Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

Firm To Sell Policy Funds

X
Your article was successfully shared with the contacts you provided.

Life Partners Holdings Inc. is preparing to distribute a new series of life settlement funds through broker-dealers in all 50 states.

Life Partners, Waco, Texas, says the new funds should appeal to broker-dealers, because they will be structured in a fashion that is familiar the broker-dealers and to their regulators.

Life Partners Chief Executive Brian Pardo announced the new funds at the company’s annual shareholder meeting.

Also during the meeting, Pardo said he expects Life Partner’s existing investors will reinvest a high percentage of their settlement payouts in new life settlement transactions.

Over the next 5 years, more than $1 billion dollars could become available for reinvestment, Pardo said.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.