XA Equitable Life Insurance Company announced a partnership with The Wharton
School of the University of Pennsylvania establishing a program in retirement
planning for the company’s financial professionals. The At Retirement(SM)
Program is designed to enhance the in-depth understanding of the unique
challenges facing the 77 million baby boomers, who are currently near or in
retirement.
AXA Equitable chose 50 top financial professionals from its AXA Advisors retail
affiliate to participate in the inaugural session of this elite, week-long
program, designed specifically for the company by The Wharton School, which is
recognized worldwide for the academic strength of its business education
programs. Another 150 financial professionals from AXA Advisors will attend the
program in 2006.
"The scope of the Wharton program greatly enhances our knowledge and
capabilities for developing retirement strategies which address the many issues
consumers face today in retirement," said Bill Degnan, senior vice president and
head of AXA Equitable’s At Retirement(SM) unit.
Mr. Degnan continued, "Among the many powerful insights from Wharton are those
relating to understanding behavior. As consumers plan for a retirement that may
last as long as 30 years, it’s critically important that our financial
professionals understand boomers’ aspirations and lifestyle goals because they
significantly influence the approach and direction we take in developing our
retirement plans."
The Wharton Program includes 50 hours of intensive study taught by 10 Wharton
School faculty members. The program is led by Dr. Olivia Mitchell, the
International Foundation of Employee Benefit Plans Professor of Insurance and
Risk Management, and Executive Director of the Pension Research Council at The
Wharton School. Topics covered include:
* Understanding the Retirement Marketplace
* Identifying, Mitigating and Insuring Retirement Risks
* Qualified and Non-Qualified Plans and their Roles in Retirement Planning
* Medicare and Social Security — Dealing with Institutional Risk
* Asset Allocation and Diversification
* Real Estate in the Retirement Portfolio
* Estate Planning and Tax Issues in Retirement
"AXA Equitable and The Wharton School have developed an extraordinary program
focused on concepts and issues relevant to the retirement marketplace," said Dr.
Mitchell, the Academic Director for the program. "Selected on the basis of their
work in value and relationship management, participants will strengthen their
retirement risk-management and asset allocation techniques for their clients in
the future."
Dr. Mitchell continued, "The Wharton School is extraordinarily engaged with the
AXA Equitable leadership in linking top-notch financial sector producers and
academics, communicating ‘outside the box’ thought on financial strategy and
decision-making for the At Retirement(SM) marketplace."
"Offering this program to AXA Advisors financial professionals is part of our
company’s overall commitment to providing clients with some of the industry’s
most comprehensive and current advice on topics related to retirement finances,"
Mr. Degnan added. "The Wharton Program helps us further our mission to help the
baby boomers enter their retirement years with confidence."
About the Wharton School of the University of Pennsylvania
Founded in 1881 as the first collegiate business school, The Wharton School of
the University of Pennsylvania http://www.wharton.upenn.edu/ has approximately
4,600 undergraduate, MBA, and doctoral students, more than 8,000 participants in
its executive education programs annually, and an alumni network of more than
80,000 worldwide.
About AXA
AXA Equitable is a leading provider of life insurance, annuities and other
needs-based products and services for the financial services market. AXA
Advisors, LLC is a leading provider of financial services for consumers and
businesses, working with clients to help them define and meet their financial
goals. AXA Advisors and AXA Equitable are subsidiaries of AXA Financial, Inc.,
one of the premier U.S. organizations providing financial protection and wealth
management which had approximately $643.4 billion in assets under management as
of December 31, 2005. AXA Financial is a member of the global AXA Group.
Source: AXA Equitable
All of the above text is a press release provided by the quoted organization.
globalagingtimes.com accepts no responsibility for their accuracy.
;