Monthly Archives: August 2013

The role of your Independent Professional Advisor

What is the role of your Independent Professional Advisor?

If you are selling your structured settlement then you have probably heard the phrase and maybe even told you do not need one by the funding company. Truth is even if you have everything perfect the judges in California( atleast) will continue your case to give you tie to get a IPA. You have all your back up documents and the deal is set and you have gotten the purchaser to come up due to another offer, so why do you still need an independent professional advisor?  Well the judge is tasked with among other things in assuring your best interest, and part of that is having an outside professional review the case. In fact many times if the payee has an IPA the judge wil defer all questions to the Independent Professional advisor. So lets look at the role of the IPA: 1. to review your purchase agreement and insure you understand it. 2. make sure that you have your own best interest in mind. 3. to compare and get competing offers to ensure you are getting the best possible deal. 4. go back t the funding company and negotiate based on comparable offers to get you more money while preserving the court date. 5. explain  to the payee comparable offers and risks of moving forward should funding company not increase to current market rates. 6. draft letter of independent professional advice for the court. 7. appear in court and speak on behalf of the payee.   these are just some of the basic roles of an IPA, and with each and every case being unique and different so are the roles an IPA will assume. Bottom line is the independent professional advisor is there to help the payee get what they want. Most states make mention of an Independent professional advisor, some require n IPA, and some states require the purchaser to pay. In California the structured settlement protection act which is a consumer protection act is set up where the fees are set by the courts and paid by the purchaser. In a sense it is like getting an attorney for free for the payee. Some sales people at the funding companies think you don’t need an IPA, which i could never fully understand, well unless it is because that comes out of their commission hahahha. But what people do not understand is a true independent professional advisor will already know what the judges in each court will require, since thy are in front of these same judges on a regular basis. I know for a fact that we have a database of requirements for various court house in regards to structured settlement transfers. But that is something we have personally built over the past 15- 20 years. in closing think of it as if you were buying a used car off of craigslist, you have some tool and know you way around an engine, and the guy selling you the car saying you don’t need a mechanic you have a socket wrench.

AFG - Independent Professional Advisor

Independent Professional Advisor



Category : IPA

 Independent Professional Advice

Andres Financial Group recognized as a leader in the structured settlement transfer, secondary market annuity  industry. Providing Independent Professional Advice to sellers and buyers in future payment stream sales. With a unique set of skills matched by no others, and a network of Attorneys and professionals and having thousands of transfers as experience.

Positioned in a unique manor to allow for the maximum benefit for our clients. The Andres Financial Group’s courteous staff provides for a simple straight ahead  approach to cutting through the papers and number to provide advice that can be easily digested.

AFG - Independent Professional Adviors

AFG – Independent Professional Adviors

Independent Professional Advice, almost like having a personal translator. Legalese and financial terms are not standardized English that is taught in school. So having Independent Professional Advice just for translating the financial legal jargon.

You would not perform major surgery on yourself, so why would you go into a financial transaction by yourself?

Andres Financial Group Provides independent Professional Advice along with free consultations. Its as simple as faxing some documents letting us take a look and then deciding if what we tell you we can do in your case make sense for you to hire us or not.

Even if you are a Die Hard D-I-Y type you should read a few of our blogs to help bring you up to seed on the industry. Either here at we have hundreds of articles on the transfer of structured settlements as independent professional advisor, as the transfer attorney, or the factoring company underwriting perspectives.

Checking into the structured settlement protection acts in your particular state is a great place to start when considering selling your structured settlement. Comparing offers is probably the next step before actually signing any documents.