Robert Danielsen

Robert Danielsen received his B.A. in Government and International Relations from Carleton College in 1974, and his J.D. from the University of Michigan in 1977. He is currently a member of Inrelex Law Group, PLLC, and has practiced law in the Minneapolis/St. Paul area since 1977. From the beginning, he has concentrated his practice in the areas of tax and asset planning. In the mid-1980’s, Mr. Danielsen served as Vice President and General Counsel for a large financial services company,and developed a special interest in insurance strategies and analysis. His activities included developing computer models for the evaluation of life insurance products and strategies. The models provide a platform for comparing sales illustrations, contrasting strategies, and quantifying the funding risk for life insurance products. It was also during this time that he began working with property and casualty insurance companies and concepts, including offshore captives, used primarily to provide companies and professionals alternative means to control their risk management in an economic and tax efficient way.Beginning in the late 1980’s, Mr. Danielsen began assisting individuals with offshore financial transactions, including banking transactions, asset protection planning, and captive insurance facilities. In this context, he developed relationships with a number of offshore banking, insurance, and accounting services. These long-term relationships have been very useful to his clients, who have benefited from the trust he has developed with offshore financial institutions. These relationships provide comfort when dealing with the different customs and regulatory systems in foreign jurisdictions. In addition to his law practice with Inrelex Law Group, PLLC, Mr. Danielsen is the Chief Executive Officer of Cynametrix, LLC. Cynametrix provides tax-sensitive financial simulations to financial professionals, including lawyers, accountants, investment advisors, brokers, life insurance vendors, trust companies, financial planners, and others. The stochastic simulations are Monte Carlo-based, and include: 1) a portfolio migration analysis for evaluating the decision to sell securities and reinvest in alternatives, taking into account tax and mortality probabilities; 2) a cash value life insurance analysis for evaluating funding sufficiency and comparison of alternative strategies; and 3) a retirement cash flow analysis for evaluating cash flow downside risk during retirement.Mr. Danielsen has developed and received a patent for a process used in valuing death benefit strategies that provides a simple means of comparing any product or strategy incorporating mortality probability. This patented process allows not only for the comparison of standard products and strategies, but also for the comparison of death benefit strategies with non-insurance alternatives, for example in evaluating the use of death benefit strategies to optimize securities portfolios.