Ben Updates

The Beneficient Company Group Announces Separation from GWG Holdings, Inc.

DALLAS — November 29, 2021 — The Beneficient Company Group, L.P. (Ben), a leading technology-enabled financial services company serving the growing market of investors seeking liquidity and other fiduciary services for their alternative assets, today announced the effectiveness of amendments

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Establishing the First-of-Its-Kind Regulatory Framework for the Industry through the Technology Enabled Fiduciary Financial Institutions (TEFFI) Act

DALLAS — June 15, 2021 — The Kansas TEFFI Act is a gamechanger for our industry as it provides the first unifying regulatory framework for general partners, sponsors, custodians, and transfer agents to better serve a growing pool of alternative asset investors and managers who finance and manage alternative asset holdings.

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Derek Fletcher Discusses Kansas TEFFI Law in Private Funds CFO Publication Q&A

DALLAS — June 8, 2021 — The law, called the Technology Enabled Fiduciary Financial Institutions Act, allows for the creation and chartering of trust banks, to be known as TEFFIs, that as fiduciaries, finance alternative assets held in Kansas trusts as well as provide custodial and trustee services in the state.

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Maria Rutledge Named Ben’s Chief Technology Officer

DALLAS — August 1, 2021 — In her new role, Maria will oversee all of Ben’s proprietary systems, customized data management solutions, artificial intelligence and automation, and robust application stack as Ben seeks to meet growing demand for liquidity and other services in the alternatives market.

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Ben Creates New Credit Portfolio Risk & Quantitative Analytics Team Led by Samuel Hikspoors

DALLAS — Sept. 02, 2021 (GLOBE NEWSWIRE) — Ben announced the creation of a newly formalized Credit Portfolio Risk & Quantitative Analytics team led by Dr. Samuel Hikspoors who will serve as the company’s Credit Risk Officer. The new department is key to the future as the company looks to expand its current offerings and grow.

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Ben Receives Conditional Trust Banking Charter from Kansas State Banking Commissioner

DALLAS — July 6, 2021 — Ben announced the issuance of a conditional trust banking charter from the Kansas State Bank Commissioner to establish a fiduciary financial institution within the State of Kansas. The conditional charter, issued July 1, 2021, marks the beginning of Ben’s role as pilot under a new set of industry regulations enacted within the State of Kansas through the Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.

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The Beneficient Company Group Expands Presence of Its Originations Team

DALLAS — May 18, 2021 — Leading liquidity provider for alternative asset investors today announced three new senior additions as part of an expansion of Ben’s Originations team: Chris Ellis, Jonathon Tupper and consultant Cesar Baez.

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Ben CEO Brad Heppner Talks about the New Kansas Law on Fox Business News

Description text Design is a funny word Brad Heppner tells Fox Business anchor Liz Claman about Ben’s strategy for alternative assets and how a new law in Kansas aims to make the state a key financing hub for the $8.8 trillion alternative asset industry.

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The Beneficient Company Group Adds Maureen Downey and Casey Brunner as Managing Directors

DALLAS – December 17, 2020 – The Beneficient Company Group announced it has hired two deeply experienced Managing Directors to strengthen the firm’s Underwriting and Originations teams.

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The Beneficient Company Group, L.P. Launches Liquidity Platform for Owners of Alternative Assets

DALLAS — August 5, 2021 — Ben announced the launch of a first-of-its-kind liquidity platform and suite of private trust solutions that seeks to offer simple, rapid, and cost-effective liquidity solutions for owners of alternative assets.

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