Life Insurance & Annuities in Private Wealth Management

The age of Great Wealth Transfer is here … American baby boomers (born 1946 – 1964) are transferring a total of $79 Trillion in the next 2 decades, using assets and financial vehicles such as life insurance and annuity products specifically designed for the purpose of retirement income distribution, tax-efficient wealth growth and generational wealth transfer. Asset managers, family offices, wealth management firms, as well as banks and insurance companies, are competing for one of the largest private wealth market shares in history. For a long time, neither life insurance nor annuity products have been well understood and represented as valuable assets in the private wealth management space due to their complexity in design, layering, and targeted purpose. Now is an opportunity that you don’t want to miss to hear a veteran private wealth manager with 25 years of experience in the insurance and financial services industry to uncover the myths of “Life Insurance & Annuities as Assets” and why they are becoming hot across the investment, banking, and insurance sectors. Please register online or via WeChat for the AFS Summer..

Speaker: Fred Huang, MBA, CLF, Managing Director, Forest Hills Financial Group

Registered Investment Advisor and Financial Advisor with Park Avenue Wealth Management
Moderator: Frank Mah, Chairman of Asian Financial Society

Speaker Bio:

Fred Huang is a Managing Director and Wealth Management Advisor at Forest Hills Financial Group (FHFG) with 25 years of experience in the financial services industry. Fred is leading a boutique team serving the rapidly growing Asian, and Asian-American clients, particularly in the space of cross-border high net-worth individuals, entrepreneurs and professionals such as doctors, lawyers, accountants and realtors.

Fred began his career as a university English teacher in China where he received a B.A. in English & Economics from University of International Business & Economics (UIBE), Beijing. Selected as one of the 30 Chinese government-sponsored scholars to study in Singapore in mid-1980s, he further obtained a diploma/M.A. in Education from National University of Singapore (NUS). After 4 years of teaching, he later hopped to work at one of the top investment companies under State Science and Technology Commission of China (SSTC) for another 4 years before coming to the U.S. to pursue his MBA at University of Pittsburgh in 1994.

Interestingly, Fred started his U.S career in New York at WPP group, a global advertising agency as an account executive in charge of marketing, branding and advertising campaigns targeting Asian-American consumers for large corporate clients including Prudential, HSBC, AT&T and UnitedHealthcare. In 2002, Fred pivoted to financial services industry as a financial professional and registered representative at MetLife. Prior to joining Forest Hills Financial Group - a platinum GA of Guardian Life and wealth management firm with 100+ advisors, Fred was in both advisory and leadership roles responsible for individual production, team building, sales growth at several Fortune 100 companies including MetLife, New York Life and Prudential. He earned prestigious honors and performance recognitions, such as Management Chairman’s and President’s Council, Leadership Round Table Member, Top 50 Partners, Leaders Club and MDRT membership. During the last 2 decade, he assumed increasing leadership roles from agency sales director, branch manager/principal, senior partner to managing partner (promoted) positions. Fred is holding a Chartered Leadership Fellow (CLF) designation, and securities licenses S6, S63, S7, S66 and S24 as well as insurance licenses Life & Health (L&H), Property & Casualty(P&C). He is a registered investment advisor representative (IAR) and financial advisor (FA) with Park Avenue Wealth Management.

Dedicated to his profession and community, Fred is currently serving as national President of Asian American Insurance and Financial Professionals Association (AAIFPA), a Board Director of Chinese American Insurance Association (CAIA); a Board Member of Asian Financial Society (AFS), and a Silver Member of FINSECA. In 2022, Fred was named and listed on the 50 Notable Asian-American Leaders by New York’s prestigious business magazine Crain’s. In 2024, Fred completed his Columbia Business School (CBS) Executive Education Program with certificates in Strategic Wealth Management, Family Enterprise Wealth and Real Estate Investing. His vision is to help improve financial literacy and private wealth management skills and practice for his beloved community of Asian Americans.

In his spare time, Fred enjoys hiking, running, travelling, photography, reading and cooking. He and his wife live in New York.

Frank Mah

Frank Mah is a Managing Director at Transnational Capital Corp. (TCC), a New York City-based investment bank focused on raising private equity and debt capitals, providing M & A advisories, for emerging growth companies in China, the Americas and Europe. Frank has extensive experience in both the equity and high yield fixed income markets. His professional experience in Asia included China, Taiwan, Korea, Hong Kong and Macau. Prior to joining TCC, Frank held senior positions at global investment banks that included Lehman Brothers, Citibank, and Nomura Securities International. He started his career in Research at Donaldson Lufkin and Jenrette where he covered the Gaming, Lodging, and Food Retailing sectors. Frank was voted by investors into Institutional Investor Magazine’s All American Research Team in Gaming. He was born in Hong Kong and learned to speak Putonghua in New York City. Frank earned his MBA in Finance from Stanford University Graduate School of Business.