The #1 Reason Consumers Sell Their Structured Settlements Is to Pay Bills, According to Survey by J.G. Wentworth : Current financial environment seen as catalyst for sales of ‘illiquid financial assets’

BRYN MAWR, Pa. (PRWEB) October 28, 2008

The survey represents some of the most concrete insights on the attitudes of the estimated 2 million Americans who hold some $ 100 billion in structured settlements. Structured settlements were introduced in the U.S. in the 1970s as an alternative to lump sum settlements of legal claims.

“What these survey findings tell us is that consumers are looking to tap into the value of illiquid financial assets like structured settlements,” said Ken Murray, chief marketing officer for J.G. Wentworth. “Approximately 71% of the surveyed consumers selling all or part of their structured settlements have held them for more than 10 years, and we believe that the current financial environment will accelerate that trend.”

While structured settlements provide a stream of payments over a defined period, often people find they need access to their funds now, whether to address immediate financial needs like paying bills or to plan for the future by starting a business, financing home improvement or paying for college tuition for themselves or family members, Mr. Murray noted.

“Structured settlements are established for many different reasons, and attempt to take into account the potential future needs of the plaintiff while providing a reliable source of income,” Mr. Murray said. “Unfortunately, the inflexibility of this structure can make it difficult to adapt to life’s events. Selling part or all of a structured settlement offers consumers the financial flexibility they may need to deal with a problem or take advantage of an opportunity.”

About the J.G. Wentworth family of companies

J.G. Wentworth, Inc., based in Bryn Mawr, PA, is the nation’s oldest, largest and most respected buyer of deferred payments for illiquid financial assets like structured settlements, annuities and, through dedicated subsidiaries, life insurance policies. Since 1992, J.G. Wentworth has purchased over $ 3 billion of future payment obligations from consumers and is also the nation’s largest securitizer of structured settlement and annuity backed notes. The company’s notes are rated AAA by Standard & Poor’s Corporation.

For more information about J.G. Wentworth, go to

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IMS Expert Services Forms Financial Crisis Expert Practice Group

Pensacola, FL (PRWEB) November 10, 2008

IMS ExpertServices, the global leader in expert witness search services, announced today the formation of a Financial Crisis Expert Practice Group. IMS assembled the team to provide experts needed during fallout from the current economic crisis.

“IMS ExpertServices has years of experience locating, vetting and placing financial industry experts,” said President Bill Wein. “Since the start of the year we’ve been monitoring movement in the markets. We’ve identified five areas of concentration where we anticipate a strong demand for best of class experts for the financial services sector: mortgage-backed securities, particularly securitization of subprime mortgage loans; other undersecured asset-backed securities, particularly resulting from credit card securitization; interest rate swaps and other derivatives; municipal bonds; and executive compensation matters. Our Financial Crisis Expert Practice Group stands ready to assist our clients with these and other financial sector issues.”

IMS provides expert witnesses for attorneys at over 90 of the AmLaw 100 law firms, as well as top notch regional boutique firms. Though some clients may be accustomed to thinking of IMS as the best resource for technical experts for patent infringement litigation, in fact IMS has deep experience with the financial services sector. IMS experts have worked on some of the largest bankruptcies in the past several years including WorldCom, Enron, Iridium and other significant cases in the courts.

While IMS is skilled in these business segments, so are its experts. “We’ve identified individuals of significant expertise prepared to opine on matters arising from credit and finance litigation,” said Mike Wein, IMS’s CEO. “First class experts are always a finite resource. Our Financial Crisis Expert Practice Group is designed to ensure our clients have the expert witness resources they need when they face challenges arising from the economic situation.”

