The growth of AXA and the current Vice President, Vinny Parascandola

Planning for one’s retirement is one of the smartest moves one can make. Whether you will do it as an individual or for a business, it is important to enlist the help of reliable partners in the process. This is where competent companies like AXA advisors come in to help. They have been in operation for the last 200 years and they have even been listed as one of the most powerful trans-nationals in the country. They are a component of the Euro Stoxx50 Stock market and have a strong presence in the Asia Pacific, Europe, The Middle East and also Africa.

How the name AXA came to be

When the company was founded in 1816, it went under the name of the Ancienne Mutuelle. A few years after the establishment of the company, they acquired Compagnie Parisienne de Garantie and changed their name to Mutuelles Unies. The company also acquired the Druout group and later changed their name to AXA. They have acquired many other insurance companies during the time that they have been in operation including the Sun&Life and Provincial Holdings, the Guardian Royal exchange and UAP insurance. Last year, the company announced that they would be stopping their investment in Tobacco shares and allowing their entire portfolio in goods that are related to tobacco to run off.

The reason behind the name AXA wasn’t to create an acronym. The name was simply chosen because it is easy to pronounce in any language. The name was also strategically chosen because from the start, they knew that they wanted to be an international brand and needed a quick to pronounce name.

About Vinny Parascandola

Vinny Parascandola is the current vice president of AXA. He has been working with AXA advisors since 2004 and has more than 25 years of experience in the financial and investment industry. He started off his career as a rookie in 1987 where he was named the National Rookie of the Year while working with Prudential.

Vincent is greatly recognized for his leadership and has won many awards for his exemplary performance. He is widely sought for as a speaker and gives many motivational talks on investing and wealth management. For more information on him, refer to his Linked In and WalletHub profile.