Blog : Progressive Asset Management Moves Equality Forward, Calms Market Correction Woes, Takes on Big Banks

By Craig | Nov 3, 2014 | in

Progressive Asset Management (PAM), an independent full-service investment brokerage firm specializing in environmental, social, and governance (ESG) investing, is doing their part for women's equality in the business sector. Local PAM Group members Michael Smith and Hunter Brownlie recently attended a luncheon put on by leading ESG fund family Pax World Funds to promote the recently created Pax Ellevate Global Women's Index Fund.

Pax World partnered with Sallie L. Krawcheck, considered one of the nations most respected and knowledgeable financial executives, as well as the owner and chair of Ellevate, a growing professional women's network dedicated to the economic engagement and advancement of women worldwide, to create a fund which promotes women's advancement in the workplace. The fund chooses companies from the arena of global stocks that meet environmental, social and sustainability measures as well as their commitment to women’s equality in the workplace.

PAM is also focusing on alleviating customer’s market correction worries. With the media declaring the financial market over-saturated, over-valued and rising so high that the only direction for it to go next is down, many customers fear another crash. However, PAM is quick to note that this is not Newton's law of motion, but the world of finance which follows the forces of profit, population and productivity and thereby a different set of rules. According to PAM, while markets have ups and downs, if you follow a set of time-tested investment rules such as being clear about and sticking to your risk tolerance, diversifying your investment with the proper asset allocation, including rebalancing, allowing for time in the market – not market timing, and dollar-cost averaging, you can turn the tables on corrections and actually take advantage of them.*

PAM has also recently taken part in a variety of new advocacy efforts aligning with other socially and environmentally responsible investment (SRI) leaders. These include joining with Apple computers, working with the tech giant to protect workers from dangerous exposure to chemicals like benzene and n-hexane in the assembly of its products. PAM also joined The Forum for Sustainable and Responsible Investment, Calvert Investments, Unitarian Universalist Association and 65 other SRI leaders to ask Mary Jo White, Chair of the U.S. Securities and Exchange Commission, to reject proposed revisions to SEC Rule 14a-8 which would make it difficult for investors to file shareholder proposals on environmental, social and governance (ESG) issues. PAM also joined the Boston Common Asset Management to call out the top 50 investment banks that underwrite carbon intensive industries to develop long-term climate strategy and play an active role in a more sustainable future.*

As Financial Advisors with the PAM Group’s Newmarket-based office, Smith and Brownlie are committed to working directly with their clients to create a financial strategy which matches the client’s values with their investments, always with a goal toward financial return. Call it “doing well by doing good."

According to Smith, there is mounting empirical evidence that companies which treat the environment, their employees, their customers and their communities with consideration carry far less risk and over time outperform poorly governed companies. In short because they are better managed and don’t entail hidden risks and liabilities which are eventually passed along to investors.

* To read the full story and discussion please request a copy of the Progressive Asset Management (PAM) News & Views 2014 Fall Issue.

Founded in 1987 as the first investment firm to specialize in what is known today as ESG (environmental, social, and governance) investing, today PAM provides members of the PAM Group marketing, proxy and screening services.

Representative of and securities offered through Financial West Group (FWG), Member FINRA/ SIPC. The PAM Group is the socially responsible investment division of FWG. Progressive Asset Management Inc. (PAM) and FWG are unaffiliated entities.

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