Powered by momentummedia
Adviser Innovation logo
Advisor Inovation logo
Stay connected
Subscribe to the Adviser Innovation eNewsletter.
Client demand for ESG investing advice on the rise

Client demand for ESG investing advice on the rise

author image
By Adrian Flores ·
January 10 2019

Client demand for ESG investing advice on the rise

A survey has found an overwhelming majority of clients think advisers should assist them to ensure they are investing responsibly.

Client demand for ESG investing advice on the rise
nestegg logo

According to Legg Mason's Global Investment Survey, advised investors are more than twice as likely to choose companies or funds according to environmental, social and governance (ESG) factors (50 per cent versus 18 per cent DIY investors).

The survey found that more than three-quarters of advised investors said they would like to move money into funds that take ESG considerations into account when selecting securities.

Further, 54 per cent of investors said they avoid businesses with controversial track records, and 89 per cent of investors believe that fund managers should actively "police" companies they invest in to ensure they are acting responsibly.

"Investors working with advisers are also more confident in their approach, more sure of their investment knowledge and more excited," said Legg Mason Australia and New Zealand managing director Andy Sowerby.

Advertisement
Advertisement

"They see many opportunities and feel they have more choice through investment options given to them by the adviser."

The survey was conducted between July and August across 17 markets worldwide and involved 16,810 investors, including 1,000 Australians.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook.
Find us on Twitter for the latest updates

Subscribe to our Newsletter

We Translate Complicated Financial Jargon Into Easy-To-Understand Information For Australians

Your email address will be shared with nestegg and subject to our Privacy Policy