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Post-Tax Day “Get a Grip” Golf Tournament

Axxcess Wealth Management is once again one of the sponsors of this year’s Post-Tax Day Golf Tournament on April 16th, 2019. This tournament is an organized, casual, entertaining afternoon of golf with fellow professionals, including CPAs, EAs, attorneys, financial advisors, bankers, and risk professionals. Please join us and use this opportunity to network and mingle […]

April 2, 2019/by admin

Lyft files with SEC for long awaited IPO

News

“We’ve been waiting for a long time and with great anticipation for Lyft to finally file for an IPO. And, boy, the ride-hailing giant did not disappoint. According to documents filed with the Securities and Exchange Commission, Lyft’s financial performance has surpassed our general expectations regarding growth and, perhaps more surprisingly, pathway to profitability. The […]

March 5, 2019/by admin

Post-Tax Day “Get a Grip” Golf Tournament

News

April 2, 2019/by admin

Lyft files with SEC for long awaited IPO

News

March 5, 2019/by admin

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Post-Tax Day “Get a Grip” Golf Tournament

News

Please join us and use this opportunity to network and mingle with fellow industry professionals. Click here to register.

April 2, 2019/by admin

Lyft files with SEC for long awaited IPO

News

“We’ve been waiting for a long time and with great anticipation for Lyft to finally file for an IPO. And, boy, the ride-hailing giant did not disappoint.

According to documents filed with the Securities and Exchange Commission, Lyft’s financial performance has surpassed our general expectations regarding growth and, perhaps more surprisingly, pathway to profitability.

The company said it generated $2.16 billion in revenue last year, which represents a compound annual growth rate (CAGR) of 151 percent since 2016. Moreover, Lyft has controlled costs better than we expected with a mild CAGR of 16 percent over the same period.” Says Alejandro Ortiz, a Research Analyst, Private Investment Research for SharesPost Research LLC. Prior to joining SharesPost, he was a Valuation Analyst at Duff & Phelps with a focus on TMT industries.

According to SharesPost “The universe of private companies has expanded because companies are choosing to stay private longer since they have access to growth capital that was not available in the past. The ability for individual investors to invest in private companies can be challenging. Lack of liquidity, high minimums, and lack of access to venture or private equity institutional investors are all hurdles that challenge individual investors.”

Axxcess began to follow SharesPost in the third quarter 2018 and they were a invited to be presenting sponsor at our annual Axxcess Advisor Conference in November, in Carlsbad California to introduce their strategy to the professionals working on the Axxcess Platform.

Individual investors interested in private companies to a closed end, continuously offered mutual fund which is available at most brokerage firms, called the SharesPost 100 Fund Class I (PIIVX). To read more about a fund that invests in private companies, and is invested in Lyft, please follow the link below. The link below contains information, including the funds prospectus, which details the funds risks and expenses. Risks of investing in non-public companies are significant, including the risk of losing the entirety of your principal, and are not suitable for everyone. Please reach out to your Advisor for more information on your particular situation of if you want to learn more. Past performance is not an indication of future returns.

For the link, click here.

March 5, 2019/by admin

Important Information

Advisory services provided by Axxcess Wealth Management, LLC (AWM), an Investment Adviser registered with the SEC. Advisory services are only offered to clients or prospective clients where Axxcess Wealth Management, LLC and its Investment Advisor Representatives are properly licensed or exempt from registration.Securities are offered by Arete Wealth Management, LLC member FINRA, SIPC, NFA.

Axxcess offers advisory services independent of Arete. Neither firm is affiliated.

For complete disclosures please visit:

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

Post-Tax Day “Get a Grip” Golf Tournament

Lyft files with SEC for long awaited IPO

Post-Tax Day “Get a Grip” Golf Tournament

Lyft files with SEC for long awaited IPO

Full Sized Blog Element (Big Preview Pic)

Post-Tax Day “Get a Grip” Golf Tournament

Lyft files with SEC for long awaited IPO

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