Why Are Advisors Reluctant to Hop on the ESG Train?
"Some reasons found in a recent survey by financial consultant Practical Perspectives include lack of interest by clients, lack of training and education, or lack of a compelling reason to use ESG products. One advisor called it “a fad.”
[COMMENTARY]Several things remain unsaid here. They include: advisors’ compensation is often tied to particular products; advisors aren’t interested and don’t want to know client’s personal values (it gets too messy), and advisors’ general unwillingness to look at something new. Let me know if you’re aware of other reasons or believe my views are faulty. Nonetheless, this article/survey is important reading for all advisors!
Why Are Advisors Reluctant to Hop on the ESG Train? By Ginger Szala, December 4, 2018, ThinkAdvisor, USA.