Northwestern Mutual Expands Presence in New York Metropolis | information
MILWAUKEE, February 17, 2021 / PRNewswire / – Northwestern Mutual, a financial security firm focused on comprehensive financial planning for both insurance and investment, announces the opening of two new offices within the company New York City Area in Harlem and Cedarhurst.
“This exciting expansion is an opportunity to provide financial planning solutions for historically underserved communities,” he said Tim Gerend, Chief Distribution Officer of Northwestern Mutual. “We look forward to building deep community relationships in both Harlem and Harlem Cedarhurst – Providing meaningful financial advice to clients and providing rewarding career opportunities for current and future advisors. “
Financial advisor Anthony Williams will oversee the Harlem office, comprised of multiple finance professionals who grew up in the neighborhood or near the United States Bronx. The group plans to use their understanding of local residents to identify financial education and support opportunities for businesses belonging to Black, Latinx, and other historically underrepresented groups. As the team works to expand its presence in the region, it will focus on recruiting efforts locally and within historically black colleges and universities.
Financial advisor Moshe Alpert will lead Cedarhurst Office in the predominantly Orthodox Jewish community of Five Towns Long Island.
Williams and Alpert will work closely with Managing Partner Steve Abbass, who has worked with Northwestern Mutual’s new Distribution Growth Ventures group to identify opportunities in Harlem and Cedarhurst. Northwestern Mutual Distribution Growth Ventures is focused on subdued market expansion, competitive recruiting, and other innovations in the company’s distribution system.
About Northwestern Mutual
Northwestern Mutual has been helping people and businesses achieve financial security for more than 160 years. Through a holistic approach to planning, Northwestern Mutual combines the expertise of its finance professionals with a personalized digital experience and industry leading products to help its clients plan the most important tasks. With $ 290.3 Total assets in the billions, $ 29.9 Billions in revenue and $ 1.9 Northwestern Mutual provides trillion worth of life insurance coverage to more than 4.6 million people with life, disability income and long-term care insurance, annuities, and brokerage and advisory services. The company manages more than $ 161 billion investments owned by its clients that are held or managed through their asset management and investment services businesses. Northwestern Mutual is ranked 102nd in the FORTUNE 500 2020 and will be recognized by FORTUNE® as one of the world’s most admired life insurance companies in 2021.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company (NM) and its affiliates in Milwaukee, WI. Subsidiaries belong Northwestern Mutual Investment Services, LLC (Investment Brokerage Services), broker-dealer, registered investment advisor, member of FINRA and SIPC; Northwestern Mutual Wealth Management Company® (investment advisory and fiduciary services), a federal savings bank; and Northwestern Long Term Care Insurance Company.
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SOURCE Northwestern Mutual