traded as otcqx jgwe industry finance founded 1991 ; 25 years ago 1991 headquarters radnor pennsylvania u.s. area served united states key people stewart a. stockdale ceo roger gasper cfo stephen kirkwood clo greg schneider cio john owens cmo services buys structured settlement payments fixed annuities lottery winnings lawsuit advance website j.g. wentworth the j.g. wentworth company is a diversified financial services company focused on providing direct to consumer access to financing solutions through a variety of avenues including mortgage lending and refinancing structured settlement annuities and lottery payment purchasing prepaid cards and access to providers of personal loans . 1 2 the firm is currently traded publicly on the otcqx symbol jgwe . 3 in the united states the company is most commonly known for its advertising commercials that feature mr. wentworth 4 but more recent commercials include a wagnerian opera singer . 5 the tagline featured in the commercials is it s your money use it when you need it contents 1 history 2 commercials and awards 3 j.g. wentworth brands and subsidiaries 4 references 5 external links history edit j.g. wentworth was founded in 1991 as a merchant bank specializing in transactions in the healthcare industry . 6 7 in 1992 the company began to purchase new jersey s auto insurance deferrals from claimants who could not afford to wait 12 to 18 months for their settlements . 8 prior to 1999 there was no state regulation for structured settlements in the state of new york . eliot spitzer entered into a contract with j.g. wentworth to help protect new yorkers from selling their settlements at exorbitant rates . the agreement stipulated that j.g. wentworth could receive a rate of no more than 25 percent of the annual discount rate of annuities it had purchased from a citizen of the state of new york . 9 at the time a jgw executive told the new york times that the firm sought the agreement because of the rate at which its business had grown in recent years . 10 in may of 2009 following the financial crisis j.g. wentworth s parent compeny jgw holdco llc entered chapter 11 bankruptcy protection . the company said that liquidity problems amid a tightening credit market led up to their filing . 11 in june of 2009 jgw holdco llc received 100 million in equity from primary stakeholder jll partners . this allowed the company and its subsidiaries to emerge from bankruptcy . 12 j.g. wentworth and peachtree financial solutions which also purchased structured settlement annuity and lottery payments formed a new holding company jgwpt holdings llc in 2011 . the two companies did not merge but continued to operate independently after the transition . 13 in october 2013 the firm filed for an ipo 14 15 which was offered the subsequent month november . the company was initially listed on the nyse under the symbol jgwe . 16 in 2015 j.g. wentworth began expanding their financial offerings by purchasing weststar mortgage for 54 million in common shares and cash . 17 in the same year the company also announced a partnership with visa to offer a prepaid card to customers . 18 in june of 2016 j.g. wentworth was delisted from the nyse due to a failure to satisfy the continued listing rule . 19 on the 20th the company began trading on the otc markets group under the symbol jgwe . 20 commercials and awards edit the commercials that run on daytime television in the united states featuring mr. wentworth are how the company is best known . they have had many series of commercials with mr. wentworth ; however the most recent series includes a wagnerian opera singer also known as the viking singer . 21 the tagline featured in the commercials is it s my money and i need it now and it s your money use it when you need it jgw has won several awards both domestically and internationally for their television advertising including a silver davey award . 22 the commercials feature a singing opera star who recites in a deep voice if you get long term payments but you need cash now . the wagnerian opera commercial won two international summit awards for best humor and best tv between us 75k and us 100k . 23 24 j.g. wentworth brands and subsidiaries edit j.g. wentworth owns and operates under a number of brands . the main 2 brand owned by j.g. wentworth are j.g. wentworth and peachtree . additional brands and subsidiaries include 25 j.g. wentworth llc peachtree life settlements llc j.g. wentworth home equity services llc orchard acquisition company llc j.g. wentworth structured settlement funding ii llc peachhi llc j.g. wentworth ssc lp red apple management company llc golden apple management company llc j.g. wentworth management company llc j.g. wentworth originations llc green apple management company llc qualified provider associates llc jgw pre settlement funding llc cash now loans llc j.g. wentworth receivables ii llc peachtree originations llc lottery originations llc settlement funding management company llc peach holdings llc receivables collections llc jgw ii llc jgw ii jgw iii llc jgw s lc i llc jgw s lc ii llc 2011 a jgw s holdco llc lcss llc jgw s i llc jgw s ii llc jgw s iii llc jgw s iii r.c. henderson llc 321 henderson receivables acquisition llc jgw residual i llc jgw s iv llc . 