Press Releases for First Investors Corporation
First Investors Corporation: Annual Sales Convention Held At El Conquistador Resort
New York, NY, July 3, 2009 - First Investors' top representatives and managers gathered at the annual Cloud Club Convention, June 25-28 at the El Conquistador Resort in Fajardo, Puerto Rico.
For the First Investors sales organization, attendance at the Convention is perhaps the most anticipated reward each year. Representatives and managers have to meet set production goals in order to attend.*
First Investors Encourages Clients to "Shore Up" Their Savings This Summer
New York, NY, June 10, 2009 - It's summertime, which means more hours of daylight, higher temperatures, cooking on the barbeque and trips to the beach. This summer, First Investors Corporation is also encouraging clients to "shore up" their savings and investment accounts by making regular contributions.
Signing up for automated investing is one easy way to add to savings and investment accounts on a regular basis. Investors who choose this option know that even when they're on vacation, their money is at work.
First Investors Corporation: 2009 First Investors Chairman's Council Announced
New York, NY, June 3, 2009 - First Investors Corporation recently announced the members of the 2009 First Investors Chairman's Council. The 25 members were determined by their performance rankings for 2008-09.
The First Investors Chairman's Council is an exclusive group of top performers. This year, Gregory Steinmetz claimed the title of President of the 2009 Chairman's Council, repeating his superb performance from 2007-08. Rounding out the top three were Executive Vice President Patrick Sciarra and First Vice President Carrie Mullins.
First Investors Life Rolls Out Updated Term Life Insurance
New York, NY, May 28, 2009 - On June 1, 2009, First Investors Life is unveiling an updated version of its Level Term Life Insurance product.
The updated First Investors Life Level Term product offers new features and benefits. A new underwriting category, Preferred Plus, has been added, which gives the most insurable candidates the opportunity to benefit from First Investors Life's best term premium rates. Those purchasing a policy with a face amount over $250,000 will also benefit from even lower rates. Overall, the re-priced First Investors Life Level Term product offers generally lower premiums across nearly all age and underwriting categories. Finally, the 20-year term policy has extended its issue age to 60, meaning more people can enjoy the benefits of First Investors Life Level Term.
First Investors Corporation: First Investors National Tax Exempt Funds Are Reviewed in Kiplinger's Personal Finance Magazine
New York, NY, May 20, 2009 - The First Investors Insured Tax Exempt Fund II (EIITX) and the First Investors Insured Tax Exempt Fund (FITAX) were ranked first and fifth, respectively, in the long-term municipal bond fund category in the May issue of Kiplinger's Personal Finance magazine.
Kiplinger's ranked the funds based on one-year total return through March 6, 2009. Total return assumed reinvestment of all dividends and capital gains, and reflected ongoing expenses but not sales charges.
First Investors Offices Across the Country are Hiring Financial Services Representatives
New York, NY, May 13, 2009 - First Investors Corporation is looking for smart, highly motivated individuals to join its team. Recent college graduates are especially encouraged to apply.
Amid a severe recession and stock market slump, this might not seem like the ideal time to embark on a career in financial services. However, tough times create opportunities for dedicated, hard-working individuals. First Investors is a privately held, conservative company in that it focuses on a long-term, disciplined approach to investing. When it comes to building its business, First Investors relies on positive referrals and word-of-mouth. The Company believes this is the best way to serve and retain its clients.
First Investors Life Introduces FIRST ADVANTAGE, A New Fixed Deferred Annuity
New York, NY, May 6, 2009 - First Investors Life Insurance Company is proud to introduce FIRST ADVANTAGE, a flexible premium fixed deferred annuity.
The FIRST ADVANTAGE annuity from First Investors Life is designed for those who want both growth and safety for their retirement savings, as well as the opportunity to establish a safety net of guaranteed retirement income.
First Investors Announces New Subadviser
New York, NY, April 29, 2009 - First Investors is pleased to announce that Muzinich & Co., Inc. ("Muzinich") is now serving as the investment subadviser of the First Investors Fund For Income and the First Investors Life Series High Yield Fund.
