As layoffs in the region increase, investment and business expansion will provide up to 70 employment opportunities to Silicon Valley in 2023
SAN JOSE, CA., February 1, 2023 /PRNewswire/ — Today, North West Mutuala leading financial security company, announced the appointment of Kate Michaels as Managing Partner of the firm’s new network of offices in San Jose. The office will provide up to 70 job opportunities for people Silicon Valley in 2023, after nearly 75,000 layoffs over the past year, according to tech job tracker layoffs.fyi.
“Creating financial security for more families in the San Jose community will be a top priority for our office,” Michaels said. “The region is going through significant changes and many people are experiencing financial anxiety. At a time when major employers are retiring, we are delighted to make this investment in Silicon Valleyto guide clients through their financial journey and provide career opportunities for the region’s top talent.”
In addition to supporting advisors in the office and providing them with the resources they need to better serve their clients, Michaels will oversee client growth and retention. It is also committed to building a diverse workforce that is representative of the greater San Jose community.
Michaels began his career in 2008 as a campus recruiter at Rochester, NY, and has since excelled in many roles within the company, including Internship Development Officer, Recruitment Manager and Financial Advisor. In 2014, Michaels launched Diversity, Equity and Inclusion Council for the corporate network office at Syracuse, NYand was the first graduate of North West Mutual Women’s Leadership Development Program. Prior to her new role, Michaels held the position of District Manager at Syracuse where it has resulted in significant increases in productivity among new advisors.
After 15 years with North West MutualMichaels is looking forward to moving to Western coast and to pursue his passion for talent development and relationship building.
In partnership with the company Distribution Growth Companies (DGV), which focuses on growing the company’s distribution system, the San Jose the network office is part of North West Mutual investment and expansion in California.
About North West Mutual North West Mutual helping individuals and businesses achieve financial security for over 165 years. Through a holistic planning approach, North West Mutual combines the expertise of its finance professionals with a personalized digital experience and industry-leading products to help its clients plan what matters most. With over $561 billion in the combined company and customer assets, $34 billion in revenue, and $2.1 trillion the value of the life insurance coverage in force, North West Mutual provides financial security to nearly five million people with life, disability and long-term care insurance, annuities, and wealth management and investment services. North West Mutual ranked 97 on the 2022 FORTUNE 500 and was recognized by FORTUNE® as one of the “World’s Most Admired” life insurance companies in 2022.
North West Mutual is the trade name of Northwestern Mutual Life Insurance Company (NM), Milwaukee, Wis. (life and disability insurance, annuities and life insurance with long-term care benefits) and its subsidiaries. Subsidiaries include Northwestern Mutual Investment Services, LLC (NMIS) (investment brokerage services), broker, registered investment adviser, member FINRA and SIPC; Northwestern Mutual Wealth Management Company® (NMWMC) (investment advisory and services), federal savings bank; and North West Long Term Care Insurance Company (NLTC) (long term care insurance). Not all North West Mutual representatives are advisers. Only representatives whose title includes the term “advisor” or who otherwise disclose their status as an adviser to NMWMC are accredited as representatives of NMWMC to provide investment advice services.
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