California-based ACE Capital Group (ACE) has formed a strategic alliance with Minneapolis-based MK Everest (MKE), a wealth management company. MKE says that GreenDeed is a land banking product that allows individual investors to diversify their financial or retirement portfolio..

The company reported that in alliance with MK Everest, land banking will be marketed as part of an integrated wealth development strategy for qualified customers. David McLeod, CEO, MK Everest, said:  “Green Deed is an incredible product and we are proud to make it available to our clients. Each of our clients is provided a Wealth Creation Team. The members of these teams have reviewed Green Deed and are excited about putting it to work on behalf of our clients. Green Deed fits in perfectly towards completing the robust Wealth Creation strategies that we provide for our clients.”

Scott Bachman, Regional Vice President, ACE, said: “Through strategic alliances with companies like MK Everest, more individuals will have an opportunity to secure their financial futures through land banking.”

Mark Narovlansky, COO, ACE, said: “As individuals look for realistic and proven ways to recover lost ground in their personal wealth creation – for retirement, or college savings or even legacy building – we are confident that holding the deed on pre-developed land in one of the world’s land banking ‘hot spots’ is a smart choice.”