Envestnet, a provider of integrated wealth management technology and services for investment advisers and wealth managers, is now offering these impact investment services through its portfolio management consultants business, Envestnet/PMC.
This new impact investing program provides financial advisers and institutions with access to a comprehensive set of model portfolios, specialist advice and digital SRI portfolio-building tools.
“For advisers to truly support their clients, they must increasingly align investors’ wealth with their worldview,” says Lori Hardwick, executive vice president of Envestnet advisory services, based in Chicago. “Investors now realize that the way they direct capital can impact the world and people around them. This is especially true with younger investors, and advisers are experiencing much greater demand for impact investing solutions that meet a variety of customized investment mandates.”
As an open-architecture program, Impact Investing Solutions is available to all advisers and can be integrated and branded within any advisory practice. MSCI ESG Research, which provides in-depth fund research, ratings and analysis of the social, environmental and governance-related business practices of thousands of companies, offers additional resources as a partner in this initiative.
The revamped tool includes17 well-defined personal conviction portfolio “screens” that can be applied to managed accounts run by traditional and impact investment specialists. These refined screens, which filter out holdings that do not match up with the portfolio’s SRI goals, support advisers in addressing a diverse set of client issues, including community development, affordable housing, climate change, fossil fuel limitation, worker safety, women’s empowerment and numerous other customized investment mandates.
More information on Envestnet can be found here.