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Financial Planners
Broker Dealers
Investment Firm
Tax & Estate Attorneys
Mortgage Brokers
Retirement Plan Administrators
Real Estate Professionals

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Tom Anderson, President & CEO,
PENSCO Inc., Parent and PENSCO Trust Company

• Mr. Anderson is frequently consulted by national publications regarding self-directed IRAs and has been quoted in over 30 publications including Forbes, Time Magazine, On Wall Street, Investors Business Daily, AARP's newsletter, and Bottomline Financial, among others. He also hosted "Creative Ways to Maximize your IRA', a radio show aired in three regions of the country.

•National Speaker, Educator, Author on topic of Self-Directed IRAs, Co-Editor of IRA Wealth by Patrick Rice;

• President, CEO, and Founder of PENSCO, Inc. 1989 to present;

• President and Founder of Financial Information Service 1987 to 1989;

• Vice President, Director, Trust Systems, Bank of America 1981 to 1987;

• Vice President, Director, Systems Planning, and Development, Connecticut National Bank 1975 to 1981;

• Systems Development Officer, Trust and Investment Systems; Connecticut National Bank 1969 to 1975;

• Attended Stonier School of Banking at Rutgers; B.A. Economics from Trinity College.

Steve Butler, President, Pension Dynamics

Topic: Tax Planning Habits can Contaminate Retirement Plan Investing.
Don't let this happen to you.

Rebalancing - Learn how to rebalance assets for greater gains, less risk, and no tax impact --- a case study.

Avoid the "missing 1%." - Pay investment costs as an after-tax expense rather than as a cost of the plan.

See how this simple step dramatically increases the account balances at and throughout retirement.

• President and Co-founder of Pension Dynamics Corporation, a regional pension consulting and administration firm whose corporate office is located in Pleasant Hill, CA.

• Steve is the author of 401(k) Today, and The Decision-Maker’s Guide to 401(k) Plans.

• Author of MONEY magazine article "Beware of Retirement Plan Rip-off", and has been featured in the Wall Street Journal, Nation's Business, and Fortune.

• Weekly financial columnist for Knight Ridder Newspapers.

• Participant in a new PBC series on money management.

Nathan Ross, CPA, Morgan Ross, LLC

Topic: IRA Business Development Opportunities for the Tax Practitioner

Marketing IRA consultant services

Resources available for the IRA consultant

Real estate & IRAs-Practice growth strategies for the small firm

• Nathan has over 20 years of public accounting experience. Morgan Ross PLLC focuses on providing tax and accounting services to closely-held business owners including a significant number of real estate operators and investors.

• He makes regular guest appearances on business and real estate talk radio shows and conducts seminars on tax and accounting issues pertaining to investment in real estate.

• Nathan graduated from the University of Houston with a B.B.A. (1981) and a M.B.A. (1983).

• Professional memberships include the American Institute of CPAs and the Texas Society of CPAs.

John Williamson, Managing Partner, Harb, Levy and Weiland LLP

Topic: Tax Consequences of Investing Your Self-Directed IRA

General exemption from current federal income tax
Unrelated Business Taxable Income (UBTI)
	a) What is UBTI (?) and why my IRA might have to pay tax on UBTI currently b) Exemptions from UBTI c) Debt Financed Income d) Acquisition Indebtedness
Investments in Real Estate
Investments in Securities
Tax and Filing Requirements
Planning Opportunities for Minimizing/Avoiding UBTI

• John M. Williamson is the Managing Partner at Harb, Levy & Weiland LLP.

• John received his B.A in Economics and Business Administration from Illinois College in 1978 and his M.S. in Taxation from Golden Gate University in 1989.

• He is a nationally known accountant and consultant, as well as a frequent speaker, on various securities matters.

• Harb, Levy & Weiland LLP has one of the largest practices in the western United States that specializes in audit, tax, and accounting issues related to private investment partnerships, hedge funds, broker dealers, real estate, offshore funds, and high net worth individuals that operate or invest in these vehicles. In 2004, the Firm was selected as one of the top 25 Best-Managed CPA Firms in the US according to Inside Public Accounting (2004 Best of the Best: America’s Best CPA Firms Based on Fiscal and Management Performance).