26 references edit the j.g. wentworth company announces launch of national marketing campaign to support j.g. wentworth home lending . corporate.jgwentworth.com . retrieved 2015 08 17 . chasan emily 2009 05 19 . update 1 j.g. wentworth files prepackaged bankruptcy reuters . in.reuters.com . retrieved 2012 06 02 . the j.g. wentworth company to begin trading on the otcqx market under the ticker symbol jgwe . finance.yahoo.com . 2016 06 17 . retrieved 2016 06 21 . beaver dennis 2011 03 12 . you and the law have a structured settlement but need cash now . hanfordsentinel.com . retrieved 2012 06 02 . hage jeff 2011 06 30 . it s hard to shake a good jingle the princeton union eagle . unioneagle.com . retrieved 2012 06 02 . jgwpt private company information businessweek . investing.businessweek.com . retrieved 2012 06 02 . ipo filings . ipo.nasdaq.com . retrieved 2012 06 02 . office of the governor newsroom . state.nj.us . retrieved 2012 06 02 . http www.ag.ny.gov media center 1999 jul jul29b 99.html neil macfarquharpublished july 30 1999 1999 07 30 . accord is reached on trades of cash for lawsuit proceeds new york times . nytimes.com . retrieved 2012 06 02 . chasan emily 2009 05 19 . update 1 j.g. wentworth files prepackaged bankruptcy reuters . in.reuters.com . retrieved 2012 06 02 . j.g. wentworth receives 100 million in new equity ; business wire . www.businesswire.com . 2009 06 08 . retrieved 2016 09 12 . j.g. wentworth and peachtree financial solutions seal deal ; prnewswire . www.prnewswire.com . 2011 07 13 . retrieved 2016 09 12 . jgwpt private company information businessweek . investing.businessweek.com . retrieved 2012 06 02 . ipo filings . ipo.nasdaq.com . retrieved 2012 06 02 . alnwick julie 2013 10 07 . j.g. wentworth operator files to raise 200 million u.s. ipo ; bloomberg . www.bloomberg.com . retrieved 2016 09 12 . nemeroff evan . weststar mortgage bought by j.g. wentworth for 54m ; national mortgage news . www.nationalmortgagenews.com . retrieved 2016 09 12 . scism leslie 2015 03 10 . with latest deal j.g. wentworth has more to sell when customers call . blogs.wsj.com . retrieved 2015 08 20 . https biz.yahoo.com e 160620 jgwe8 k.html the j.g. wentworth company to begin trading on the otcqx market under the ticker symbol jgwe . finance.yahoo.com . 2016 06 17 . retrieved 2016 06 21 . j.g. wentworth s direct response aria . response magazine . 2008 08 01 . retrieved 2012 06 02 . j.g. wentworth launches new television commercial eon enhanced online news . eon.businesswire.com . 2010 03 16 . retrieved 2012 06 02 . j.g. wentworth opera commercial wins two more international advertising awards . search results from highbeam research j.g. wentworth gets animated in new ad campaign . shootonline . 2011 02 21 . retrieved 2012 06 02 . paymaster j.g. info page . sec jgwpt holdings inc. . external links edit official website v t e corporate finance and investment banking capital structure convertible debt exchangeable debt mezzanine debt pari passu preferred equity second lien debt senior debt senior secured debt shareholder loan stock subordinated debt warrant transactions terms conditions equity offerings at the market offering book building bookrunner corporate spin off equity carve out follow on offering greenshoe reverse initial public offering private placement public offering rights issue seasoned equity offering secondary market offering underwriting mergers and acquisitions buy side control premium demerger divestment drag along right management due diligence managerial entrenchment minority discount pitch book pre emption right proxy fight post merger integration sell side shareholder rights plan special situation squeeze out staggered board of directors stock swap super majority amendment tag along right takeover reverse tender offer leverage debt restructuring debtor in possession financing financial sponsor leveraged buyout leveraged recapitalization high yield debt private equity project finance valuation accretion dilution analysis adjusted present value associate company business valuation conglomerate discount cost of capital weighted average discounted cash flow economic value added enterprise value fairness opinion financial modeling free cash flow free cash flow to equity market value added minority interest modigliani miller theorem net present value pure play real options residual income stock valuation sum of the parts analysis tax shield terminal value valuation using multiples list of investment banks outline of finance retrieved from https en.wikipedia.org w index.php title j.g. wentworth & oldid 743489006 categories american companies established in 19911991 establishments in pennsylvaniafinancial services companies of the united statescompanies based in pennsylvaniacompanies that filed for chapter 11 bankruptcy in 2009companies listed on the otc bulletin boardhidden categories pages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 9 october 2016 at 22 01 . text is available under the creative commons attribution sharealike license ; 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