What is a Benefit Corporation?
Benefit Corporations are businesses that meet the highest standards of verified social performance, transparency, and legal accountability to balance profit and purpose. Benefit Corporations seek to redefine success in business and build stronger communities and a more equitable, inclusive and sustainable economy through the creation of high-quality jobs with dignity and purpose. Benefit Corporations use profits and growth as a means to a greater end: positive impact for their stakeholders.

Our Specific Public Benefit Purpose:
It is enshrined in our corporate by-laws that the company shall have a specific public benefit purpose,
“To promote innovation in education and improved access to exceptional content and expert instruction through our community of students, educators and professionals with the goal of offering customizable educational resources to improve both the effectiveness and efficiency in which students and professionals learn, and professors and instructors teach.”

Why ArchiMedia is a Benefit Corporation:
We believe in the power of community. Over the decades, we’ve assembled a diverse collective of professors and professional subject matter experts and empowered them to create best-in-class educational materials under the ACTEX and ASM brands. These materials offer students unrivaled access to affordable and comprehensive learning solutions that students can tailor to their unique learning styles.

Our members actively contribute and collaborate in support of our shared vision and mission. Some members contribute individually, some in work in small teams, but each works collectively for the whole. The members of our educational community include YOU!

• Students & Professionals – giving back through communication of ideas with our authors and instructors and the broader community
• Professors & Instructors – pedagogy thought-leaders, supporters of expanded access
• Authors & Professional Subject-Matter Experts – recognized leaders in their field, aspirants for ever-better authorship and instruction
• Our Team – employees dedicated to our company vision and mission
• Professional Societies (SOA, CAS, IFoA, etc.) – visionaries for professional education

Our Vision – To serve as a community of students, educators and corporations working together to promote learning and other educational development in a mutually beneficial and self-reinforcing manner.

Our Mission – The creation of, and broad access to, a comprehensive and expanding array of innovative and customizable educational resources that help students and professionals learn, and professors and instructors teach.

ArchiMedia: A History of Community
ArchiMedia and its ACTEX and ASM brands were founded in 1972 and 1983, respectively.
ACTEX Learning was founded in 1972 by Professor Dick London, an academic who created the very first study manual for students preparing for actuarial exams.

 

Over the next 5 decades, ACTEX employees, authors and instructors have carried on its founder’s noble tradition through innovation and the development of best-in-class textbooks, study manuals, video instruction, question databases and other learning tools. In addition, ACTEX employees and authors have volunteered thousands of hours to the advancement of education and the actuarial profession through leadership and committee assignments at both the Society of Actuaries and Casualty Actuarial Society.

Much has changed at ACTEX over the past 50 years, but one thing has not – our steadfast commitment to our educational community.

ASM was founded by Harold Cherry, FSA, in 1983. ASM’s outstanding team of authors have been dedicated to students’ actuarial exam success for 40 years.

 

Today, Cherry is still at work on behalf of students. He and co-author, Prof. Wafaa Shaban, continue to offer a study program of exceptional breadth and depth. Similarly, Prof. Abraham Weishaus and David Farber, ASA, EA, MSPA, are legendary for the quality and clarity of their writing and instruction.