Wow... check this out... you can invest in Deeproot!
The following is a publicly available article found here https://www.bizjournals.com/sanantonio/news/2017/08/16/san-antonio-financial-adviser-raises-15m-from.html
By Kristen Mosbrucker – Reporter, San Antonio Business Journal
Aug 16, 2017, 7:41am CDT
Investors looking for alternative strategies found value in two funds created by deeproot, a local investment firm that reported raising $15 million over the past year, according to records on file with the U.S. Securities and Exchange Commission.
Deeproot is led by Robert Mueller, a St. Mary's University Law School graduate and former USAA employee. Mueller is also a past corporate sponsor of the former San Antonio Scorpions soccer team. The company leases an undisclosed amount of space in Fountainhead Tower, near I-10 West and Callaghan Road.
Mueller declined comment for this story, despite repeated requests.
Deeproot Growth Runs Deep Fund LLC, a fund with a portfolio mostly of life insurance settlements, or sales to third parties of existing life insurance contracts held on insurers who are at least 70 years old, according to a 2014 regulatory filing. The fund buys contracts from various insurance companies for less than the net death benefits and doesn't include policyholders who are terminally ill, records show.
Since 2014, deeproot Growth Runs Deep Fund has raised $8.5 million in equity from 54 investors — including 21 nonaccredited investors — toward a total $25 million offering. The minimum investment was $25,000, records show.
The SEC defines an accredited investor as someone with two years of income of at least $200,000 as an individual or $300,000 when combined with a spouse, or someone with a net worth more than $1 million, not including the value of a primary home.
As of Aug. 7, about $579,000 was paid in finders' fees for the deeproot Growth Runs Deep Fund. These outside sales agents included a group with ties in multiple states, including Florida and Texas. Companies and individuals involved with sales to investors for this fund included INF Solutions, Financial Horizon Concepts, PGH Advisors, McNamara Capital Inc. and Supreme Alliance. Individual brokers, Michael Cales, John Hart, Bob Patrick, Roger Jones, Dennis Wirth and Wiley Carter also participated in the deal.
Meanwhile, another investment fund — called deeproot 575 Fund LLC — raised nearly $6.7 million in equity from 42 investors, records show. Among the contributors were 16 nonaccredited investors. The minimum investment for that fund was also $25,000. The specific investment strategy for this fund was not immediately clear.
In that deal, $450,821 in finders’ fees were paid. Companies involved with sales to investors for the 575 Fund included PGH Advisors, Financial Horizon Concepts, INF Solutions, RD & J Inc., Metropolitan CMG and McNamara Capital Group. As did individuals John Hart, Dennis Wirth, Zaheer Razack, and George Villa, records show.
Deeproot Advisory Services LLC and Deeproot Wealth Advisors LLC are not currently registered with the SEC. It appears the company changed its overall strategy since starting the fund.
Mueller created deeproot funds in 2013 after running National Wealth Solutions LLC — which sold annuities and life insurance products — for nearly seven years, from 2006 to 2013, according to his LinkedIn profile.
The local financial investment adviser described his investment philosophy this way: "Invest in assets that are themselves collateralized or backed by corporate or government entities," but stay "away from the unpredictable broader stock and bond market," according to the company's website.
Aaron Flores, a former fund manager for deeproot Advisory Services, worked at the company from May 2013 to December 2015, according to his LinkedIn profile. Flores is now vice president at Revolution Wealth Management. And G. Russell Hagan, who described himself on his LinkedIn profile as a deeproot funds co-founder, left the company in January 2015 and still runs Russ Hagan Inc. in Florida. Van Gunnell worked at deeproot until February 2015, according to his LinkedIn profile.
Other current deeproot Fund executives include Cary Mueller and Nathan Spradlin, according to their LinkedIn profiles.
Edit: Maybe someone can explain to me what a "finders fee" is when it comes to investing.