BRYN MAWR, Pa., June 30, 2006 (PRIMEZONE) -- J.G. Wentworth, a specialty finance company, today announced the partnership with its 100th Independent Marketing Organization (IMO). As a result of a long-term effort, J.G. Wentworth has developed strategic partnerships with 100 IMOs in order to educate consumers, financial advisors, brokers and agents on the secondary market for annuities. J.G. Wentworth is establishing distribution channels through IMOs in order to provide product information for investment professionals who advise clients on annuities.
"Investment advisors have clearly been expressing their interest in learning about the secondary market so that they can offer their clients immediate liquidity," said Michael Vaughan, Managing Director of the J.G. Wentworth Annuity Purchase Program. "We want to ensure that if a consumer has questions on the secondary market, that their advisors can provide them with the information to make an educated decision on their investments."
"There is overwhelming need by clients for flexibility and the secondary market for annuities can offer that flexibility," said Michael Giffin, Financial Planner and President of Ensphere Marketing Group, a marketing and consulting company. "As Baby Boomers will be retiring in the next couple of years, we believe there may be a growth aspect in the secondary market as they consider their financial plans for retirement."
About J.G. Wentworth
For more than 14 years, J.G. Wentworth has been purchasing annuities as well as other deferred payment streams. During this time, the company has purchased over $2 billion of future payment obligations. The company's annuity-backed notes are rated AAA by Standard & Poor's and Aaa by Moody's and sold to institutional investors. J.G. Wentworth is based in Bryn Mawr, PA. For more information about J.G. Wentworth, go to www.jgwfunding.com.