Chat with us, powered by LiveChat

What is First Investors Financial Services? A Comprehensive Look

An Overview of First Investors

First Investors Financial Services is a financial services company; that provides investment products and services to individuals and businesses. They offer a range of products, including mutual funds, annuities, life insurance policies, and more.

The company was founded way back in 1930 – so they’ve been around for a while. Their headquarters is located in Houston, Texas, and they have offices across the United States. First Investors is a subsidiary of Foresters Financial, which is a larger financial services organization.

- -

One thing that sets First Investors apart is their focus on working with a nationwide network of financial representatives. These reps meet with clients one-on-one to understand their financial goals and recommend suitable products and services. It’s kind of like having your own personal financial advisor, which can be really helpful for navigating the complex world of investments and financial planning.

First Investors’ Product Offerings

So, what exactly does First Investors offer? Let’s take a closer look at some of their main product lines:

Mutual Funds

First Investors has a pretty extensive lineup of mutual funds that cover various asset classes and investment styles. This includes equity funds (stocks), fixed-income funds (bonds), and even some specialty funds like their sector funds that focus on specific industries.

One unique aspect of their mutual funds is the availability of an automatic investment plan. This allows investors to automatically transfer money from their bank account into their mutual fund accounts on a regular schedule. It’s a convenient way to practice dollar-cost averaging and consistently invest over time.

- -


First Investors offers both fixed and variable annuities, which are long-term investment products that can provide a stream of income in retirement. Their variable annuities are tied to the performance of underlying investment portfolios, while fixed annuities provide a guaranteed interest rate.

Annuities can be a bit complex, with different fees, surrender charges, and tax implications to consider. But for some investors, they can be a useful tool for building a retirement income stream.

Life Insurance

In addition to investment products, First Investors also offers life insurance policies. This includes term life insurance, which provides coverage for a specific period, as well as permanent life insurance options like whole life and universal life.

Life insurance can serve dual purposes – providing financial protection for your loved ones if something happens to you, while also offering potential cash value accumulation over time (for permanent policies).

Working with First Investors Financial Representatives

As mentioned earlier, a key part of First Investors’ business model is their network of financial representatives who work directly with clients. These reps are not employees of the company, but rather independent contractors who are licensed to sell First Investors’ products.

- -

The idea is that by meeting with a local rep, you can get personalized financial advice and guidance tailored to your specific situation and goals. Your rep can help you understand the different product options, make recommendations, and assist with things like account setup and ongoing portfolio management.

Of course, working with a financial rep isn’t for everyone. Some investors prefer a more hands-off, DIY approach or may not want to pay the additional fees that often come with using a rep. But for those who value that personal touch and professional guidance, First Investors’ rep model could be appealing.

Finding and Vetting a First Investors Rep

If you’re interested in working with a First Investors financial representative, the first step is finding one in your area. The company has a rep locator tool on their website that allows you to search by zip code.

- -

Once you’ve identified some potential reps, it’s a good idea to do your due diligence and vet them thoroughly. A few things to look into:

  • Their background and experience in the financial industry
  • Any certifications or designations they hold (like CFP, ChFC, etc.)
  • Their disclosure history and any disciplinary actions or complaints
  • How they are compensated (commission, fee-based, etc.)
  • Their investment philosophy and typical client profile

You may also want to read online reviews and check sites like BrokerCheck to get a sense of their professional history and conduct.

It’s perfectly reasonable to interview multiple reps before deciding who to work with. At the end of the day, you want to feel confident that your rep has your best interests in mind and will provide ethical, competent guidance.

The Pros and Cons of First Investors

Like any financial services company, First Investors has its strengths and weaknesses. Here’s a quick rundown of some potential pros and cons to consider:


  • Long history and established brand name
  • Wide range of investment and insurance products
  • Access to personalized advice from financial reps
  • Automatic investment plan for mutual funds
  • Variety of mutual fund options across asset classes


  • Products may have higher fees compared to DIY options
  • Limited banking services beyond investments/insurance
  • Potential conflicts of interest with commission-based reps
  • Some complaints about aggressive sales tactics by reps
  • Limited digital/online capabilities compared to newer fintechs

As with any important financial decision, it’s wise to carefully weigh the pros and cons based on your specific needs and preferences. What works for one investor may not be the best fit for another.

Understanding the Regulations and Compliance Requirements

Because First Investors deals in regulated products like investments and insurance, the company (and its representatives) have to follow a bunch of rules and regulations. These are put in place to protect consumers and ensure proper disclosure, suitability, and ethical conduct.

