Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
recent posts
- Daily Rates Are Often an Important Cost Driver of Structured Settlements
- 🔥Founder and Former CEO of 777 Partners, Joshua Wander, Pleads Guilty⚖️ to $500 Million Fraud Scheme — DOJ Confirms Double‑Pledging, Misappropriation of Structured‑Settlement Funds, and Falsified Bank Statements
- The Steering Problem Needs a Wake‑Up Call
- Companies Still Using the Incorrect Term “Secondary Market Annuity”
- Canonical: Non‑Qualified Assignment (NQA)
about
Category: SMA Hub
SMA Hub catergory features blogs and commentary concerning SMA Hub, a company that promoted structured settlement receivable using the in accurate term “secondary market annuity”
SMA Hub, Inc. was a wholesale distributor of structured settlement receivables which it promoted using the bogus label “Secondary Market Annuities (SMAs) and based in Lake Oswego, Oregon accoridng to its LinkedIn. It was founded in 2013 by veterans of the SMA industry, including Jonathan Walker, who served as President and CEO.
SMA Hub, through a related company chopped up and sold pieces of esoteric cash flows such a payment streams from ex-football QB Michael Vick and later, what was bogusly marketed to investors as an “NBA annuity”when it was not. It is this reckless activity that led to its demise.
SMA Hub in New Lawsuit Over Reassigned Unum Receivable | Financial Elder Abuse of 80+ year old – Structured Settlements 4Real®Blog
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Several websites continue to misuse the term “secondary market annuity” in their marketing and SEO content. Key offenders include AnnuityExpertAdvice, Annuity.org, MJ Settlements, SMA Hub, and Somerset Wealth Strategies. This term is misleading as it does not conform to any state’s annuity statutes, as structured settlement payment rights or receivables, are not annuity contracts.
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The kaput Lake Oswego, OR company required a level of paperwork that looked like they were being appointed with an insurance company or insurance brokerage. If a receivable isn’t an annuity or insurance product, why all the SMA Hub hoopla to make it look like it was?
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Trenton Douglass, a former employee of SMA Hub sent emails to an investor in 2019 pitching a purported investment in NBA star Paul Millsap’s agent Brendan DeAngelo Simmon’s purported agent’s fee as a “premium” and as a “low risk NBA deal”. It was a disaster.
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Have you been solicited to invest in receivables alleged to be guaranteed by professional baseball, football, basketball or soccer players, their teams or leagues? Has the investment performed the way you were sold by promoters of the alleged factored sports contract investment or have you lost money?
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How Is having a company, or a member associated with a company, whose acronym represents a scam label for factored structured settlement payment rights consistent with mission of the Society of the Settlement Planners?
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The SMA Hub purchase order referred to the NBA as an insurance carrier. It is not. One wonders what it said on the Michael Vick purchase orders sent to investors, cash flows that too became troubled. Why are no investment regulators onto this SMA Hub nonsense?
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It wasn’t an annuity, it was an assignment of rights to certain agent’s fees due to the sports agent for NBA player Paul Millsap of the Brooklyn Nets, flowing through a chain of transactions, being held out as as an annuity, of questionable suitability for a disabled man with brain damage.
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Its recent website edit stating “the payment stream is an existing, fixed receivable or derivative, SMA Hub has a taken a step forward which underscores that “secondary market annuities” ARE NOT annuities