NEW YORK--(BUSINESS WIRE)--Golconda Partners, LLC today announced the launch of its new company, an independent insurance brokerage firm that will provide expert advice, implementation, and ongoing service for ultra-affluent families who are seeking to effectively navigate the sophisticated and financially powerful applications of life insurance and annuity investment accounts.
Golconda Partners will focus on two value-creating activities:
- Providing liquidity for estates through the acquisition of diversified portfolios of Traditional Life Insurance, and
- Shielding investment allocations from income tax through the acquisition of Private Placement Life Insurance (PPLI) and Private Placement Annuity (PPA) Investment Accounts.
“I am proud of the team of professionals that has come together over the past 12 months to create Golconda Partners and build out its state-of-the-art technology platform and infrastructure,” said Michael Liebeskind, Principal at Golconda. “We will remain true to the core values that have guided my entire career, and we will draw on over 30 years of life insurance industry technical expertise and operating company excellence for a single purpose, which is to serve the best interests of our clients and their professional advisors.”
About Golconda Partners, LLC
As indicated by the name of the firm, our core business purpose is to enable clients to optimize and protect their family’s economic golcondas (which are the ability to grow wealth and/or the wealth itself). In doing so, the members of the Golconda Partners team will earn the opportunity to intersect our lives with interesting people, continue to grow our skills and experience, and enjoy the work we are doing.