Under the terms of the agreement Investigo will integrate detailed insurance data from the firm with investment information for USAllianz Securities, a broker dealer subsidiary of Allianz Life Insurance.
Investigo claims 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 autumn. Broker dealers are starving for information and must have a way to track the sales of insurance products through their firm, he commented.
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.
USAllianz says that the integration will provide its representatives with a consolidated view of their clients’ portfolios without manually entering insurance data.
Investigo’s DTCC-formatted feed will automatically integrate contract and policy information, reducing the need for manual input, providing reps with a cost-effective practice management tool that integrates a significant block of their assets under management.
