May 22, 2017
NEW YORK – Karr Barth Associates, Inc., an industry leader in providing financial products and services to families, businesses, and major corporations, announces the celebration of its 50th anniversary. As one of over 145 U.S. branch and district offices of AXA Advisors, LLC, Karr Barth has been a fixture in the Greater Philadelphia region since 1967, and is guided by its rich history in the community to make a difference in the lives of others.
“I could not be more proud to congratulate the outstanding leaders and team at Karr Barth Associates – our Philadelphia branch office – on its 50 years of success in the wealth management industry,” said David Karr, Chairman of AXA Advisors. “I started my career at Karr Barth as an intern, and learned the business from the ground up under the tutelage of my father, George W. Karr, Jr., who founded the firm with Robert Barth. I am proud of the solid foundation and strong legacy he passed along as an industry-leader in the preservation of wealth.”
The firm originated in 1967, when Karr Jr. was tapped by AXA Equitable, then known as The Equitable Life Assurance Society of the U.S., to establish a new office in Philadelphia; he later joined with Barth to form Karr Barth Associates in 1974. The two achieved success by developing a cadre of support and resources for financial professionals and stakeholders – including first-of-its-kind training on executive benefits and estate planning strategies, access to advanced underwriters, and early adoption of innovative technology – to provide customers with top-notch products and services. While he retired from management in 1994, Karr continues to remain active in the company today.
Since opening its doors a half-century ago, the firm has grown to include office locations in Bala Cynwyd, Bethlehem, and Lancaster, Pa., and Cherry Hill, N.J., as well as a recent association with Firstrust Financial Resources in Center City, Philadelphia. Today, the company employs over 400 financial professionals and associates responsible for helping over 120,000 households in the region and across the country to work towards their financial goals. Today, services include asset accumulation, income protection, education funding, estate planning strategies and wealth preservation strategies.
“From the very beginning, Karr Barth has been an industry trailblazer, but one of the greatest differentiators has been our drive to truly understand and adapt to serve the needs of our valued clients,” said Timothy Maguire, chairman of Karr Barth, who started his career with AXA Advisors in 1990. “Our team – from the highest levels of experienced financial professionals down to the support staff, who are some of the best in the business – takes to heart the notion that we are here to make a difference in the lives of others. Whether it’s helping clients through critical financial phases in their lives, adapting to use the latest technology in the industry, training new leaders for the future, or connecting with the needs of the community around us – we really just want to help others. It’s at the core of all we do at Karr Barth.”
Community involvement is part of the fabric of Karr Barth, and the firm operates with the belief that service to the community gives a better understanding of how to meet their needs. Employees have donated time and money to hundreds of local charitable and philanthropic organizations over the years. Recent philanthropy has focused on the firm’s annual involvement with events that benefit the Cancer Center at the Children's Hospital of Philadelphia; the team has raised over $100,000 over the past three years. And since 2008, semi-annual blood drives for the American Red Cross have donated 328 pints of blood, saving up to 984 lives. Additionally, Karr Barth continues to serve as a corporate sponsor for the Anti-Defamation League and has partnered with Living Beyond Breast Cancer, an organization that raises awareness and funds for the disease.
“As we look to Karr Barth’s next 50 years, we hope to continue to build on being an advocate for our clients, helping them to navigate current and future decisions, interpret opportunities and assist them in solving their problems quickly, through our unique and personalized customer experience, as we provide our financial professionals with the superior tools, technology, and resources they need to succeed,” said Maguire.
“AXA” “AXA” is a brand name of AXA Equitable Financial Services, LLC and its family of companies, including AXA Equitable Life Insurance Company (NY, NY), MONY Life Insurance Company of America (AZ stock company, administrative office: Jersey City, NJ), AXA Advisors, LLC, and AXA Distributors, LLC. In business since 1859, AXA Equitable Life Insurance Company is a leading financial protection company and one of the nation’s premier providers of life insurance and annuity products distributed to individuals and business owners through its retail distribution channel, AXA Advisors, LLC (member FINRA, SIPC) and to the financial services market through its wholesale distribution channel, AXA Distributors, LLC (member FINRA, SIPC).
Securities offered through AXA Advisors, LLC (NY, NY 212-314-4600), member FINRA, SIPC. Investment advisory products and services offered through AXA Advisors, LLC, an investment advisor registered with the SEC. Annuity and insurance products offered through AXA Network, LLC (AXA Network Insurance Agency of California, LLC.)
Karr Barth Associates is not a registered investment advisor and is not owned or operated by AXA Advisors or AXA Network.