Making a Difference in the Lives of Others
Karr Barth Associates helps over 120,000 families and businesses reach their financial goals.
Welcome to the Greater Philadelphia Branch of AXA Advisors, LLC with locations in Bala Cynwyd, PA, Bethlehem, PA, Lancaster, PA, and Marlton, NJ.
Karr Barth Associates is a wealth management financial services firm and the Philadelphia Branch for AXA Advisors LLC. We have the culture of a small organization with the ability to take the time to focus on your unique needs and understand your goals, coupled with the backing of the largest, global financial services company, AXA.
History of Karr Barth Associates
Karr Barth Associates Inc, founded in 1967, is one of over 145 U.S. Branch and District offices of AXA Advisors. It benefits from being a part of the global insurance and financial services leader through AXA Group. The Philadelphia branch for AXA (then Equitable) began when George Karr was tapped to establish a new office in Philadelphia. Shortly after, George hired Bob Barth, who by 1972 was 4th out of 1,100 district managers in the company. George and Bob formed Karr Barth Associates as partners in 1974 and within eight years, Karr Barth Associates was the number one Branch office in The Equitable for over 20 years. Karr Barth remains a leader in AXA’s sales force.
History of AXA
AXA began in 1985 with a group of three French insurance companies. Within 10 years, AXA became the largest French insurer and grew throughout Europe and beyond into the United States in 1991 and Australia in 1995. In under 30 years, AXA has acquired strong positions, becoming the world’s leading insurance brand. Present in 57 countries, AXA has more than 163,000 employees who are committed to helping 101 million clients maintain peace of mind day after day.
Though AXA is a global company, it operates through national affiliates, each bringing its own tradition into the AXA family. A primary example is AXA US, previously AXA Equitable Life Insurance Company, in the United States. Founder Henry Baldwin Hyde had started with Mutual Life Insurance Company of New York, then America’s largest insurer in 1853. He saw the best and thought he could do better so he opened an office in 1859 called Equitable Life Assurance Society of the United States where he took the traditional tontine, a type of annuity dating back 200 years, and introduced four tontine policies in 1868 that paid guaranteed death benefits and dividends. Between 1869 and 1899, the company’s assets grew from $10.5 million to $280 million, making Equitable one of the largest and most powerful financial institutions in the world.
In 1911, Equitable introduced the first modern group life insurance policy. Then, during World War I, Equitable paid death benefits on soldiers killed in battle. After World War II, Equitable was the biggest private lender of farm and residential loans and built up funds to pay off the mortgages.
In 1969, Equitable was the first New York company approved to market variable annuities, and in 1976, it pioneered variable life insurance. The company was the first to gain New York State approval for universal life insurance in 1983 and two years later introduced Incentive Life, a hybrid of universal and variable life products. That same year, Equitable became a full-service financial protection company with its acquisition of investment firm Donaldson, Lufkin and Jenrette (DLJ) and money manager Alliance Capital Management L.P.
In 1991, French-based AXA Group acquired Equitable and changed its name to AXA Equitable in 1999. In 2004, the circled closed when the MONY Group, the company that founder Henry Hyde left to create the Equitable, became a wholly owned subsidiary of AXA Financial.
In 2014, AXA Equitable became AXA US which includes AXA Advisors, AXA Network, AllianceBernstein, and MONY.
AXA Advisors strives to develop ongoing relationships with clients to help them review and revise their financial strategies through each life stage.
This commitment involves:
-Consultative meetings to examine a client’s current situation and financial needs
-Education on a wide variety of financial subjects to help clients make informed decisions
-Development of strategies designed to help meet short-,medium-, and long-term goals
-Implementation of strategies through financial products and services appropriate to each individual’s circumstances
AXA Advisors financial professionals and branch offices support hundreds of local charitable and philanthropic organizations through donations of time, money, and skills. About 20,000 AXA employees volunteer their time and skills in their neighborhood communities. At Karr Barth Associates, we have donated time and money to many organizations over the years, but most recently our efforts have focused on our annual Philadelphia Triathlon that benefits the Cancer Center at the Children’s Hospital of Philadelphia and our semiannual blood drives for the American Red Cross.
Famous AXA policyholders include eight presidents, Babe Ruth, George Burns, J.D. Rockefeller, Walter Chrysler, and W.K. Kellogg