Luke Bailey, Attorney, Strasburger & Price, LLP

Topic: Selected Federal Income Tax and Other Legal Issues of Self-Directed IRA's: Basics of Prohibited Transaction and Plan Asset Rules

Overview of prohibited transaction rules
Purposes
	Structure and content of rules
	Role of Department of Labor
		Interpretive authority
		Exemptions
	Role of IRS
"Plan Asset" rules
	How they fit into the prohibited transaction question
	What they say
	Practical applications
Interpretations
	Regulations
	Case Law
	Advisory Opinions
Role of legal advice and opinions

• Luke Bailey received his A.B. (cum laude) from Occidental College in 1974; and his J.D. from the University of California at Berkeley (Order of the Coif) in 1982.

• Luke is admitted to practice in Texas and California and the U. S. District Court for the Northern District of California. He is a member of the Tax Section of the American Bar Association and the Texas Bar Association.

• Luke is the author of numerous articles and is a frequent speaker on ERISA and executive compensation.

• Mr. Bailey has extensive experience in tax and fiduciary requirements of qualified retirement and other employee benefit and executive compensation plans. He has acted as counsel in connection with the formation of many employee stock ownership plans. He has extensive experience in the areas of Section 403(b) and Section 457 plans of state and local governments, universities, and charities, welfare benefit plans, "cafeteria" plans, voluntary employees' beneficiary associations, employee leasing and co-employment, COBRA, individual retirement accounts and fringe benefit plans. Mr. Bailey has handled a large number of cases under the IRS's National Office and Key District Office programs for rehabilitating delinquent qualified retirement plans ("VCR" and "CAP") and has also handled cases with the U. S. Department of Labor's Pension and Welfare Benefits Administration involving allegations of fiduciary breaches.

• Additional details concerning Mr. Bailey's areas of practice and experience can be found at www.strasburger.com.

• Strasburger, a full-service law firm with approximately 200 attorneys in seven offices, is one of Texas' largest and most respected firms. Strasburger serves as a trusted adviser to publicly and privately held companies, entrepreneurs, executives, governmental entities, and individuals. Since the firm's founding in 1939, Strasburger attorneys have been privileged to represent more than half of the Fortune 500 companies. "Every day our professionals strive to find innovative, effective, and practical solutions to our clients' legal issues. We pride ourselves on our ability to meet and exceed client expectations - differentiating ourselves from our competition based on our level of service and the value we provide to clients."

Frank Bridges, Attorney, Lawson & Weitzen

Topic: "Structuring IRA Private Investment Entities"

When your clients is an entrepreneur who wants to establish a business with funds from both self-directed IRAs and "taxable" private investors, it's important to know how to integrate the Labor Department "operating company" qualification requirements, the self-dealing and co-investment rules, the needs of the private, taxable investor, and the economic dynamics of the "business deal."

Mr. Bridges will discuss structural models for business deals involving self-directed IRA investors

• Attended Trinity College in Hartford, CT, graduating in 1969.

• A 1972 graduate of the University of Pennsylvania Law School, Mr. Bridges has practiced law continually in Massachusetts since 1972.

• He specializes in estate and business planning for individuals and their families, including estates, gifts, trusts, probate and business succession planning.

• Mr. Bridges is a member of The National Network of Estate Planning Attorneys, a national organization of attorneys dedicated to estate and business planning, continuing education of its members and the elevation of standards of estate and business planning practice. Mr. Bridges is a Contributing Fellow of the Network and a member of its Member Advisory Board; past President and Chairman of the New England Forum.

• Mr. Bridges devotes substantial time educating practicing lawyers on technical and other subjects, and has developed professional educational classes and literature concerning self-directed IRAs.

Ami Givon, Attorney, GCA Law Partners

Topic: Recent Developments Affecting Self-Directed IRAs

IRS Notice 2004-8 -- Its effect on Roth IRA Transactions, Traditional IRA Transactions and Listed transaction Requirements

Effect of Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 on IRAs

Rollins v. Commissioner and its Prohibited Transaction Implications

New Circular 230 Standards for Giving Tax Opinions

Pending Legislation Affecting IRAs

•Amiram Givon is a partner at the Mountain View law firm of GCA Law Partners. He practices in the areas of qualified pension and profit sharing plans, nonqualified deferred compensation, ERISA, fiduciary responsibility matters, and executive compensation for tax-exempt organizations. He has previously authored articles on §457 plans and other employee benefit subjects.

•Givon received his undergraduate degree from the University of California at Berkeley, his law degree from the University of California, Hastings College of the Law, and his LL.M. degree in taxation from Golden Gate University.

Noel Ice, Attorney, Cantey & Hanger

Topic: "Can an IRA Invest in a Closely Held Business? Swanson says, "Yes!" A Relatively Thorough Analysis of the Law."

