Envestnet revs up socially conscious practices

Envestnet Asset Management today announced enhancements to its sustainability platform in response to a growing interest in socially conscious investing, which accounts for one in every nine dollars under portfolio management in the United States.
DEC 01, 2008
By  Bloomberg
Envestnet Asset Management today announced enhancements to its sustainability platform in response to a growing interest in socially conscious investing, which accounts for one in every nine dollars under portfolio management in the United States. The enhancements enable financial advisers that rely on the platform to customize traditional investment portfolios with SRI overlay screens that reflect the convictions of clients. There will be 17 different screens, broken down into two categories, that will exclude companies deriving significant revenue or with poor standing on issues such as the environment, alcohol, human rights, firearms, gambling, military weapons, nuclear power, tobacco and adult entertainment. “Our new enhancement enables investors to customize portfolios in a way that matches their investment objectives with broader environmental and cultural perspectives,” Bill Crager, president of Envestnet, said in a statement. Envestnet of Chicago initially announced its SRI platform last spring, offering mutual funds and exchange traded funds selected from companies judged to be socially conscious and having strong environmental records (InvestmentNews, Feb. 18). Envestnet developed the enhancements to its platform in conjunction with New York-based Veris Wealth Partners LLC and Boston-based KLD Research & Analytics Inc.

Latest News

Decade of RIA M&A explosion shows no slowdown: Fidelity
Decade of RIA M&A explosion shows no slowdown: Fidelity

There's been an emergence of buyers, backed with PE dollars, making repeated acquisitions.

Spotlighting the Fastest-Growing Fee-Only RIAs in the USA
Spotlighting the Fastest-Growing Fee-Only RIAs in the USA

Discover which fee-only RIAs had standout performances in 2024

Advisor AI startup Zeplyn adds ex-LPL leader Kabir Sethi to board
Advisor AI startup Zeplyn adds ex-LPL leader Kabir Sethi to board

The two-decade veteran, whose career also includes a stint at Merill Lynch, will help shape strategy for the Google engineer-founded fintech.

Proactivity is key to client satisfaction, and it's lagging, survey says
Proactivity is key to client satisfaction, and it's lagging, survey says

A new Hearts & Wallets survey shows financial advisory clients want proactivity, but too often are not getting it.

US wholesale inflation surprises on food, energy prices
US wholesale inflation surprises on food, energy prices

The latest PPI print, clocking in north of 3 percent, adds to concerns that inflation is far from tamed.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.