Source: Altium Group LLC
New York, NY, August 25, 2012 --(PR.com)-- Altium Group, LLC a Structured Settlement and Lottery Funding Company, announces the expansion of its Finance and Transaction Division into New York City. According to Altium Group?s founder and CEO, William Coluccio ?Altium Group?s business model is highly personalized, and since the demand from the New York financial community for our high yield cash flow product is significant, we simply needed a geographical presence in this market. Our Manhattan operation gives us this foot print.?
Through its wholly owned subsidiary, Altium Group utilizes proprietary systems and methodologies to identify winning plaintiffs in personal injury law suits who wish to sell all, or a part, of their structured settlement cash award (paid by insurance carriers); or winners of State lottery periodic payments that wish to ?cash out? early. Altium Group then manages and executes the arrangement of the financing of the purchase of such cash flow through institutional and/or individual investors. All purchase transactions are reviewed, and must be approved, by a Judge in the State or Local Court where the seller resides. Once approved, the investor is then granted a Court Ordered, non-revocable, direct assignment and transfer of the periodic cash payments.
The annual yield on such transactions is in the range of 4 to 5 times greater than those of comparable credit quality instruments.
Payers of the cash flows include AM Best A to A++ Insurance Carriers, and State Lottery Commissions.
Investors of an Altium Group structured settlement or State lottery payment include high net worth individuals, family offices, hedge funds, institutions, and pensions.
For more information go to www.altiumgroup.com or call Communications Director at 212 922 0755.
Contact Information:
Altium Group LLC
William Coluccio
732 772 0755
Contact via Email
altiumgroup.com
Click here to read the full story: Altium Group LLC, New York City Operation
Press Release Distributed by PR.com
Source: http://www.businessreviewusa.com/press_releases/altium-group-llc-new-york-city-operation
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