BNET Industries
Market Cap:$212.1M
Last Fiscal Year Sales:$103.6M
- Public
- US
Dow Jones Description
Life Partners, Inc. (LPI) introduced the concept of a secondary market for life insurance in 1997. Now the concept has become widely accepted and LPI is proud to be known as the Architect of Life Settlements. Life Partners Holdings, Inc. (LPHI) is the only publicly traded company involved, through its primary operating subsidiary LPI, exclusively in the secondary market for life insurance. As a financial services company, LPI earns fees from providing life settlement purchasing agent services to both individual and institutional clients. LPI also acts as a fund advisor to funds purchasing life settlement policies and buys policies for its own investment. In order to meet market demand and maximize value to clients in this growing industry, LPI has made significant investment in proprietary software and processes that enable it to facilitate a higher volume of transactions while maintaining quality control. Since its inception, LPI has facilitated over 50,000 transactions associated with the purchase of over 5,600 policies. We believe that LPI's experience, infrastructure, and intellectual capital give it a unique market position and will enable it maintain sustainable growth within the life settlement market.
General Counsel, Secretary, President, DirectorR. Scott Peden
Number of Employees 56
Peer Companies
NAICS Code Miscellaneous Intermediation: 523910
Recent Events
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Stockguru.com: Life Partners Holdings Inc is in the StockGuru Spotlight for June 24, 2009
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Life Partners Reports Record Earnings
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Life Partners Holdings, Inc. CEO To Ring NASDAQ Stock Market Opening Bell
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Life Partners Holdings LPHI Declares Special Cash Dividend of $0.25, Yielding 3.4%
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Life Partners to Post Record Year Earnings
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LPHI Increases Quarterly Cash Dividend
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Zacks #1 Rank Top Performers: AeroVironment, MasTec, Life Partners Holdings, Odyssey HealthCare...
News & Analysis
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life partners holdings inc. - All News and Analysis
How to Invest in the Coming Demographic Shift
I believe that given a large enough sample size, the past is the best indicator of the future. From credit expansion and collapse to global terrorism, the human race has experienced almost everything in some form. However, there is a new and unprecedented phenomenon. The world is...
Challenge to Life Partners' Auditor: Address Red Flags
Shareholder Watchdog submits: In February 2009 Citron Research and Jim Cramer provided a critical assessment of Life Partners’ LPHI business and management. The Citron report focused on LPHI's "egregious fees", the unlikely sustainability of those fees, the CEO’s past accounting indiscretions, and LPHI's tiny auditor and equally-small audit fees. A...
LPHI: This Life Partner May Not Be Good for You
stock ticker: LPHI ...
A Preview of Life Partners' Earnings
Trader Mark submits: Yahoo Finance shows Life Partners Holdings LPHI to announce earnings Tuesday, but a reader gave me a heads up that a SEC filing hit Friday, so we already have the news despite the lack of a press release. The company already pre-announced to the upside in December...
Life Partners Survives a Dangerous Market
Trader Mark submits: Life Partners Holdings LPHI is only followed by one analyst so this "pre-announcement" is versus a sole opinion. That said, more important than beating any analyst's guess are the growth metrics which seem to be completely sheltered from the economic storm. This is exactly the type of...
Life Partners Holdings, Inc. Announces NASDAQ Symbol Change; IGE, Inc. 20 for 1 Reverse Split Now Effective
Business Editors WACO, Texas--BUSINESS WIRE--Feb. 8, 2000 Life Partners Holdings, Inc. (formerly IGE, Inc.) (Nasdaq:IGEE) announced the change of its NASDAQ symbol from &uot;IGEE&uot; to &uot;LPHI&uot; effective at market opening on February 9, 2000. All outstanding IGEE shares must be redeemed for LPHI shares at a rate of...
Additional Resources
Life Partners Predicts Record Earnings
WACO, Texas -- Life Partners Holdings, Inc. (NasdaqGS: LPHI), parent company of Life Partners, Inc., predicted another quarter of record earnings as it announced its preliminary financial results...
Life Partners Predicts Strong First Quarter
WACO, Texas -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., a leader in the secondary life insurance market known as âlife settlements,â...
Life Partners Holdings, Inc. to Host Conference Call
WACO, Texas -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., a leader in the secondary life insurance market known as âlife settlements,â...
