New York-based Wealthspire Advisors this week introduced a suite of impact investing tools to help advisors align portfolios with clients’ personal values.
The offering includes customizable investment portfolios as well as tools aimed towards encouraging conversations around values-based investing with family members and supporting multi-generational advisor relationships.
Wealthspire said ti hopes the impact investing capabilities will allow it to more easily respond to requests for proposals from organizations seeking to implement impact and values-based investment programs.
“This offering can incorporate an individual’s values or an institution’s mission into the asset allocation and security selection process, and we believe it sets the standard for impact investing in the RIA space,” said Wealthspire Advisors CEO Mike LaMena in released comments. “By combining industry-leading expertise across prominent impact investment themes with the rigor of our investment process, we’ve created diversified impact portfolios that can be tailored around clients’ values and the impact outcomes they seek.”
The new tools are not Wealthspire’s first foray into the world of environmental, social and governance (ESG) and impact investing. In 2019, it partnered with Align Impact to help it select investments that met prevailing ESG standards.
As a result, Wealthspire now offers impact- and ESG-oriented portfolios encompassing both private and public investments using an investment framework that considers values, mission and impact in concert with traditional investment risk and return parameters. Portfolios can be structured to reflect client values such as social justice, environmental sustainability, animal welfare, racial justice and gender equity.
