If you are looking for a loan on equities, you might want to consider a few things first. Equities — that is, stocks and bonds that you own — have values that change all the time. As the market fluctuates, so do the values of your equities. Most, however, slowly rise in value, and if they are good investments, retain value and pay dividends as well.When you go to a lender to ask for a loan using these equities as collateral, they will eventually lend the money — only after certain conditions are met, which may take some time. They will give you a high interest rate, low loan to value ratio, and will want a business proposal drawn up to let them know how the funds will be used.
Why not just go to Equities First US, first? They are not interested in seeing your business proposal. What you do with the funds is of no interest to them, because the equities are collateral for the loan, not your plans for the business.Their interest rate is lower by several percentage points than conventional lenders, and they have a much higher loan to value ratio, as much as eighty per cent.
Conventional lenders are stagnated by rules, regulations, and policies. Equities First US is a private lender, so they don’t answer to governments or stockholders. They are responsible to you, their clients, and to themselves.When you are faced with an emergency situation and need funding right away, go see Equities First. There is a reason they have that name.
AXA Advisors is a French multinational insurance company that specializes in investment management, global insurance and other financial services. AXA has a remarkable brand value. Headquartered in the 8th arrondissement of Paris, AXA Advisors operates in Western Europe, Asia Pacific Region, North America, and Middle East. In addition, the company has presence in Africa. AXA Group has different firms, which are run independently and governed by the laws and regulations of different countries where they operate.
AXA, which is also a component of the Euro Stoxx 50 stock market index, was named the 2nd most powerful transnational company basing on ownership and company control over market competition and global financial stability. It was founded in 1816. Originally, it was known as Mutuelle de L’assurance contre L’incendie. AXA has ventured in several philanthropic initiatives. The company, through AXA Heart in action, invests in artistic and social initiatives. In 2008, the firm established AXA Research Fund with a goal of supporting research activities aimed at understanding and preventing risks that are a threat to the environment, human life and society. As of today, the AXA Research Fund has funded 256 research projects, which are implemented in 22 countries by researchers from 42 different nations.
About Vinny Parascandola
Vincent Parascandola is the senior vice president of AXA Advisors, LLC. He is in charge of the management development, sales, recruiting, productivity, retention and creating new financial professionals that are highly experienced. Vinny’s career started shinning at the early stages of his career. In Parascandola’s first job, he served as an agent in Prudential in 1987 earned him recognition as the Rookie of the Year. Vinny joined MONY Life Insurance Company in 1990 where he held several leadership roles before joining AXA Advisors in 2004.
With over 25 years of experience in the industry, Vinny Parascandola’s excellent management skills have seen him receive numerous awards, including GAMA’s Career Development awards and Master Agency Awards. He has spoken at many company and industry conferences, including LIMRA’s distribution conferences and GAMA’s national Lamp Meeting. Vinny Parascandola is an alumnus of Pace University where he earned his Bachelor of Science degree. When he returned to his alma mater, he gave a commencement speech to the graduating class of 2014.