Security-Philam sees bright prospects

Security-Philam Financial Solutions, Inc., the newest subsidiary of Security Bank Corp., sees exponential growth in its distribution of financial products and services this year.

Security-Philam offers its clients, through personalized financial planning advisory, various products that focus on maximizing investment yields and at the same time offer asset protection.

Oslec Lopez, Security-Philam Financial Solutions Inc. president and general manager, said that the financial advisory firm’s sales of P80 million in combined dollar and peso gross premiums last year more than doubled to P167 million in the first half of 2004, a clear indication of the company’s growth momentum.

"Security-Philam Financial Solutions, Inc. does not only offer insurance products. We are actually a financial advisory company that gives our clients access to a wide array of financial products offered by both Security Bank Corp. and PhilamLife. Our highly-trained financial planning consultants provide customized investment and asset protection advice that fit the client’s financial profile before we begin to talk about specific products," Lopez said.

"The partnership between our major shareholders and their collective experience in developing and distributing investment and asset protection products is our company’s core strength and raison de’etre. Using the one-stop shop concept we fuse the asset protection products to the investment preferences of our clients. Security Bank’s stability, extensive on-line branch network; and PhilamLife’s undisputed industry leadership coupled with its parent company AIG’s global reach provide us with immediate brand recognition and equity," he said.