Posted In: Investment
When it comes to Biblically Responsible Investing (BRI), the outlook is not unanimously positive. Many financial say their clients just aren’t interested. A 2018 survey by Wealthmanagement.com cited lack of client demand as the primary reason advisors aren’t using SRI funds – even more so than a perceived negative impact on portfolio returns.
And it’s not lack of advisor awareness, either. In the previously mentioned survey, 88 percent said that they are “somewhat” or “very” familiar with SRI investing. Still, half of the 512 financial advisors surveyed don’t offer any kind of SRI because of lack of demand. Further, only one-quarter say that it’s because of their perception that SRI-based funds underperform in the market.
The good news is that 59 percent of those surveyed say that they envision SRI being a larger part of their practice in the next five years. So don’t let the naysayers sway you. There is the potential to invest your money in vehicles that not only will offer a return, but will line up with your values as well. Contact Ambassador Advisors to learn more.
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