About IMS

IMS ExpertServices is the legal industry’s premier expert witness search firm, proudly serving over 90 of the firms on the AmLaw 100, American Lawyer Magazine’s ranking of the 100 largest and most profitable law firms in the U.S. With offices in Denver and Atlanta and headquartered in Pensacola, IMS provides the most qualified experts and litigation consultants to attorneys representing clients in business-to-business litigation. More than 300 law firms and 1800 attorneys worldwide partner with IMS ExpertServices to meet their expert witness and litigation consultant needs. For more information call 877.838.8464.

Media inquiries, please contact:

Deborah Brousseau

Manager, Internet Marketing

IMS Expert Services



AuthenWare Adds Financial Sector Expert to Management Team

Miami, FL (PRWEB) May 8, 2009

AuthenWare, a leader in keystroke dynamics software, today announced that Andre De Castro has joined the company as Vice President of Pre-Sales and Professional Services. In this role, he will be instrumental in positioning and aggressively marketing AuthenWare’s end-to-end solutions across the globe. Hailing from Citigroup’s Fixed Income Technology division, Mr. De Castro will leverage his expertise in financial services to help organizations minimize the impact of cybercrime.

“Authenware is excited to have Andre as part of the team,” said Tom Helou, AuthenWare president. “As online transactions grow, hackers become a greater predator, attacking our credit cards as well as our individual identities. Andre’s strong financial background offers a unique set of skills to properly service today and tomorrow’s banking sector clients. We are proud to welcome Andre to AuthenWare.”

At AuthenWare, Mr. De Castro will be responsible for supporting sales initiatives and defining various metrics and processes. Further, Mr. De Castro will delineate the professional services strategy, sketching plans for consulting, customer support, and other elements of service. In addition, he will cultivate key partnerships with business leaders, analysts, associations and industry federations, in related disciplines.

Prior to joining AuthenWare, Mr. De Castro built and directed software development teams, managed the business process automation across global securitized markets, and acted as the point person across all commercial and residential mortgage backed securities hardware, storage and virtualization at Citigroup. His accomplished background also includes sales and software experience at BEA Systems and Plumtree Software.

About AuthenWare

Headquartered in Miami, AuthenWare is a leading innovator and producer of keystroke dynamics software. Its identity authentication product, AuthenWare, recognizes valid users by calculating the unique rhythm and beat with which the typist keys in data (i.e. their username and password) on their computer keyboard. AuthenWare evaluates this information along with behavioral and environmental characteristics to keep hackers out and let authorized personnel in. The company services customers that span across international borders and business sectors, effectively providing security to industries such as financial services, government, transportation and logistics, manufacturing, and retail.

For more information, please visit our website at

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Financial Institutions Group Global Head Ruth Porat to Keynote Wharton School Finance Conference 2009

Philadelphia, PA (PRWEB) November 11, 2009

Ruth Porat, Global Head, Financial Institutions Group, Morgan Stanley will join the tenth annual Wharton Finance Conference as a Keynote Speaker. The conference, organized by students of the Wharton School of the University of Pennsylvania, will be held at the Park Hyatt at Bellevue in Philadelphia on Nov. 20, 2009. Throughout the current financial crisis, Ms. Porat has been responsible for the Firm’s coverage of financial institutions and governments globally.

The Wharton Finance Conference, whose theme is “Looking Forward: Finance in a New Horizon.” will include panel discussions on such issues in Corporate Social Responsibility vs. Government Regulation, the Increased Competitiveness of Services Firms, International Opportunities, Infrastructure Finance, Financing Growth, Financial Innovation in the 21st Century: Sales & Trading Perspective, Careers in Finance: Recruiting in a Tough Economic Environment. Participants can look forward to a conglomeration of the best minds in business and meeting with intellectual and experienced experts.

