Summary
Overview
Work History
Timeline
Skills
Education
Community Leadership
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Austin Barnes

Austin Barnes

Austin,TX

Summary

Natural business and networking development leader bringing 20 years of experience as a successful financial services professional. Strategic problem solver and visionary for future financial planning that includes all true assets that meet current and future needs.

Overview

19
19
years of professional experience

Work History

Vice President,

Harbor Life Brokerage, Partnerships
06.2020 - Current
  • Worked and negotiated with over 105 hedge funds, PE firms, family offices, and private investors to facilitate sellers and buyers of the secondary market for life insurance.
  • Created, built, and led the life insurance agent and financial advisor channel which led to an increase of 109% year over year
  • Co-managed the case management and underwriting team to determine the value of the file
  • Branded a grass root technology platform that changed the life settlement industry by blind bidding on an online auction
  • Created testimonials and case studies where the auction generated more than 1000% of the existing cash value in an offer to family and beneficiaries
  • Analyzed 5,000 policies per month and generated reports to identify the best agents and insured for their life settlement opportunities to the BGA
  • Quarterly report to CEO and board members which reinforce the current capital investment and justification of expansion
  • Generated 68% of the company's revenue on a 12 month rolling average, from the prior 36 months.

Director,

Magna Life Settlements
10.2018 - 05.2020
  • Improved direct channel to agent/advisor for policy sourcing
  • Manage and develop business processes and policies
  • Created, developed, and implemented the first agency webinar series
  • Built and strengthened client relationships to form long-lasting, profitable bonds.
  • Rebuilt the direct channel to advisors and life insurance agents
  • Generated forty-two million life settlement death benefits in quarter two of 2020
  • Recruited and mentored the top two Directors of Policy Acquisitions in 2019 and 2020
  • Facilitated the largest direct deal in the company's history, twenty five million

President and Founder,

Barnes Insurance Solutions
08.2017 - 10.2018
  • Licensed independent life settlement broker
  • Collaborated with developed life settlement brokers to educate and open new opportunities
  • Built a strong referral network to generate new business opportunities with previous restricted accounts and competitors via the private equity and hedge fund space

Director,

GWG Holdings
10.2013 - 07.2017
  • Established The Appointed Agent Program as an alternative to the traditional industry model of an intermediary or broker for policy acquisition.
  • Trained, recruited, and led new team members in order to take a one-person team to specific, efficient territories
  • Led weekly staff meetings with agents to guide, develop skills, motivate, and provide learning opportunities to drive maximum performance
  • Represented the company at national conferences and speaking engagements
  • Led monthly financial accountability meeting with CEO and CFO confirming the investment of division
  • Created, reviewed and report monthly expenses
  • Developed and presented new ideas and conceptualized new approaches and solutions.

Financial Representative

Northwestern Mutual Life Insurance
Minneapolis, MN
05.2004 - 10.2013

Financial Representative June 2004-November 2013

  • Averaged 91 policy placements per year consisting of life, disability, and long-term care insurance
  • Obtained Million Dollar Round Table status four out of nine years

Field Director Sept 2009-November 2011

  • Converted 12 of previous interns to full-time status to achieve the Million Dollar Round table production as fast as possible
  • I recruited 6 more “job changers” into the program. 7 of the individuals are still presenting representing Northwestern Mutual

College Unit Director March 2006-August 2009

  • Recruited 67 interns to becomes licensed to sell life insurance and were paid the same commission rate as a full-time financial representative.
  • Finished 67th, 22nd, and 2nd respectively in the CUD national competition with a range of 250-275 competitors. The scoring is based on a combination of my teams and my production

Timeline

Vice President,

Harbor Life Brokerage, Partnerships
06.2020 - Current

Director,

Magna Life Settlements
10.2018 - 05.2020

President and Founder,

Barnes Insurance Solutions
08.2017 - 10.2018

Director,

GWG Holdings
10.2013 - 07.2017

Financial Representative

Northwestern Mutual Life Insurance
05.2004 - 10.2013

High School Diploma -

Lake Travis High School

Skills

  • Networking
  • Generating Partnerships
  • Building interpersonal relationship
  • Recruit, train, coach, and mentor
  • Negotiator

Education

St. Cloud State University

Bachelor's Degree Finance

Minor in Marketing grad date 2004

Community Leadership

  • Board of NAIFA, TX, Director

January 2023-Present

  • Columns Resource Group Foundation

Director, VP

2008-2012

Austin Barnes