Source: Investigo
Investigo - provider of the financial services industry's most advanced practice management system - announced today that it has formalized an agreement with Allianz Life Insurance Company of North America in which Investigo will integrate detailed insurance data from the firm with investment information for USAllianz Securities, a broker dealer subsidiary of Allianz Life Insurance Company of North America.
The agreement represents the first time any practice management system will integrate comprehensive financial and insurance information.
Investigo CEO Tom Rozman cited results of an investment industry survey that his firm conducted last fall. "Broker dealers are starving for information and must have a way to track the sales of insurance products through their firm."
By bringing information into its data warehouse, Investigo enables USAllianz Securities registered representatives to log on from anywhere to access a client's entire portfolio.
According to USAllianz Securities Director of Business & Technology Integration Mark Welton, "The integration provided by Investigo streamlines the process and provides an asset to our registered representatives, who will automatically have a consolidated view of their clients' portfolios without manually entering insurance data."
Investigo's DTCC-formatted feed will automatically integrate contract and policy information, greatly reducing the need for manual input, providing reps with a cost-effective practice management tool which now integrates a significant block of their assets under management.
Unlike competitive systems, Investigo is built with an intuitive understanding of the hierarchy in a broker dealer organization and can easily provide management with different levels of access to the information they need.