Some of the key regulations and compliance areas that are relevant for First Investors include:


The Financial Industry Regulatory Authority (FINRA) is a self-regulatory organization that oversees broker-dealers and their registered representatives. Since First Investors reps sell investment products, they have to follow <a href=””>FINRA’s rules</a> around things like:

  • Suitability standards for investment recommendations
  • Disclosures about fees, risks, and potential conflicts
  • Advertising and marketing practices
  • Continuing education requirements
  • Reporting disciplinary actions or complaints

State Insurance Regulations

For their insurance product lines, First Investors and its reps also need to comply with regulations at the state level. Each state has an insurance department that oversees licensing, sales practices, policy provisions, and consumer protection measures related to insurance.

SEC and ERISA Rules

Depending on the types of clients and accounts they work with, First Investors reps may also need to follow rules from the Securities and Exchange Commission (SEC) and the Employee Retirement Income Security Act (ERISA). These govern areas like:

  • Fiduciary duties for retirement accounts
  • Required disclosures for investment advice
  • Custody and safekeeping of client assets
  • Anti-money laundering and fraud prevention

It’s a lot to keep track of, but having these regulations in place is meant to uphold standards and protect investors’ interests when working with financial professionals.

First Investors vs. Other Financial Services Firms

Of course, First Investors isn’t the only game in town when it comes to financial services providers. They face competition from a range of other companies, including:

  • Full-service investment firms and brokerages
  • Independent financial advisors and planners
  • Robo-advisors and online investment platforms
  • Banks and credit unions with investment/insurance arms
  • Insurance companies offering annuities and life policies

So how does First Investors stack up against some of these alternatives? It really depends on what an investor is looking for and prioritizing. Some potential differentiators for First Investors include:

  • Their focus on mutual funds and insurance vs. being a full-service brokerage
  • The personalized advice model through their rep network
  • Availability of an automatic investment plan for mutual funds
  • Lack of proprietary banking/lending products and services

For investors who want that personal touch and are comfortable with a more mutual fund/insurance-centric approach, First Investors could be a good fit. But those looking for a wider range of products, digital capabilities, or lower-cost options may prefer other types of firms.

At the end of the day, there’s no one-size-fits-all “best” financial services provider. It comes down to evaluating your specific needs and finding the company (and potentially a financial rep) that aligns well with your goals, preferences, and overall situation.

Final Thoughts on First Investors Financial Services

So there you have it – a comprehensive overview of First Investors Financial Services, their products and services, how they operate, and some key considerations to keep in mind.

As with any important financial decision, it’s crucial to do your homework and carefully evaluate whether First Investors is the right fit for your needs. Their focus on mutual funds, annuities, and insurance – combined with their personalized rep model – may appeal to some investors. But others may prefer different types of firms or a more hands-off, DIY approach.

If you do decide to work with First Investors, be sure to thoroughly vet any financial representatives you’re considering and understand all the fees, risks, and fine print involved with their products. Don’t be afraid to ask lots of questions and get clarity before moving forward.

At the end of the day, managing your finances and investments is a highly personal matter. The “best” solution is the one that aligns with your specific goals, risk tolerance, and overall financial situation. With some due diligence and an open mind, you can find the right path forward – whether that’s with First Investors or another provider entirely.

Delancey Street is here for you

Our team is available always to help you. Regardless of whether you need advice, or just want to run a scenario by us. We take pride in the fact our team loves working with our clients - and truly cares about their financial and mental wellbeing.

"Super fast, and super courteous, Delancey Street is amazing"
$500,000 MCA Restructured Over 3 Years
"Thanks for helping me in literally 24 hours"
$250,000 SBA Loan Offer in Compromise
"Great choice for business owners who need a trustworthy partner"
$350,000 MCA Restructured Over 2 Years

In The Media

Delancey Street CEO discusses ways to reward employees
Delancey Street CEO discusses the benefits of franchising on Forbes.
Delancey Street CEO discusses management on AMEX.
How to Lower Your Monthly Auto Loan Payment

How to Lower Your Monthly Auto Loan Payment A high…

Boston Merchant Cash Advance Attorney

Boston Merchant Cash Advance Attorney Getting a merchant cash advance…

How To Get Out Of A Merchant Cash Advance – MCA Debt Relief

How to Get Out of a Merchant Cash Advance So…

Getting Free Help with Your Student Loans is Incredibly Easy

Getting Free Help with Your Student Loans is Incredibly Easy…

6 Signs Your Future Spouse Is Bad With Money

  6 Signs Your Future Spouse Is Bad With Money…

Delancey Street simply gets it. You're talking to experts.
Steven Norris
Get Help Today

Ready To Get Started?

If you have questions, feel free to shoot us an email, or fill out our live chat.

Schedule Consultation