American Bullion Awarded: “Top Gold Retirement Specialist of 2017” by a public vote of more than 35k investors.

PR Newswire

LOS ANGELES, March 16, 2017 /PRNewswire/ -- American Bullion Inc. is honored to be selected as both the '2017 Bullion Dealer of the Year' and 'Top Gold Retirement Specialist' of 2017 by Bullion Directory (http://bullion.directory/bullion-dealer-of-the-year-2017/). American Bullion was chosen to receive the honor among a peer group of 35,000+ unique investors. American Bullion is one of the pioneers of the Gold IRA business, dating back to 2009. Their reputation in the IRA business has harvested competition among reputable US bullion dealers throughout the years.

A Gold IRA is one of the best ways to protect retirement assets. Not only can it increase in value like any other investment, but also for safe haven protection reasons, financial planners frequently recommend that a comfortable portion of a retirement portfolio to be invested in physical precious metals. Due to the increasing number of economic concerns, both domestic and global, many are pushing the investment portion higher today. Many stock brokers will suggest that precious metal ETF's can accomplish the same level of protection without the expense of a depository, but if you read the ETF fine print, you'll come to realize that in the event of a cataclysmic economic occurrence, nothing could be further from the truth.

A Gold IRA is an investment opportunity created and implemented as an element of the Taxpayer Relief Act of 1997. The Act broadened the permissible types of investments allowed in IRAs, by including a variety of products consisting of gold, silver, platinum, or palladium that meet strict fineness ratings. In order to comply with IRS requirements, all IRA's, including Gold (precious metal) IRAs, must be in the possession of a trustee or custodian. Specifically, IRS Publication 590 states that, "The trustee or custodian must be a bank, a federally insured credit union, a savings and loan association, or an entity approved by the IRS to act as trustee or custodian." Precious metals brokers accustomed to dealing with IRAs will have an existing network of IRS-approved custodians and depositories. Many people use private depositories, which are typically approved and utilized by various commodities exchanges, for both segregated and non-segregated storage. Such depositories maintain very large insurance policies and security features that may include; 24/7 monitoring, motion, sound and vibration detectors, and timed/automatic re-locking features, just as an example.

American Bullion was founded in 2009 by two veteran precious metals traders. The company is known as 'the pioneer' and a trusted leader in adding precious metals to your Individual Retirement Account. American Bullion specializes in converting existing IRA, former 401(k), or other qualified retirement plans to gold or other precious metals. They also specialize in providing investors with a wide range of physical products delivered safely and securely to their doors.

The recent award given by Bullion Directory is a testimony to the quality and security American Bullion continues to provide their customers in 2017 and beyond.

Media Contact:
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/american-bullion-awarded-top-gold-retirement-specialist-of-2017-by-a-public-vote-of-more-than-35k-investors-300424301.html

SOURCE American Bullion, Inc.

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Advantage Capital Holdings, LLC and Oaktree Sign Master Transaction Agreement

Business Wire

Oaktree plans to acquire Atlantic Coast Life from A-CAP

Net transaction proceeds and additional capital support provided to Sentinel Security Life Insurance Company

NEW YORK--(BUSINESS WIRE)--
Advantage Capital Holdings, LLC (“A-CAP” or “the Company”), a New York-based insurance and financial services company with over $16 billion in assets under management, and funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leader among global investment managers specializing in alternative investments, have signed a master transaction agreement in which Oaktree plans to acquire a controlling stake in Atlantic Coast Life Insurance Company (“ACL”) while concurrently providing capital support to Sentinel Security Life Insurance Company (“Sentinel”) via funding a surplus note investment into a newly created captive insurance company. All of the net proceeds from these transactions will be used to support the growth and long-term objectives of Sentinel and its policyholders.

“A-CAP is pleased to work with Oaktree given its track record of investing alongside insurers, particularly during times of transition,” said Kenneth King, Chairman and CEO of A-CAP. “While we have significant work ahead of us to successfully carry out the transactions contemplated by our agreement, Oaktree’s insurance-focused credit expertise and flexible, long-term capital will support disciplined growth of our balance sheet, enhance our asset liability profile, and strengthen our ability to serve our policyholders and distribution partners over the long term.”

“We are pleased to reach agreement with A-CAP on a multifaceted transaction that we believe benefits all stakeholders of Sentinel and Atlantic Coast Life. We look forward to working with the many parties involved – namely, the state regulators, rating agencies, reinsurers, and distributors – as A-CAP and its carriers work to complete the various steps required to close the transaction” added Jake Wagner, Managing Director, Global Opportunities, at Oaktree.

“Our planned acquisition of Atlantic Coast Life is the latest in a series of insurance investments where we partner with companies during a period of market dislocation or transition,” said Patrick C. George, Senior Vice President, Global Opportunities, at Oaktree. “The company will benefit from our meaningful experience in regulated carve-outs as it works to complete its pre-closing transaction milestones. Following closing, we believe both Atlantic Coast Life and Sentinel will be well positioned to prioritize policyholder protection, financial strength, and sustainable long-term growth.”

The closing of the transactions contemplated by the master transaction agreement is subject to A-CAP performing all of its obligations thereunder, including A-CAP’s successful implementation of a series of restructuring transactions to effectuate the carve-out of ACL, as well as receipt of all required regulatory approvals and satisfaction of other customary closing conditions.

Moelis & Company LLC acted as exclusive financial advisor to A-CAP. Michelman & Robinson, LLP and Croke Fairchild Duarte & Beres LLC served as legal advisors to A-CAP.

Goldman Sachs & Co. LLC acted as exclusive financial advisor to Oaktree. Debevoise & Plimpton LLP served as legal advisor to Oaktree.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $223 billion in assets under management as of December 31, 2025. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, equity, and real estate. The firm has more than 1,400 employees and offices in 26 cities worldwide. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/.

About A-CAP

A-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. These businesses include primary insurance carriers, an SEC registered investment adviser, reinsurance vehicles, and marketing organizations. With broad knowledge across the insurance and investment sectors, A-CAP’s management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. Launched in 2013, A-CAP is a privately held company with offices located in New York, Charleston, Miami, and Salt Lake City. For more information, visit http://www.acap.com/.