New York/ Los Angeles (PRWEB) April 10, 2009
Melville Capital (http://www.melvillecapital.com), a leading secondary market insurance advisory firm, launched its Advanced Markets practice. The new practice, led by Amy Gavartin, who has been promoted to Director of Advanced Markets, will work with clients and their advisors to ensure that they implement the most tax-efficient strategies for estate and business planning purposes, utilizing advanced case design in new business origination.
"In our work with clients in the life settlements area, we have seen a growing need for creativity in advance planning techniques, particularly now when many individuals and companies have serious concerns about liquidity," said Gavartin. "By establishing this practice, we are able to help advisors and their clients find more options in this uncertain climate. Further, whereas life settlements are applicable to a senior client base, these strategies apply to a much broader age range."
The Advanced Markets practice advises clients on such alternative financing strategies as Private Split Dollar, Private Premium Finance and Commercial Premium Finance, and allows policy owners to finance insurance premiums in ways that deliver the most tax-efficient results at the lowest possible cost.
"Amy, with her unsurpassed knowledge and experience in life insurance, is ideally suited to help Melville fulfill this need in the market," said Robert Stark, president of Melville Capital. "Most advisors understand insurance as a product and not as an asset class. Many have yet to incorporate advanced planning strategies in their origination."
Melville Capital is a secondary market insurance advisory firm specializing in life settlements focused on monetizing existing life insurance policies where the policy has become unwanted or unneeded. The company represents policy owners, insureds and referral sources in negotiating all aspects of life settlement transactions. Melville Capital has offices in New York and Los Angeles with satellite locations in Phoenix, AZ, Detroit, MI and Charleston, SC. For more information, visit http://www.melvillecapital.com.