SOURCE: SF Bay Area Insurance Agency

SF Bay Area Insurance Agency

November 16, 2011 12:25 ET

San Francisco Bay Area Insurance Agency of MassMutual Financial Group Opens New Palo Alto Office to Continue Focus on Asian-American Community

WALNUT CREEK, CA--(Marketwire - Nov 16, 2011) - The San Francisco Bay Area Insurance Agency LLC, a Massachusetts Mutual Life Insurance Company (MassMutual) General Agency, is opening a new Palo Alto office to continue and expand its focus on the Asian community. The grand opening of the new office is Friday, November 18 at 10AM. The Palo Alto location joins the firm's two other South Bay offices in Milpitas and Fremont which also service the Asian American community.

Rebecca Ye, senior vice president, leads the new office, coming over from Milpitas to guide the team in the Peninsula/Silicon Valley area. Ye will manage the eight financial professionals who are now in Palo Alto and plans to grow the team to 15 professionals over the next year.

"I have been working almost exclusively with the South Bay's Asian American community to provide financial services and from Palo Alto we will continue to work with wealthy clients and business owners to help them with all of their financial planning needs," said Ms. Ye. "It's very gratifying to be able to help families with financial analysis and strategies designed to meet their long-term needs."

"We are very happy to be opening a new Agency office on the Peninsula so we can continue our financial planning work with the vibrant Asian community in that area," said Robert Fakhimi, General Agent and CEO, San Francisco Bay Area Insurance Agency. "We have an excellent team of multi-cultural financial professionals who are smart and ambitious and are doing an outstanding job in the South Bay and we will only build on that in Palo Alto."

The Palo Alto office is located at 2483 East Bayshore Rd., Ste 202. The grand opening event is Friday, November 18 at 10AM.

The San Francisco Bay Area Insurance Agency is headquartered in Walnut Creek and has an office in San Francisco in addition to the three South Bay offices. The firm is actively seeking more interested professionals to join the South Bay team.

About the San Francisco Bay Area Insurance Agency LLC
With roots going back to 1891, the San Francisco Bay Area Insurance Agency LLC is a significant contributor to the local economy, as shown by the following figures about the San Francisco Bay Area Insurance Agency and its detached offices (as of December 31, 2010):

  • More than 36,000 policyholders and clients1
  • Managing over $863 Million in assets (including assets and certain external investment funds managed by MassMutual and its subsidiaries)
  • More than $5 billion in life insurance face amount in force2
  • Will return more than $8.3 million in dividends to its participating policyholders in 20103

Robert Fakhimi is CEO and Managing Partner of the San Francisco Bay Area Insurance Agency LLC. Recently named as one of the Bay Area's Best Places to Work, the agency is headquartered in Walnut Creek with branch offices in San Francisco, Fremont and Milpitas. Mr. Fakhimi can be reached at 888-803-3631, ext. 320 or by e-mailing him at Securities and investment advisory services offered through qualified registered representatives of MML Investors Services, member SIPC, Inc. 2121 N. California Blvd. Suite 395 Walnut Creek, CA 94596 (925) 979-2300.

About MassMutual

Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyholders. The company has a long history of financial strength and strong performance, and although dividends are not guaranteed, MassMutual has paid dividends to eligible participating policyholders every year since the 1860s. With whole life insurance as its foundation, MassMutual provides products to help meet the financial needs of clients, such as life insurance, disability income insurance, long term care insurance, retirement/401(k) plan services, and annuities. In addition, the company's strong and growing network of financial professionals helps clients make good financial decisions for the long-term.

MassMutual Financial Group is a marketing name for Massachusetts Mutual Life Insurance Company (MassMutual) and its affiliated companies and sales representatives. MassMutual is headquartered in Springfield, Massachusetts and its major affiliates include: Babson Capital Management LLC; Baring Asset Management Limited; Cornerstone Real Estate Advisers LLC; The First Mercantile Trust Company; MassMutual International LLC; MML Investors Services, LLC., member FINRA and SIPC; OppenheimerFunds, Inc.; and The MassMutual Trust Company, FSB.

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1 An insured, owner, or payer of a MassMutual policy or contract.
2 Amount of individual life insurance in force at the end of the period related to products issued by Massachusetts Mutual Life Insurance Company and its subsidiaries, C.M. Life Insurance Company and MML Baystate Life Insurance Company.
3 The amount of dividends to whole life policyholders in 2010.

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    Erica Zeidenberg