RealBlocks Private Securities, Inc. - Important Disclosures
Brokerage Products offered by RealBlocks Private Securities: Not FDIC Insured • No Bank Guarantee • May Lose Value. RealBlocks Private Securities, Inc. (RBPS) is a Securities and Exchange Commission (SEC) registered broker/dealer and a member of the Financial Industry Regulatory Authority (FINRA).
Investor acknowledges that their investment has been made on an “unsolicited” basis. The investment you are making is based on your own initiative, without recommendations, suggestions, or prompting from RealBlocks Private Securities, Inc. RBPS does not provide legal, tax, investment or insurance advice on this site. Nothing on the site should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by RBPS or any third party. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation.
Important Note: These Terms contain a dispute resolution and arbitration provision, including class action waiver, which affects your rights under these Terms and with respect to any dispute you may have with RealBlocks. You may opt out of the binding individual arbitration and class action waiver as provided below.
Relationship Summary
RealBlocks Private Securities Inc. (“RBPS”) is a broker-dealer registered with the Securities and Exchange Commission (“SEC”). RBPS is a member of the Financial Industry Regulatory Authority (“FINRA”) and of the Securities Investor Protection Corp (“SIPC”).
This document provides a summary of the services we offer to retail investors and the fees we charge.RBPS business is limited to alternative investments such as a Real Estate Investment Trust (“REIT”), typically structured as a private placement of securities. The firm works with institutional investors, and with accredited and qualified individual investors.
Free and simple tools are available to research firms and investment professionals at Investor.gov/CRS which also provides educational materials about broker-dealers, investment advisers and investing. Brokercheck.finra.org provides information that includes disciplinary history about member firms and individual registered representatives.
What investment services and advice can you provide me?
Our investment services are offered to accredited investors, exclusively through the sale of private placements. A private placement is an offering of securities that is exempt from registration with the SEC and may carry significant risk, which may result in the loss of some or all your investment. Risks may include the inability to sell your investment for cash, a lack of publicly available information on the company issuing the securities, and no guarantee of returns or periodic payments. We do not offer any other investment products or services to retail investors.
What fees will I pay?
Commissions, fees, and costs are contained in the offering document for each investment, which you will be provided with and should read carefully. Please make sure you understand the commissions, costs, and fees you are paying.
The investments we provide often contain a dealer-management or other management fee. RBPS may be paid a sales commission by the issuer. When we are paid a commission, we would have an incentive to encourage an investor to invest in our offerings. You may not pay a commission directly to us, but a commission may be part of the offering price you pay and may be paid to us by the issuer from the proceeds of the offering. This commission payment may cause a conflict between your interests and ours.
You may pay fees whether you make or lose money on your investments. Fees will reduce any amount of money you make on your investments over time. Please make sure you understand what fees you are paying.
What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?
When we provide you with a recommendation, we must act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect recommendations that we provide you.
Here are some examples to help you understand what this means:
- Our brokerage services are limited to a small number of private placement offerings. Other firms can provide a wider range of investment choices, some of which may have lower costs.
- We may offer you the opportunity to invest in a specific private placement at a point in time, but we may not offer you the opportunity to invest in every private placement we offer.
- The investments we offer you typically entail management fees.
- We may be paid a transaction-based fee for each investment. This fee is a percentage of the amount you invest, and we therefore have an incentive for you to invest more.
- We may offer you investments in affiliated or related companies.
- We may offer you investments in which an affiliated or related company or person performs a service or maintains a financial interest, such as managing the company, or are otherwise compensated for performing services.
- Registered Representatives and other employees of our firm may invest alongside you.
- Affiliated or related companies may participate in the sponsorship, development, management or financing of a project or business funded by an investment we offer you.
How do our financial professionals make money?
- We may receive a portion of the dealer-management fee or other fees charged to you.
- We may receive a placement fee from an issuer based on the sale of a private placement to you.
- We may receive a commission from the sale of a private placement we offer you.
- Our financial professionals are compensated with a salary and discretionary bonus and are not paid commissions or fees based upon your investments.
- The fees, commissions and costs of each offering are outlined in the offering document you will be provided.
Do you or your financial professionals have legal or disciplinary history?
No, our firm does not have a legal or disciplinary history, nor do any of our financial professionals currently. Disclosures for our and our financial professionals can be found by going to Investor.gov/CRS.
Additional Information
Your primary contact person is Scott Brooks who may be reached by phone or email at scott@realblockssecurities.com or 203-964-7678.
You can obtain additional information about our services, request a copy of the relationship summary, or direct any other questions or concerns you may have to us via email to info@realblocks.com or by phone at 678-439-6759.
Customer Identification Program Notice
Important Information You Need to Know about Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify and record information that identifies each person who opens an account. This notice answers some questions about our Customer Identification Program.
What types of information will I need to provide?
When you open an account, we are required to collect the following information:
- Name
- Date of birth
- Address
- Identification number
U.S. citizen: taxpayer identification number (Social Security number or employer ID number)
Non-U.S. citizen: taxpayer identification number; passport number and country of issuance; alien identification card number; or government-issued identification showing nationality, residence and a photograph of you.
You may also need to show your driver’s license or other identifying documents.
A corporation, partnership, trust or other legal entity may need to provide other information, such as its principal place of business, local office, employer identification number, certified articles of incorporation, government-issued business license, a partnership agreement or a trust agreement.
U.S. Department of the Treasury, Securities and Exchange Commission, NASD and New York Stock Exchange rules already require you to provide most of this information. These rules also may require you to provide additional information, such as your net worth, annual income, occupation, employment information, investment experience and objectives and risk tolerance.
What happens if I don’t provide the information requested or my identity can’t be verified?
We may not be able to open an account or carry out transactions for you. If we have already opened an account for you, we may have to close it.
Business Continuity Planning - Disclosure Statement
RealBlocks Private Securities, Inc.has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.Contacting RealBlocks Private Securities, Inc: If, after a significant business disruption you cannot contact us as you usually do, you should contact us at 612-460-5924.
Our Business Continuity Plan - We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm's books and records, and retrieving key customer records. In short, our business continuity plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption.Our business continuity plan addresses: data backup and recovery; financial and operational assessments; alternative communications with customers, employees and regulators; alternate physical location of employees; critical service provider, bank and customer impact; and regulatory reporting.We have retained third party service providers to ensure remote backup facilities and off-site storage for our books and records. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we expect to be able to promptly retrieve our books and records. We will quickly establish alternative arrangements if a critical service provider can no longer provide the needed goods or services when we need them because of a Significant Business Disruption to them or our firm.
Varying Disruptions - Significant Business Disruptions can vary in their scope, such as only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within 48 hours. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business as soon as possible. In either situation we plan to continue in business and notify you how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will discuss alternative arrangements with you.
For more information - If you have questions about our business continuity planning, you can contact us at 612-460-5924.