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August 26, 2019

Michael Small Presented at the U.S. Department of Housing & Urban Development Region VII Leadership Meeting

Michael Small, Principal at The St. Louis Trust Company, presented at the U.S. Department of Housing & Urban Development Region VII Field Policy and Management leadership meeting on August 21, 2019 in St. Louis. Michael spoke about the benefits and risks of Opportunity Zone investments, sharing many similar thoughts that he expressed in his article “Investing in Opportunity Zones? Not So Fast” published earlier this year.

The Tax Cuts and Jobs Act of 2017 created over 8,700 Qualified Opportunity Zones (“Opportunity Zones”) across all 50 U.S. states, Washington DC and Puerto Rico. The purpose of these zones is to attract long-term investment into low-income, economically-distressed communities through capital gains tax incentives.

Given Michael’s background and experience in the private sector, he focused on how he and his colleagues at The St. Louis Trust Company advise their clients about investing in Opportunity Zones. Immediately following Michael’s presentation, Matt Bauer of the St. Louis Development Corporation, shared a different, public market viewpoint of Opportunity Zones. Matt’s presentation focused on St. Louis’ Opportunity Zone efforts which range from the initial selection process of the zones to the current initiatives designed to encourage development within the designated areas.

The St. Louis Trust Company’s approach to wealth management for families with multi-generational wealth is different from the norm. We provide holistic, high-touch client service combined with customized, independent investment management and a full range of family office services including family strategy and governance, estate planning, cash flow management, risk management and philanthropy coordination. Advising clients on more than thirteen billion dollars of investment assets and more than fifteen billion dollars of total wealth, we work to construct a financial strategy that achieves both short- and long-term goals. We are proactive. We are resourceful. We are relentless.

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