Advanced Captive Insurance Strategies for Successful Business Owners

Track: Breakout

Session Number: 120
Date: Mon, Jan 28th, 2019
Time: 2:15 PM - 3:00 PM
Room: Texas Ballroom E


In today’s hyper-competitive world, business owners are looking for every advantage they can get when it comes to reducing risks, insurance costs and mitigating taxes. Wes Sierk discusses some of the advanced captive insurance strategies being used successfully after tax reform. This session will show you exactly how to turn existing insurance premiums – medical insurance, workers compensation and other existing coverage into revenue for you, insurance premiums, increased fees and assets under management.

Session takeaways:
• Learn what a captive insurance company is and how they work
• Get tips to quickly identify an ideal prospect
• Hear real-life examples illustrating how the captive was used and the income earned by the planner involved

Session Type: Breakout Sessions

Target Market: Apply to all
Categories: Tax & Regulatory, Executive Benefits
Session Type: Breakout Sessions

Target Market: Apply to all
Categories: Tax & Regulatory, Executive Benefits


Speaker 1
R. Wesley Sierk, III, ACI, ARM, ChFC
Risk Management Advisors

Wesley Sierk is the President and Co-Founder of Risk Management Advisors. A national recognized expert in the field of captive insurance company design, implementation, risk transfer and captive insurance company management. He also oversees Risk Management Advisors’ executive compensation, employee and corporate benefit planning division. Wesley has over 20 years helping highly profitable, closely held businesses limit their risk exposure and taxes through captive insurance company planning, qualified plan structures, onshore and off-shore entities, and trust arrangements. He works with client’s advisors (CPAs, Attorneys, and Financial Advisors) to insure proper due diligence and implementation of all plan designs and needs. Because of his extensive tax background, he ensures compliance with all of the existing revenue rulings and regulations. He is the author of Taken Captive: The Secret to Capturing Your Piece of America’s Multi – Billion Dollar Insurance Industry and You Can Make It, But Can You Keep It? a book to teach the wealthy how to hold on to much of their hard earned assets. Mr. Sierk is a frequent speaker to insurance industry associations as well as legal and accounting associations on how ordinary businesses can escape the hard/soft market of insurance by creating their own closely-held insurance companies. A partial list of the many publications that have interviewed Mr. Sierk for his insight on insurance issues including Business Insurance, The National Underwriter, The Los Angeles Times, Practical Tax Strategies Magazine, and California Broker.