Strategic Alliance

Dalbar Alliance

Dalbar, Inc. and McGowanPRO have formed a strategic alliance to the benefit of each of their clients.  To learn more about this alliance contact:

Contact Information

 

Paul Smith
Pauls@naplia.com

866-262-7542 x 1315

DALBAR, Inc Strategic Alliance with McGowanPRO

DALBAR, Inc. and McGowanPRO have formed a strategic alliance offering DALBAR 3(38) Certification and reduced costs on professional liability insurance. 

The DALBAR 3(38) Certification is the only recognized program of its kind that provides investment managers with a powerful combination of due diligence and compliance disclosures to lower the fiduciary liability for both managers and plan sponsors under ERISA section 3(38). Registered Investment Advisors must achieve the highest standards of practice and performance to qualify for the DALBAR certification. The alliance of DALBAR and McGowanPRO combines the industry's most marketable recognition with comprehensive insurance protection.

This one-of-a-kind program, offered by DALBAR, is focused on highly-committed Advisors seeking to take on ERISA 3(38) responsibilities, at the highest standard of competency. The certification is now officially recognized by "A"-rated insurance carriers that work with McGowanPRO. Insurance discounts are as high as 25 percent for qualified Advisors and will be available exclusively through McGowanPRO when DALBAR certification is maintained.

"Our colleagues in the professional liability insurance underwriting community have reviewed the DALBAR program and clearly recognize its risk management benefits," said Gary Sutherland, CEO of McGowanPRO. "These highly qualified Investment Advisors are rewarded for their achievement with professional liability insurance discounts, and McGowanPRO has the assurance that these applicants are competent and experienced. It's a win-win arrangement."

"The lower cost of fiduciary liability protection adds a critical element to our rigorous 3(38) Certification process. We appreciate the value that this greater protection brings to the DALBAR certified managers and the economic incentive that the alliance provides for advisors to do it right," said Louis S. Harvey, DALBAR's President and CEO.

About DALBAR

DALBAR, Inc. is the financial community's leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service. Launched in 1976, DALBAR has earned the recognition for consistent and unbiased evaluations of investment companies, registered investment advisers, insurance companies, broker/dealers, retirement plan providers and financial professionals. DALBAR awards are recognized as marks of excellence in the financial community. Please visit www.dalbar.com for more information.

About McGowanPRO

McGowanPRO is an independent, national insurance agency that provides professional liability and errors and omissions insurance and consulting services to Investment Advisors, Third party Administrators, and Broker/Dealers. Established in 1998, McGowanPRO has become a leading provider of professional liability insurance through customer education. McGowanPRO has been named to the Inc 5000, fastest growing private companies, annually since 2008. McGowanPRO is a proud member of the Professional Liability Underwriting Society (PLUS), the Better Business Bureau, and holds the highest rating from Dun & Bradstreet for companies of their size. Please visit www.naplia.com for more information.