Question 1

Is there a secondary market for 1031 DST investments?

Accepted Answer

Yes, LODAS Markets developed a process that facilitates the transfer of DST interests, providing an exit path for wealth channel investors.

Question 2

How do I find the fair market value of my private credit fund shares?

Accepted Answer

LODAS Markets helps improve price discovery by bringing multiple buyers and sellers together in a centralized marketplace. As buyers place competing bids and sellers respond to market demand, participants can gain a clearer, market-driven view of potential share value. For funds that do not publish a regular NAV, or where the latest NAV may not reflect current secondary market demand, the LODAS marketplace can provide a helpful indication of where buyers and sellers are willing to transact.

Question 3

What happens if my non-traded REIT stops redemptions?

Accepted Answer

If a non-traded REIT limits or suspends redemptions, investors may not be able to sell shares back to the fund. LODAS Markets provides a secondary marketplace where investors may be able to sell shares to qualified buyers, creating an alternative path to liquidity and market-based price discovery.

Question 4

How does the platform work?

Accepted Answer

LODAS Markets connects buyers and sellers through a secondary marketplace. Buyers can express interest by submitting non-binding indications of interest, or they can place limit orders that may result in a binding trade when matched with a seller at the stated price.

Question 5

How does LODAS Markets make money?

Accepted Answer

"LODAS Markets charges a transaction fee to the seller.*

*Transaction fees are charged by LODAS Securities, LLC"

Question 6

How do I access LODAS Markets’s Marketplace?

Accepted Answer

To get started, visit LODAS Markets, click Sign Up and create a username and password.

Question 7

How do I sell an alternative investment?

Accepted Answer

"To sell an alternative investment on LODAS Markets, sign in to your account, search for the investment you would like to sell, and click “Sell.” You will be guided through a short workflow to provide shareholder information, confirm where the shares are held, upload your most recent statement, and review your order before submitting it.

Once your order is placed, you will receive updates via email as the transfer progresses."

Question 8

What technology platform does LODAS Markets use for its marketplace?

Accepted Answer

LODAS Markets built its own trading platform using modern, proprietary state-of-the-art technology.

Question 9

What benefits are there to LODAS Markets' fully digital marketplace?

Accepted Answer

The benefits of a fully digital marketplace include digital form processing, data transparency, streamlined and accurate online processing and transaction reporting, no paperwork, medallion signature guarantee and notary services, mobile notifications and updates, data exchange via Application Programming Interface (API), and reduced NIGOs, A fully digital marketplace also allows multiple buyers and sellers to place competing bids and offers, often resulting in best price execution.

Question 10

Can LODAS Markets help me sell my non-traded REIT?

Accepted Answer

Yes. LODAS Markets makes buying and selling non-traded Real Estate Investment Trusts (REITs) simple, fast and affordable. Investors can trade unlisted assets in our marketplace similar to how they’d trade a public company’s stock.

Question 11

Can LODAS Markets help me sell my non-traded BDC?

Accepted Answer

Yes. LODAS Markets makes buying and selling non-traded Business Development Companies (BDCs) simple, fast and affordable. Investors can trade unlisted assets in our marketplace similar to how they’d trade a public company’s stock.

Question 12

Can LODAS Markets help me sell my non-traded Private Fund (LLC)??

Accepted Answer

Yes. LODAS Markets makes buying and selling Private Funds (LLCs) simple, fast and affordable. Investors can trade unlisted assets in our marketplace similar to how they’d trade a public company’s stock.

Question 13

Who can buy and sell alternative investments on the LODAS secondary marketplace?

Accepted Answer

LODAS Markets’ secondary marketplace is designed for a range of participants, including individual investors, institutions, financial advisors, and issuers. The platform makes it easier to buy and sell alternative investments through a centralized marketplace, similar to the way investors trade public securities.

Question 14

What fees do I pay to sell on the LODAS marketplace?

Accepted Answer

Pricing is simple. There are no account opening, transfer, or processing fees to sell on the LODAS marketplace. Sellers pay a transaction fee only when a sale is completed. The fee is the greater of 2.9% of the sale proceeds or $400, and is deducted from the proceeds at closing.

