Timothy D. Armour plays the role of the chief executive officer and chairman of Capital group. He also plays the role of the principal executive officer and chairman of a section of Capital Group known as Capital Research and Management Company. Additionally, he is an equity portfolio Manager. He has attained more than 30 years of experience in
the field of investment which he attained from Capital Group. In the early period of his career as an equity investment analyst working at Capital, he was responsible for the coverage of U.S. service companies and global telecommunications. He started his career playing the role of a participant in the Associate program. He has a bachelor’s degree in economics which was attained from Middlebury College. He is presently situated in Los Angeles and Tim’s lacrosse camp.
Not too long ago, Warren Buffet made a wager of a million dollars for a charity that he had the capacity to attain more elevated returns on investment than a number of hedge fund managers by simply investing in an S &P 500 index fund which is passive. According to Timothy D. Armour, Mr. Buffet was right because there were numerous expensive and mediocre funds which left investors short-changed. He stated his support of Mr. Buffet’s commitment to minimized cost. He added that investments which were simple should be purchased and held for a long period. He stated that the approach of Mr. Buffet of bottom-up investment and analyzing companies rigorously as well as creating a portfolio which was durable had proven itself over the years. He also added that no one has been better at passing the message that additional savings towards retirement are required by Americans and learn more about Tim.
Tim also stated his point of view in the recent annual letters for shareholders where Mr. Buffet provided some words of wisdom based on the years he had spent on investment. Tim believed that customers should be cautious of product labels in a lot of industries. He also added that a lot of mutual funds offer long-term returns that were low which are partly as a result of excessive trading and elevated management fees and more information click here.
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AXA is a French multinational firm that has grown to be the leading insurance company the world offering investment management services, global insurance, and other financial services. The company has extended its operations to Western Europe, North America, Africa, Middle East and Asia –Pacific region. It operates through its many affiliates like US Financial Life, AXA Network, AXA Equitable Life Insurance, Alliance Bernstein and MONY. The firm has enjoyed continued success over the years because of its effective leadership.
One of the people leading this international insurance institution is Vinnie Parascandola, a financial expert. He is the senior vice president of the New York-based AXA Advisors. He is qualified retirement planning, estate planning, asset management, financial services and life insurance strategies. As the vice president, Mr. Parascandola is in charge of sourcing, recruiting ng and retaining competent financial professionals and young talent. He also oversees sales and productivity.
Vinnie Parascandola joined AXA in 2004 from MONY where he had worked as a life insurance strategist for 14 years. Before joining MONY, he worked for three years at Prudential as an agent. Hard work and commitment made Parascandola climb the leadership ladder in all the firms he worked. His exceptional results as the Vice President of MONY saw him elected to lead AXA Advisors. Previously, Vinnie had also served as the president of the Advantage Group.
Vinnie Parascandola has earned the GAMA leadership awards for his renowned leadership ability. The award is the highest honor in the financial industry given to individuals who have made exceptional contributions to the industry. In his early years in the Industry, Vinnie also received the National Rookie of the Year award. He undoubtedly has been outstanding from the beginning of his career to date.
In addition to guiding AXA Advisors to an annual growth of 14%, Vinnie Parascandola has also created AXA Foundation, a philanthropic arm of the firm. The foundation supports research on solutions to environmental problems and offers education scholarships. Mr. Parascandola’s distinguished career in the financial industry makes it hard to believe that he graduated with from Pace University with bachelor’s degree in computer science.