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Exploring Fiduciary Responsibility: LISA Leaders Advocate for Life Settlements in Press
According to the SEC's Fiduciary Interpretation, “An investment adviser must, at all times, serve the best interest of its client and not subordinate its client's interest to its own.” That makes overlooking a valuable opportunity like a life settlement more than just a missed chance—it's a potential compliance concern. -- Insurance News Net, July 1, 2025
Insurance News Net recently interviewed LISA Executive Director Bryan Nicholson and Board member Brian Casey, a partner at Troutman Pepper specializing in insurance transactional and regulatory law, to discuss fiduciary responsibility and life settlements. This article serves as a valuable educational resource for financial planners and advisors, and emphasizes their obligation to understand and present life settlements as a viable option for clients. With contributions from Nicholson and Casey, the piece highlights that life insurance is an asset, and life settlements provide a safe, regulated, and potentially rewarding strategy to help clients realize its value.
>> Click here to read the article
>> Click here to read the article