Daniel R. Storer on LinkedIn: Healthcare Banking (2024)

Financial institutions need smart strategies and the right talent to execute them. Heitmeyer Consulting is the only partner who can give you both.#heitmeyer #heitmeyerconsulting #banking #fintech #insurance #assetmanagement #investmentmanagement #donmurphytx

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The new #EUdirective on #consumercredits (#CCD) includes the following:1) Member States will require a creditor, before concluding a #creditagreement, to make a thorough assessment of a #consumer’screditworthiness, in the consumer’s interest and to prevent irresponsible lending practices and over-indebtedness. The assessments should verify the capacity of the consumer to meet their obligations.2) Non-bank creditors and credit intermediaries (except #microenterprises and #smallmediumenterprises) will be subject to an admission process and registration and supervision by national #competentauthorities.3) Member States will have to ensure that consumers have the #righttowithdraw from a credit agreement without any reason within 14 days. 4) Consumers will have the right to #earlyrepayment and to reduce the #totalcost of their #credit.5) The legislation will cover #creditagreements of up to €100,000.#consumerprotection #EUlegislation

The wealthy have a different playbook than you. They operate like financial institutions. Rather than sending their dollars out of their control to:-Qualified plans they can’t access for 40 years-Accelerating debt payments to banks that own their 4% mortgage-Buying term life insurance that will likely never pay outThey retain access to their capital & utilize lines of credit against assets like:-Real Estate-Life Insurance-Stock portfolio’sWhy?The government doesn’t tax debt.And assets continue to appreciate regardless of if cash/equity is being accessed or not. Quick example: Let’s say you have $100k of cash value in a life insurance policy. The policy loan rate is a fixed 4% and you can access 95% of it. $95,000 invested in a syndication that pays 15%= + $14.25k$95,000 @ 4% policy loan rate = - $3.8k/yrLeveraging that cash equivalent pays $10.45k so it’s more productive leveraged than left unused on the cash value line of credit. I think if everyday people also had access to the majority of their own capital + an investing playbook, creativity would be unlocked and opportunities would start finding them. What are your thoughts on this line of thinking? Comment “bank” if you’d like to receive a free guide on how to create a personal banking system as described above. #ibc #leverage #taxfreewealth

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Infinite banking is a concept that revolves around using a specially designed whole life insurance policy as a financial tool to build wealth, access tax advantages, and create a private banking system for oneself. While the term "ideal client" can vary depending on the specific financial advisor or institution promoting the concept, there are certain characteristics that may make someone well-suited for infinite banking:5:Need for Cash Flow Flexibility: Those who require flexibility in accessing funds for various purposes, such as emergencies, business opportunities, or major expenses, may find infinite banking advantageous, as it allows for policy loans or withdrawals while keeping the policy's growth intact.#insurance #self

Want to know if your money at the bank is fully covered by the Federal Deposit Insurance Corporation (FDIC)? This calculator ("EDIE") is your answer! ⬇️#fdicinsurance #banking #financialplanning

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#Heitmeyerconsultingwas founded in 1999 to be a specialized partner that focuses solely on supporting financial institutions with work execution.#consulting #staffing #solutions #banking #assetmanagement #investmentmanagement #insurance #fintech #donmurphytx

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What happens when a medical practice is ready to set the stage for its next chapter? As we travel further into our Create Your Own Story series, our Institutional Banking team shares how an Insurance-Backed Line of Credit can help owners of medical facilities expand their practice. #lending #institutionalbanking #wealthmanagement #IBLOC

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🔥 Unveiling the Truth: Why Life Insurance Loans Trump Bank Loans - A Strategic Chess Move in Finance 📈 Discover the advantages of life insurance loans over traditional bank loans and make smarter financial decisions! 💡 Watch now: [https://lnkd.in/gybu3Umb] #LifeInsurance #Finance #BankLoans

Emit a steady radiance of light.Beam Confidence, Satisfaction, and Assurance partnering with Heitmeyer Consulting.#heitmeyerconsulting #heitmeyer #banking #fintech #insurance #assetmanagement #investmentmanagement #donmurphytxhttps://lnkd.in/gtB-2gJZ

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Bank Deposits may be your comfort zone but comfort zones are not the place to be in Comfort zones don't take you anywhereA Bank FD is like a treadmill. It takes you nowhere really The Returns it gives is usually erased by the power of Inflation Today we have multiple options when it comes to investing optionsIt is very important to choose the right option based on individual needsGood Morning 🌄Our image this morning illustrates thisHope you like it and use it to educate clientsHave a Great DayThanks and Best regardsTeam ASSURED PLUS( your financial advisor)#assuredplus #financialadvisor #financialadvisorinthrissur #mutualfunds #mutualfunddistributor #healthinsurance #terminsurance #loanservices #insurance jobs