Sealcorp rolls out ProQuest and SRI funds
Web-based risk profiling system, ProQuest is now fully integrated with Sealcorp’s on-line adviser services portal, adviserNET following the signing of an agreement between the two companies earlier this year.
While the rollout was expected to be made some time within the six month period following the agreement, ProQuest has announced its web-based risk profiling system is now available to more than 450 proper authority holders with Sealcorp’s Securitor andPACTnetworks.
Sealcorp’s director of investments and insurance, Caroline Saunders says the compliance benefits of introducing ProQuest to Sealcorp are significant.
“It is very easy to verify that planners have done the risk-based compliance,” she says.
Saunders also says depending on how a planner wants to use the technology, they can send it to the client before the initial meeting, they can access it on-line or they can run through it with the client in the first meeting.
Sealcorp business development managers were trained on how to use the technology in early January and will be conducting training sessions in each of the states. Seminars and on-line training will also be available for the Securitor and PACT advisors.
The ProQuest risk profiling system replaces Sealcorp’s Investor Risk Profile, the system it has been using for the past 10 years. This system will be phased out over the next 12 months as advisers make the transition to the new system.
On the investments front, Sealcorp plans to introduce Securitor and PACT advisers access to socially responsibly portfolios, and are currently preparing to provide a line-up of up to 10 stand alone socially responsible products.
Saunders says while it is often argued that there is a performance trade-off associated with socially responsible investments, she says there is no hard and fast rule.
She says at the current time, advisers do not have any way of considering these investments in a responsible way and from a fiduciary perspective.
Sealcorp will be rolling out these products at its adviser conference to be held next week.
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