On April 23, 2009, the Board of Trustees of the First Investors Income Funds and Life Series Funds approved an agreement under which Muzinich will serve as subadviser for the Fund For Income and the Life Series High Yield Fund. Muzinich assumed day-to-day management of these funds on April 24, 2009. The Funds will continue to primarily invest in high yield, below investment grade corporate bonds.
First Investors Opens New Salt Lake City Office
New York, NY, April 22, 2009 - First Investors has opened a new office in Sandy, Utah, a suburb of Salt Lake City. Heading up the new office is Division Manager Travis Johanson.
First Investors is always looking to expand into new markets, and this will be its first office in Utah. A Sandy native, it was Johanson's decision to open his new office here, just blocks from where he grew up and went to high school. He says, "Ever since I started my career at First Investors, it has been my goal to open an office in the Salt Lake City area. I think the First Investors approach to investing-which is disciplined and long-term focused-matches well with the needs of the community, and the people who are looking to save for retirement or build a college fund."
Spring 2009 Issue of First Investors Insights Now Available
New York, NY, April 15, 2009 - First Investors just released the Spring 2009 issue of First Investors Insights.
First Investors Insights is a semi-annual newsletter that is mailed with clients' account statements. It is also available on www.firstinvestors.com under the header, "Information Center."
Frank Patton Promoted to Division Manager of the First Investors Lexington Office
New York, NY, April 8, 2009 - First Investors is pleased to announce the promotion of Frank Patton to the position of Division Manager of the Lexington, Kentucky sales office. The promotion took effect February 2, 2009.
A graduate of Western Kentucky University, Frank Patton has been with First Investors since 2001, when he signed on as a financial services representative. Thus far, his transition into management has been a smooth one. Patton says, "We had a good system in place at the Lexington office, and I've wanted to continue that momentum."
First Investors Special Situations Fund Is Top-Ten In Wall Street Journal Rankings
New York, NY, March 31, 2009 - The First Investors Special Situations Fund (FISSX) was ranked eighth in the Small-Cap Value category by The Wall Street Journal.
The Wall Street Journal ranked the top-performing funds in 16 different categories, ranked by year-to-date total returns as of February 27, 2009. Total return was measured as the change in net asset value with reinvested distributions.
First Investors Encourages Investors to Plant the Seeds for their Financial Futures
New York, NY, March 25, 2009 - This spring, First Investors is using gardening as a metaphor to encourage clients to "grow" their portfolios.
First Investors believes the fundamentals of saving and investing are not unlike those of gardening. If an investor wants his or her portfolio to have the potential to grow and bear fruit in the future, he or she needs to plant the seeds today.
Patrick Sciarra Seeks To Reclaim Top Spot On The First Investors Chairman's Council
New York, NY, March 18, 2009 - Although he has several weeks left until the final tally on April 24, Patrick Sciarra looks strong in the First Investors' performance rankings for 2008-09.
Since beginning his career with First Investors in 1985, Pat Sciarra has become one of the most respected and admired representatives in the Company's history. His remarkable success is directly attributed to his ability to help his clients achieve their financial goals by making investment recommendations suitable to their needs.
First Investors Encourages Clients to Contribute to Their IRAs
New York, NY, March 11, 2009 - Income tax returns are due shortly, but many investors may still have a chance to take one more deduction.
Americans have until filing day-April 15, 2009-to contribute to their Traditional IRAs and potentially claim a deduction on their 2008 tax returns. The contribution limit for tax year 2008 is $5,000-and investors age 50 or older are also eligible to make an additional "catch-up" contribution of $1,000.
First Investors Included in Barron's Annual Fund Ranking Survey
New York, NY, March 2, 2009 - First Investors placed 14th out of the 59 fund families in Barron's annual fund ranking survey for 2009. Published in conjunction with Lipper, the survey is based on 2008's results.
As in the past, Barron's has segmented the universe of funds into five categories: U.S. Equity (48.6%), World Equity (18.0%), Balanced (15.5%), Taxable Bond (15.0%), and Tax-Exempt Bond (3.0%).
The Leaders of First Investors to Gather at the 2009 Managers' Conference
New York, NY, February 24, 2009 - The 2009 First Investors Managers' Conference will take place March 4 - 5, 2009 at the Sheraton Hotel Raritan Center in Edison, New Jersey.