Question 15

Can LODAS Markets help me sell my illiquid investment?

Accepted Answer

Yes. LODAS Markets gives sellers access to a broad network of buyers and investors through a centralized secondary marketplace. While liquidity is not guaranteed, the platform helps create opportunities to sell investments that may otherwise be difficult to trade.

Question 16

Why should I invest in alternative investments?

Accepted Answer

"Alternative investments may help investors diversify their portfolios beyond traditional stocks and bonds. Depending on the investment, they can offer exposure to different asset classes, return profiles, and risk factors that may help align a portfolio with an investor’s objectives, time horizon, and risk tolerance.

LODAS Markets** does not provide investment advice. Investors should carefully review each investment opportunity and consult their financial, tax, or legal advisor before making any investment decision.

**This information applies to LODAS Securities, LLC as well.

Question 17

What size of sponsor can LODAS Markets' transfer agent services accommodate?

Accepted Answer

LODAS Markets built its own platform on modern agile technology that scales to any size issuer or investor. Large or small, we support every need from fundraising to exit.

Question 18

Does LODAS Markets connect with any alternative investments secondary market?

Accepted Answer

Yes. LODAS Markets provides seamless access to its own custom-built secondar marketplace. As an alternative to sponsor-led liquidity, our marketplace empowers shareholders with the ability to place RFQs and limit orders.

Question 19

How quickly can trades settle if I also utilize LODAS Markets' secondary marketplace?

Accepted Answer

With LODAS Markets' cutting-edge technology, trades can settle in as little as 24 hours when combining their transfer agent services and secondary marketplace.

Question 20

What types of connectivity are available with LODAS Markets transfer agency integration?

Accepted Answer

LODAS Markets' connectivity offers a broad spectrum of methods and technology, including custom API's, CRMs, DTCC's AIP, Advisor, custodian and broker dealer integrations, and a variety of onboarding systems.

Question 21

Does LODAS Markets' transfer agent services include distributions?

Accepted Answer

Yes. LODAS Markets' transfer agent services are designed to facilitate the entire investor lifecycle, including distributions. Distribution event details are captured online and available for immediate review and approval. When funded, account cash and reinvest transactions are in real-time. Payments are processed according to the investor's account instruction, including wires to broker/dealer or custodian.

Question 22

Does LODAS Markets' transfer agent services include offerings and fundraising?

Accepted Answer

Yes. LODAS Markets' transfer agent services are designed to facilitate the entire investor lifecycle, and supports all sales channels. We have established relationships and interfaces with firm back-offices, including third-party investor-onboarding portals

Question 23

Does LODAS Markets' transfer agent services include corporate actions?

Accepted Answer

Yes. LODAS Markets' transfer agent services are designed to facilitate the entire investor lifecycle, including corporate actions. We have automated corporate action events such as fee cap conversions and UPREITs, providing a seamless execution

Question 24

Does LODAS Markets' transfer agent services include investor communications?

Accepted Answer

Yes. LODAS Markets' transfer agent services are designed to facilitate the entire investor lifecycle, including investor communications. LODAS offers a full communications suite including investor statements, confirmations and the ability to send adhoc notifications or documents to custom recipient lists. And all communications can be electronic and/or physical mail.

Question 25

Does LODAS Markets' transfer agent services include commission calculation and execution of payments?

Accepted Answer

Yes. LODAS Markets' transfer agent services are designed to facilitate the entire investor lifecycle. LODAS supports broker/dealer and RIA relationships including the calculation and payment of front-end commissions and trail fees. Our team supports communications with the firm back-offices including commission break-down reports.

Question 26

Does LODAS Markets' transfer agent services include white labeling or branded investor portals?

Accepted Answer

Yes. LODAS Markets' transfer agent services are designed to facilitate the entire investor lifecycle, and offers special services like white-labeling or branded investor portals at no additional charge. LODAS Transfer Agency clients enjoy a portal experience customized to their products and their investors. Portal functions include onboarding, document availability, and optional features such as investor address and bank updates.