Keynote speakers at the Wharton Finance Conference 2009 include:

— Ms. Ruth Porat Global Head, Financial Institutions Group, Morgan Stanley, Vice Chairman, Investment Banking Division

— Mr. Tony Ehinger, Managing Director of Credit Suisse,

Co-Head, Global Securities, Investment Banking Division

Other scheduled conference participants include:

— James R. Tanenbaum , Partner, Morrison & Foerster and Chair of the firms Global Capital Markets practice

— Andrew Ross Sorkin, Chief Mergers and Acquisitions Reporter and Columnist, The New York Times

— Rodolfo L. Molina, Managing Director, Head of Southern Latin America, UBS Investment Bank

— Rob Collins, Managing Director and Head of Infrastructure Banking for the Americas, Greenhill & Co.

— Vikram Pant, Managing Director, IDFC Project Equity

— Jonathan Turnbull, Head of Infrastructure Investment Banking, Citigroup

— Ed Rubin, Head of Cross Rate and Securitized Product Sales (Deutsche Bank)

— Devin O’Reilly, Principal, Bain Capital

The Wharton School of the University of Pennsylvania — founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The school has more than 4,700 undergraduate, MBA, executive MBA, and doctoral students; more than 10,000 annual participants in executive education programs; and an alumni network of more than 85,000 graduates.

Further information on the conference can be found at:

Members of the media are invited to attend, but pre-registration is required.

Wharton School of the University of Pennsylvania

Media inquiries:

Peter Winicov (Wharton Communications Office)

Telephone: 1-215-746-6471


General inquiries:

Haoying Sun (Finance Conference student team)

Telephone: 1-215-485-1831


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Client First Settlement Funding Hires Lisa Rae Donato as Chief Marketing Officer and Dan Fischer as Chief Financial Officer

Boca Raton, FL (Vocus) December 15, 2009

Client First Settlement Funding, a growing structured settlement funding company offering lump sum payments to structured settlements and annuities owners, has hired Lisa Rae Donato as chief marketing officer and Dan Fischer as chief financial officer.

“I’m looking forward to creating a dynamic marketing program for Client First,” Donato said. “I am already at work on building a new Client First website and creating a structured settlement guide for our clients. I am dedicated to getting into our clients hands the information they need to make the wisest financial decisions possible.”

Lisa Rae Donato has more than 20 years of experience in the field of marketing. She founded Internet Marketing Press, a marketing consulting company, and co-authored 26 eBooks on the subject of Internet marketing. Donato has created and managed marketing strategies for several domestic and international companies. With a background in graphic design, she has designed and implemented numerous print and online marketing campaigns.

“I’m glad to have joined Client First during this exciting time of growth. I believe this company is committed to helping each client find that brighter financial future and I intend to contribute all the expertise I have towards that,” Fischer said.

Fischer has more than 20 years of experience in the financial sector. During his 14-year tenure with ABN AMRO Bank, he helped create and manage the residential and commercial real estate capital markets divisions. Fischer has extensive experience in securitization and whole loan sales and structuring, completing more than 50 domestic and international public and private securitizations, totaling over 20 billion dollars in issuance.

About Client First Settlement Funding, LLC:

Located in Boca Raton, Florida, Client First Settlement Funding specializes in purchasing and selling structured settlements and annuities nationwide. Since Client First is a direct funder, it can get clients the most money for their structured settlement or annuity based on individual needs and circumstances.


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Calgarian and Financial Prodigy James Timothy White Becomes World’s Youngest CEO of A Frankfurt-Listed Company At 24

(PRWEB) January 13, 2010

Eurotex Finanz Inc. (KFE), a rapidly-growing worldwide innovator of financial products and services, has been accepted for listing on the Frankfurt Stock Exchange trading under ticker KFE and first day of trading will be January 5, 2010.

Eurotex is headed by one of the world’s youngest self made millionaires, Calgarian James Timothy White. At age 24, James now holds the honour of being the youngest CEO in the world of any company listed on the Frankfurt Stock Exchange, (replacing Jochen Zeitz, CEO of Puma at age 30). A modern working-class hero who made his first million by the age of 16, White says his budding empire’s rapid growth is based upon his goal of helping change the lives of working middle class men and women like his parents, through better investing.

