The European Life Settlement Association (ELSA) announces that its Membership Committee has approved the membership application of Edwards Maxson Mago & Macaulay, LLP and Wells Fargo Bank, N.A.
Edwards Maxson Mago & Macaulay, LLP was founded in 2017 to leverage the exceptional legal and business experience of its founding partners and the select attorneys who join the firm in a way that consistently delivers sophisticated legal services and excellent results at affordable business rates. We’re intentionally branded EM3 to convey that our approach to serving our clients is unique and innovative and, by doing so, the results we achieve for our clients favorably impacts their business and growth exponentially. EM3 is lean by design and leverages a low overhead law firm model to minimize non-value-added costs and ensure intense focus on meeting our clients legal and business needs.
Wells Fargo Corporate Trust Services offers unparalleled trustee, policy administration, verification and escrow agent services and backup servicing to the life insurance secondary markets. In addition to being a leading service provider across ABS, CDO, MBS and Municipal markets serving on over 16,000 transactions totaling nearly $3 trillion in original issuance and safekeeping nearly 13 million files in its expansive document custody vault, this experienced group provides value-added services on approximately 8,500 life insurance policies. Wells Fargo Corporate Trust Services is a division of Wells Fargo Bank, N.A. One of Baron’s most admired companies, Wells Fargo is a diversified financial services company with $622 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally.
Scott Willkomm, Chair of the European Life Settlement Association said “We are very happy to welcome EM3 Law LLP and Wells Fargo as the latest members of ELSA. The association looks forward to working with them to both advocate for industry best practice and promote the Life Settlement asset class to institutional investors.”
ELSA members must comply with the association’s Code of Practice which is a comprehensive framework that ensures the highest professional and ethical standards within the industry and protection of the interests of investors in the asset class.
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