"Asset managers and major brokerages think there′s big money to be made shilling these funds to advisors, with the likes of BlackRock, Bank of America and UBS highlighting the growing acceptance and mainstream popularity of SRI and ’impact investing’ strategies. But many advisors don′t seem to be biting. A survey of advisors from the Financial Times′ list of top RIAs last year showed just 4% of firms were focused on SRI opportunities."
[COMMENTARY] Advisors in this piece argue there’s little demand by clients for SRI products. However, I wonder if they even ask their clients about potential interest in SRI/ESG investing? In most investor-advisor surveys the advisors fail to ask that question.
Why FAs Are Still Reluctant to Jump on ESG Bandwagon, by Murray Coleman, August 16, 2017, Financial Advisor, USA.