“I see James as the smartest, wisest and most brilliant, young, value-creating entrepreneur on the planet. He is destined to create financial freedom for all.”

St. Louis Feds Bullard Addresses Containing Risk in the New Global Financial Landscape

New York, NY (Vocus) April 16, 2010

In remarks today to the 19th Annual Hyman P. Minsky Conference, St. Louis Fed President James Bullard assessed the state of the regulatory reform debate. In his presentation, Containing Risk in the New Global Financial Landscape, Bullard said, As the nations lender of last resort, the Fed will be at the center of managing any future financial crisis and this argues for the Fed playing the lead role in the new regulatory structure. A future Fed with an appropriately broad regulatory authority provides the U.S. with the best chance of avoiding a future crisis.

He also described how current regulatory reform proposals are not adequately addressing several key issues that could contribute to future financial crises. Only a few of the current financial reform proposals are likely to help prevent future crises, most are not, said Bullard. These issues include the susceptibility of non-bank financial firms to run-like phenomena; the existence of large financial firms worldwide that are too big to fail; the question of how any form of regulation could prevent an entire industry from adopting the same strategies, and addressing government-sponsored enterprises (GSEs).

Beyond Banking, Considering the Entire Financial Landscape

Bullard emphasized the critical need to consider the entire financial landscape rather than just the banking sector. The crisis encompassed a far larger segment than just commercial banking, Bullard said. Many non-bank financial firms, outside the banking sector, were at the heart of the crisis. These firms were not regulated by the Fed.

He added, As the crisis started in the fall of 2007, 20 firms accounted for about 80 percent of financial sector assets in the U.S. He noted that about one-third of this total was comprised of bank holding companies, with two-thirds comprised of non-bank financial entities such as the GSEs (Fannie Mae and Freddie Mac), investment banks, insurance companies, and thrifts.

The non-bank financials are a whos-who of the most nettlesome entities during the crisis, he added. All of these firms faced severe stress during the crisis, regardless of the type of firm or the nature of regulation, he said. This is generally true globally as well. All were taken in by the allure of securitized products in various ways.

Bullard questioned whether current regulatory reform proposals would help prevent a similar scenario from happening again. How can we prevent an entire industry from adopting the same strategy? he asked. I do not see this being addressed in current proposals.

The View from the Fed

Bullard explained that the U.S. has a primary regulator system for the nations more than 8,000 commercial banks and thrifts. The primary regulator has the key authority for the regulation of the bank, he said. Before the crisis (as of January 2007), the Fed had primary regulatory responsibility for about 12 percent of the banks, or about 14 percent by assets.

The remaining 85 percent of banks and assets had non-Fed primary regulators, he noted. Then, as the crisis unfolded, all eyes turned to the Fed as the lender of last resort. Due to its narrow regulatory authority, the Feds view of the financial landscape was limited coming into the crisis. This made it harder to perform its lender-of-last-resort role, Bullard said, And, this led to a lot of ad hoc decision-making.

A Wall Street-Only Fed?

Bullard called for a strengthened central bank and cautioned against some current regulatory reform proposals that seek to create a Wall Street-only Fed. The Fed should remain involved with community bank regulation so that it has a view of the entire financial landscape, he said. It is important that the Fed does not become biased toward the very large, mostly New York-based institutions.

Bullard explained that one critical role of regulation is to provide a level, competitive playing field for institutions of all sizes. Community banks tend to fund smaller businesses, an important source of job growth for the economy. Understanding this process helps the Fed make sound monetary policy decisions.

He added, Regulation works well for the thousands of community banks in the U.S. The system features deposit insurance plus prudential regulation. The system allows failurecapitalism at workbut prevents bank runs and the associated panic. Community banks did not cause the crisis and do not need to be re-regulated.

The central bank must be well-informed about the entire financial landscape in order to head off a future crisis. The reform response should be to provide the Fed with an appropriately broad regulatory authority, Bullard concluded.

