Manila—(PHStocks)—Philam Asset Management, Inc. (PAMI), a leader in asset management and a major contributor to the development of the Philippine mutual fund industry with its administration, distribution and investment advisory to nine (9) mutual funds, recently signed a distribution agreement with COL Financial Group, Inc. (COL Financial), a locally registered online stock brokerage firm and licensed mutual fund distributor. The partnership will allow the sale and distribution of PAMI mutual funds through COL Financial’s online distribution platform soon. Signing the distribution agreement were PAMI Chairman Allan Santos (right-center) and COL Financial President and CEO Conrado Bate (left-center). The agreement was witnessed by PAMI Vice President and Head of Institutional Sales Caroline Tinio (rightmost) and COL Consultant Marvin Fausto (leftmost).
Existing and potential investors may soon open an account and invest online in PAMI mutual funds, namely – Philam Bond Fund Inc., the Philam Fund Inc., the PAMI Horizon Fund, Inc., the Philam Managed Income Fund, Inc., the Philam Strategic Growth Fund, Inc., and as may be agreed upon by both parties, any mutual fund that may be managed and distributed by PAMI in the future.
Established in 1992, Philam Asset Management, Inc. (PAMI) is one of the country’s largest asset and wealth management company in the mutual fund industry with more than Php40Billion Assets under its management as of June 30, 2014. Providing its investment expertise and ability to deliver impressive fund performance over the years, PAMI has received multiple recognitions from international and local investment organizations. PAMI is a wholly owned company of Philam Life, the country’s premier life insurance company, which is a member company of the AIA Group, the largest pan-Asian life insurance group with a unique heritage of serving the world’s most dynamic region for more than 90 years.
COL Financial is an online stock brokerage company in the Philippines that has recently acquired a mutual fund distributor license. Actively trading in the PSE since 2001, COL has earned the confidence of its customers for its expertise in equity analysis and quality offerings including free seminars to help guide new and experienced investors alike. As a testament to this, it has become a trusted broker reaching close to a hundred thousand customers this year. In their 15th year in the industry, COL aims to continuously provide wealth building opportunities to help its growing customer base achieve richer lives. For more information on COL Financial, log on to www.colfinancial.com.