Women clients at RBC Wealth Management are more than twice as likely as men to say it is extremely important that the companies they invest in integrate ESG factors into their policies and decisions, according to a survey RBC conducted of more than 1,000 clients in the U.S.
The survey also found that 74% of women were interested in increasing the share of ESG investments in their portfolios and that women were significantly more likely than men to have an interest in learning more about using environmental, social and governance factors to invest.
While the survey revealed that women are leading the charge in ESG investing, more than half of male respondents (53%) also expressed interest in increasing the share of ESG in their portfolio, and 61% of clients overall shared this position, RBC said in a release.
Overall, 31% of RBC clients acknowledged the importance of integrating ESG factors into their investment decisions, with female clients rating social and environmental elements higher than male clients.
The governance factor showed no difference by gender and ranked the most important to clients across all ESG elements. Corporate ethics and regulatory compliance were the most important of governance elements for clients, followed by transparency.
[More: ESG investing is just investing]
Trump briefly floated the idea this week, and he's far from the first to do so, but does the US really need a national fund?
Over the first six months of one targeted initiative, the agency scooped $172M from 21,000 wealthy individuals who've been delinquent on their tax filings since 2017.
Wealth managers rejoice. Stocks may be sliding, but the NFL season is starting.
The SEC and justice department are probing whether the firm, a subsidiary of Franklin Templeton, cherry-picked trades to favor certain clients.
Firm agrees to pay six-figure penalty for its lack of compliance with anti-money laundering programs.
Uncover the key initiatives behind Destiny Wealth Partners’ success and how it became one of the fastest growing fee-only RIAs.
Morningstar’s Joe Agostinelli highlights strategies for advisors to deepen client engagement and drive success
