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Foresters Financial Honors Michael Panarello as 2016 Chairman’s Council Member

  • May 16, 2016

New York, NY, May 16, 2016 — Michael Panarello was inducted as a member of the 2016 Foresters Financial™ Chairman’s Council—the highest honor awarded annually to its top Representatives—during the firm’s annual Convention and Awards Gala held on May 6 in Marbella, Spain.

In 2016, Michael Panarello attained the title of Senior Vice President of the Chairman’s Council. As a result of Michael’s hard work and dedication, he has been a member of the Council every year since 2004, representing 13 years of success at the highest level.

“I would like to congratulate Michael Panarello for his induction in this year’s Chairman’s Council at the rank of Senior Vice President,” said Larry Noyes, President of Foresters Financial Services, Inc. “Michael’s consistency and track record of success is truly remarkable. His commitment to excellence is what helps drive the success of our business through the strength of the relationships that he builds and maintains with his clients. I commend him on a job well done.”

Michael credits his many career accomplishments to his focus on personal responsibility. "I am dedicated to my clients," he said, "and doing whatever I can to help them achieve their financial goals."

 
Foresters Financial Services, Inc. currently employs more than 600 Representatives in 42 offices across the United States. Of that total, only 16 Foresters Financial Representatives qualified for election into this year’s Council and are considered the firm’s “best of the best.”

 

* Qualification for the Foresters Financial Chairman's Council, Chairman's Circle and other recognition programs and honorary titles (such as President, Vice President, etc.) are based on sales of investment and/or insurance products.

 

About Foresters Financial Holding Company, Inc. (formerly First Investors)
Foresters Financial Holding Company, Inc. (formerly First Investors) consists of a group of diversified financial services companies that include a registered broker-dealer, an investment adviser, a life insurance company and a transfer agent. Foresters Financial Services, Inc., a broker-dealer, helps everyday families reach their financial goals by offering solutions and guidance through its network of financial representatives working in 42 branch offices across the United States. Foresters Investment Management Company, Inc. is the investment adviser to the First Investors family of funds, which had nearly $11 billion in total assets under management as of March 31, 2016. Foresters Life Insurance and Annuity Company, Inc., a New York domiciled insurance company, offers a range of insurance and annuity products and maintains an “A” (Excellent) rating by A.M. Best1. forestersfinancial.com

 

About Foresters
Foresters is an international financial services provider with more than three million clients and members in Canada, the United States and the United Kingdom. We provide life insurance, savings, retirement and investment solutions that help families achieve their financial goals and make a lasting difference in their lives and communities. Foresters has assets of almost $14 billion, total funds under management of $34 billion and a surplus of $2.3 billion (all figures in Canadian dollars as of December 31, 2015) and maintains an "A" (Excellent) rating by A.M. Best¹. For more information, visit foresters.com.

 

Foresters Financial™ and Foresters™ are the trade names and trademarks of The Independent Order of Foresters, a fraternal benefit society, 789 Don Mills Road, Toronto, Canada M3C 1T9 and its subsidiaries, including Foresters Financial Holding Company, Inc. (FFHC). Foresters Financial Services, Inc. is a registered broker-dealer and subsidiary of FFHC. Securities, life insurance and annuity products are offered through Foresters Financial Services, Inc. Insurance products are issued by Foresters Life Insurance and Annuity Company, New York, or The Independent Order of Foresters.

 

¹ An "A" (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. In assigning Foresters rating on July 1, 2015, A.M. Best stated that the rating outlook is "stable", which means it is unlikely to change in the near future. See ambest.com for our latest rating.

 

 

 

 

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