July 24, 2017 1:22 AM ET

Diversified Financial Services

Company Overview of GWG Holdings, Inc.

Company Overview

GWG Holdings, Inc., a financial services company, purchases life insurance policies in the secondary market in the United States. It purchases or finances life insurance assets from consumers in the secondary market at a discount to the face value of the policy benefit. The company purchases policies in the secondary market through financial advisors and life insurance agents, as well as through its appointed agent program. It also purchases life insurance assets directly from policy owners who purchased their life insurance in the primary market; and provides secured loans to merchant cash advance funders, as well as provides merchant cash advances directly to small businesses. GWG Holdings...

220 South Sixth Street

Suite 1200

Minneapolis, MN 55402

United States

Founded in 2006

70 Employees

Phone:

612-746-1944

Key Executives for GWG Holdings, Inc.

Co-Founder, Chairman & CEO
Age: 50
Total Annual Compensation: $878.2K
CFO & Executive VP
Age: 52
Total Annual Compensation: $391.3K
Executive VP of Originations & Servicing, Secretary and Director
Age: 49
Total Annual Compensation: $341.7K
Compensation as of Fiscal Year 2016.

GWG Holdings, Inc. Key Developments

GWG Holdings, Inc. Appoints William Acheson as Chief Financial Officer and Executive Vice President

On June 28, 2017, GWG Holdings, Inc. entered into a new employment agreement with William Acheson to serve as the company’s Chief Financial Officer and Executive Vice President. The agreement has a three-year term that includes successive one-year renewal terms unless either party provides notice of non-renewal at least 60 days prior to the expiration of the then-current term.

GWG Holdings Inc. Appoints Tom Nodine as Executive Vice President to Lead its Insurtech Division

GWG Holdings Inc. has appointed Tom Nodine as executive vice president to lead its insurtech division. Nodine will lead the development and commercialization of its M-Panel technology, the application of epigenetic science to underwriting techniques for the global life insurance industry. Nodine has consulted with GWG Life since October 2016. He previously served as senior vice president for technology strategy and innovation for Allstate Insurance and led insurance strategy practices for KPMG and Booz & Co.

GWG Holdings, Inc. Presents at National Investment Banking Association's 141st Investment Conference, Jun-26-2017

GWG Holdings, Inc. Presents at National Investment Banking Association's 141st Investment Conference, Jun-26-2017 . Venue: Westin Grand Central Hotel, 212 East 42nd Street, New York, NY 10017, New York, United States.

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