The annual gathering brings together nearly 100 sales managers from First Investors' 50 offices across the country. During the two-day educational conference, First Investors managers will attend panels and workshops on a variety of subjects. A wide range of topics will be covered at the 2009 First Investors Managers' Conference-from 403(b)s and life insurance to operational matters and regulatory developments.
Greg Steinmetz Seeks To Repeat As First Investors' Top Performer
New York, NY, February 19, 2009 - Although the qualifying period doesn't end until April 24, 2009, Greg Steinmetz is in the running to be First Investors' top performer for 2008-09. Greg has had an exceptional career with First Investors Corporation.
In the 2007-08 qualifying period, Greg earned the title of President of the First Investors Chairman's Council-the highest honor that can be achieved by a representative. This accomplishment was the result of many years of hard work and dedication. Greg had placed among the top three representatives in the First Investors Chairman's Council every year since its inception in 1999, but this was the first time he reached the top spot.
In the Spirit of Valentine's Day, First Investors Encourages Clients to Insure Their Love
New York, NY, February 4, 2009 - Valentine's Day is a time when many people's thoughts turn to love, and how to best express that love. First Investors believes the most meaningful, long-lasting present people can give their loved ones is not flowers or candy, or even diamonds. It's life insurance.
There's no better way to say, "I love you" than a gift that can help protect a family's future, even in the most unexpected of circumstances. Purchasing life insurance is truly a sign of selfless love. Proceeds from life insurance can be used to help preserve a family's standard of living, as well as cover outstanding debts, mortgage obligations and children's future educational costs should the policyholder pass away.
First Investors Celebrates National Save for Retirement Week
New York, NY, October 15, 2008 - Congress has declared October 19-25, 2008 to be National Save for Retirement Week. Currently, traditional sources of retirement income-such as corporate pensions and Social Security-are being called into question, while many costs, such as health care, are rising. This initiative reflects the need for Americans to take a more active approach in preparing for their own retirement.
"Now that many of the 79 million members of the Baby Boom generation are approaching retirement, the question about how retirees will support themselves in an era of dwindling pensions and rising health care costs has become a vital topic," says Robert M. Flanagan, President of First Investors Corporation. "Initiatives such as National Save for Retirement Week and the Pension Protection Act-which, among other things, allows employers to automatically enroll employees in a defined-contribution plan such as a 403(b)-are evidence that saving for retirement has become an issue of national importance."
First Investors Gears Up To Celebrate "Customer Service Week"
New York, NY, October 1, 2008 - First Investors is pleased to once again participate in Customer Service Week, a national effort to raise awareness of the valuable role that customer service plays in organizations. Customer Service Week will take place the week of October 6, 2008.
"To us, every week is Customer Service Week," said Kathryn S. Head, Chairman of First Investors Corporation. "For nearly 80 years, First Investors has placed an emphasis on serving the needs of our clients. Therefore, given the nature of our client-focused culture, it's important to us to celebrate Customer Service Week."
For the Fifth Straight Year, First Investors Celebrates Life Insurance Awareness Month
New York, NY, September 4, 2008 - First Investors has again joined forces with more than 100 companies and industry organizations to support Life Insurance Awareness Month (LIAM), a public awareness campaign initiated by the LIFE Foundation to educate Americans about the value of life insurance protection.
"We strongly believe in the importance of life insurance," said Kathryn S. Head, Chairman of First Investors Corporation. "Life insurance coverage is one of the best safeguards people can have for their financial future."
First Investors Helps Families Prepare for College
New York, NY, August 1, 2008 - It's that time again: Back to School. As thoughts turn to the classroom, First Investors is helping clients find ways to finance their children's higher education.
Many parents of young children are concerned about the costs of higher education. According to the College Board, average tuition and fees for in-state students at public four-year colleges and universities in 2007-08 were $6,185-that's 6.6% higher than they were in 2006-07. Average total charges, including tuition and fees and room and board, were $13,589-that's 5.9% higher than a year earlier. And total charges at a private four-year university could set a family back an average of $32,307 per year.
First Investors Supports National Financial Literacy Month
New York, NY, April 22, 2008 - April is National Financial Literacy Month, and First Investors is reaching out to educate its clients on important financial issues.
