American Advisors Group

Office address: 18200 Von Karman Ave., Suite 300, Irvine, CA 92612
Website: www.aag.com
Year established: 2004
Company type: financial services
Employees: 1,500+
Expertise: reverse mortgages, HECM Loans, refinance, home purchase, insurance, non-FHA, home equity lending, jumbo loans
Parent company: Finance of America Reverse
CEO and key people: Reza Jahangiri (CEO), Paul Fiore (CSO), Christopher Moschner (CMO), Quinton Chapman (COO), Lisa Hamilton (VP, Head of Mortgage), Bryan Iijima (Director of Sales Solutions)
Financing status: formerly PE-backed

American Advisors Group is a financial solutions company that primarily operates in the reverse mortgage industry. The company provides government-insured reverse mortgages, home equity solutions, and other services aimed at enhancing the retirement experiences of older Americans. It is headquartered in Irvine, California and has over 1,500 employees nationwide.

History of American Advisors Group

American Advisors Group (AAG) journey began in 2004 by CEO and founder, Reza Jahangiri. The goal was to address the financial struggles that the American elderly experience. In 2007, Jahangiri fully committed to the mission by investing $750,000 that he raised from leaving the medical industry. The investment aligned with the 2008 boom in loan applications from the first baby boomers turning 62.

AAG has developed its operations to include comprehensive benefits such as tax payments, insurance, and loan proceeds for medical bills and investment protection. These benefits are intended to enhance seniors' financial stability and social security benefits. The company was acquired by Finance of America Reverse (FAR) in April 2023.

Products and Services of American Advisors Group

American Advisors Group specializes in a variety of home equity solutions that are designed with the senior homeowner in mind, providing flexible, client-centered solutions for a financially secure retirement. Key offers include:

• reverse mortgages: enabling seniors to access home equity without monthly mortgage burdens
• HECM for purchase: allowing seniors to purchase a new home while optimizing their retirement assets
• reverse mortgage calculator: a tool for clients to estimate their potential loan benefits
• services and partnerships for professionals: tools and services designed for industry professionals to grow their business

Culture at American Advisors Group

American Advisors Group promotes a culture centered on care, dedication, and ethics, aimed at ensuring elderly clients enjoy a financially secure retirement. That mission is accompanied by a work culture that promotes a fulfilling career path where personal and professional growth are encouraged. It is supported by a work-life balance promise and a culture of motivation and guidance.

AAG's dedication to enhancing client lives is evident in its strong customer satisfaction and its emphasis on education and openness in its offerings.

About American Advisors Group CEO Reza Jahangiri and Key People

American Advisors Group’s CEO is Reza Jahangiri. Before AAG, Jahangiri was also the president and CEO of other healthcare companies specializing in early detection technologies for heart disease and cancer. He holds a Bachelor of Science from the University of California, Irvine, and a Juris Doctor from Loyola Law School, Los Angeles.

Supporting Jahangiri is a dedicated team of professionals committed to the company’s operations:

• Paul Fiore, the CSO, is responsible for shaping the company's sales strategies, ensuring they align with broader business goals and market demands
• Christopher Moschner serves as the CMO and oversees the marketing strategies to enhance brand presence and customer engagement
• Quinton Chapman, the COO, manages the company's operational processes, ensuring efficiency and effectiveness in all business areas
• Lisa Hamilton acts as the VP, Head of Mortgage and she leads the mortgage division, focusing on product development and regulatory compliance
• Bryan Iijima, the Director of Sales Solutions, designs and implements sales strategies and solutions to meet customer needs and drive revenue growth

The Future at American Advisors Group

American Advisors Group continues to grow, with a focus on innovation and an ongoing commitment to serving the evolving needs of America's retirees. The company remains dedicated to leveraging home equity as a crucial tool for retirement planning, ensuring that older Americans can look forward to a secure and fulfilling retirement.

With Finance of America Reverse’s acquisition of AAG, it has now become a division of one of the country’s largest reverse mortgage companies. This has opened more financial opportunities and strategic planning for AAG.