Ashford Securities LLC (“Ashford Securities”), a wholly-owned subsidiary of Ashford Inc. (NYSE American: AINC) (“Ashford”), is pleased to announce that it has reached a milestone of $500 million, including $42.1 million from institutions, in capital raised in less than two years of serving investors via the independent broker-dealer and RIA distribution channels. Ashford Securities previously served as the managing broker-dealer for Braemar Hotels & Resorts Inc. and currently serves as the managing broker-dealer for Ashford Hospitality Trust, Inc. and a growth-oriented private offering that is targeting investments in all types of commercial real estate in the state of Texas.
To date, over 88 independent broker-dealers and RIAs have utilized the investment products distributed by Ashford Securities. Ashford Securities is based in Dallas, TX, and has 28 investment professionals across its team.
Mr. C. Jay Steigerwald III, President and Head of Distribution of Ashford Securities commented, “Our goal is to provide highly differentiated investment products to financial intermediaries. I would like to take this opportunity to thank all of our distribution partners for our tremendous success. Without their confidence, trust, and support this would not have been possible. We are very excited about what the future holds for Ashford Securities.”
About Ashford Securities LLC
Ashford Securities, member FINRA/SIPC, is an SEC-registered broker-dealer that is whollyowned by Ashford and serves as the distributor for investment products within the Ashford group of companies.
About Ashford Hospitality Trust, Inc.
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing predominantly in upper upscale, full-service hotels.
About Ashford Inc.
Ashford is an alternative asset management company with a portfolio of strategic operating businesses that provides global asset management, investment management, and related services to the real estate and hospitality sectors