The question to be discussed is whether and under what circumstances the law permits an IRA to invest in a business in which the owner of the IRA has a direct or indirect interest, without violating the prohibited transaction rules, and the consequences of violating those rules.

• Noel Ice is Board Certified -- Estate Planning and Probate Law -- Texas Board of Legal Specialization, and a fellow and Texas Chair of the American College of Trust and Estate Counsel. He is a member of the American Bar Association, licensed to practice law in Texas in 1976; and admitted to practice before the United States District Court, Northern District of Texas; The U.S. Court of Appeals, Fifth Circuit and U.S. Tax Court.

• He graduated from the University of Texas at Austin, B.A., with honors, in 1973; and from the University of California, Hastings College of the Law, J.D., in 1976.

• Noel is an author of numerous articles and a frequent speaker on subjects within his areas of expertise. He has been listed among America's Best Lawyers in many publications, in the areas of tax law, employee benefits law and trusts and estates.

• Noel is a student of history, philosophy, literature and poetry; he enjoys hiking, bicycling, fishing and traveling. He is also a wine connoisseur.

• Mr. Ice's areas of practice include Estate Planning, Probate & Estate Administration, Taxation and ERISA Law, which are described in more detail at his website: www.trustsandestates.net.

• The law firm of Cantey & Hanger was founded in 1882 by William Capps and S. B. Cantey, Sr., and is the oldest law firm in Fort Worth and Dallas and one of the oldest in Texas. Its partners have been eyewitnesses to history and have helped make it. Among Cantey & Hanger's early clients were pioneer banks, utilities and transportation companies. Those areas still are strongly represented, along with insurance companies, energy and related firms, manufacturers, hospital and health organizations, municipalities and other governmental entities. These and other diverse areas of representation, along with individual clients, provide great stability. Yet, Cantey & Hanger is today a relatively young firm in terms of its people and outlook: open, diverse, egalitarian; still a leader in the legal profession.

Jim Collins, Attorney, Law offices of James W. Collins

Topic: The Balancing Act: Proper Integration of Retirement Plans and Estate Plans

A 'Colorful' Review of the Distribution Rules

The Professional Advisor as Counselor and Coach

The Disability Dilemma

Trusts as Beneficiaries: Pitfalls and Pluses

A View from the Future: Unique Counseling and Integration Tools

• Principal and Founder of The Law Office of James W. Collins, P.A., Sarasota, Florida

• Director of Legal Support and Senior Faculty for the National Network of Estate Planning Attorneys

• Graduate of Thomas Cooley Law School, Lansing, Michigan

• Concentrates in estate planning, from basic foundational planning to the more advanced planning for mid-tier and high net-worth clients

• Member of the Florida Bar, the American Bar Association (ABA), and the National Academy of Elder Law Attorneys (NAELA)

• The National Network of Estate Planning Attorneys (www.nnepa.com) is a national alliance of estate planning attorneys. It provides its members a platform of legal training and practice tools including education, marketing strategies, practice management tools, software, and much more. These services help attorneys serve their clients better - while they build highly successful and rewarding practices.

The Network is known for innovation and a cutting-edge approach to planning issues. Network practitioners communicate complex legal principles to clients and colleagues with unique teaching methods. Network attorneys have special expertise in the integration of IRAs with a comprehensive estate plan - including the use of protective trusts as IRA beneficiaries and multi-generational "stretch-outs."

Donald Bronstein, Scottsdale Capital Advisors

Topic: "Uncover Your Hidden Sales Pipeline: Self-Directed IRAs. Many of today's investment firms are out of touch with both their customers and financial professionals. Discover how to deliver what clients want, rather than what firms are selling."

• Member NASD and SIPC, and a Registered Investment Advisor based in Scottsdale, Arizona.

• Mr. Bronstein is a Registered Representative, a Registered Investment Advisor Representative, a Licensed Insurance Producer, and an Arizona Licensed Real Estate Salesperson.

• Mr. Bronstein successfully pioneered the pursuit of a broker/dealer that would approve the concept of non-traditional investments with a self-directed IRA custodian, coupled with a transparent securities brokerage account.

• Mr. Bronstein’s primary focus and that of his associates, is consulting with and educating clients who prefer non-traditional and traditional real estate based investments to further diversify their current retirement accounts.

• He has an extensive Wall Street investment and insurance background dating back through 1982 including Dean Witter Reynolds, NY; Manufacturers Life, Toronto; Continental Insurance, NY; Citicorp, NY; VALIC/American General, Houston.

