FactRight

Due Diligence Reporting

  • Facebook
  • LinkedIn
  • Phone
  • Twitter

Report Center Login >

  • Home
  • ABOUT US
  • Financial Advisory Firms
    • RISK MANAGEMENT SERVICES
    • Report Center
    • Product Coverage
  • PRODUCT SPONSORS
    • Due Diligence Reporting
    • Preparing for FactRight Diligence
  • Resources
    • Report Center
    • FactRight Webinars
    • FAQs
  • Events
  • Weekly Updates
  • FactRight Blog
  • Contact

Kathryn Stephany, JD

Kathryn Stephany

Kathryn Stephany, JD

GENERAL COUNSEL

AREAS OF EXPERTISE
• Operational Due Diligence
• Governance
• Operational Controls

Biography

Prior to her current role as General Counsel, Kate Stephany worked as securities attorney at FactRight since 2013.

Kate focuses on the business/formation areas of a company. Though she was new to the industry when she started at FactRight, her previous experience in bankruptcy law and banking helped her excel, and after a year she was promoted to project lead.

After obtaining her undergraduate degree, Kate worked in the finance department of a large insurance company, and moved to the Twin Cities a few years later to attend law school. Prior to working at FactRight, Kate held several positions, including contract work in due diligence for an international financial services company, and practiced bankruptcy law.

Kate is an avid knitter, winning awards from the Minnesota State fair, and enjoys camping with her husband.

Education

  • Juris Doctorate, William Mitchell College of Law
  • Bachelor of Science, Finance, University of Illinois

Professional Associations and Memberships

  • Past co-vice chair of Legal and Regulatory Committee, ADISA
  • Member of ADISA legal and Regulatory committee
  • Member, State Bar of Minnesota
  • MSU Women in Leadership Advisory Board – 2021

Recent Blogs from FactRight

  • How Inflation and Interest Rate Increases Could Impact Real Estate-Focused Alternative Investments
    by Jeff.B@factright.com (Jeff Baumgartner) on June 28, 2022 at 4:19 pm

    Inflation is running at 8.6%, and the Fed has been aggressively raising interest rates. It is now signaling that equally large rate hikes could be on the horizon as early as next month. The Fed’s dual mandate is to keep the economy at full employment while at the same time keeping inflation under control. During the time since the financial crisis of 2008, which includes the Covid-19 slowdown in 2020, the Fed’s primary focus has been on full employment (economic growth). Since 2008 we have witnessed massive government bailouts beginning with the TARP bailouts, to combat the financial crisis, and culminating with $4.6 trillion being spent through the CARES Act and other relief measures to combat the impacts of the Covid-19 pandemic. For more than a decade after the 2008 crisis, economic growth was stubbornly slow, and the pandemic did not help matters. For all the government’s efforts to grow the economy, real economic growth averaged a paltry 2.3% per year from mid-2009 through 2019, and actually contracted by 3.4% in 2020 before growing by 5.7% in 2021. Accommodative monetary policy in the form of quantitative easing, and accommodative fiscal policy in the form of government bailouts conspired to keep interest rates (the cost of borrowing money) low. Unsurprisingly, only because economic growth never really took off, inflation remained subdued. But much like waking up from a party that went on way too long, only to find silly-string on the furniture and a pizza spinning on the record player, what comes next may be sobering.

  • A Guide to Understanding Proposed Changes to the QOZ Program
    by russell@factright.com (Russell Putnam) on May 25, 2022 at 5:16 pm

    In 2017, Congress created the qualified opportunity zone (QOZ) program to encourage long-term investment in economically distressed communities by providing investors with three tax incentives to help drive private capital to lower-income areas throughout the country. Since then, the FactRight team of analysts has reviewed several qualified opportunity funds (QOFs) that focus on real estate development located in QOZs. Over the last year, we’ve received a number of questions from broker-dealers and RIAs regarding whether any changes to the QOZ program are on the horizon, and it looks like the answer might be yes.

  • Investment Committee Best Practices for Wealth Managers
    by Julie Olsen on April 27, 2022 at 6:23 pm

    An investment committee (IC) provides wealth management firms a formalized mechanism for improved due diligence, ongoing monitoring, and decision-making.  A good IC aligns organizational goals, roles, and processes and enhances accountability, clarity of purpose, and shared knowledge among the team.   

  • Largest Interval Funds - A Due Diligence Guide
    by gavin@factright.com (Gavin Aydt) on April 6, 2022 at 5:14 pm

    An interval fund is a subcategory of closed-end funds and is a Regulated Investment Company (RIC), which is subject to 1940 Act regulation. Shares of interval funds are not generally “redeemable,” which is why the funds are classified as closed-end rather than open-end funds. Interval funds are so named because they must offer to repurchase shares at pre-determined “periodic intervals.” Although interval funds are closed-end funds from a legal standpoint, they also have features that are usually related to open-end funds, which is why they are sometimes described as a hybrid.

  • Highlights from FactRight's RIA Spring Due Diligence Conference
    by Kate@FactRight.com (Kate Stephany) on March 23, 2022 at 4:43 pm

    Was it just me, or did our most recent conference in Scottsdale feel, dare I say it, almost normal? I mean, the sun was shining, the palms were swaying, and the beer burro was melting hearts.

Contact

FactRight, LLC

7500 Flying Cloud Drive, Suite 755
Eden Prairie, MN 55344

Call Today: (612) 284-6150
https://www.factright.com/

info@factright.com

FactRight Report Center

Independent risk assessment and third party due diligence reports. Log In >

Looking for Something?

  • Facebook
  • LinkedIn
  • Phone
  • Twitter
  • Home
  • ABOUT US
  • Financial Advisory Firms
  • PRODUCT SPONSORS
  • Resources
  • Events
  • Weekly Updates
  • FactRight Blog
  • Contact

Copyright © 2022 · FactRight, LLC · DISCLAIMER