Cordes & Company

Problem-free dissolution of a regulated business

In 2009, a major life insurance company decided to dissolve its trust subsidiary.  The subsidiary was in regulatory distress and no longer fit the broad strategic plans of the company.  Dissolution of a regulated business is extremely complicated.  The company turned to Cordes & Company to develop and execute a comprehensive plan to move accounts and assets to successor parties and close down business operations.  We found a good home for 90 percent of the trust’s clients.  The company was able to hand back the charter in good shape -- with no liabilities and no contingencies.

Colorado
5299 DTC Boulevard
Suite 600
Greenwood Village, CO 80111
Telephone: 303.721.8755
Minnesota
2677 N. Innsbruck Drive
Suite A
New Brighton, MN 55112
Telephone: 612.455.6027
California
2030 Main Street
Suite 1600
Irvine, CA 92614
Telephone: 949.379.1202
© CORDES & COMPANY