FOR FINANCIAL ADVISORS
When an illiquid holding no longer fits your client’s financial plan, AIL can review it for potential purchase by our affiliated buying entity, Baron De Biltmore, LLC. We consider DST interests, non-traded REITs, private funds, partnerships, and other illiquid alternatives—including holdings you inherited with the client relationship. Start with the investment name and approximate position size. You remain involved as we evaluate purchase interest and potential next steps.
Client Holdings We Consider
We review the investment types below for potential purchase by our affiliated buying entity, Baron De Biltmore, LLC. Whether you recommended the investment or took over a portfolio containing the holding, you can begin with its name and approximate position size. Use our directories to research specific investments, or contact us to discuss one or several holdings. Purchase interest depends on the investment, pricing, and transfer requirements; a review does not guarantee an offer.
Delaware Statutory Trust interests, including real estate holdings acquired through 1031 exchanges, with investment-specific transfer requirements.
Public and private non-traded real estate investment trust shares with limited, restricted, or sponsor-controlled liquidity.
Private funds, limited partnerships, and LLC interests spanning real estate, land, energy, development, and operating businesses.
Regulation D offerings and privately held client investments, including infrastructure and project-based interests with limited liquidity.
Client holdings in funds with periodic repurchase offers, acceptance limits, and investment-specific transfer restrictions.
Business development company shares requiring review of repurchase terms, transfer eligibility, documentation, and potential buyer interest.
When you and your client are considering a sale, AIL can review the holding for potential purchase by our affiliated buying entity. We provide information about purchase interest, proposed terms, and transfer requirements to support your evaluation within the client’s broader financial plan.
When clients want to reduce concentration or reposition capital, we can review a holding for potential purchase. Any offer provides terms to evaluate alongside continued ownership.
A potential sale may help address distributions or account administration. We assess purchase interest and identify the ownership documents and transfer requirements.
Request a review of older or transferred-in investments, even if you did not originally recommend them. Start with the investment name and approximate position size.
Retirement spending, healthcare expenses, or other cash needs may prompt a sale discussion. We assess purchase interest, with completion timing subject to transfer requirements and approvals.
AIL reviews each holding for potential purchase by our affiliated buying entity, Baron De Biltmore, LLC. We assess the investment, pricing, and transfer requirements so you and your client can consider any offer within the broader financial plan. Not every review results in an offer.
We assess available financial information, the investment’s condition, and position size to determine potential purchase interest.
We review restrictions, purchaser eligibility, and issuer or custodian procedures that could affect completion.
Any proposed terms identify the purchase price and applicable fees or deductions to help your client evaluate expected proceeds.
Completion depends on documentation, required signatures, approvals, and processing by the parties involved.
A purchase offer may differ from statement value, reported NAV, or original cost. You and your client can weigh the proposed net proceeds against continued ownership, available repurchase options, and the client’s planning priorities.
We coordinate with you on information requests, proposed terms, and transfer steps, subject to your client’s instructions and your firm’s requirements. You continue to guide your client’s financial planning decisions.
Begin with basic holding details. If our affiliated buying entity has potential interest, we’ll request supporting information and discuss any proposed purchase terms. An inquiry does not obligate your client to sell.
Provide the investment name, approximate shares or units, and account type. Start with one holding or several, without client-identifying documents for the initial discussion.
If further evaluation is warranted, we’ll explain which statements and investment documents are needed. With appropriate client authorization, we review ownership, transfer requirements, and purchaser eligibility.
If the affiliated purchaser makes an offer, you and your client can review the price, applicable fees or deductions, and completion conditions before deciding whether to proceed.
If your client accepts, AIL helps coordinate documentation, signatures, and issuer or custodian procedures. Transfer and payment follow the purchase agreement, subject to required approvals.
How to begin a review, evaluate proposed purchase terms, and remain involved in your client’s decision.
Selected holdings may be considered for purchase by Baron De Biltmore, LLC, an affiliated buying entity. AIL supports the review and transaction coordination process. AIL is not a broker-dealer or investment adviser, and a review does not guarantee an offer.
Yes. We coordinate with you on information requests, proposed terms, and transfer steps, subject to your client’s instructions and your firm’s requirements. You continue to guide your client’s financial planning decisions.
Yes. We review legacy investments and holdings brought over from a previous advisor or firm. You do not need to have originally recommended or sold the investment to begin a discussion.
Start with the investment name, approximate shares or units, and account type. Client-identifying documents are not needed for the initial discussion. You can contact AIL with basic holding details. If further evaluation is warranted, we’ll explain which supporting documents are needed and how to submit them.
Yes. Begin with a list of investment names and approximate position sizes, without client-identifying details. Each holding is evaluated individually, and purchase interest or terms may differ between positions. Obtain appropriate client authorization before providing supporting account documents.
We review DST interests, non-traded REITs, private funds, limited partnerships, private placements, non-traded BDCs, interval funds, and other illiquid alternatives. Purchase interest depends on the specific investment, pricing, purchaser eligibility, and transfer requirements.
Research trust programs in our DST Directory, explore shares in the REIT Directory, or browse selected funds and partnerships in the Private Fund & Partnership Directory . Inclusion does not establish buyer availability or transfer eligibility.
A purchase offer may differ from reported NAV, statement value, or original cost. Consider the proposed net proceeds alongside continued ownership, available issuer repurchase options, and your client’s objectives. A purchase offer reflects the buyer’s proposed terms rather than an independent valuation.
Our guide to NAV, capital accounts, tax basis, and sale price explains why these figures can differ and should not be treated as interchangeable.
Proposed purchase terms identify the price and applicable fees or deductions so your client can evaluate expected net proceeds. Issuer, transfer agent, custodian, or other third-party charges may also apply, depending on the investment and account. Review how each charge is allocated before your client signs a purchase agreement.
No. An inquiry or review does not commit your client to sell. You and your client can consider any proposed terms before deciding whether to enter into a purchase agreement.
Initial review depends on the holding and available information. After an offer is accepted, completion also depends on documentation, signatures, any required Medallion Signature Guarantee, and issuer or custodian processing. A review does not establish a guaranteed completion date.
Visit How It Works for an overview of the review and potential transaction process.
Begin with basic holding details and omit client names, account numbers, Social Security numbers, and other sensitive information. Before sending supporting documents, confirm the submission method with AIL and obtain any authorization required by your client and firm.
We’ll let you know that the holding is not being pursued for purchase. You and your client can then decide whether to explore issuer repurchase provisions or other available alternatives. AIL does not guarantee another buyer or an alternative exit.
Start with the investment name and approximate position size—no client-identifying documents are needed for an initial discussion. AIL can assess potential purchase interest from our affiliated buying entity, Baron De Biltmore, LLC, and explain the next steps. Discuss one holding or several while remaining involved in your client’s evaluation and decision.
DISCUSS A CLIENT HOLDING