• A seasoned Arizona Licensed Real Estate professional since 1987, Mr. Bronstein has been involved in all phases of residential properties, raw land assemblage and development, commercial property, business brokerage, 1031 exchanges, REITS, IDA Bonds, TIC, syndication, and finance.

• He has spoken at more than three hundred investment brokerage firms nationally where his group sales presentations were deemed informative, insightful, educational, motivational, productive, rewarding and fun!

Charles Kissée, President & CEO, Securus

Topic: "Integrating Self-Directed IRA's into a traditional financial practice. Add value to your services for customer retention and new business development by learning to diversify yourself! "

• Mr. Kissée is President and CEO of Securus Financial, a private wealth management and investment advisory firm serving the unique needs of high net worth clients with alternative investment strategies.

• He holds a B.S. Degree in Aerospace Engineering from the University of Southern California and has minor degrees in Computer Science and Mathematics.

• Started career as a Lifestyle Planner and has been a licensed securities and insurance professional and a Registered Investment Advisor Representative since 1999.

• Chuck has a breadth of knowledge that incorporates coaching, counseling, and all aspects of effective wealth and estate consulting.

Robyn Levin, President, R. Levin Marketing Group

Topics:
"How to Use Technology Such as RSS and Blogs to Grow Your Business"

"Interactive Session: Simplify Your Marketing Strategies using the Cocktail Napkin Plan™. Walk away with a mini-plan for incorporating self-directed IRAs into your business."

• Robyn Levin has spent the past 20 years in Strategic Marketing and PR, Business Development, and Strategic Alliances. She is President of R. Levin Marketing Group, a strategic consulting firm that advises growing financial services and real estate companies on how to accelerate growth using the latest technology, trends and innovative ideas. Her company is committed to excellence and results. Clients include Citibank, PENSCO Trust Company, UC Hastings College of Law, NHL (National Hockey League), CTX Mortgage and small business owners.

• Levin and clients have been featured in national and regional publications, TV, radio, and in Money Magazine. She is a contributing author to “Walking With the Wise” and has been featured in COSTCO small business magazine in the US and UK, and in the best-selling book, “Networking Magic”.

• Robyn Levin graduated from Temple University with a B.B.A in Business and Marketing. Levin earned a degree in International Business from Nijenrode, Holland.

• Real Estate and Mortgage Banker License obtained in 1986 in NJ and was appointed to Prudential’s National Advisory Council. Levin is a real estate investor and has her license with Keller Williams, San Francisco Properties.

• Robyn Levin, former competitive ice skater knows how to find “the edge” for her clients.

Michael P. Scott, Vice President, Sales, PENSCO Trust Company

Topics:
"PENSCO Trust's Preferred Professional Program. Learn how to build an effective 'team' of professionals in your area."

"Tap into a New Market of Investors: IRA Owners"

• Vice President, New Hampshire Operations of PENSCO Trust Company, 2001 to present;

• CEO, Founder of Iron Horse Management, LLC, 1997 to 2001;

• CEO, Founder of MPS, Incorporated, 1988 to 1997;

• Controller, Freedom Drug, Inc., 1979 to 1988;

•Chief Accountant, RockResorts Properties, 1974 to 1979;

•Attended New Hampshire College - Majoring in Accounting / Business Management, 1974.

Andrew Waite, Founder & Publisher, Personal Real Estate Investor Magazine

Topic: Making a market for a niche real estate specialty products and services

As a publisher new to this industry it is apparent that there are huge opportunities for companies that have respect for market and relationship management disciplines. The market history is characterized by boom/bust, churn, lack of coherent distribution channels and mainstream reluctance to embrace technology. This implies loss of status quo, commissions and perceived control, when nothing could be further from the truth. The customers are ahead of most professionals in embracing change. Those that adopt these principles and use these as differentiators will win this market.. The early impressions, obstacles, lessons and responses to the challenges we have faced as the popular media. What this means to finding customers and winning in your markets.

• Publisher – 9th title as VP Sales, Associate Publisher or Publisher

• Has published best selling titles in computing, real estate and sports marketing

• Resides in Phoenix AZ and believes that businesses have no chance unless their customers prosper first

Heather Anderson, Senior Marketing Manager, PENSCO Trust Company

Topics:
"Expanding Your Real Estate and Mortgage Practices to Include the Self-Directed IRA Market"

"Practical Case Studies of Real Estate and Private Placement Transactions using IRA Funds"

• Heather Anderson speaks frequently about the merits and intricacies of self-directed IRAs. As Senior Marketing Manager at PENSCO Trust Company, she formed and now maintains PENSCO Trust's national network of Preferred Professionals, a rapidly expanding list of CPAs, Attorneys, Financial Planners and Real Estate professionals who receive ongoing education and passive referrals from PENSCO Trust Company.

