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RiverRock Finance
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At RiverRock we see ourselves as trusted advisors, applying our knowledge, creativity, objectivity and experience to meet the needs of our clients. Our groundbreaking products for the financial services industry open up new opportunities for investors, consumers and the financial professionals who serve them.
We are founded on over 50 years’ combined experience in investment management, investment banking, and insurance product management. RiverRock has built a reputation for integrity, accessibility and stability. Our priority is always providing investors with consistent, long-term performance.
ABOUT US
A letter from the President
Welcome to RiverRock Finance. I hope you'll find our website a useful resource to learn about our company.
With over 50 years’ of combined investment experience, we have built a reputation for integrity, accessibility and stability. Our priority is always providing investors with consistent, long-term performance.
Regardless of market conditions, we follow an investment philosophy that is built on lasting principles: investment excellence, consistency, expertise, teamwork and balance. Our dedicated investment professionals are experts in their fields and part of a collaborative team focused on maximizing client value.
We are committed to investment excellence and we take our fiduciary responsibility very seriously.
Thank you for your interest in RiverRock Finance.
Sincerely,
James T. Hickey
PRODUCTS
Investment Opportunities
RiverRock Finance offers an innovative way to improve and solidify client portfolios without the risks associated with traditional investments, such as stocks, through our structured finance products based upon insurance.
Unlike other potential investments, our structured finance products offer a high returns typically associated with stocks without the risks correlated with the equity market. It isn’t affected by global markets, stock market downturns or changing interest rates. Like a CD or bond, upon maturity our structured finance products provide a fixed cash amount. Moreover, our products are based upon insurance from the premier AA and AAA credit worthy insurance companies.
RiverRock Finance offers options to maximize asset value, including portfolio management, standard implementation processes to seamlessly integrate with external parties and a menu of products and services to allow clients to choose the solution that fits their needs. We draw on our institutional operational experience to create a tightly managed process compliant with the strict guidelines of institutional clients and government regulations.
Our solid understanding and expertise of the life settlement market ensures optimal portfolio performance with a trusted advisor. We work with clients on a case-by-case basis to understand their goals and provide solutions tailored to each client’s needs.
Life Settlement
RiverRock Finance’s structured finance product currently includes life settlement, an investment option without the risks associated with traditional investments, such as stocks, based upon insurance from the premier AA and AAA credit worthy insurance companies.
Life settlement involves the purchase of existing life insurance policies from individuals no longer interested in maintaining such policies before the policies mature. People already sell their unwanted or unneeded policies back to insurance companies when they surrender them or allow them to lapse; however, they only receive a mere fraction – typically three to five percent – of the policy’s face value.
Life insurance is recognized by law as an “assignable,” or transferable, asset. Like other consumer products, such as houses and cars, it can be purchased, owned and sold on the open market.
There are many reasons why policy holders might want to sell their policies, including premiums that are no longer affordable; no longer a need for the policy; interest in acquiring immediate funds from the policy; or reduction in tax liability.
Life settlement creates an opportunity for policy owners to receive fair market value for their policies while purchasers – our clients -- receive a high-yielding, tax-free asset by assuming the premium payments on the life insurance policy.
Policy owners receive, on average, three times the cash surrender value for the sale of their policy. In 2004 alone, life settlements provided seniors with $1 billion in purchasing power – $660 million in excess of cash surrender value, according to the Life Insurance Settlement Association (LISA).
The typical policies purchased by RiverRock Finance have a face value of $500,000 to $10 million. RiverRock Finance purchases these policies from wholesalers and resells to individual and institutional investors. Often, we will work through an agent of the customer to sell the policies.
Polices are purchased at prices discounted from the face amount of the policies but usually in excess of the premiums paid or current cash surrender value and provides the sellers immediate cash settlements. The typical seller is over 65 with four to eight years left in life expectancy.
Once the policy holder’s life insurance policy is sold, the original policy holder has no further involvement or association with the policy.
RiverRock Finance has the highest standard of due diligence and compliance with our life settlement products. We conduct transactions efficiently and in compliance with applicable laws and regulations and offer complete disclosure of procedures, fees, commissions and expenses in connection with the sales of life settlements. Our life settlement products are supported by solid institutional funding sources.
CONTACT US
Thank you for visiting the RiverRock Finance website. For more information please contact us at:
RiverRock Finance
12 Greenway Plaza
Suite 1100
Houston, Texas 77046
713.940.0681
info@riverrocktrust.com
