The autumn of 1987 was not a particularly auspicious time to start an investment firm, much less one that would break new ground. On Oct. 19, 1987, the Dow Jones Industrial Average fell 20 percent in a single day. Understandably, Black Monday, as it became known, left investor confidence shaken. Nonetheless, lifelong social and financial activist Peter Camejo had a vision to create a new type of financial firm based on his passion for incorporating investing practices with social and environmental advocacy. Bringing together an expert team that believed there was a demand for a new kind of practice focused on values-based investing, they founded Progressive Asset Management, giving people the opportunity to invest in harmony with their beliefs.
We helped lead a nascent community ground-swell that propelled the concept of socially responsible investing and brought environmental sustainability, social justice and corporate governance issues to the forefront of mainstream investment thinking. According to US Social Investment Forum foundation, more than one out of every six dollars under professional management in the United States ($6.57 trillion in 2014*) was invested according to SRI strategies. It has been an honor to be a pioneer in this important movement. We continue to modernize and expand our investment systems and offerings through our national network of financial advisors and partners in order to provide a full range of effective services and products.
*US Social Investment Forum data 2014