Survey: Financial Advisers Not Optimistic About Future of ESG Investing.
“Financial advisers are not optimistic about the future of including environmental, social and governance attributes to investing, in part due to growing political tension around the subject, according to a Cogent Syndicatedreport from Escalent.”
[COMMENTARY] The results of this US survey are unsurprising. Most people who use financial advisors in the US tend to be better-off, older — and conservative — investors. Advisors are pandering to their client base and likely not giving serious thought to financial returns 10, 20, or more years out.
Also, note this from the article — which is telling about the advisors themselves, quote, “According to Escalent, 38% of investors expressed interest in socially responsible initiatives, but in reality, only 3% used ESG investments.”
The biggest problem in investors being able to invest according to their personal values has always been the disinterest of most investment advisors!
Survey: Financial Advisers Not Optimistic About Future of ESG Investing, by Natalie Lin, February 26, 2023, PlanAdvisor, USA.