# Philadelphia Financial

Philadelphia Financial is an Asset Manager based in San Francisco, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** Philadelphia, PA, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** philadelphiafinancial.com
- **LinkedIn:** https://www.linkedin.com/company/philadelphia-financial

## Regulatory record

- **CRD number:** 131413
- **SEC file number:** 801-63788
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/131413

## About

PHILADELPHIA FINANCIAL is an SEC-registered investment adviser in SAN FRANCISCO, CA, since 2005. The firm manages approximately $730 million in assets. It has 9 employees and 7 investment advisers.

## Sectors

- Insurance
- Private Credit
- Secondaries & Special Situations

## People

- Joseph E. Boettner — Chairman and CEO

## Questions

### Who runs investment decisions at Philadelphia Financial?

Joseph E. Boettner, the firm's founder, serves as Chairman and CEO and leads the investment process, per the firm's official communications. The firm's compact structure means portfolio construction and underwriting decisions are made by a senior team working directly with Boettner. No separate CIO or investment committee roster is publicly disclosed.

### What investment strategy does Philadelphia Financial pursue?

The firm operates within the life insurance premium finance and life settlements markets. It originates loans that pay insurance premiums for high-net-worth policyholders and acquires existing life insurance policies from original owners. Returns are generated from loan interest, policy maturity proceeds, and settlement cash flows — a return stream uncorrelated to traditional equity and fixed-income markets.

### Who are Philadelphia Financial's typical investors?

The firm's capital comes predominantly from institutional investors — pension funds, insurance companies, and other allocators seeking long-duration, actuarially driven assets. Transactions are funded through managed accounts and structured vehicles rather than a commingled fund model.

### How does Philadelphia Financial source its deals?

As a direct originator and servicer, the firm works through a network of insurance brokers, wealth advisors, and trust officers who introduce clients needing premium finance solutions. The firm also sources policies for acquisition on the secondary market, where it acts as a principal buyer. This origination-servicing integration is a defining feature of the platform.

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- [Jantorno Financial Advisors](https://altss.com/profile/jantorno-financial-advisors-llc)
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Last updated: 2026-06-03T20:00:00.000Z

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