• Heather is a recognized expert on the topic of Self-Directed IRAs with over 10 years of experience in various capacities of PENSCO Trust Company. As such, she is a frequent speaker both locally and at national conferences.

• She graduated Phi Beta Kappa from UC Davis with a BA in German Literature and Translation. An active songwriter, she is currently working on a musical work of “autobiofictionalography.”

Jeanny Lo, Vice President, Real Estate Investing, PENSCO Trust Company

Topic: The Mechanics of Real Estate Transactions Within IRAs

• Jeanny Lo has been the Vice President of Real Estate Investments at PENSCO Trust Company since 2004.

• She graduated in 1991 with an MBA Degree in Business Marketing and Management.

• Since 1989, she has worked at First Republic Bank, CalFed/California Federal Bank, Integrated Capital/First Union, MGIC/Mortgage Guaranty Insurance Corporation, First Deposit Bank – Mortgage Division, and at Homestead Savings.

• She has also been employed by Far East National Bank/Bank Sinopac Group and Sears Mortgage Securities Corporation.

Allen Olson, CEO & Manager, Rockmann Development Group LLC

Topic: Building and Structuring your Real Estate IRA

• Allen Olson is a skilled entrepreneur experienced in creating, executing, and operating effective IRA and traditional investment programs for individuals and groups.

• He is a hands-on owner manager of several businesses and real estate investor who develops maximum results for his clients through the selection of successful projects and quality team building techniques.

• His 35 plus years in the real estate business has given him extensive hands-on working knowledge and considerable skills in negotiation, preparation, and implementation of building real estate investments.

• Mr. Olson has extensive experience at regional speaking engagement to realtors and has been a trainer at national franchises.

Thomas Phelan, President IRA Choices and Colorado/Wyoming Realtors® Only Club.

Topic: Wealth building strategies through the acquisition of real estate by the Self-Directed IRA and SEP including the Check Book Control IRA and Solo 401(k).

Tracks real estate trends and advises IRA clients when and where to buy in selected U.S. cities.
Specializes in the use of Non Recourse Financing for IRA purchased real estate.

• National Speaker, Educator, Radio Show Host & Creator of www.IRAChoices.com

• Real estate Broker and Investor with 60 investment real estate transactions in past 24 months

• Specializes in wealth building strategies for the Self-Directed IRA and SEP, 1031 Exchanging and Reverse Mortgages.

•Published by Wall Street Journal Internet Section on "Real Estate", Simon & Schuster and Bantam Books

•Smith Barney Stock Broker in New York 1996. Degree in Law.

Patrick Rice, President, IRA Resource Associates, Inc.

Topic: Risk Management and Deal Making with IRAs and Real Estate

The discussion will include in depth discussions of actual transactions completed over the past 19 years of investing IRAs in real estate as well as strategies for the future. Mr. Rice has been an investor as well deal maker for IRA clients for almost two decades and has successfully completed over $100,000,000 in IRA real estate transactions over the years.

IRA Resource Associates, Inc., is a Washington based IRA real estate investment company that invests clients IRAs and descretionary funds nation wide in a variety of real estate products including Limited Liability Companys for acquistion and development of real estate, notes and deeds of trust and NNN lease opportunities. Company President, Patrick W. Rice, has been involved in commercial real estate since 1978 and with IRAs since 1986.

• Patrick W. Rice is or has been a member of the National Council of Exchangors, First Oregon NCE, Real Estate Marketing Group of Oregon and CARP and has been awarded Exchangor of the Year honors by M.A.R.T. in Oregon.

• Since 1986 Patrick W. Rice has been at the forefront of IRA investing with real estate-related products (land, improved real estate, trust deeds, mortgages, real estate contracts. etc.). He has been an investment real estate broker since 1978 and has held a real estate broker’s license in four states.

• Patrick W. Rice is the author of “IRA Wealth: Revolutionary IRA Strategies for Real Estate Investments” (Square One Publishing, 2003) and many magazine and newspaper articles on real estate and IRAs. IRA Resource Associates, Inc.’s website at www.IRAresource.com carries many of these articles. Mr. Rice continues to write and lecture on IRAs and real estate, and is available to meet with you or your group to discuss IRAs and real estate as it specifically applies to your investments or business.

