New York, New York June 5, 2008. The Metropolitan Advisory Group, LLC (“MAG”) announced today that it has acquired key personnel from the Innovation Advisory Group, Inc., a specialty consulting entity with focus on the premium financing and life settlement markets. Innovation Advisory Group’s unique premium financing approach rooted in insurance education has been a valuable asset for its clients that now MAG will continue to service. The extensive global relationships they have developed will serve as a strong foundation for MAG to build upon. Financial terms of the transaction were not disclosed.
The Metropolitan Advisory Group will continue to provide innovative asset protection and estate planning tools to insurance brokers, lawyers, wealth managers and private individuals. In addition, MAG will now be able to leverage Innovation Advisory Group’s pre-existing relationships with funds and investment banks currently active in the premium financing marketplace. MAG will also offer Offshore Private Placement Life Insurance (PPLI) and life settlement transactions through their strong relationships with life settlement providers, brokers and direct buyers. Combining their deep level of strategic expertise in alternative financing methods with access to this expanded product suite, MAG advisors will be further strengthened in their ability to grow and protect the multi-generational wealth of their high net-worth individual and institutional clients.
“MAG seeks to help its clients take full advantage of the new opportunities that have emerged in this burgeoning market,” stated Managing Partner Stefan Miller. “We specialize in offering an educational service to our clients providing them with background and knowledge to make informed decisions about this complex and exciting asset class.”
If you like more information on Premium Financing or Life Settlements contact:
Jonathan Mittman
Metropolitan Advisory Group, LLC
(212) 332-7596
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