With many Americans overburdened by debt, questions swirling about Social Security, and pensions on the wane, there's more apprehension than ever about savings and preparing for retirement. Yet many individuals remain uninformed about personal money management. In a 2007 study conducted on behalf of the Securities Industry and Financial Markets Association (SIFMA), a greater proportion of the population (44%) had watched NASCAR than had used a retirement calculator (28%).
First Investors Encourages Clients To Get a "Checkup"
New York, NY, January 2, 2008 - First Investors is encouraging all clients to get a financial "checkup." What is meant by a checkup is a meeting with a financial services representative to review one's current investments and life insurance coverage, and consider if changes are needed.
"Clients should periodically meet with their representatives to evaluate their financial strategy," said Robert M. Flanagan, President of First Investors Corporation. "With the New Year here, now's an excellent time to schedule that meeting."
First Investors To Host Conference For Top Managers
New York, NY, October 4, 2007 - First Investors will play host to the Company's leading sales managers at a conference slated for November 1 through November 4. The 2007 New Representative Development Conference will be held at the legendary Arizona Biltmore in Phoenix, Arizona.
The Conference will be attended by managers from across the country who met challenging standards for the training and development of new representatives. "We're looking forward to welcoming qualifiers to this exciting event," said Robert M. Flanagan, President of First Investors. "This Conference gives us the opportunity to pay tribute to our top managers in a wonderful setting."
First Investors Supports Customer Service Week
New York, NY, October 1, 2007 - First Investors is proud to support Customer Service Week, an international effort to raise awareness of the valuable role that customer service plays in organizations.
"The words 'First In Service' are more than just a slogan for all of us at First Investors," said Kathryn S. Head, Chairman of First Investors. "Since our founding in 1930, we've always sought to deliver the highest level of personalized service to all of our clients. With service deeply embedded in the fabric of our Company, it's a natural for us to participate in Customer Service Week."
First Investors Celebrates Life Insurance Awareness Month
New York, NY, September 4, 2007 - First Investors has joined forces with more than 100 companies and industry organizations to support Life Insurance Awareness Month, a comprehensive public awareness campaign designed to educate consumers about the value of life insurance protection.
First Investors Reopens the Insured Tax Exempt Fund
New York, NY, August 27, 2007 - First Investors has reopened the Insured Tax Exempt Fund (FITE) to new investors. FITE had been closed for several years except in cases of investments of $1 million or more.
"We're happy to make FITE available to all investors," said Kathryn S. Head, Chairman. "Now, clients have two national tax-exempt funds from which to choose."
First Investors Retools Its Mutual Fund Lineup
New York, NY, August 10, 2007 - To enhance its mutual fund product offerings, First Investors has made several changes to its fund lineup. Below is an outline of the changes:
Insured Tax Exempt Fund (FITE), which began operations in 1971, has reopened to new investors. FITE was closed to new investors (except in cases of investments of $1 million or more) for several years. Now, investors seeking a national tax-exempt fund have two funds from which to choose: FITE and FITE II. The Fund, which is managed by Clark Wagner, seeks a high level of interest income that is exempt from federal income tax and is not a tax preference item for purposes of the federal Alternative Minimum Tax ("AMT"), and, secondarily, total return.
First Investors' Headquarters Moves to 110 Wall Street
New York, NY, July 30, 2007 - First Investors' headquarters has relocated to 110 Wall Street in the heart of New York City's financial district. The Company now occupies the entire fourth floor and half of the fifth floor of this building.
"First Investors has been a part of the Wall Street community for many years, and we're happy that we could remain in this vibrant neighborhood," said Kathryn S. Head, Chairman.
First Investors Opens Office In Greater Los Angeles
New York, NY, June 25, 2007 - First Investors has opened its doors on a new sales office to serve clients in the Los Angeles area. The office will be co-managed by Stuart Johnson and Kristin Salinas Salvaggio.
"The opening of the Los Angeles office allows us to expand our presence on the west coast in order to meet the needs of our growing base of clients," said Robert M. Flanagan, President of First Investors. "We congratulate Stu and Kristin on their promotion and wish them well with their new responsibilities."
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