Weir Financial Resources

Our Clients


Over the years, WFR has been fortunate to provide services to many business owners, executives, professionals and individuals. Below are some of the companies that we have helped.



Success Stories

WFR professionals have been fortunate to work internally and as advisors to multiple banks, credit unions and insurance companies, large and small. Our work with these clients focuses on design, implementation and servicing of BOLI, ICOLI & CUOLI as an alternative company asset, along with its role as key-person coverage, informal financing and/or cost recapture for corporate and executive benefit programs. We pride ourselves on bringing innovative and enlightened solutions, presented simply by knowledgeable industry specialists, along with successful and suitable products from highly-rated carriers. Below are some examples of our work:


$118B + Super Regional Bank

As VP of Treasury in the late 1990s and early 2000s, one WFR advisor was the manager in charge of acquiring over $500MM of the now nearly $2B of BOLI held by this bank. Pre-purchase analysis, policy structure, carrier and sub-account performance, benefit alignment, as well as policy service and administration of the entire BOLI portfolio are some of the risk management responsibilities attendant to this significant alternative asset.


$6B + P&C Insurer

Dating back to 1997, WFR developed and continues to service both split-dollar and a supplemental executive retirement plan (SERP) for the CEO and top 7 senior executives. Both plans, as well as keyperson coverage, are informally funded with institutional variable universal and single premium whole life ICOLI. This client appreciates the consistent and constant yields that both of their ICOLI types add to surplus development. WFR also designed and implemented the supplemental individual disability insurance (IDI) for several CEOs.


$1.4B + Community Bank

As EVP and CFO in the 2000s and 2010s, one WFR advisor was the executive in charge of maintenance and additions to a $25mm+ BOLI portfolio of single and annual deposit universal life. In addition to other purposes, this bank’s BOLI served as the informal funding for a 5+ participant executive supplemental executive retirement plan (SERP).


$1B + NYIA P&C Insurer

WFR developed and services a 17+ participant executive deferred compensation plan with company match. This plan is informally funded with annual deposit variable universal life ICOLI, the sub-accounts of which are informally directed by the plan participants, emulating the 401k experience. This client established a 7-figure single premium ICOLI portfolio as a tax-deferred/free asset; it provides keyperson coverage and cost recapture for other corporate benefits such as post-retirement medical.


$200mm + NYIA P&C Insurer

WFR developed and services the 7+ participant director and executive deferred compensation; as well as a nonqualified defined benefit plan. These plans and the related keyperson coverage are all informally funded with single and annual deposit variable universal and whole life ICOLI. The CEO had called the 7-figure ICOLI, his best asset.


$200mm + NYIA P&C Insurer

WFR developed and services the 10+ participant 1) death benefit only; 2) supplemental executive disability; and 3) CEO SERP for this company. Single and annual deposit whole life and indexed universal life ICOLI is used as the informal funding for those plan benefit liabilities, as keyperson coverage and as an alternative tax-deferred/free asset that consistently outperforms its other like-risk portfolio assets.


$120mm + P&C Insurer

WFR developed and services the 5-participant SERP; and death benefit only plan. Single and annual deposit whole life ICOLI is the informal funding to offset those benefit liabilities, as well as keyperson coverage and a strong alternative tax-deferred/free asset.


$30mm + NYIA P&C Insurer

WFR developed and services the 4-participant director and executive deferred compensation plan, which is informally financed with single premium whole life and annual premium variable ICOLI. The ICOLI also provides keyperson coverage and a strong performing alternative tax-deferred/free asset.


$25mm + NYIA P&C

WFR provided and services CEO keyperson coverage in the form of single premium whole life ICOLI, which has helped secure and enhance surplus as an alternative tax-deferred/free asset.


$15mm + NYIA P&C Insurer

WFR provided and services a 3-participant director and executive deferred compensation plan. Annual premium variable life ICOLI provides the informal plan funding, as well as keyperson coverage and an alternative tax deferred/free asset that has performed very well under the CEO’s direction.


Incremental income derived from BOLI, CUOLI and ICOLI often provides the requisite cash flow, cost recovery and thus incentive for financial institutions to maintain or enhance their corporate, executive and director benefit offerings.

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