Northwestern Mutual Annual Meeting Draws 10,000 TO Milwaukee Venues
Annual event for Milwaukee-based financial security company to pump about $12.9 million into local economy
MILWAUKEE — July 17, 2014— Northwestern Mutual will hold its 134th Annual Meeting of the Association of Network Representatives in Milwaukee on July 19-23, 2014. The event will draw 10,000 people from across the country, comprising members of Northwestern Mutual and their families. The company’s Annual Meeting will have an estimated economic impact of approximately $12.9 million* for the local economy and occupy about 13,819 hotel room nights.
“We are thrilled to welcome Northwestern Mutual back to Milwaukee once again,” said Paul Upchurch, president and CEO of VISIT Milwaukee. “Northwestern Mutual represents the largest convention of our year and has a tremendous impact on our area’s economy. We look forward to welcoming the thousands of attendees to Milwaukee and creating great experiences for them while they’re here.”
For Northwestern Mutual, it’s an opportunity for the company’s employees and financial professionals to reflect on another strong year. The company expects to distribute dividends exceeding $5 billion(the largest in its 157-year history) to participating policyowners and maintains the highest financial strength ratings awarded to any life insurer by all four of the major credit rating agencies.
“We place great value on improving our relevance with clients, policyowners and potential clients,” said Northwestern Mutual Chairman and Chief Executive Officer John E. Schlifske. “Many people are facing challenges with financial planning throughout their life stages. We continually evolve to focus on helping people overcome those challenges and meet their long-term financial security goals.”
The goal of the five-day meeting is to further develop Northwestern Mutual’s acclaimed field force. Financial representatives network, mentor their peers, learn new information, discuss best practices, engage in continuing education opportunities and share ideas.
As a result of its year-round effort, Northwestern Mutual’s training program was named one of the best in the country by Training magazine, according to its “Top 125” list. The company’s field force is an industry leader in credentials, with more than half of all career financial representatives holding at least one professional designation.
Northwestern Mutual will be conducting events and seminars for its financial representatives at the Wisconsin Center, the BMO Harris Bradley Center and at metro hotels including the Hilton Milwaukee City Center, the Hyatt Regency Milwaukee, the InterContinental Hotel & Resort and the Pfister Hotel. In addition, the company is sponsoring activities for the financial representatives’ families at such venues as the Milwaukee Art Museum, Discovery World, the Gift of Wings Kite Shop, Milwaukee County Zoo, Betty Brinn Children’s Museum and the Milwaukee Public Museum and Daniel M. Soref National Geographic Dome Theater.
About Northwestern Mutual
Northwestern Mutual has been helping families and businesses achieve financial security for nearly 160 years. Our financial representatives build relationships with clients through a distinctive planning approach that integrates risk management with wealth accumulation, preservation and distribution. With more than $217 billion in assets, $26 billion in revenues and more than $1.5 trillion worth of life insurance protection in force, Northwestern Mutual delivers financial security to more than 4.2 million people who rely on us for insurance and investment solutions, including life, disability and long-term care insurance; annuities; trust services; mutual funds; and investment advisory products and services.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI, and its subsidiaries. Northwestern Mutual and its subsidiaries offer a comprehensive approach to financial security solutions including: life insurance, long-term care insurance, disability income insurance, annuities, investment products, and advisory products and services. Subsidiaries include Northwestern Mutual Investment Services, LLC, broker-dealer, registered investment adviser, member FINRA and SIPC; the Northwestern Mutual Wealth Management Company, limited purpose federal savings bank; Northwestern Long Term Care Insurance Company; and Russell Investments.
About VISIT Milwaukee
VISIT Milwaukee markets Greater Milwaukee to tourists, and convention and meeting planners, both nationally and internationally. VISIT Milwaukee has approximately 600 members, including hotels/motels, restaurants, attractions, services and area businesses. Total business sales related to tourism amounted to $4.62 billion in Greater Milwaukee in 2013 and supported more than 48,500 local jobs. The City of Wauwatosa, Potawatomi Bingo Casino and the Wisconsin Center District are strategic partners with VISIT Milwaukee, providing funding support for conventions and tourism programs. For more information call 1-800-554-1448 or visit www.visitmilwaukee.org.
*Economic impact estimates direct and indirect sales based on the group’s projections and past history of the group.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
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