TAKEN CAPTIVE is sure to become the industry s leading resource for providing basic education and expert guidance on using captive insurance companies in alternative-risk-financing strategies. TAKEN CAPTIVE answers the following questions: What is a captive? Why form a captive? What are the different types and structures of captives? Which domiciles are best? What are the tax implications? What are the risks associated with forming and operating a captive? What are the steps involved with forming a captive? Is a feasibility study necessary? What kind of risks can be underwritten? What s involved in managing a captive? How can a captive be used for asset protection and estate planning?
Wesley is the President and Lead Strategist for Risk Management Advisors, Inc. He is an expert in asset protection, executive compensation, corporate benefit planning, alternative risk transfer and captive tax law.
Wesley has over 14 years helping highly profitable, closely held businesses limit their risk exposure and taxes through qualified plan structures, onshore and off-shore entities, and trust arrangements. He works with our clients' other professionals (CPAs, Attorneys, and Financial Advisors) to insure proper due diligence and implementation of our clients' plan designs and needs. He oversees the activities and results of the Risk Management Department. Because of his extensive tax background, he ensures compliance with all of the existing revenue rulings and regulations.
Mr. Sierk works primarily with highly profitable homebuilders, manufacturing companies, real estate developers, and sports and entertainment professionals. Prior to founding RMA, he spent 10 years with NMFN, where he developed high-end deferred compensation and benefit plans for public and private businesses and their executives.
The hallmark of Risk Management Advisors is its commitment to continuing education. Mr. Sierk has been recognized as a Chartered Financial Consultant (ChFC) and a Chartered Life Underwriter by the American College since 1996.
He was awarded the designation of CRIS (Construction Risk and Insurance Specialist) in 2006. He is one of 23 individuals in the world that have obtained the Associate in Captive Insurance (ACI) designation.
Mr. Sierk is a frequent speaker to industry associations as well as law and CPA firms on asset protection and how ordinary businesses can escape the hard/soft market of insurance by creating their own closely-held insurance companies. He has been interviewed by many publications for his insight on insurance issues including The Los Angeles Times, Builder / Architect magazine, and the National Association of Homebuilders. He currently serves as an advisor to the United States Congress for issues that affect the financial well-being of young entrepreneurs and their businesses.
He has authored many articles including "Facing Down High Insurance Premiums" in Builders Exchange, and "Captive Insurance Companies: They can Lower Costs and Increase Profits" from the Journal of Construction Accounting and Taxation. He is the author of Taken Captive: The Secret to Capturing Your Piece of America's Multi - Billion Dollar Insurance Industry". He is also the author of "You Can Make It, But Can You Keep It?" a book to teach the wealthy how to hold on much of their hard earned assets.
In addition to receiving numerous industry awards and frequently qualifying for the Top of the Table, his professional memberships include American Society of Pension Professional & Actuaries, Associations for Advanced Life Underwriters, the Wealth Counsel, and the International Forum.
