ALTERNATIVE INVESTMENTS

Founded on the stability of BJ&R and combining over 30 years of alternative investing know-how, clients can benefit from our experience, global industry knowledge and institutional investment platform. We offer a range of investment choices and services – including commingled funds, customized segregated mandates, and co-investment opportunities.

Diversification – it’s the golden rule of investing. And appropriately allocating assets to account for personal objectives, risk tolerance and time horizon is a critical part of a thorough financial plan. For most, a mix of traditional investments – such as stocks and bonds – is a suitable approach. However, more affluent investors should also consider additional strategies to further broaden their portfolios.

Real estate and alternative investments cover a broad range of strategies and structures that are designed to be non-correlated to traditional equity and fixed income markets. If you include real estate and alternative investments in a financial plan, you may have access to potential gains and wealth preservation in a variety of market conditions.

REIT’s (Real Estate Investment Trusts)

A REIT’s is a corporation that invests in real estate. REIT’s provide diversification to portfolios through investments in many types of real estate including apartments, hotels, industrial parks, malls, office buildings, retail stores, storage facilities and other properties. REIT’s can also invest in equity and debt securities. REIT’s may provide income and growth depending on the property type or investment strategy defined within the REIT’s portfolio.

Because REIT’s must pay out 90% of all their taxable income to shareholders, they may be a source of reliable and significant income for investors. However, the amount of these distributions is not guaranteed and may change with market conditions.

REIT’s also offer an attractive risk/reward trade-off. While non-traded REIT’s are less liquid than their traded counterparts, they may provide higher total returns.

The correlation of REIT’s returns with other investments has declined over the last 30 years, which can help add diversification to your portfolio.

PRIVATE STOCKS

Private or closely-held stocks are shares of stock in a private corporation and are typically offered to pre-qualified individuals. These are not available to the public on the open market.

These offerings, usually made by corporations seeking capitalization, can be offered in any class of stock described in their prospectus. Many corporations act as their own registrar as well as transfer agent and they may or may not use underwriters, brokerage firms or market makers for their offerings. A private stock offering is generally outlined in a private placement memorandum (or PPM) or a stock purchase agreement.

PRECIOUS METALS

Throughout history, individuals have valued the possession of precious metals such as gold, silver, platinum and palladium as a currency, an adornment and more recently as a hedge against inflation.

BJ&R offers individual investors the opportunity to invest in certain gold, silver, platinum and palladium coins, bars and rounds.

Due to the physical nature of coins and other bullion, BJ&R uses the safekeeping services of Delaware Depository licensed by the New York Mercantile Exchange and New York Commodity Exchange and approved by the Commodity Futures Trading Commission (CFTC).

MANAGED FUTURES

Managed futures funds are entities formed for the purpose of investing assets directly or indirectly in the investment vehicles and trading strategies operated by Commodity Trading Advisors (CTAs). The typical CTA will employ a systematic trend-following approach where trading is automated by optimized computer based models.

Managed futures funds allow investors to access these trading strategies without having to actively manage individual positions. Managed futures funds offer investors diversification benefits by providing exposure to asset classes that may be difficult to access directly, such as commodities and currencies. They also may reduce overall risk within the asset class by trading numerous types of contracts and potentially across various trading styles.

Managed futures investments have been used by high-net-worth individuals and institutional investors for more than twenty years. Acceptance of this asset class has grown as investors seek greater diversity in their portfolios by increasing portfolio exposure to international investments and non-financial sectors such as commodities. Managed futures are speculative, involve a high degree of risk, may possess higher than average fee structure and contain limited redemption features.

HEDGE FUNDS.

A hedge fund is a private, largely unregulated pool of capital whose managers can buy or sell any assets. The funds speculate on falling as well as rising assets and participate substantially in profits from money invested.

Hedge funds normally are open to institutional or otherwise accredited investors. Hedge funds are lightly regulated private investment funds often characterized by unconventional investment strategies. They often make use of legal structures, sometimes offshore, to mitigate the effects of local regulation and tax regimes. Hedge funds also have the ability to short, or sell, instruments they believe will fall in price. In this way, hedge funds are able to create more complex investment structures which can profit in times of market volatility, or even in a falling market.

Hedge funds generally are organized as limited partnerships, and may be referred to as limited partnerships.

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Introduction

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Miscellaneous

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