LITTLE FALLS, N.J., Jan. 14, 2014 /PRNewswire/ -- MassMutual General Agents Richard Nolan and George Koroghlian have announced the appointment of Dominick Iorio to the Lee, Nolan & Koroghlian LLC management team. The financial services firm is a general agency of Massachusetts Mutual Life Insurance Company (MassMutual).
Iorio, a 28-year financial services veteran with a passion for building and managing financial services offices within communities, will join the team as a general agent and will concentrate on helping the firm expand into a fourth location in Edison, NJ. Lee, Nolan & Koroghlian LLC currently have offices in Saddle Brook, Manhattan and Garden City, NY, serving over 39,000 clients.
"Dominick's experience building and shaping financial services teams to better serve families and small businesses in the New Jersey metro area is an exciting addition to our team," said Richard Nolan, the firm's most senior general agent.
Iorio plans to recruit new and experienced financial professionals to the new location. Edison residents who work in the busy New York City Metropolitan area will now have an opportunity to plan their financial lives in the comfort of their community.
"Edison has a great central location. There are a lot of professionals and small-business owners who will benefit from our help close to home," Iorio said. "We know many Americans remain underinsured and some business owners have not had the time to do proper planning. Our improved accessibility in Edison will help change that at the local level."
Iorio plans to concentrate on helping small businesses succeed in the Edison area as he believes small-business health is imperative for the well-being of the local economy.
"Helping small-business owners plan for a smooth succession and finding solutions with proper insurance and other long-term planning tools is vital for survival," said John Vaccaro, MassMutual senior vice president, Sales & Distribution. "Dom's experience of recruiting skilled professionals to provide such assistance is an asset to our team."
Most of the state's businesses are small, and nearly 76 percent of New Jersey businesses have fewer than 20 employees, according the federal government's Small Business Office of Advocacy's 2013 Small Business Profile.
Prior to joining MassMutual, Iorio worked for many years with MetLife, holding a variety of leadership roles with the company. He has earned numerous industry awards, including GAMA International's Master Agency Award Top 250 and GAMA's International Management Award Diamond Plus, both in 2013. He is a member of GAMA International and the National Association of Insurance and Financial Advisors (NAIFA). He and his wife, Lori, have two children: Nicolette, a 2013 graduate of Penn State University, and DJ (Dominick John), a senior at Purdue University. The family lives in Colts Neck, N.J.
Founded in 1851, MassMutual is a leading mutual life insurance company that is run for the benefit of its members and participating policyowners. 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 policyowners consistently 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.
*Securities, investment advisory and financial planning services offered through qualified registered representatives of MML Investors Services, LLC.
Patty Norris Lubold