Today's Top SOA Links
From the Wires
Succession Capital Alliance's Movsesian Named Man of The Year by Big Brothers Big Sisters of Orange County
By: PR Newswire
Nov. 13, 2012 05:00 AM
NEWPORT BEACH, Calif., Nov. 13, 2012 /PRNewswire/ -- Big Brothers Big Sisters of Orange County named Julian Movsesian, president of Succession Capital Alliance, a firm specializing in life insurance strategies for high net worth individuals, its highest honor – Man of The Year – at its 48th annual gourmet dinner. Movsesian, born in Cairo, Egypt of Armenian descent, convinced his parents at age 17 to let him move to Southern California, where he lived with guardians, put himself through high school and flipped burgers at a local McDonalds to earn his keep. Now, more than three decades later, he is one of the most influential individuals in the insurance industry. Movsesian says it's only because of this success that it's possible for him to give back to the community.
"I take nothing for granted and success wasn't handed to me," explains Movsesian. "My struggle to succeed is due to hard work, maintaining professional integrity and a desire to help others, especially children. It takes determination and a family that supports my goals and encourages me. I wouldn't be where I am if I didn't have a good wife, and I would never be able to give back if I hadn't worked so hard to get to where I am. I give back so that others will have opportunities to do the same."
Movsesian's fierce desire to be independent and serve his clients has enabled him to reach business goals and a level of success that fuels the American dream.
"His ascent to the top of the mountain is a remarkable success story that can only happen here in America," said Jeff Verdon, managing partner of the Jeffrey M. Verdon Law Group. "He is considered one of the top in his field."
After being fired from McDonald's for eating left over burgers that were being thrown out, Movsesian worked at Sambo's Restaurant, where he quickly rose through the management ranks before being recruited to the life insurance industry. The insurance industry proved to be tedious, hard work that drove Movsesian's passion for excellence and perseverance. Instead of staying in Southern California where the competition was tight, every week he traveled to Central California. He quickly learned that he could sell more policies in that region while staying at a Motel 6. Within his first year selling insurance, he was named Rookie of the Year.
He eventually came back to Los Angeles where he built a successful insurance practice working with affluent families and business owners in Beverly Hills. During that time he was approached by a client asking for a $40 million policy with financing, much the way a real estate deal is financed. This had never been done before, so Julian seized the opportunity and created a premium financing program called Capital Maximization Strategy (CMS), which was introduced in 1996. It has been recognized by the insurance industry as the foundation from which all premium financing programs have evolved. CMS continues to be the largest, longest running, most reputable and respected life insurance premium financing program in the industry. It has benefitted large corporations, as well as affluent families and individuals nationwide. Currently, Movsesian limits the number of life insurance companies that can use his strategy and has licensed it to only 10 top tier life insurance companies.
"Julian has brought a whole new type of practice to the industry and he has been a trendsetter," said Michael Bell, executive vice president, Pacific Life.
In 2004, a Fortune 10 company approached Movsesian and suggested they form a partnership which became Succession Capital Alliance. Six years later, Movsesian bought his partner out for 100 percent ownership and control of the company.
From a young immigrant with only $200 to his name, to an executive who has changed the life insurance industry, Movsesian is an American Success story. His program, CMS, has helped insurance agents and advisors nationwide to place more than $28 billion of life insurance protection with a financed premium portfolio that exceeds $2.7 billion. Movsesian also is a respected community leader, philanthropist, husband and father. In addition to being named Man of The Year by Big Brothers Big Sisters, Movsesian is a past winner of the prestigious Preston Hotchkis Distinguished Achievement Award, Pacific Life's highest honor for independent life insurance professionals.
About Succession Capital Alliance
Founded in 2004, Succession Capital Alliance works with high net worth individuals to help them maximize their succession capital, understand how they can leverage life insurance to their benefit, and help insurance companies and industry professionals to address a void in understanding life insurance. Learn more about Succession Capital Alliance online at www.successioncapital.com.
About Big Brothers Big Sisters
Big Brothers Big Sisters is a donor-supported volunteer organization that changes lives. The organization depends on donations to ensure child safety and provide support for children, families and volunteers to build and sustain strong relationships. The programs are proven to reduce a child's risk of dropping out of school, becoming violent, using drugs and alcohol, and falling victim to other negative cycles that threaten society. To donate or volunteer, visit www.BigBroOC.org or call (714) 544-7773.
SOURCE Succession Capital Alliance
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week