Equities First is a specialty finance firm that provides a unique form of financing. The company, which was first introduced over ten years ago, provides loans to consumers and small businesses, which are secured by stock portfolios. This type of financing comes at a time when most consumers have no longer qualified for traditional consumer loans due to tightening of credit standards by traditional banks.
Since they were first established over ten years ago, Equities First has funded over $1 billion worth of loans. To date, the company has completed the majority of its business in the United States and parts of Western Europe. Borrowers of their loans find a number of different advantages that come with stock-secured loans.
One of the main advantages is the fact that it allows a borrower to take advantage of leverage. When taking out a loan against their stock portfolio, a borrower is able to use the loan proceeds to buy more stock. Since the interest rates on the loan are very low, this can provide a great way to earn a great overall return on investment.
While Equities First has a strong presence across the United States and Europe, one of the fastest growing regions for the company is in Australia. The company, which only started operating in Australia a few years ago, is already looking to expand their space. The company is now looking to open a new office in Melbourne, which will have space for several dozen employees. Space will likely be used for sales space, asset management, operations, and compliance. The company is also considering opening more space in Sydney and regional offices in other areas of the country as well.
https://geeksnews.co.uk/equities-first-holdings-remain-the-top-lender-of-stock-based-loans/ for more.
AXA Advisors is a branch of the AXA group and a major subsidiary of AXA Financial, inc, an American arm of the company. The branch was formed from Equitable life assurance society of America that was started in 1859 by Henry Hyde who left Mutual life insurance company to start his own insurance firm. It became a member of the AXA Group in 1992 with a donation of $1 Billion to complete its transition from a mutual insurance company into a stock company.
In 2006, the company made a periodic business agreement with Linsco Private Ledger (LPL), an independent broker-dealer. LPL would provide the company with clearing and custody service and brokerage on a transparent basis. The Atlantic branch is based in the New York and New Jersey Metropolitan Area with offices in Manasquan, Morristown, Woodbridge, Nutley, and Staten Island. Lead by Vinny Parascandola and P. Nick Makriannis, it has attained great success and has been a recipient to many awards such as the prestigious Presidents Trophy. The company is also recognises for its philanthropic input through its contributions to research projects that look into solving problems that face the environment, society and human life.
The vice president, Vinny Parascandola is one of the major assets of AXA Advisors. He is responsible for sales, retention, recruiting, management, productivity and development of financial personnel. He began his career by acquiring a degree in science and began working at Prudential where he attained an award as the Rookie of the year. Later, he moved on to MONY Life Insurance Company where he held different managerial positions until he joined AXA Group.
From his position as the president of the Advantage Group, his co-management of the New York Branch to his position as the executive vice president, he is recognized for his leadership skills which have earned him several management awards. He is also a prominent public speaker, past president of Florida chapter, a member of GAMA and the past chair of LIMRA’s Field Officers Committee. With his leadership, AXA Advisors is offering the best financial advice for its customers and has helped the company gain recognition as among the biggest insurance companies in the world. More information on Mr. Parascandola available at Linked In.