News : Green Collar Careers: Progressive Asset Management Investment Adviser Mike Smith

May 4, 2015

Originally published in Fosters and on Patch.com.

By Ken Johnson

Robert F. Kennedy once said that, “The purpose of life is to contribute in some way to making things better.” These words ring true at Progressive Asset Management Group (PAM Group) the socially responsible investment division of Financial West Group, a company working to make a difference through socially responsible investing. For many, the idea of being sustainable is limited to recycling, using biofuel for home heating, buying an eco-friendly vehicle and participating in environmental events, like neighborhood clean-ups. But few people know that they can also go green by making their investments (IRAs, individual accounts, 401Ks etc.), socially and environmentally responsible as well through a firm like the PAM Group.

One of the PAM Group’s core beliefs is that companies which don’t follow socially and environmentally responsible practices have a greater overall potential for liabilities and hidden costs which are eventually passed on to their investors. But companies which manage pollution, which have an eye towards being energy efficient, which treat their employees well, are better managed than those which don’t address these factors. And better managed companies in turn tend to outperform.

The local PAM Group office was first opened in Newmarket in 1996 by Hunter Brownlie, who was later joined by Mike Smith in 2007. Smith and Brownlie are Investment Adviser Representatives with the PAM Group, providing clients with options to purchase socially and environmentally sustainable investments including: stocks, bonds, mutual funds, as well as offering portfolio management, retirement planning, education funding options, and more. They also offer “community investment notes,” which revitalize low-to-middle income areas after economic shifts.

Read the full story on Fosters.com here or Patch.com here!