Vincent Parascandola is a Pace University educated scholar. He holds a degree in computer science from the university’s Lubin School of Business. His career began to take the course when he ventured into the insurance industry. Irving Trust Company was the first to hire him as their system analyst. Thereafter, he joined Prudential Insurance as the lead insurance agent of the company.
While at the company, he gained honed skills that enabled him to offer credible services at MONY Life Insurance Company where he got a promotion to head various departments for the company. After many years of offering quality and expertise services to the company, he got a lucrative opportunity to work for AXA Advisors. The company hasn’t released him from his duties since 2004 when he joined the insurance firm.
Currently, he is the deputy executive officer at the New York’s best Financial Advisory Company, AXA Advisors. He works towards recruiting and mentoring the company’s employees towards providing quality and reliable financial advice to their clients. Apart from mentorship, he also monitors the managerial departments and their involvement in ensuring that the firm achieves its goals.
Vincent Parascandola has exercised top-notch leadership qualities that have earned him various accolades from the company. Some of these awards include Career Development Awards and many others. Not only did his contribution to the growth and development of the company earn him awards but also promotions to higher positions of leadership. Majorly, he was made the Chief Executive Officer of AXA Equitable’s The Advantage Group. Check out Pocomuseum to see more.
Mr. Vincent’s influence as a leader of this popular department made him earn more promotions alongside more clients to the company. He has chaired many forums for the company’s events and during meetings with investors. His excellent leadership skills made the company to trust him with their many branches within the North Eastern parts of California. In addition, he also manages all the other branches that the company put up in Africa, Europe, Asia and the rest of the world’s continents.
Needless to say, his stay at the company has been felt across all departments and branches. This has consequently increased the profits that company makes from the sales of their services. You can visit his Facebook page.
See more: https://rocketreach.co/vincent-parascandola-email_1188110
In a commentary by Tim Armour about Warren Buffet’s assertion that investing in passive index funds such as S&P 500 is more profitable than investing in hedge funds, Tim has a different opinion. However, he agrees with Buffet on some issues. He agrees that indeed there are unscrupulous hedge fund managers who shortchange investors and that there is need to offer low cost and simple investments. He also supports Mr. Buffet’s advice that is analyzing companies rigorously to build a durable portfolio.
Tim advises that investors should be careful of product labels whether passive or active but rather, their interest should be on what serves them best. Some mutual funds charge high management fees and do excessive trading thus offering poor returns. On the other hand, risks and costs foregone in passive index investments are normally underestimated making them look better than hedge funds. However, usually, this is not always the case. Therefore the debate should not be about passive or active funds but about which fund provides the best returns to the investors.
According to Tim passive returns are not always the safest way to retirement as it is commonly thought. According to him, index funds may be good, but they do not cushion one from down markets. They are usually susceptible to volatility and may lead to losses during market downturns.
It is, however, difficult to tell which fund will do better than the other as there is no clear way of doing so. However, the on two simple ways to achieve this is through the provision of low-cost funds. Also, the fund managers should invest alongside the investors in their own funds to ensure that the fund managers develop a well-benchmarked model that guarantees good returns.
About Tim Armour
Tim Armour is the CEO of Capital Group, an American financial services firm. He joined the company in 1983 as a participant in the company’s Associates Program. He was then promoted to Equity Investment Analyst covering US service companies and Global Telecommunications. In 2015, he was appointed as Capital Group’s chairman. He is also the chairman and director of Capital Research & Management Company.
With his extensive management and investment experience, Tim has held other prestigious positions in different companies. He is a graduate of Middlebury College in Economics. Tim is currently based in Los Angeles.
About Tim Armour: medium.com/@timarmour