For more than a decade, we have been building a solid reputation for serving service contract administrators at insurance companies. We are fully focused and committed to this specialized niche, in contrast to a financial planning generalist who may just handle one or two reinsurance accounts by circumstance.
By applying our extensive experience and thoroughly managing the many duties and details from investment policies to trust agreements, we take pride in enhancing the administrative efficiency of our clients.
We take an in-depth look at your investment strategy and policy, giving special consideration to your investment guidelines, goals and regulatory restrictions – then make recommendations designed to enhance your risk-return equation.
We look closely at the details of your trust agreements, including the structures, as well as trustee and custodian roles and responsibilities, with the end goal of enhancing cost efficiencies.
As our client, our goal is to always make your job easier. To this end, we handle all operational details from paperwork to online access and reporting.
A service contract administrator at a large insurance company was referred to us by a reinsurance agent who liked our service, our client communication protocol, our customized reporting and competitive pricing structure. She wanted to know if we could help her.
What we would do:
We would begin by conducting a detailed and thorough analysis of her current situation, looking closely at her investment guidelines, goals for growing assets, investment policy and state statutes that impacted her. We would then recommend an investment strategy designed to maximize potential long-term returns, and look at how trust agreements were structured, along with the roles and responsibilities of each trustee and custodian. We would help negotiate more favorable fee schedules with trustees, using our sizeable assets under management as a negotiation tool.
Once approved, we would introduce her operations team to ours to arrange for the opening of accounts. We would handle all paperwork, meet with the bank to set up the trust agreement, gather all the necessary signatures electronically, set up online access and custom reporting, explain the investment restrictions, provide all contact information and then report back to the administrator with the wire instructions, account information and online access procedure.
This investment profile is hypothetical and not indicative of any specific situations or clients. It is presented only as an example and not intended as investment advice. Please note, changes in tax laws or regulations may occur at any time and could substantially impact your situation. Raymond James financial advisors do not render advice on tax or legal matters. You should discuss any tax or legal matters with the appropriate professional.