Investing ethically can pay off. As at July 31 2019, the FTSE4 Good global index, which focuses on those companies that meet global Environmental, Social and Governance standards, had returned 80 per cent over five years. Advisors who understand how to invest in this area are experts in picking the right green and ethical funds to get returns, without the guilt. Here are five of the best.
Castlefield is a family of investment and advisory businesses with a focus on clients’ values. Established in 2002, the core team came from the UK fund management arm of a pan-European private banking group. Managing investments for charities was a major focus and it still is today. Following the acquisition of the UK’s two oldest ethical advice firms, it is now an integrated advice and investment management group, widely recognised for its expertise in responsible and sustainable investment. It also runs a grant-making charitable trust that shares in the business’s profits.
Tanya Pein, In2 Planning
A Board Director of the UK Sustainable Investment & Finance Association (UKSIF), Tanya specialises in financial advice for charities and individuals with larger portfolios. She also provides training on Environmental, Social and Governance standards for charities.
Jeannie Boyle, EQ Investors
EQ Investors has a commitment to ethical investing, has its own charitable foundation and was one of the first recipients of the Good With Money Good Egg mark. Jeannie, at the firm, has also launched positive impact portfolios, invested in a well-diversified mix of 20-25 funds and actively managed by EQ. They can be held both in ISAs(tax-free savings) and SIPPs (personal pension). These portfolios invest in companies that intend to have a good effect on the planet, and actively avoid those who don’t. The portfolios were shortlisted for the Better Society Awards in 2016.
The Ethical Investment Co-operative
The Ethical Investment Co-operative is a collective of independent financial advisers specialising in ethical, environmental and responsible investment. Formed in 1997, all its advisers have extensive experience with incorporating clients’ ethical and environmental values into all aspects of financial planning. It works with Amnesty International and Friends of the Earth (Scotland) on ethical investing. Based in York.
This ethically focused firm of IFAs pledges to distribute at least 50 per cent of its own net profit to charities and good causes each year. The group will only advise on and arrange investments that are linked to social, environmental or ethically screened funds.
David MacDonald, The Path
The Path helps you to use your pensions, savings, and investments as a force to reverse climate change. David MacDonald set up the business in 2019 with the aim of revolutionising savings and giving power to people who care about making a difference with their money.
Mark Armstrong, Blue Sphere
BlueSphere was founded to support clients in making the world a better place, by aligning their investments with their values and beliefs. Part of family business Armstrong Private Wealth Management, founded 25 years ago, BlueSphere focuses on impact investing. This enables clients to generate a return on their investment and at the same time, support the companies that are creating the solutions to some of the worlds biggest challenges.
Cleona Lira, Conscious Money
Cleona Lira is an independent financial adviser specialising in ethical investing. She works with a small client base, helping them to build an investment portfolio in line with their core values. Clients must have a minimum of £200,000 for investments, but there is no minimum for new pensions. Fees start at £1,000.
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These are companies that have passed strict (independent) criteria to prove they make a positive impact – to the planet, society, and you.