Minneapolis, Sept. 19, 2017 (GLOBE NEWSWIRE) -- MINNEAPOLIS, Sept. 19, 2017 -- GWG Holdings, Inc. (Nasdaq:GWGH), the parent company of GWG Life, a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services, announced it has hired financial services industry veteran Steven Reed as West Region Vice President.
Reed, who has more than 30 years of sales success across multiple product disciplines in the financial services sector, will support advisors in the West territory covering Alaska, California, Hawaii, Idaho, Montana, Northern Nevada, Oregon, Washington and Wyoming.
Reed has held sales leadership positions at financial services firms across the U.S, most notably at Scudder Investments, Dividend Capital and Northstar Realty Finance. At Scudder, he rose to become the West Director of Sales for all products, and he helped Scudder’s Insurance Products Division become number one in net sales with its "Destinations" product. Most recently, he has focused his sales leadership on alternative investments including REITs and Reg D private placements.
He currently resides in San Diego and will partner with Regional Sales Associate Tyler Ingram to bring the resources of GWG Holdings to the company’s clients. He holds FINRA licenses 7, 24, 53, 63 and 65 and is a registered representative of Emerson Equity, LLC, member FINRA/SIPC.
About GWG Holdings, Inc.
GWG Holdings, Inc. (Nasdaq: GWGH) the parent company of GWG Life, is a financial services company committed to transforming the life insurance industry through disruptive and innovative products and services. The company has developed a new suite of options for the life insurance secondary market called LifeCare Xchange (LCX). This new capability provides seniors with the exchange value of their life insurance policies they can apply to long-term care and other post-retirement needs. GWG Life seeks to further transform the industry by applying proprietary M-Panel epigenetic technology to disrupt traditional life insurance underwriting practices. Since 2006 GWG Life has provided seniors over $436 million in exchange value for their life insurance and, as of June 30, 2017, owned a portfolio of over $1.53 billion in face value of policy benefits.
For more information about GWG Holdings, email info@gwglife.com or visit www.gwgh.com.
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Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/e5626ae0-b6a2-4c9d-978b-e394b1869aa6