AXA Advisors

Mr. Parascandola’s Role

Vincent Parascandola, Senior Executive Vice President of AXA in New York, knows the game of multinational insurance like no other. He has worked in this unique field for over 26 years and is considered an expert by many. He began, like any successful man of business, with early and humble roots, moving his way up the corporate ladder with time, persistence and dedication to the cause.

Mr. Parascandola served as an employee of Mony Securities Corporation for over 14 years and then began to work for AXA in 2005. He owns two registered licenses through FINRA and the US Securities and Exchange Commission. He manages nearly 10 billion USD in assets.

AXA: A History

“The company was originally founded in 1816 as Mutuelle de L’assurance contre L’incendie (the Ancienne Mutuelle). It acquired Compagnie Parisienne de Garantie in 1978 and became Mutuelles Unies.[8] It went on to buy the Drouot Group in 1982, becoming Mutuelles Unies/Drouot. It adopted the AXA name in 1985.

Locations Served

AXA serves the greater regions of the UK and US, as well as Mexico, Canada, Asia Pacific, Africa and the Middle East. The Asia Pacific region hosts a number of different subsidiary names under parent company AXA. They include those of AXA Philippines in the Philippines, AXA Mandiri in Indonesia, AXA Affin General Insurance in Malaysia, ICBC-AXA Life and AXA Tian Ping in China, Bharti-AXA Life and Bharti-AXA General Insurance in India, AXA Direct Insurance in Japan and Krungthai-AXA Life Insurance in Thailand.


AXA funds 256 known research projects, and that number is only growing at a rapid pace. Next week, it may well change. These research projects have been introduced and put into effect in 22 countries already, with plans to further expand into other countries and their surrounding regions. The research staff in these countries is of 42 different races respectively. Ezra Suleiman heads the Scientific Board and allows for the research to continue in this current list of countries served. Philanthropic opportunity grows beyond AXA’s reach.

Dick DeVos’s Family Donates to the Victims of the Gay Bar Shooting

Dick DeVos is the son of the co-founder of Amway Corporation, Richard DeVos. Amway is a conglomerate network that distributes its personal care, households, and health products through a series of dealers, who in turn, employ second-level and third-level dealers to distribute the products down to the final consumer.


Dick DeVos career began at Amway Corporation where he held various positions mainly in the operating department. After a few years, he was promoted to Vice President as the company diversified its operation in 18 countries. The move to become the vice president was to allow him to gain operational experience outside the family-owned firm. In 1989, Dick DeVos left Amway to establish his own business venture, The Windquest Group. The company manufactured, marketed and sold closet and storage organizers.


Two years later, Richard appointed him to manage the National Basket Association’s Orlando Magic Basketball Franchise, which was earlier purchased by the family. While he did that, Richard took over the management operations of his company.


Later in 1993, he went back to Amway Corporation, succeeding his retiring father as the President of the company. At Amway, he oversaw a series of restructuring, established an umbrella firm and expanded the company’s operation to more than 50 countries in 6 continents.


At some point, Dick DeVos decided to quit as the President of Amway, to concentrate on his private venture, Windquest as well as support relevant political causes. In the process of supporting political ideas, Dick DeVos decided to run for governor’s position in the state of Michigan. The decision to enter politics was strategic as he was considered the richest man in Michigan. He, therefore, bankrolled his pursuit for the governorship, spending more than $40 million of his personal money for the campaign.


Dick DeVos is also a supporter of philanthropic causes. Recently, he and his professional basketball club, Orlando Magic donated $500,000 to help the families of victims of the mass shooting at the Pulse Nightclub. According to reports by, his family contributed $400,000 while Orlando Magic gave $100,000 to help families impacted by the death of 49 people inside the gay bar.