Storefront helps producers win.

/Solution Spotlight

PPLI/PPVA Cash Value Reporting

Storefront helps top-tier PPLI and PPVA producers provide sophisticated, accurate, and beautiful performance reporting insights to their clients. Firms that use Storefront can keep their professional staff focused on higher-level tasks while outsourcing data collection, analysis, and report generation to Storefront.

For demonstration purposes only.

 

/Solves For

  • Our solution provides client-specific account performance both before and after carrier fees. Quickly identify performance trends to make timely investment allocation decisions to keep cash values on track.

  • Provide clients performance reporting on their individual policies as well as portfolio-level performance for clients with multiple policies. Help COLI clients or multi-generational families see their full picture of PPLI holdings, even across multiple carriers.

  • Provide clients with custom performance of their contributions to one or many insurance dedicated funds (IDF) based on their actual experience in each share class since inception.

  • Track the performance of separately managed accounts (SMA) alongside money market balances for charges to give clients a complete picture of their performance.

  • Provide clients with their personal rate of return on each registered investment VIT since their first investment date as well as typical time periods like 1, 3, and 5 years.

  • Show total premiums paid, cost of insurance, mortality and expense, admin costs, withdrawals, loans, and earnings on a monthly, quarterly, annual, or since-inception basis. Compare current cash values and premiums paid vs original plan design to help clients see they are on-track at a glance.

 

/Works With

Prudential |

John Hancock |

Axcelus |

Crown Global |

Zurich |

Pacific Life |

New York Life |

Prudential | John Hancock | Axcelus | Crown Global | Zurich | Pacific Life | New York Life |

 
 

Flexible for a variety of applications. . .

  • UHNW Family Insurance Holdings

  • 162 Executive Bonus Plans

  • COLI/BOLI Multi-life cases

  • Non-Qualified Retirement and Voluntary Executive Plans

  • Supplemental Income Life Insurance Plans

 

. . . In a wide array of funding vehicles

  • Private Placement Life

  • Private Placement Variable Annuities

  • Separate Account Wrappers

Advisors trust Storefront to report on

$2.7 billion of assets

across 6,700 accounts

Data as of 12/31/2023. Includes cash value assets across all policy types.

 

A Message from Storefront’s Founder

Matthew White, CFA

Founder/CEO @ Storefront

 

Storefront builds digital tools and experiences that help financial advisors win with their clients. Our goal is to make finance 1) more accessible to society, 2) more profitable for advice providers, and 3) generally more understandable to the average person.

We are currently living in the largest wealth transfer in history. Over the next 10 years, $30 trillion of US wealth will shift from the Baby Boomers to GenX and Millennials. Financial advisors will need new tools and methods to serve this next generation of wealth owners.

I hope the solutions we build help you, the advisor, win in this new world. I also hope that one day someone you care about has an interaction with the financial industry that is more understandable, intuitive, and inviting than they expected.

The firm providing the advice would be just like yours, but the experience they might engage with could be a white-labeled service/outcome/tool . . . sort of like a digital Storefront.

Try Storefront

We’d love to help you think through your challenges. We invite you to spend time with a member of our leadership team to see how Storefront can help make your advice more competitive with prospects and more understandable with clients.

 Storefront’s DNA of Mission, Strategy, and Culture

01

/Mission (what we do)

Make life better for a lot of people by making financial services more accessible to society, more profitable to financial providers, and more understandable to the average person.

 

02

/Strategy (how we do it)

  1. Detect niche problems within our industry that create friction between advisors and clients.

  2. Rank potential solutions by feasibility and demand.

  3. Collaborate with advisors to build a solution framework around high-impact ideas.

  4. Scale solutions that prove to solve advisor problems and make the industry more accessible.

  5. Repeat to iterate on new solutions based on our institutional knowledge and relationships.

 

03

/Culture (who we are)

  • How we relate to others is more important than short-term results. Basic decency and manners is a hallmark of how we treat each other, our clients, and our strategic partners.

  • We are honest; first with ourselves, and secondly with others. We follow through on our commitments to clients and tell our teammates the truth. We are honest in disagreement and speak directly to improve each other and the team at large.

  • We have peace with our families, our teammates, our industry, and our communities. While there are times when rapid growth will temporary cause misalignment with other parts of our lives, we are building a firm that supports families, relationships, and a fulfilling life of each team member.

