“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.