The Penn Mutual Life Insurance Company announced Jim Garabedian is the new managing director of its Chicago agency, Lakeshore Wealth Strategies.
Garabedian will focus on sales management, recruitment and retention. Garabedian joining the agency is the first major move made by new managing partner, Teresa Fitzgerald, who was appointed to her role on Aug. 1. Together, Fitzgerald and Garabedian will oversee the Lakeshore Wealth Strategies' growth objectives.
Garabedian has served in the financial services industry for over 27 years, with a decade of his tenure spent in banking and money management. Through previous roles, he developed a passion for helping closely held businesses with their overall financial planning.
A Massachusetts native, Garabedian has qualified for multiple national recognition programs during his career, including the Million Dollar Round Table. He and his family reside in Naperville, where he gives back to the community by volunteering at The American Cancer Society, Wounded Warriors Foundation, Lurie Children's Hospital and a variety of mentorship programs in schools across the country.