Client First Settlement Funding

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Client First Settlement Funding
Finance
Founded 2008
Headquarters Boca Raton, Florida
Key people
Burt Kroner, CEO/President
Services Buys structured settlement payments/fixed annuities/lottery winnings
Website clientfirstfunding.com

Client First Settlement Funding is a financial services company that buys and sells structured settlement payments and lottery winnings. The company provides clients with a lump sum of cash in exchange for their monthly, quarterly or annual payments. Headquartered in Boca Raton, Florida, the company is privately owned and was formed in 2008.[1]

History[edit]

Client First Settlement Funding was founded by Burt Kroner. Kroner was a principal in Singer Asset Finance Company in West Palm Beach, Florida, a company that purchased structured payments from lottery winners and resold these payments to investors. Buyers included leading institutions such as John Hancock Mutual Life Insurance Co., Boston; SunAmerica, Los Angeles and Great-West Life & Annuity Insurance Co., Englewood, Colo.[2]

Expansion[edit]

In September 2011, Client First Settlement Funding received approval for a $270,000 Qualified Target Industry Tax Refund which includes a $54,000 local match from the city of Boca Raton to add 90 new jobs over the next three years. The jobs are to have average salaries of $50,000.[3] Client First has approximately 130 employees. It also signed a lease to double the size of its headquarters at 301 Yamato Road from 25,000 square feet to 50,000 square feet.[4] The company plans to occupy the additional space at Stonegate Bank Plaza in February 2012.[5]

References[edit]

  1. ^ Diversified Financial Services, Client First Settlement Funding LLC, Bloomberg Businessweek
  2. ^ O’Connell, Vanessa, “Quick Riches: How Major Players Turn Lottery Jackpots into a Guaranteed Bet”. The Wall Street Journal, September 23, 1997. Retrieved 2011-11-28.
  3. ^ BDB: 140 jobs to come to Palm Beach County, South Florida Business Journal, September 27, 2011
  4. ^ Jeff Ostrowski, Two Companies to add 140 jobs in Palm Beach County, The Palm Beach Post, September 27, 2011.
  5. ^ Nowak, Cindy, Client First Settlement Funding Leases 49,720 SF in Boca Raton, CoStar Realty Information, October 6, 2011.

External links[edit]