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Media Contacts:
Tina Atchenson /Bryan Schick
Highland Capital Holding Corporation
205.263.4400
Highland Capital Announces Premium Financing Initiative
Company Continues to Initiate Innovative Programs for the High-end Insurance Marketplace
[Birmingham, AL; February 28, 2003]—
Highland Capital Holding Corporation, a premier national financial services and insurance distribution company, announces that the company has initiated its premium financing program. Bryan Schick, CPA will be heading up the premium financing support unit for the company.
“Premium financing is an initiative that Highland Capital offices will offer clients through the company’s portfolio of
Life Concepts SM,” said Rick Keidan, Executive Vice President and Chief Distribution Officer for Highland Capital. “Highland Capital has identified premium financing as an important offering for clients in that it enables high-net-worth clients with a life insurance need to defer using their liquid assets to fund a life insurance policy. The company’s approach is unique with our dedicated multi-carrier support, along with our extensive training and back-office resources.”
Within the new Highland Capital premium financing unit, the company has dedicated resources to provide comprehensive presentation support, historical interest rate comparisons, insurance illustrations, technical reference appendices, and regularly updated market data. Highland Capital also brings to the table access to multiple funding sources, providing a comprehensive offering that the company believes to be unique within the market.
Leading the premium financing support unit, Schick has been with the corporate office for three years and has over six years of M&A experience, including financial modeling, due diligence, and deal structure. He is also a certified public accountant. Schick will be working with Mark Wesson, Vice President Institutions, who will provide unique expertise given his extensive banking background. Wesson has over twelve years of lending experience with one of the top 25 banks in the U.S. His vast experience includes loan and deal structure, pricing negotiations and advanced financing strategies with wealthy families and companies.
“We are excited about the overwhelming response the premium financing initiative has had from the Highland Capital offices,” said Schick. “The unique strategy provides an additional tool that may be used to provide funding for large life insurance cases, and Highland Capital’s approach has been attractive to our offices in that we provide all the back-office support and are well positioned to negotiate excellent terms with the lending institutions.”
About Highland Capital
Birmingham-based Highland Capital Holding Corporation, an innovator in the distribution of financial services, was formed to acquire, equip, and grow the premier national network of firms who provide financial products and services to the corporate and affluent marketplace. Highland Capital’s two complementary distribution strategies – retail and wholesale - come together under a shared vision to redefine upscale distribution in the financial services industry. The company has over 60 offices nationwide.
The company’s fundamental objective is to equip firms to compete effectively within the consolidating financial services industry while creating an opportunity for individual principals to realize the equity value of their firms. The firms acquired by Highland Capital distribute financial services products directly to retail consumers and indirectly through institutional accounts and affiliated financial services firms. Highland Capital’s retail offices offer asset management, business succession planning, estate planning, executive compensation, employee benefits, and retirement planning for the corporate and affluent marketplace. The wholesale offices, Highland Capital Brokerage, provide access to major carriers, advanced planning support, expertise in risk underwriting, and various financial products and services to insurance brokers, financial planners, and various institutions, such as banks, wirehouses, and CPA firms. Visit www.highland.com for more information or contact Bryan Schick at 205.263.4400.
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