The settlement sends an uncomfortable message to retirement plan advisors and other fiduciaries, an observer says.
Prices have plummeted as tenants have fled, and delinquency rates on mortgages are rising.
Jennifer Kenning wants to bring the role of relationships back to wealth management.
House Republicans have planned six hearings in their anti-ESG blitz, along with bill markups dedicated to the topic.
Some clients have unrealistic expectations about retiring early while others are overly pessimistic, advisors say.
A plaintiff alleges that ESG led to lower returns, but the case brought against American Airlines' defined-contribution plan might be more political than substantive.
Less than 1% of active sustainable funds have investments in tobacco producers, data from Morningstar Direct show.
Keeping retirees in the plan helps both participants and sponsors save on costs, but many 401(k)s are lacking income options.
Diversity among financial advisors is currently lacking, and the Supreme Court's ruling is unlikely to help.
As wealthier clients approach retirement, advisors must focus on income strategies, Hearts & Wallets says.
