By Rebecca Lake, Contributor June 7, 2019, at 11:28 a.m.
Balance impact with performance.
Socially conscious investing puts a spotlight on furthering causes but investors shouldn’t lose sight of their financial well-being, says Taylor Sutherland, a senior wealth advisor at Halbert Hargrove. “A too-pristine solution may exclude many categories of investments that can hurt an investor’s long-term returns and/or increase their risk,” he says. Investing responsibly shouldn’t mean sacrificing portfolio growth. On the contrary, Sutherland says improving investment outcomes should be the goal, since that can directly affect investors’ ability to support their preferred causes over the long term.
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