Editors Note: The presentation can also be found at:


Top Business School to Offer Symposium on Financial Regulation and Risk Management

Chicago, IL (PRWEB) September 7, 2010

Ph.D. students in business and economics from leading U.S. universities will gather at the University of Chicago Booth School of Business ( September 9-12, 2010, for a conference intended to encourage more academic research on the causes and prevention of financial crises.

The Doctoral Symposium on Financial Regulation and Risk Management is sponsored by Deutsche Bank and features presentations and classroom discussions led by Chicago Booth finance faculty. Participants include Ph.D. students from Booth, Stanford, Princeton, Yale, Columbia and other leading business schools and university economics departments.

“There are many unanswered questions surrounding the recent financial crisis,” said Stacey Kole, deputy dean of Chicago Booth and organizer of the conference. “Our faculty is motivated to find the answers and to spark research from emerging researchers in finance,” said Kole, who also is a clinical professor of economics.

Hugo Banziger, chief risk officer and a member of the management board of Deutsche Bank, will speak at the conference in addition to seven Booth professors who specialize in banking and finance. Professor Raghuram Rajan will lead a session on illiquidity and interest rates, while Professor Douglas Diamond will discuss short-term debt and financial regulation.

Other Booth speakers at the event are Professor John Cochrane, who will present a skeptical appraisal of frictions in the financial crisis, Professor Anil Kashyap, who will discuss macroprudential regulation and Professor Christian Leuz, who will lead a session on economic consequences of securities regulation and enforcement. Professor Tobias Moskowitz will moderate a discussion of open research topics and Assistant Professor Amit Seru will present on securitization and the subprime crisis.

“The symposium is part of a multi-year academic partnership between Deutsche Bank and Chicago Booth,” said Malcolm D. Knight, Vice Chairman at Deutsche Bank. “The partnership is designed to support and expand education related to risk management and financial regulation.”

Conference sessions will take place at Chicago Booth’s Gleacher Center in downtown Chicago and at Harper Center on the school’s main campus. Deutsche Bank also sponsors a speaker series at Booth on risk and regulation in financial markets.

About Deutsche Bank

Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 81,929 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

About the University of Chicago Booth School of Business

The University of Chicago Booth School of Business is one of the leading business schools in the world. Chicago Booth’s faculty includes many renowned scholars and its graduates include many business leaders across the U.S. and worldwide. Booth offers a full-time M.B.A. program, an evening M.B.A. program, a weekend M.B.A. program and an executive M.B.A. program in Chicago, London and Singapore. The school also offers a Ph.D. program, open enrollment executive education, and custom corporate education.

Contact:Allan Friedman (773) 702-9232



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Securities Law Firm of Tramont Guerra Nunez, PA Comments on Recent Developments for Ambac Financial Group

Coral Gables, FL (Vocus) November 10, 2010

The Securities Law Firm of Tramont Guerra & Nunez, P.A. (TGN) comments on the Ambac Financial Group announcement of the Chapter 11 bankruptcy filing on November 9, 2010. Ambac Financial Group reported in its SEC Form 8-K filing on November 1, 2010, that it was unable to raise additional capital as an alternative to seeking bankruptcy protection.” The SEC filing further disclosed that the Company had total indebtedness on June 30, 2010 of $ 1,622 million and that a filing for bankruptcy protection would accelerate the maturity of all of the Companys indebtedness. Ambac Financial Groups primary subsidiary, Ambac Assurance Corp, issued insurance policies on bond offerings which guaranteed bondholders from loss from any default in interest and principal payments. The bond guarantees were initially issued for bonds in the municipal bond market. The growth in the securitization of the mortgage backed securities led Ambac Financial Group through its subsidiaries to issue guarantees on complex mortgage-related investment vehicles, including collateralized debt obligations (CDOs). During the housing market decline, mortgage defaults resulted in claims against the bond insurer. According to the SEC filings, a significant issue in the bankruptcy proceedings will be the Companys estimated $ 7.0 billion net operating loss (NOL) tax carry forward which represents a potential asset for any reorganization plan. TGN urges investors in Ambac Financial Group stock should consider what recourse is available to recover their investment losses in stock held in full-service brokerage accounts. The Financial Industry Regulatory Authority, (FINRA) is a self regulating organization with sales practice rules and regulations that govern the securities industrys conduct and safeguard the investing public. For investors who accumulated shares in Ambac Financial Group, the recent developments represent a significant loss in income and investment.

