How Vincent Parascandola Ascended to his Current Position at AXA Advisors
Vincent Parascandola is one of the notable executives of AXA Advisors, LLC, a dealer/broker and retail distribution entity for AXA Equitable Life Insurance Company. Both AXA Advisors, LLC and AXA EquitableLife Insurance Company operate under the parent company, AXA Equitable Financial Services, LLC.
Parascandola’s reputation in the industry stems from his current position as the senior executive VP of AXA Advisors. His level of experience in the financial world spans for over 25 years. His tenure involves various responsibilities such as recruiting, sales, productivity, management development, and retention. Additionally, Vincent Parascandola is in-charge of developing both experienced and new financial professionals.
Vincent embarked on his career in 1987 by working for Prudential as an agent. Before leaving the company to join MONY Life Insurance Company in 1990, he was acknowledged as the National Rookie of the Year. The endeavor to join MONY gave Parascandola an excellent opportunity to hone his management skills. In fact, his track record at the company included holding several regional and local field management positions before shifting to AXA Advisors in 2004 to become a divisional president. You can visit Alumnius for the info.
Before ascending to the role of divisional president, Vincent Parascandola held the position of president at one of AXA Equitable’s units, Advantage Group. The unit was established with the objective of attracting veteran financial experts. Prior to this position, Vincent worked as a co-manager of AXA’s New York Metro branch, which has nearly 400 financial specialists operating in the tri-state region.
Vincent studied at Pace University in New York where he graduated with a Bachelor of Science degree. As a successful alumnus of the school, he delivered a commencement speech to the 2014 graduating class. Vincent Parascandola is recognized in the industry for his excellent leadership and management skills. For this reason, he holds various management awards such as the GAMA’s Career Development and Master Agency Awards. For more details visit Crunchbase.
Aside from business, Vincent has a reputation for being a renowned speaker. He has spoken at many industry and company events and conferences such as LIMRA’s distribution conferences and GAMA’s national LAMP Meeting. Additionally, Vincent is a former chairperson of the field officers committee of LIMRA and a former president of Florida chapter. Check out his Vimeo account for more.
Read more: https://wallethub.com/profile/vincent-parascandola-13214204i/
The Extraordinary Success & Generosity of HCM’s Founder James Dondero
James Dondero’s biography can paint a pretty intimidating picture for many investors. Dondero’s invested his money into savings that have been able to accumulate over $15 billion in alternative assets. This turned Dondero into a powerhouse that was later named Highland Capital Management, which he helped cofound back in 1993. Dondero has made bold calls on everything from American Airlines to Argentina and has turned himself into a wealthy corporation owner with many assets in many different areas of investing. Even after all this success, the 54-year-old investment holder is still hesitant to even talk about himself. While his investments have an average of a 40% return on the money people invest Dondero seems to be a reserved, laid-back, humble type of person even as his investments topped many lists of people’s best options for investing as 2016 closed out.
James Dondero is the Cofounder and President of Highland Capital Management (HCM) and he currently resides in Dallas, Texas. Since the company’s inception in 1993, Dondero’s HCM has been a pioneer in the industry through the development of Collateralized Loan Obligation (CLO) in helping invest in credit-oriented solutions for property owners worldwide. Dondero’s experience also runs deep in the investment sectors including specialties on equity markets. CLO today focuses on offering winning investments in various vehicles of investing including things like hedge funds, private equity funds, mutual funds, REITs, and ETFs.
Moreover, James Dondero is active in more than just business and investments. Dondero is heavily involved in philanthropic work and supports many causes including things like education for children, veteran’s affairs, and improvement of public policies. Dondero himself has donated millions in his very own money to various charities and nonprofits throughout the Dallas, Texas area. This includes HCM’s $2 million donations to Southern Methodist University providing undergraduates with exposure to policymaking options to further their education and $1 million donations to the Dallas Zoo to help bring hippos back to the facility. Other charitable causes that have benefited from James Dondero’s generosity include the Education is Freedom Charity, George W. Bush Presidential Library & Institute, Perot Museum of Natural Science, Snowball Express (2006), Uplift Education, and Capital for Kids charities have benefitted from Dondero and HCM’s extraordinary generosity! Original Source : http://www.jamesdonderodallas.com/james-dondero/
Successful Investments for Successful People
Tim D. Armour is the Chief Executive Officer and Chairman of Capital group. He joined the company in 1983 giving him over thirty years’ experience in the investment company. He started working at the company as a participant in the Associates Program. Tim was appointed the Chairman of the Capital group in July 2015. The passing of Jim Rothenberg instigated his appointment to the Chairman’s position. The company controls over one trillion US dollars in its portfolio. Before Timothy Armour’s election, the company was in a desperate situation where the fund managers were passive, and the company needed to regain their market share.
From a young age, Timothy Armour was dedicated to making something great of himself; he was an all A student. Timothy Armour has a Bachelor degree in Economics from Middlebury College. Due to his discipline and dedication, it was not hard for him to rise the ranks in the working environment.
Timothy Armour (@timarmour) championed the restructuring of the fund’s management department. He realized that most managers were now complacent and not motivated to invest their clients’ funds. Timothy Armour first invoked the use of in-house research, which was designed to show the long-term profits of active fund management.
He also ensured that the managers were put on strict targets, which ensured that they went into the market and got the right investments. Finally, he was able to bring in managers who were risk takers and could manage to foresee future market trends. With this features, the fund managers are in a position to earn their wages.
Related: View Timothy Armour’s Business Profile
Janet Yang, CFA and a columnist with Morningstar, stated that Capital Group’s success last year comes from Tim’s key contributions. The main one being the ability to foresee the future in investments. She says that he has successfully managed to examine the needs and demands of business and effectively learned the long-term needs of the companies’ employees. She concludes that choosing Timothy Armour as Chairman was good for the longevity of the company’s success.
Timothy Armour acknowledges that China is responsible for about 15% of the worlds’ GDP. Market shares had a drastic turn with the sudden devaluation of their currency. Due to this, developed countries face the challenge of a major decline in their exports. However, Tim notes that the decline could mean lower interest rates, which in turn will provide a boost in the global financial world. This feature is important for developing and third world countries.
For more information, connect with Timothy Armour on LinkedIn.