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

Marketing Manager

Jon Corrigan, acting as a vice to the Director of Marketing as needed, creates, implements, and oversees all marketing activities. Jon plays an integral role in shaping the firm’s external image through the creation and deployment of marketing communications – such as, written content, social media, videos, etc. – in addition to managing the website, various lead generation campaigns, performance analytics, and nurturing strategic relationships.