Schechter, Related, CIM, & UHY Hold Opportunity Zones Investor Conference

Jon Corrigan | June 20, 2019

Birmingham, MI – Schechter, an independent investment advisory, private capital and life insurance firm, in partnership with Related Companies, CIM Group, and UHY LLP, invited Detroit-based investors to an exploratory discussion regarding the investment and tax landscape of Opportunity Zones on Tuesday, June 18th.

The event, held at the Birmingham 8 Theatre, featured expert panelists from the four aforementioned firms; Aaron Hodari, Managing Director, Schechter; Michael Winston, Managing Director, Related Fund Management; Sean Morris, Managing Director, CIM Group; Jonathon Schumaker, Tax Manager, UHY LLP.

What are the tax benefits of Opportunity Zones?

Opportunity Zones were created in the 2017 Tax Reform Bill to incentivize investment in low-income communities by providing three tax benefits to investors investing in Opportunity Zone Funds:

1. Deferral of Gain from Other Investments Invested in an Opportunity Zone Fund

2. Reduction of Taxes Payable on Deferred Gain 2

3.Exclusion of Gain on Opportunity Zone Fund Investment

About Schechter:

Schechter is a boutique, third-generation wealth advisory and financial services firm. For 80 years, our multi-disciplined team consisting of JDs, CPAs, LLMs, CLUs, PFSs, CAPs, MBAs, CFA® charterholders, CFP® practitioners and CIMA® consultants have been quietly advising wealthy families on financial matters including: Institutional quality investment advisory services, private capital and alternative investments, advanced life insurance planning, income and estate taxes, business succession and charitable planning.

Written by:

Jon Corrigan

Content Marketing Specialist

Jon Corrigan is the content creation lead for Schechter. He assists in the development of communications to the media, the public, Schechter’s advisors and our clients and strategic partners, in addition to overseeing the website and monitoring analytics. Jon comes to Schechter with a background in writing, brand management, social media and digital marketing. Previously,…