Office by Alex Penny
Brian McGuane brings to clients over fifteen years of experience in the investment field and was among the first to recognize the unique potential of the Life Settlement industry.
Brian earned his series 7 securities broker’s license in 1991 and opened his own OSJ (independent securities office) in 1995 with accounts held by Raymond James. In that endeavor he oversaw ten series 7 licensed securities brokers and managed $50 million in individual stock portfolios for approximately 100 clients.
In 1999 Brian moved his focus to the Life Settlement industry and established a company in Charlotte, NC offering these newly developed investments to individuals and small institutions. His company grew to serve 500 clients and employ 11 agents.
Identifying enhanced opportunities with institutional clients, international markets and the life settlement and premium finance markets, Brian moved his company to Southern California in 2002. Since that time he has built a solid and prospering business assisting clients with innovative applications of Life Settlement investments and financing.
In addition to working with individual and institutional investors, Brian’s company has expanded to serve international clients with both governmental and private funding sources in Taiwan, London, Netherlands and Cypress. Brian has been directly involved with government officials in developing the first securitized life settlement product for Taiwan. He has prospered in his endeavors because each is built upon the bedrock values of integrity, market knowledge, and respect for his clients.
Check out this neat new app, it aggregates all of my links and all of the links from people I follow into a daily digest, love it!
Provident Capital Partners, L.P., a Swiss based institutional asset manager and hedge fund, has announced the issue of a USD300 Million Zero-Coupon Collateralized AA-rated Bond. Banking and insurance industry experts point to new, innovative structure as groundbreaking step in further linking the insurance industry and the global credit markets.
Just more evidence that the life settlement industry is growing to become one of the most substantial forces in alternative investments. The largest population state in the United States has recently approved licensing for “Thirty Nine Providers” who “Can Now Do Business in California”
As with virtually all financial industry markets the life settlement industry had a set back in 2009. However the recovery of this market seems to be accelerated due to the benefits of the underling investment vehicle given its defensive strategy which is complimented by having an established, organized and effective industry organization (LISA) giving guidance to the industry members.
As evidenced by this article, life settlements are becoming a mainstream liquidation option for all policy holders. Some states like Kentucky are requiring life insurance carriers to inform policy holders that they may be able to sell their policy into the secondary market as opposed to accepting the small surrender value offered by the carrier. This will only secure the life settlement market by introducing more supply of policies for potential investors.
Investors in today’s markets are starving for investments that are uncorrelated. This simply means that their investment performance is not tied to the equity or bond markets around the world. Furthermore as noted in this article it is also a great defensive investment that is not effected by interest rates or any other outside factors. Also note the reference to the June 30, 2007 article from Business Week named “Profit From Mortality”. I will follow up with a picture today and finally get 25 friends to become fans.
Critics say plan to treat all life settlements as securities will shrink the industry – or worse; others say that’s hooey
