Two leading life settlement companies, Q Capital Strategies, LLC (Q Capital) and Life Settlement Solutions, Inc. (LSS), are delighted to announce that an understanding has been reached to form an alliance that will provide enhanced resources to better serve each company’s current and future clients. The companies will continue to operate from their current locations (New York City, Boca Raton, Florida and San Diego), offering life settlement origination services (licensed providers), servicing, asset management, and advisory and consulting services.
Steven Shapiro, President and CEO of Q Capital, stated “We are excited about our new relationship with LSS and welcome the chance to work alongside the LSS team. Q Capital is working on an initiative to launch a new product line and expand its current product offerings. Having access to the LSS bank of knowledge and experience in life settlements and related financial services promises a synergy that will produce new opportunities, advantages and efficiencies of significant value to both companies and their customers. We believe that by combining our resources, we can provide better products and services to our current clients and help attract new capital sources to the asset class.”
The team at LSS looks forward to the new alliance with Q Capital with equal excitement. “I couldn’t be happier about the future prospects for both companies,” said Larry Simon, founder of LSS. The strategic plan we have developed will place both companies under common ownership. LSS operations will continue to be led by Vice President, Ron Lofgren. Karen Canoff will serve as general counsel and chief compliance officer for both companies. Both Ron and Karen have been with LSS since it first began operations and have a wealth of knowledge and experience in the life settlement business. I have complete confidence in their ability to move the company forward through this transition and know that LSS clients and business associates will be in good hands.”