Personal Capital, a remote-first, industry-leading registered investment advisor and digital wealth manager, announced today a major milestone since the introduction of its Socially Responsible Personal Strategy Investment portfolios: reaching $1 billion assets under management since the portfolios’ inception in 2018.
“We’ve seen assets managed in our ESG portfolios more than double year-over-year in every month since inception. There is clearly a growing interest in those looking to invest more sustainably and responsibly,” says Brendan Erne, Director of Portfolio Management at Personal Capital. “Amidst the market volatility surrounding COVID-19, we’ve actually seen an increase in the percentage of Personal Capital’s assets under management that are invested in our ESG portfolios, as May was our best month yet with more than one in five dollars going into ESG. Due to the importance of striving for positive change and safety, it seems many investors are showing their support for more socially conscious strategies.”
Read More: M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms
Since 2018, Socially Responsible Personal Strategy is Personal Capital’s turnkey solution for investors built with best-in-class ESG-ranked U.S. stocks, and our proprietary Smart Weighting™ methodology. In partnership with Sustainalytics, a global leader in ESG and Corporate Governance research with a history spanning more than 25 years, Personal Capital utilizes the firm’s ESG ranking/scoring system when constructing and evaluating the companies to be included in portfolios.
“We use a combination of exclusive and inclusive filters, which allow us to avoid controversial categories and simultaneously seek out companies more proactively managing ESG issues,” said Erne. “Given our use of individual stocks, it can offer greater tax efficiency and opportunities for customization than off-the-shelf mutual funds and ETFs.”
Read More: Blockchain Valley Ventures Launches Virtual Deal Marketplace for Startup Funding
