Socially Responsible Investing (SRI) or Biblically Responsible Investing (BRI) offers the investor a choice to invest in vehicles that align with closely held values. For example, you may not want to invest in a company that produces or profits from pornography or tobacco, or you may want to invest in a company that champions human rights. A recent survey by Wealth Management indicates that you are not alone. The increase in SRI interest stems largely from younger investors. As younger investors inherit money from the older generation, they tend to invest with an eye toward impact or sustainability. The greatest component, according to 314 respondents to the survey, will be millennials, individuals born between 1980 and 2000. (The second greatest identified group was women, followed by college-educated clients.)
Chicago based advisor Karim Ahmed of HPM Partners states, “The main impetus is that this is what clients want. If we don’t respond to that, we will make ourselves irrelevant. These young clients will inherit all the money from their parents and grandparents. If we’re not responsive to their needs, they’ll go to other avenues.” Requests from clients, in fact, have driven SRI offers from advisors. It’s the basic pattern of any market – demand drives the business. With more investors asking for investment options that align with their values, more advisors are offering SRI strategies.
Values-based investing may be something for you to seriously consider. Contact Ambassador Advisors today to learn more.
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