Question 27

How do your services handle NIGOs?

Accepted Answer

We eliminate them. Our straight-through processing eliminates NIGOs as well as any manual data entry. Clients also have the option to manage those communications themselves.

Question 28

How do LODAS Markets fees compare to other transfer agent services?

Accepted Answer

LODAS Markets offers modern technology with simplified pricing and fees that are significantly lower than our leading competitors.

Question 29

Does LODAS Markets offer onboarding services?

Accepted Answer

The LODAS platform includes an investor onboarding component that is specific to the investment product and accessible by direct investors and/or finanical advisors. We offer eletronic signature support, document collection, and CIP and AML support. Alternatively, our experienced Transfer Agency staff can onboard investors directly onto the platform using subscription documents received through U.S. mail, email, or other delivery methods.

Question 30

How does LODAS Markets investor management services take advantage of new technology?

Accepted Answer

LODAS Markets is a modern transfer agent. Our advanced agile technology, developed specifically for issuers and investors, enables us to offer straight-through processing, digital onboarding, and paperless workflows with no wet signatures or medallion signature guarantees. Automated integrations with dealer or custodian partners also save significant time and effort.

Question 31

What processes does LODAS Markets transfer agent services have in place to ensure compliance needs are met?

Accepted Answer

LODAS offers a full suite of compliance services including KYC & AML, OFAC and FINCEN compliance checks, FHFA suspended counterparties, Blue Sky tracking, accreditation (506b, 506c), Escheatment services, SOC II Type II certification, and we are a SEC Registered ATS.

Question 32

Does your transfer agent process 1031/DST investments?

Accepted Answer

Yes. LODAS Markets was the first secondary market to execute fully electronic 1031/DST trades, and the same capability is integrated in our transfer agent services. DST products on our TA platform enjoy an end-to-end investor onboarding experience that includes the advisor and qualified intermediary. LODAS produces and sends the closing statement and completes commissions payment processing. LODAS also works closely with dealer managers to orchestrate the best investor onboarding and closing experience for all parties.

Question 33

What does LODAS Markets charge for new transfer agent features or buildouts?

Accepted Answer

LODAS Markets charges no fees for additional features or buildouts that a client requests.

Question 34

Where is LODAS Markets' support located?

Accepted Answer

LODAS Markets technology and support is all onshore - located within the United States. LODAS does not outsource contact center, operations support or technology staff.

Question 35

How long does it take to receive up-to-date transaction tracking or payment and banking workflow information?

Accepted Answer

LODAS Markets' proprietary technology offers real-time transaction tracking and payments and banking workflows.

Question 36

How can I get redemption or tender information from LODAS Markets?

Accepted Answer

LODAS Markets transfer agent services include a first-in-kind redemption and tender portal for our customers. These portals provide real-time views of redemptions received, Cap limits and proration estimates.

Question 37

As a sponsor, how can I get a report of specific fund data?

Accepted Answer

LODAS Markets transfer agent services include 24-hour self-service fund data reporting through an extensive suite of reporting tools available to sponsors, fund administrators, dealers and custodians.

Question 38

Is there a lengthy process for onboarding with LODAS Markets transfer agent services?

Accepted Answer

LODAS Markets offers paperless digital onboarding for fast, painless startup.

Question 39

How can investors get up-to-date information about their shares of my fund?

Accepted Answer

LODAS Markets transfer agent services include investor access to our cutting-edge investor portal.

Question 40

How long has LODAS Markets offered Transfer Agency services?

Accepted Answer

LODAS Markets has offered transfer agency services since 2023. The same leadership, knowedge and experience that allowed LODAS to build the first all-digital, industry-changing secondary market for alternative investments, is now modernizing transfer agent services. Our cutting-edge financial technology, coupled with decades of experience in transfer agent and alternative investment servicing, is elevating transfer agent services far beyond the offerings of older and more establishshed competitors.

Frequently Asked Questions

Frequently Asked Questions

Learn more about LODAS

Learn more about LODAS