Recognize how OZs fit into an asset diversification strategy using non-correlated investments
  • Super-charge estate planning with OZ investments

Speakers:
Michael Fitzpatrick Michael Fitzpatrick Executive Vice President and CFO Baker Tilly Capital, LLC

Michael Fitzpatrick is a partner with Baker Tilly and executive vice president and principal of Baker Tilly Capital, LLC, the wholly-owned FINRA broker-dealer subsidiary of the firm. Michael has been with Baker Tilly since 2000 and is a current member of the firm’s board of partners. Michael chiefly works within the Opportunity Zones and New Markets Tax Credit (NMTC) practice areas to provide flexible and affordable capital to qualifying projects and businesses. Michael consults with community development clients in the areas of applying for NMTC from the US Treasury and monetizing NMTC into qualified low income community investments.
Mark Aitchison Mark Aitchison Managing Director Baker Tilly Capital, LLC

Mark Aitchison is a managing director with Baker Tilly Capital, LLC, the wholly-owned FINRA broker-dealer subsidiary of the firm. Mark is a seasoned tax professional providing financial solutions to investors and private equity firms, with a specialization in opportunity zones. Mark has more than 20 years of experience. During his career, he has distributed more than 50 financial offerings supporting advisors, Registered Investment Advisors (RIAs) and family offices. Prior to joining Baker Tilly in 2019, Mark held multiple vice president of sales position for financial services companies.

This information should not be construed as a recommendation, an offer of services, or an offer to sell, or solicitation of an offer to buy a particular security or investment strategy. The reader should not rely on this information other than as authorized by a written agreement with Baker Tilly Capital, LLC. The commentaries provided are opinions of Baker Tilly Capital, LLC and are for informational purposes only. While the information is deemed reliable, Baker Tilly Capital, LLC cannot guarantee its accuracy, completeness, or suitability for any purpose and makes no warranties with regard to the results to be obtained from its use, or whether any expressed course of events will actually occur. Securities involve risk and possible loss of principal. Past performance does not guarantee future results. No compensation has been paid to person providing a testimonial. Any testimonial is not representative of the experiences of other clients and is not indicative of future performance or success.

Securities, when offered, and transaction advisory services are offered through Baker Tilly Capital, LLC, Member FINRA and SIPC; Office of Supervisory Jurisdiction located at Ten Terrace Court, Madison, WI 53718; phone 800 362 7301. Baker Tilly Capital, LLC is a wholly-owned subsidiary of Baker Tilly Virchow Krause, LLP, an accounting firm. Baker Tilly Virchow Krause, LLP trading as Baker Tilly is a member of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. © 2020 Baker Tilly Virchow Krause, LLP