|
|
|
| |
| Additional information |
| |
| First Investors Corporation |
| |
| |
Mission statement:
At First Investors we seek to enhance the lives of our clients and their families by helping them reach their financial goals, offering a wide array of competitive financial products and services supported by world-class client service. |
|
 |
|
Overview:
Since its founding in 1930, First Investors has followed the guiding principle of personal service connecting "Main Street to Wall Street" by helping individual investors and everyday families reach their financial goals through its nationwide network of registered representatives. Offering a competitive array of financial products and services including mutual funds, annuities, and life insurance, there were just a handful of financial services firms when we first opened our doors more than 80 years ago. In fact, First Investors was one of the original companies to offer mutual funds in the United States. Today, we are a recognized leader in the financial services industry serving the broad middle market with more than 550 financial services representatives in offices across 26 states.
Foresters™, our parent organization, is an international life insurance provider with more than one million members in Canada, the United States and the United Kingdom. First Investors and Foresters have a shared purpose of enriching the lives of its clients, their families and communities through competitive financial products, unique member benefits1 and inspiring community-building activities.
1 Foresters member benefits are non-contractual and available to eligible insureds under Foresters certificates.
Foresters is the trade name and a trademark of The Independent Order of Foresters ("Foresters"), a fraternal benefit society. Its subsidiary, First Investors Consolidated Corporation ("First Investors") is licensed to use this mark. First Investors Corporation and First Investors Advisory Services, LLC, are subsidiaries of First Investors Consolidated Corporation. All securities products are offered through First Investors Corporation. Investment advisory services are offered through First Investors Advisory Services, LLC. |
|
|
|
History:
Foresters and First Investors have more than 220 years of combined experience serving the financial needs of their clients and constituents. Here is a look at the highlights of how both have evolved over the years to finally come together.
1874:
On June 17, the Independent Order of Foresters ("IOF") is founded as a fraternal benefit society in Newark, New Jersey.
1875:
The IOF is introduced in Canada.
1889:
The Supreme Court of the IOF is incorporated through a Special Act of the Canadian Parliament.
1891:
The first IOF Court (branch) in Great Britain (Liverpool) is founded.
1895:
The 12-story Foresters Temple Building is erected in Toronto, Ontario; the tallest structure in the British Empire.
1906:
Foresters grows to 257,000 members, $11 million in surplus and becomes one of the world's largest fraternal benefit societies: the IOF Orphan Home is established near Ottawa for the purpose of clothing, feeding and educating Foresters orphans, while a devastating earthquake in San Francisco, California, marks the emergence of Foresters philanthropic activities.
1910:
The IOF opens its first tuberculosis sanatorium at Rainbow Lake, New York, and soon after, a second one in Lopez Canyon, Los Angeles, California.
1930:
In the midst of the Great Depression, Financial Independence Founders—later renamed "First Investors"—is established. The New York-based firm is one of the first in America to offer mutual fund products catering to individual investors with the philosophy: "You don't have to be wealthy to invest with us."
1940:
Foresters develops new insurance products and a new competitive sales team emerges: the "modern field force."
1948:
Financial Independence Founders changes its name to: First Investors Corporation.
1962:
First Investors Life Insurance Company is formed.
1965:
A new headquarters, called "Foresters House," is erected in Don Mills, Ontario (Toronto).
1974:
Foresters celebrates its 100th anniversary, and enters a new era of fundraising activity, centered on programs and events that support the prevention of child abuse.
1977:
The groundbreaking First Investors Tax Exempt Income Fund is launched as the industry's first open-ended municipal bond fund whose bonds are insured as to timely payment of interest and principal.
1981:
First Investors assets under management tops the $1 billion mark.
1990:
Foresters becomes a supporter of the Children's Miracle Network®, a non-profit organization that raises funds and awareness for children's hospitals across North America.
2002:
Foresters U.K. establishes a partnership with Association of Children's Hospices, which brings together more than 40 children's hospices throughout the U.K.
2009:
Foresters celebrates its 135th anniversary, having recently acquired Unity Life of Canada.
2010:
First Investors celebrates its 80th anniversary. The firm's founding philosophy still remains true: "You don't have to be wealthy to invest with us." Assets under management reaches $7 billion.
2011:
First Investors becomes a subsidiary of Foresters, based in Toronto, Canada with offices in the U.K.; that year Foresters announces a $7 million partnership with non-profit KaBOOM! to build more than 100 new playgrounds across the U.S. and Canada as part of their community-building initiative, and partners with Ronald McDonald House Charities®1 in support of families.
2012:
Foresters unveils its new brand and redesigned website, while First Investors unveils its new redesigned website and updated logo, signifying the acquisition.
1 Ronald McDonald House Charities, RMHC, Ronald McDonald House, Ronald McDonald Family Room, and Ronald McDonald Care Mobile are all registered trademarks of McDonald's Corporation or its affiliates and are used with permission. |
|
|
|
|
|
|
|
 |
|
 |
|
|