According to TGN, many investors in Ambac Financial Group stock represented a long term holding acquired through investment, inheritance or as an employee of the company. Full-service brokerage firms are obligated to give, and investors are entitled to rely upon, brokerage firms for competent, suitable investment advice concerning risk management strategies for concentrated stock positions. Brokerage firms are required to supervise the activities in brokerage accounts, losses may be attributed to the failure to adequately supervise the stockbroker and the brokerage account Recommendations of unsuitable investments and/or maintaining unprotected concentrated stock positions are both causes of action that may be available to investors against their full-service brokerage firm in an individual securities arbitration claim filed with FINRA.

The Securities Law Firm of Tramont Guerra & Nunez, PA, is a nationally recognized, Martindale Hubbell AV rated securities law firm. To request a confidential consultation from a TGN attorney to determine whether you have a viable individual securities arbitration claim for investment losses that exceed $ 250,000 from a full service brokerage account, contact us on our website. To speak directly with an attorney, call (800) 578-0137 and ask for Ben Fernandez, Esquire.

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Altos Research and 1010data Partner to Deliver Real-time Real Estate Data to the Financial Community

Orlando, FL (PRWEB) February 8, 2011

Altos Research, the premier provider of real-time real estate data, announced at the American Securitization Forum 2011 the availability of their market analytics data via the industry leading 1010data platform. Launched in 2006, Altos Research tracks the leading indicators for residential mortgage-backed securities (RMBS) default risk, loan-to-value (LTV) adjustments, and forecasting asset valuations on over 20,000 zip codes across the U.S., offering analytics and forward valuation models that are updated weekly with three, six, and 12-month forecasting horizons.

We monitor the real estate market in real-time and this lets us offer the most accurate market forecasting available, said Scott Sambucci, vice president of sales and analytics, Altos Research. By making our data available on the powerful 1010data platform, we will be able to reach more customers via their hosted service.

With decades of Wall Street experience, 1010data understands the data management and analytical needs of financial services institutions, and knows how to provide solutions that make it easy to manage and analyze large volumes of data for a business-critical advantage. The company combines the power of a high-performance back-end database with a Web-based, front-end user interface, empowering financial institutions with the tools they need to analyze, manage and present data. Optionally delivered as a service, the solution is implemented quickly so that companies experience high speed-to-value and very rapid ROI.

“The unique Altos Research data perfectly complements our list of hosted MBS datasets,” said Greg Munves, executive vice president, 1010data. “Access to real-time data is of growing importance to our customers, and allows them to do more timely analysis.”

Altos Research data is now available via the 1010data platform, for more information please visit 1010data.

ASF 2011

Altos is participating in the American Securitization Forum 2011 at the Orlando World Center Marriott February 6 9th. The company is providing demonstrations of the AltosEvaluate FVM at booth #108. To schedule a demonstration, please contact Scott Sambucci at 888.819.7775.

About Altos Research

Altos Research is the premier provider of real-time real estate information. As the only national source of primary research in the active housing market, Altos Research produces unique statistics, leading indicators, and web applications used for analysis. Altos watches the active housing market, about two million properties each week, in 20,000 zip codes, and calculates price changes, supply and demand statistics and market psychology statistics for local market understanding. Altos clients are anyone with exposure to real estate; financial institutions, investors, and thousands of real estate professionals around the country. For more information visit

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