A $1 billion in transactions is performance that made Equities First Holdings (EFH) proud to announce it during a 15-year anniversary. EFH started an operation in the United Kingdom in 2012. EFH has nearly 700 transactions, and it led to offices being opened in locations in China and Australia. EFH has a popular product called equity-loan. It allows the use of stocks as collateral. It is considered a no-purpose loan; therefore, when borrower is approved, the funds can be used for anything.
An individual or business can use the loan, and most people like the loan because it offers flexibility. A good example of a business using the equity loan shows the EFH’s repayment of a loan to CEO of PaySafe Group PLC(PSG) Joel Leonoff. He used 1.5 million shares for collateral of a three-year term loan. He repaid the loan and EFH provided 9 million shares to help him reach his goals.
About Equities First Holdings: uk.linkedin.com/company/equities-first-holdings-llc
Peter Briger is a businessman and entrepreneur known for being one of the co-founders of the Fortress Investment Group. He was born in the city of San Francisco, California, and spent most of his childhood there. When he was in college, he decided to go to the Princeton University to take up a bachelor’s degree. He furthered his studies and took up an MBA degree at the prestigious University of Pennsylvania- Wharton School of Business. After he finished his studies, he entered the business and finance industry where he obtained more than two decades worth of skills and experiences.
His role at the Fortress Investment Group is the co-chairman of the company’s board of directors and the overall principal. Peter Briger describes his career to be at the helm, and his experiences in managing assets and finances have given him the key to becoming successful in his chosen career. Through his leadership, the Fortress Investment Group transformed into one of the largest and leading business when it comes to managing investments. Private sectors and other industries are the ones who receive the services from the Fortress Investment Group, and because of the trust that they have given the company, the assets being managed by the Fortress Investment Group grew tremendously, and it is now valued at $65 billion.
Being at the helm of success needs a lot of hard work and sacrifice. According to Peter Briger, he was elected to become the co-chairman of the board and the principal after he demonstrated capability to lead. Since 2002, he has been proposing a lot of projects for the company. Under his new positions, he is responsible for monitoring the status of the company’s credit fund and the condition of their real estate assets. When the company is in need of additional personnel, Peter Briger would always volunteer to help. His colleagues are welcoming his ability to address several issues within the company.
Peter Briger’s extensive history working in the financial industry is characterized by his endeavors to become successful. Some of the companies that he worked for in the past are the Goldman Sachs, serving as a partner; the Global Control and Compliance Committee and the Asian Management Committee, serving as one of the committee members; the Fixed Income Principal investment Group as a co-head and department head; the Asian Distressed Debt as a division head; and finally, at the Special Opportunities Asia Fund, which is basically a subsidiary of Goldman Sachs.
Aside from his stint within the financial and the business sector, Peter Briger is also known for his philanthropic activities. He is a frequent donor at several charitable institutions across the United States, and he is also rallying behind a global fund for children. He is also a member of different groups and organizations who work together to provide a better life for the future generations. He knew that the children should be taken care of, and be given education and all of the necessities of life because they are the ones who would become the next leaders of the world.
To know more visit @: www.crunchbase.com/person/randal-nardone
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.