Techniques used by Sam Foti
At The MONY Group, Sam Foti has undertaken a number of initiatives to propel the Group towards industry leadership in the Insurance sector.
Samuel J. Foti has a few techniques under his belt that he has utilized through the years. Even though these can be easily emulated, what he has a specialty in, is his propensity to take risks. He creates a vision and then follows it through to the end which is believed to be the driving force that leads him to success.
Firstly, he worked on expanding the Group‘s product line, services and revenue generation possibilities. This was made possible by his unique business acumen, through which he foresaw that making possible the acquisition of U.S. Financial Life Insurance Company and Trusted Advisors Inc. would help in building capacity and add years of expertise to the Group, making it a mature player in the market. His other achievements include implementing a number of revenue savings initiatives, including an early retirement program and the reduction of costs related to the Group’s sales force. Samuel Foti also managed the creation and development of the Group’s Enterprise Strategies group, enabling the company to distribute through wholesalers. This enabled in transitioning MONY’s distribution network, which helped gain a time advantage over other players in the market.