Charles Schwab is helping DIY investors build their own socially responsible portfolios, on Wednesday announcing that it is giving clients access to MSCI’s ESG ratings for individual securities.
That includes ratings for 14,000 issuers, representing about 8,500 different companies, which are available through Schwab’s research tool or its Equity Ratings Reports for specific securities.
The move follows Schwab’s launch in March of thematic stock lists, which are designed to guide people who want to invest according to their values or interests, according to the company. And earlier in April Schwab announced that it was adding a direct indexing service to help clients further personalize their portfolios.
About a quarter of Schwab’s retail clients who were surveyed earlier this year said that their values or personal interests factor into their investment decisions, and an additional 20% said they would like to begin investing accordingly, the company stated.
“A growing number of people want to align their investments with their beliefs and values,” Malik Sievers, head of ESG strategy at Schwab Asset Management, said in the announcement. “Having an easy way to review a company’s ESG rating during the research process is something today’s investors find useful as they seek to integrate ESG in their portfolios and evaluate a company’s resilience to ESG risks.”
Despite a lighter regulatory outlook and staffing disruptions at the SEC, one compliance expert says RIA firms shouldn't expect a "free pass."
FINRA has been focused on firms and their use of social media for several years.
RayJay's latest additions bolster its independent advisor channel's presence across Pennsylvania, Florida, and Washington.
The deal ending more than 30 years of ownership by the Swiss bank includes six investment strategies representing more than $11 billion in AUM.
Divorce, widowhood, and retirement are events when financial advisors may provide stability and guidance.
How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave
From direct lending to asset-based finance to commercial real estate debt.
