"When it comes to impact investing, advisors often say their clients do not ask for it. But many clients do not know enough to ask about the possibilities of ESG investing, according to Marlo Stil, managing partner and financial advisor at the Wealth Consulting Group in Nevada…
When clients learn they can invest in a way that promotes their personal goals, ’78 percent want to know more,’ Stil said during a discussion of environmental, social and governance (ESG) investing at the Invest In Women conference, which is being sponsored by Financial Advisor and Private Wealth magazines and held in Houston."
[COMMENTARY]Regular readers of this column know that I believe the biggest barrier at the retail level to ESG-ethical investing are advisors. I was happy to see two different financial articles in advisor related publications on this subject today, and I thought to post this one. I’m delighted that this discussion is now occurring among advisors.
I could never understand that since the ’know thy client rule’ was central to advisors conduct with their clients, that it was rarely, truly, applied. It’s as if the client’s personal values really didn’t matter.
Advisors Stand In Way Of ESG Investing, by Karen Demasters, May 2, 2018, Financial Advisor, USA.