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1031 Exchanges

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Russell Sherman
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Relationship between DST Brokers, Sponsors, Etc.

Russell Sherman
Posted Jun 14 2022, 14:39

As I look into DST's, I notice most brokers such as Cornerstone, Archer etc. are affiliated other firms such as Thornhill Securities Inc or Lightpath Capitol. Can someone explain this relationship and how it may effect my decision; fees, offering availability etc? Thank you.

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Brandon Bruckman
  • Financial Advisor
  • Milwaukee, WI
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Brandon Bruckman
  • Financial Advisor
  • Milwaukee, WI
Replied Jun 16 2022, 17:15

These firms all appear to be broker dealers. Broker dealers will typically charge you more to invest in the same DST as a Registered Investment Adviser will. (full disclosure, I am an investment adviser. But call these shops, ask them what they charge).

I'd also ask these firms to describe the relationships in your question.  The answer should be satisfactory to you or you should walk away.  

Hope this helps!