ANSWER: This was a strategic decision by our parent company – The Independent Order of Foresters.
ANSWER: No. FESCO is financially sound.
ANSWER: No. Foresters (IOF and/or Foresters Financial) is a financial sound company with assets in excess of $17B
ANSWER: Yes, your investment is with a specific mutual fund or insurance company. Your money is not held at or by FESCO
ANSWER: FESCO will stop servicing customers and accounts on or about October 31, 2018. After this date, existing customers will no longer be able to execute transactions through FESCO.
ANSWER: Contact your Registered Representative or Investment Advisor as soon as possible and discuss alternatives with him or her.
ANSWER: After speaking with your Registered Representative or Investment Advisor, FESCO will assist customers with an orderly transition of their accounts to other financial services providers.
ANSWER: If you fail to take any action with regard to closing or moving your account to another financial services provider before FESCO closes on or about October 31, FESCO will be removed as the firm servicing the account and will no longer be able to assist you.
ANSWER: There are two ways you may determine your account value:
Call your Registered Rep or investment advisor and ask.
Contact your investment company directly.
ANSWER: Again, please call your Registered Representative or Investment Advisor.
ANSWER: Call the Foresters Equity home office (800-350-9885) and speak to one of our customer service representatives. Be prepared to provide non-public information (Account numbers, social security number, etc.) in order to verify your identity.