Roberta Standen, Vice President, Equity Holding Corporation

Topic: Find all the Notes you Need Under your Nose

Develop a perpetual income stream from notes secured by real estate by forming a strategic alliance with entities where notes are created, structured, modified, serviced, purchased and/or offered for sale.

• Roberta M. Standen, Executive Vice President of Equity Holding Corporation, former President and CEO of Coldwell Banker Mother Lode Properties, Inc. from 1985 – 1998 is a 1977 graduate of the Realtors Institute and a certified teacher for the Coldwell Banker University. She holds the professional designation of Equity Marketing Specialist (EMS) and Diversified Cash Flow Specialist (DCFS).

• Roberta is also the Vice President and Marketing Director for California Equity Corporation, involved in loan origination, mortgage brokering, and mortgage banking since 1984 and the Operating Manager for Mariposa Financial LLC, a commercial real estate enterprise.

• A National Speaker and Seminar Presenter for the National Exchange Counselors, NoteWorthy, and the American Cash Flow Association, she is also the author of many articles in Journals and Magazines for the Cash Flow Industry.

• The Equity Holding Corporation, a non-profit mutual benefit corporation, functions as a Corporate Trustee, acting only for the benefit of its certified members in a Land Trust. The Land Trust provides the beneficiaries a practical, economical (and anonymous) alternative form of real estate ownership and has been used throughout the United States for more than 100 years. A Land Trust has the effect of converting ownership of real property to ownership of personalty, even though such ownership is characterized for income tax purpose as ownership in real estate. Equity Holding Corporation serves as Trustee for the Equity Holding Trust ™ as well as Title Holding Trusts Nationwide.

Tom Standen Sr., President, Note Servicing Center, Inc.

Topic: Think Outside the Stocks

An analysis of private notes secured by real estate trust deeds as a diversification in an investment portfolio. Presentation will include: risk and yield analysis, pricing guidelines and due diligence.

• Tom Standen attended the University of California at San Diego and the University of Virginia where he graduated from the FBI National Academy in 1974 and has been involved in the Real Estate and Mortgage Industry since 1976.

• He embarked upon a second career in commercial real estate and mortgage brokering. He holds a lifetime teaching credential and is a court appointed Referee and Receiver for the County Superior Court.

• He is one of the founding directors of what is now known as the California Mortgage Association.

• In 1984 Tom established North American Loan Servicing Corporation, which was formed primarily to collect, calculate, and disburse note payments for seller financed real estate, and now also provides services for structured settlements, lotteries, contracts, and other financing instruments.

• Tom is President, organizer and founder of Equity Holding Corporation, a non-profit mutual benefit corporation, created specifically to act as Corporate Trustee for the Equity Holding Trust™. He is also the Manager Member of California Equity Investors, LLC, a private mortgage pool invested in real estate notes and hard money loans for commerical land development.

• The Note Servicing Center, Inc., a third generation family-owned and independently operated business, was formed in 1984 primarily to collect, calculate and disburse note payments for privately financed real estate that no bank, financial institution or escrow company had the time, capability or motivation to provide. The firm has a proven record of handling the needs for Partnerships, Mortgage and Loan Brokers, Note Brokers, Exchange Brokers and Intermediaries, Trust and Pension Companies, Attorneys, Title and Escrow Companies, Executors and Bankruptcy Referees. We accommodate IRA, Pension Plans and Savings Accounts by depositing funds as directed.

Bruce Thielen, Senior Vice President of Residential Lending,
North American Savings Bank

Topic: Real Estate Investor (Non-Recourse Lending)

A discussion of NASB's non-recourse loan programs for single family, multi-family and commercial real estate, including allowable property types and ownership structures.

• Bruce Thielen is the Senior Vice President of Residential Lending for North American Savings Bank, FSB, based in Grandview, Missouri, since 1991.

• Bruce has 25 years of real estate lending experience.

• Attended Eastern Illinois University.

• North American Savings Bank is a $1.5 Billion Bank, which has been in operation since 1927, with deposit branches and loan offices throughout Kansas City, offering Residential loans, commercial real estate loans and residential construction loans. NASB also operates residential lending offices in Springfield and St. Louis, Missouri and in Davenport, Iowa. NASB is a nationwide Internet lender, providing residential loans in all 50 states, under the name of MortgagebyInternet.com.

• North American Savings Bank is the only Nationwide non-recourse Lender for IRA Real Estate Investments.