Matt Bracy of Settlement Capital Corporation appears to have taken a swipe at Richard Halpern’s recent message in support of the Structured Settlement Clean Vendor Project. Before the structured settlement industry gallery stands up and cheers for Bracy’s "left jab" at someone they perceive as a competitor, take a step back and think.
Halpern Group offers an alternative structured settlement to annuities via a TIPS based United States Treasury Bond Trust, in additional other trust products using major banking institutions as trustees and using its patented Proportionally Reactive Investment Mechanism (PRIMS). Halpern makes it clear that he is not a factoring proponent.
Consider that if it suits the tort victim’s needs and money is placed into a trust (whether Halpern’s alternative or another alternative) there is built-in liquidity that essentially makes factoring unnecessary. Halpern successfully markets this as one strength as part of this alternative. Bracy’s swipe plays right into Halpern’s strength.
Rich Halpern’s support of the Structured Settlement Clean Vendor project is very much appreciated by this author and is a testimonial to the breadth of support for the project.
Leave a Reply