 Download the Press Release |
CONTACT:
KARA HUGHETT
UPCHURCH FINANCIAL
TELEPHONE 904.596.5705
FAX: 904.596.5706
KARA@UPCHURCHFINANCIAL.COM |
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UPCHURCH FINANCIAL SOLUTIONS FINALIZES
DELTA SETTLEMENTS ACQUISITION |
| EFFECTIVE MARCH 1, 2008 |
| MICHAEL A. UPCHURCH TO BE NAMED CHAIRMAN OF THE BOARD / CHIEF EXECUTIVE OFFICER |
NOW SCHEDULING INTERVIEWS WITH MICHAEL A. UPCHURCH
PLEASE CONTACT UPCHURCH FINANICAL MARKETING EXECUTIVE,
KARA HUGHETT AT 904.596.5705 |
| USA— Effective March 1, 2008, Michael A. Upchurch, Founder and President of Upchurch Financial Solutions
(UFS) in Jacksonville, Florida will retain full ownership of the Delta Group of Settlement Companies. As Upchurch
assumes the position of Chairman of the Board and Chief Executive Officer, Delta Settlements will maintain the
Delta Group name in addition to the brand. Former Delta Settlements Owner, President and CEO, David Snyder
along with his wife, Dorothy Snyder have announced the acquisition to their current producers: |
“UFS will purchase the controlling stock of Delta Group on or about March 1, 2008. ... Dorothy Snyder and her
staff in the San Juan Capistrano Home Office of Delta Group have agreed to remain with the company to assist
Michael with the transition. One of the main reasons Dorothy and I selected Michael Upchurch to purchase our
company is that we felt he will bring much needed "added value" to you, the Producers. ... We are confident
that once you have had a chance to work with Michael, you too will feel comfortable with his honesty and
integrity, and will help him grow the company to become the foremost plaintiff firm in the business.”
– David Snyder |
| Since its inception, Delta Settlements has been an industry leader. Snyder has been at the forefront of some of the
most influential changes to the settlement industry as a founding member of NSSTA, the founder of SSP and the
establishment of a plaintiff’s right to independent representation in the placement of a structure. Upchurch believes
Delta Settlements is perfectly positioned at this point in the settlement industries development. Despite the obvious
and inevitable shift from a defense controlled industry to one being controlled by the plaintiff, there is not a pure
national plaintiff’s based firm. Delta will be positioned as that company. |
| Upchurch’s goal is to be able to build off of the momentum UFS has created and ideally, leverage the skills and
techniques they have built. He is confident Delta Settlements will be in a position to expand their product and
service offerings and ideally, UFS will offer the following added value to the trial attorney and their client: |
- Public Benefit Analysis
- Lien Resolution
- Trust Related Services
- Traditional Structured Settlement Services (comprehensive analysis)
- Traditional Asset Management
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| In addition, Delta and UFS will capitalize on the knowledge UFS has had in the Social Security arena to enter into
the Medicaid and Medicare planning industries for non-litigation related cases. This is a natural extension for a
settlement consultant because of the access granted to the elder law community. From a public service perspective,
Delta will continue to promote and lobby for laws and regulations that best serve public policy and disabled persons. |
"Structured settlements are a great business with a great future. Dave and Dorothy Snyder are structured
settlement pioneers and visionaries. They deserve tremendous thanks from our industry for what they have
contributed. Delta Settlements and the Snyder’s have mentored and launched many current structured
settlement leaders. I am honored and excited about my new relationship with Delta. With support from Dave
and Dorothy, as well as Delta's employees and Delta's product providers, Delta will continue to distinguish
itself as a structured settlement industry leader."
- Michael A. Upchurch, CEO, Upchurch Financial and Delta Settlements |
| For editorial excerpts or to schedule an interview with CEO, Michael A. Upchurch, interested media please contact
Upchurch Financial, Marketing Executive Kara Hughett directly via telephone at 904.596.5705 or email
kara@upchurchfinancial.com |
| For more information, please visit www.upchurchfinancial.com or Structured Settlement Leader, Pat Hindert’s
blog, Beyond Structure Settlements; www.s2kmblog.typepad.com |
| UFS is one of the nation's premier plaintiff settlement consulting firms. UFS employs a team approach to analyzing
all economic aspects of a complex personal injury case. UFS differentiates itself by employing a team of experts to
help the trial attorney quantify the role Medicaid, Medicare and any 3rd party payer may play in a clients life postrecovery.
This type of analysis helps to paint a clearer picture of the economic implications of a settlement. Many
times the outcome of this analysis helps with key decisions facing the client and his team of professional advisors.
Key decisions such as, weather or not to establish a Special Needs Trust, asset allocation, structured settlement
formatting and most importantly weather or not an offer is adequate to meet the real-world economic needs of the
client. By providing this type of analysis and showing the ongoing commitment to the rights of the injured party,
UFS has been able to place in excess of $50 million dollars of structured settlement premium over the past 12
months. A central commitment of UFS has been to head the technology forefront in the settlement planning
industry. UFS has invested heavily in its technology infrastructure and has developed its proprietary lead generation
and case management system. UFS is in a position to supply the Delta producers with qualified leads via its research
group and case management system. The case management system itself organizes the following key components of
a case: |
- Key contacts (all standard information)
- Document management/storage
- E-mail Integration
- Comprehensive Quoting
- Market Analysis Summary
- Best Quote
- Quote Detail
- Rated Age Report
- Market Analysis Detail
- Key Financial Information
- All related Case information (annuitant information, annuity details, etc.)
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| UFS is currently extending its technology expertise and infrastructure to its clients. UFS has been and will continue
to be a leader in identifying means of increasing the efficiency and effectiveness of every litigation dollar. |
MICHAEL A. UPCHURCH
Michael A. Upchurch is the founder of Upchurch Financial and Chairman and CEO of The Delta Group of
Settlement Companies which he purchased in 2008. Since entering the structured settlement business in 2003,
Upchurch has distinguished himself as a leading settlement consultant. Upchurch’s focus on increasing the utility of
the settlement has enabled him and his team to become a trendsetter in the structured settlement, litigation support
and settlement planning industries.
After graduating with his MBA from Southern Methodist University in Texas, Upchurch began his professional
career with IBM. While at IBM, Upchurch focused on integrating advancing technologies into established business processes. This skill set continues to benefit Upchurch and UFS’ clients in the structured settlement and settlement
planning marketplaces.
In 2003, Upchurch entered the settlement industry with Ringler Associates. Within a year, Upchurch decided to
focus exclusively on helping victims and their attorneys. In 2004, Upchurch left Ringler and formed Upchurch
Financial Services. UFS has enjoyed positive and productive relationships with Millennium Settlements and
National Settlement Consultants. Upchurch is a member of the Florida Justice Association (FJA) and the American
Association of Persons with Disabilities (AAPD) Upchurch has been a Business Friend of EAGLE since 2005. In
addition, he is a member of the Society of Settlement Planners (SSP), the National Structured Settlement Trade
Association (NSSTA) and the National Alliance of Medicare Set-Aside Professionals (NAMSAP.) Upchurch
married his college sweetheart from Emory University and they have three children ages 10, 8 and 5.
DELTA SETTLEMENTS
The Delta Group was founded in 1990 by David and Dorothy Snyder and Charles Bradford. The Snyders purchased
Bradford's share of Delta Group in 1995. The Delta Group has helped launch several structured settlement firms
whose founders and owners began their structured settlement careers with the Delta Group including: Bradford &
Associates of Atlanta Georgia; Millennium Settlements of Tallahassee Florida; and The James Street Group of
Austin Texas.
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