  • The Team is the critical vehicle to our joint success. We win or fail together and our best chance to change our industry and our family legacies is by putting the team first. We operate together, for each other. Individuals put the team first, and when the individual needs help - the team is there for them.

  • You are the one to solve the problem you notice. You are the one to help the teammate next to you. You are the one to bridge the gap for a client. You are the one to bring success and stability to your family.

 

 /Team

We’re looking for the right people who believe in our DNA (see above) to come along on the adventure. Here is who we are looking for:

Who You Are

  • You like people (even if you’re an introvert which is cool)

  • You love thinking strategically and have an entrepreneurial spirit

  • You prefer to blaze a new path, rather than follow a pre-determined way of doing things and are ok with uncertainty

  • You are ok with being challenged and are humble enough to receive criticism and continue growing as a person and professional

  • You are located in the United States with the ability to pass a comprehensive background check

What You Want To Do

  • //Team Roles:

    • Gathering financial information from various sources (email, Excel, PDF, FTP servers, etc), transforming/cleaning the data, and maintaining the firm’s database of investment values and transactions for clients.

    • Operate firm proprietary software to generate reports for clients and to manage/analyze data stored in our databases.

    • Ensure team meets deadlines for recurring monthly reporting to clients and manage the workflow for lead times on data requests and internal processes to keep reporting on-schedule.

    • Participate in quality-control reviews of deliverables to ensure that client reports meet a high level of accuracy vs source data and are professionally aesthetic.

    • Assist in generating written answers to client questions about reporting results by doing research into data and constructing a concise, clear, and accurate answer.

    • Identifying situations where output or data is inconsistent with logical returns, or other quality control measures, and research source of discrepancy.

    • Identifying where the current process can be improved.

    • Participate in product development brainstorming and new feature creation based on your experience on the team.

    //Abilities & Experience:

    • Excellent judgement and able to balance competing priorities.

    • Strong team communicator with ability to listen actively, ask clarifying questions, express concerns honestly, and flag when there is potential miscommunication on the team.

    • Strong professional writing ability.

    • Self-starter with bias toward action.

    • Detail oriented and high ownership of work-product.

    • Comfortable with algebra-level math.

    • Discretion to handle sensitive client data and mindset towards data security and privacy.

    • Proficient with Microsoft Excel (pivot tables, Xlookup, Match) and interest in learning or experience with VBA.

    • Experience or interest in learning the following is a plus: Python, Pandas, Jupyter Notebooks, SQL.

    • Lifelong learner.

    • General interest in financial markets is a plus.

  • //Team Roles:

    • Manage and contribute to our python back-end application.

    • Aid in development of front-end for client firms and end users.

    • Contribute to our ETL codebase for tracking holding, transaction, and market index data across various sources and formats.

    • Contribute to growth of a stable CI/CD pipeline.

    • Contribute to testing framework to ensure stable production build holds during updates.

    • Keep code patched with library updates and resolve breaks from 3rd party packages.

    • Participate in Agile development process with team of developers from requirements gathering through to deployment and monitoring.

    • Provision resources in AWS, manage, monitor, and troubleshoot cloud back-end infrastructure.

    • Administer production, staging, and development database(s).

    • Manage codebase repository/source control/testing/build infrastructure.

    • Ensure application authorization (JWT/OAuth/API Keys) is secure.

    • Work as one of the programmers on the team, ranging from difficult algorithms no one else on the team can solve to building front-end components alongside the rest of the team.

    //Abilities and Experience:

    • Excellent judgement and able to balancing competing priorities of building a stable/secure product vs shipping to market on time.

    • Strong communicator with ability to listen actively, ask clarifying questions, express concerns honestly, and flag when there is potential miscommunication on the team.

    • Self-starter with bias toward action.

    • You have experience driving a project from design/gathering requirements through to completion at production deployment and maintenance.

    • Ability to troubleshoot and identify when a change in direction with project is required.

    • Experience with backend frameworks such as Ruby on Rails, Flask, or Django heavily preferred.

    • Strong attention to cosmetic details in client-viewable outputs.

    • Experienced with automated build unit tests, audits, and production deployment.

    • Proficient with deploying production systems to AWS cloud environment via AWS CLI and Terraform. You know when to use a serverless option, when to deploy a full back-end based, and when to create redundancies based on project requirements.

    • Competent with React or Vue front-end frameworks.

    • Ability to manage and drive value from consultants the team hires for outsourced cybersecurity testing, databasing.