Welcome to Iron Income
A leading reinsurance agency that tirelessly assists dealerships across the nation in their efforts to create lasting generational wealth for themselves and their family’s.
Our Story
Iron Income was founded by Chase Smallwood, a dedicated third-generation dealership owner himself, with the intention of providing superior and innovative reinsurance solutions specifically designed for dealership owners, their family members, and key employees. After graduating with a master’s degree from Harvard University, Chase joined his family’s company, where he began his career. Starting from the bottom, he worked tirelessly and diligently, which allowed him to obtain a comprehensive and detailed view of dealership operations while gaining invaluable experience across a wide variety of departments and functions.
Chase’s extensive experience with reinsurance began in early 2020, when his family’s company, La Mesa RV, initiated their own reinsurance program. From that pivotal moment, he has had the opportunity to witness firsthand how advantageous a well-managed reinsurance company can truly be for a dealership. After leaving his family’s company, Chase made a significant commitment to traveling across the nation to assist other dealers in harnessing the wealth that reinsurance can generate. Drawing on his valuable experience as a dealership owner, Chase is equipped to guide others through the complexities of the reinsurance process, providing crucial advice to fellow owners on the essential dos and don’ts they should be mindful of.
With an educational background in finance and holding the title of Investment Advisor Representative with a Series 65 license, Chase possesses the unique ability to seamlessly bridge the gap between the dealership world and the intricate domain of asset management. By integrating knowledge from both the dealership environment and asset management, Chase is able to provide comprehensive guidance that not only addresses immediate financial concerns but also fosters long-term growth. This unique dual perspective that industry competitors lack, enhances his ability to advise clients on effectively managing their investments and optimizing the daily operations of their personalized reinsurance company.
“Helping dealers build wealth for ownership and key personnel is my passion. I am proud to share my insider knowledge to benefit families like mine.”
Our Services
Implementation
Our specialized consulting services leverage our extensive experience as dealership owners to ensure a swift and effective launch of your reinsurance program. We recognize that in today’s fast-paced environment, every moment counts. Our commitment to minimizing disruptions and delays is paramount, particularly during the crucial early stages of program development.
Iron Income alignins our strategies with your business objectives and we help you navigate the complexities of reinsurance, empowering you to achieve your goals efficiently. Trust us to provide the expertise and support necessary for a successful reinsurance implementation, allowing you to focus on what you do best—moving iron.
Performance Optimization
We collaborate with leading reinsurance administrators, such as Portfolio and others, to provide solutions for auto, RV, motorcycle, and powersports dealers. We partner exclusively with top end providers who prioritize dealerships by providing an extensive array of F&I products, adaptable investment policies, and innovative approaches to capital access. Through these partnerships, dealers can enhance their financial strategies, improve customer service, and optimize their operational outcomes, ensuring a more resilient and profitable business model.
Iron Income works closely with administrators to proactively address issues as they arise, support our valued clients in various capacities, and offer expert guidance on effectively managing your reinsurance company for long-term success. Our dedicated team combines industry expertise with strategic insights, ensuring that each client receives tailored solutions designed to navigate the dynamic landscape of reinsurance. By fostering strong partnerships and maintaining open lines of communication, we empower clients to position themselves for exponential growth in the future.
Asset Management Support
We are proud to partner with Miracle Mile Advisors, a leading multifamily office in Southern California recognized for its exceptional service to dealership owners and their families. Their comprehensive approach integrates traditional reinsurance investments with a suite of tailored services that high net worth families anticipate. Miracle Mile's offerings extend beyond standard reinsurance to encompass detailed estate planning, sophisticated tax strategies, and proficient management of liquidity events. Each service is customized to address the distinct requirements of their clients, ensuring a holistic strategy for wealth management and preservation.
Iron Income understands the essential relationship between asset managers and administrators in daily reinsurance operations. This insight guides our commitment to partnering with top firms. We act as a vital liaison, promoting effective communication among stakeholders by utilizing our in-depth knowledge of asset management and administration. Our strategic facilitation keeps all parties aligned, improving operational efficiency and outcomes. Client success it our priority, and we are committed to providing the resources and support necessary to help you achieve your financial objectives.
Contact Us
Interested in building your own reinsurance company or improving an existing one? Fill out some info and we will be in touch shortly.