If you invested in what are commonly referred to as future income payments (FIPs, or structured cash flows), through Future Income Payments, LLC (“FIP LLC”), you may be able to recover your losses through securities arbitration before FINRA, or in litigation, based on your particular circumstances. FIPs, or structured cash flows, are a type of investment product that are primarily sold as a growth and income product by insurance agents, as well as through independent marketing organizations.
Formed in April 2011, FIP LLC is structured as a Delaware limited liability company, with its principal place of business in Irvine, CA. Formerly, FIP LLC conducted business as Pensions, Annuities & Settlements, LLC. Additionally, FIP LLC has business relationships with the following marketing affiliates: Cash Flow Investment Partners, LLC, BuySellAnnuity, Inc. and Pension Advance, LLC.
FIP LLC’s business model is predicated on soliciting pensioners through the websites of its marketing affiliates to enter into certain contracts, pursuant to which the pensioner receives a lump sum of money in exchange for some or all of the respective pensioner’s monthly pension payments, for a fixed period of time (typically, 5-10 years). In addition, FIP LLC enters into contracts with investors (primarily retail investors), through which the investors provide money for the lump sum cash payments and subsequently receive some or all of the pensioner’s monthly payments.