Financial advisors who provide options for socially responsible investing are increasingly the choice of clients, according to a survey by TIAA Global Asset Management. The poll of 1,100 US investors found that 74 percent would prefer to work with a financial advisor who can provide both good returns and social impact. Yet there’s a gap between concept and practice; 57 percent of investors believe that responsible investing does not provide the same rate of return as unrestricted strategies. But when TIAA compared five US equity SRI investment indices with the Russell 3000 and S&P 500, there was no statistical difference among the seven benchmarks. The bottom line? The survey finds that 50 percent of respondents who don’t yet own responsible investments said they were buying in over the next 12 months.
John Howell, Editorial Director
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This post was originally published on Justmeans.com
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