Life Partners Reports Record Earnings
WACO, Texas -- Life Partners Holdings, Inc. (Nasdaq GS: LPHI), parent company of Life Partners, Inc., today reported net earnings of $27.2 million or $1.83 per split-adjusted share...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| R. Scott Peden | General Counsel, Secretary, President, Director |
| David M. Martin | CFO |
| Mark Embry | Chief Operating Officer, Chief Information Officer |
| Deborah Carr | Vice President of Administration |
| Kurt D. Carr | Vice President of Policy Administration |
| Harold E Rafuse | Co-Founder and Managing Director of Advanced Concepts and Technologies International |
| Tad Ballantyne | Officer and Director |
| Fred Dewald | Successful Builder and Property Developer In the Waco, Mclennan County |
| R. Scott Peden | General Counsel & Secretary |
| Organization | Position | Status |
|---|---|---|
| Life Partners, Inc. | President | Current |
| Life Partners Holdings, Inc. | General Counsel, Secretary, President, Director | Current |
| Life Partners Holdings, Inc. | Board of Directors | Current |
| Life Partners, Inc. | Vice President | Former |
| Life Partners Holdings, Inc. | Vice President | Former |
| Life Partners Holdings, Inc. | General Counsel | Former |
| Life Partners, Inc. | General Counsel | Former |
| Trinity University | Bachelor of Arts Degree | Former |
David M. Martin, age 50, was hired in February 2008 as the new Chief Financial Officer. Mr. Martin, a certified public accountant with 28 years of experience, has worked in public accounting, oil service, distribution, printing and manufacturing. Mr. Martin previously served as the Chief Financial Officer of Packless Industries from 2002 to 2008. His prior experience includes service as Chief Financial Officer of Time Manufacturing Company and Stevens Publishing Corporation, both privately held, Texas-based companies. He was Controller of the publicly held Vallen Corporation in Houston, Texas, from 1988 to 1995. Mr. Martin's prior experience includes public accounting. Mr. Martin holds a Bachelor's Degree in Accountancy from the University of Illinois.
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | CFO | Current |
| Packless Metal Hose Inc. | Controller | Current |
| Packless Metal Hose Inc. | Chief Financial Officer | Former |
| Vallen Inc. | Controller | Former |
| University of Illinois | Bachelor's Degree In Accountancy | Former |
Mark Embry, age 53, serves as LPI's Chief Operations Officer and Chief Information Officer, a position he has held since 2004. Mr. Embry previously served as the Director of Executive Advisory Practice at APPSConnect in Austin, Texas, from 2003 to 2004. His prior experience includes seven years of service at Centerpulse/Sulzer Orthopedics, where he progressed from Manager of systems support/information systems to Chief Information Officer. Mr. Embry holds a Bachelor of Business Administration degree from Dallas Baptist University and a Masters of Business Administration degree from the Baylor University Hankamer School of Business, where he currently serves as a part-time lecturer in the Masters of Business Administration degree program.
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | Chief Operating Officer, Chief Information Officer | Current |
| Baylor University | Masters of Business Administration Degree | Former |
| Baylor University | Bachelor of Business Administration Degree | Former |
| Dallas Baptist University | Bachelor of Business Administration Degree | Former |
Deborah Carr, age 37, has worked for Life Partners, Inc. since 1992 and has served as Vice President of Administration since 1995. Ms. Carr is the daughter of Mr. Pardo and the spouse of Kurt Carr.
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | Vice President of Administration | Current |
Kurt Carr, age 38, has worked for LPI since 1992 and has served as Vice President of Policy Administration since 1996. Mr. Carr holds a Bachelor of Business Administration degree in finance and a Masters of Business Administration degree from the Baylor University Hankamer School of Business. Mr. Carr is the son-in-law of Mr. Pardo and the spouse of Deborah Carr.
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | Vice President of Policy Administration | Current |
| Life Partners, Inc. | Vice President, Policy Admin | Current |
| Baylor University | MBA | Former |
| Baylor University | Bachelor of Business Administration Degree In Finance | Former |
| Organization | Position | Status |
|---|---|---|
| Aurora Aviation | General Manager | Current |
| Aurora Avionics | General Manager | Current |
| Life Partners Holdings, Inc. | Co-Founder and Managing Director of Advanced Concepts and Technologies International | Current |
| Aurora Avionics | Co-Owner | Current |
| Aurora Aviation | Co-Owner | Current |
| Life Partners Holdings, Inc. | Board of Directors | Current |
| Texas Tech University | PH.D. In Engineering Management | Former |
| Texas Tech University | Masters In Business Administration | Former |
| University Corp. | Bachelor of Science Degree In Chemistry | Former |
| St. Joseph's University | Bachelor of Science Degree In Chemistry | Former |
| Temple University | Bachelor of Science Degree In Chemical Technology | Former |
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | Officer and Director | Current |
| Life Partners Holdings, Inc. | Chairman | Current |
| Mach One Corporation | Board of Directors | Current |
| Life Partners Holdings, Inc. | Director | Current |
| University of Wisconsin | Bachelor of Science Degree In Business Management | Former |
Mr. Dewald has been a successful builder and property developer in the Waco/McLennan County area for over 30 years. He is a director of the Heart of Texas Builders Association and serves as President or principal of 17 different property development companies. He holds a Bachelor of Science degree from Southwest Texas State University.
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | Successful Builder and Property Developer In the Waco, Mclennan County | Current |
| Life Partners Holdings, Inc. | Board of Directors | Current |
| Southwest Texas State University | Bachelor of Science Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Life Partners Holdings, Inc. | General Counsel & Secretary | Current |
| Life Partners Holdings, Inc. | Board of Directors | Current |
Executive News
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Life Partners Holdings, Inc. to Host Conference Call
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Life Partners Holdings, Inc. to Host Conference Call
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