The Investment Program Association (IPA) has named Mark Goldberg, of W.P. Carey, chairman of the board for 2014.

He succeeds Frank McCarthy of Ameriprise Financial Services as chairman. McCarthy was the association’s first executive from a broker-dealer to hold that position.

Headquartered in Ellicott City, Md., the IPA advocates for direct investments, including non-listed REITs, business development companies, oil and gas, and equipment-leasing programs, through education.

"In the coming year, we will continue to expand the overall understanding of direct investments as we work with federal and state regulators, and educate financial advisors and investors about the benefits of direct investments as part of a diversified portfolio," said Goldberg.

Kevin Shields, chairman and CEO of Griffin Capital Corporation, has been named chair-elect for 2014 and will be chairman of the association in 2015.

The IPA also added the following six new members to its board of directors: Martel Day, founder and principal of NLR Advisory Services; Robert Franklin Muller Jr., chief executive officer of Behringer Securities; Ella Shaw Neyland, president of Steadfast Income REIT; Ryan Parker, executive vice president of investment and planning solutions at LPL Financial; Mitchell Sabshon, chief executive officer of Inland Real Estate Investment Corp.; and Thomas Sittema, chief executive officer of CNL Financial Group.