Personal Capital, an online financial advisor, and personal wealth manager, formally announced its Socially Responsible Personal Strategy Investment portfolios surpassed $1 billion in assets under management.
What Happened? Alongside a historic liquidation in financial markets, investors helped fuel a 109% year-over-year growth in total assets managed in ESG portfolios, signaling a market-wide appetite for sustainable investing.
“We’ve seen assets managed in our ESG portfolios more than double year-over-year in every month since inception,” said Brendan Erne, Director of Portfolio Management at Personal Capital. “There is clearly a growing interest in those looking to invest more sustainably and responsibly.”
Since 2018, in partnership with Sustainalytics, a leader in ESG and corporate governance research, Personal Capital’s Socially Responsible Personal Strategy has provided investors the ability to make an impact with their 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.”
What’s Next? Personal Capital, alongside One Tree Planted, committed to planting a tree for the next 2,500 future clients who invest assets into its ESG-focused strategy.
“Personal Capital is a purpose-driven organization built on a foundation of transparency, accountability, collaboration, and trust,” said Jay Shah, CEO at Personal Capital. “We are a brand that stands for doing the right thing, always. Though these are small actions, we hope giving back to help environmental causes with the donations of trees will help increase the involvement of communities as we all strive to create positive change.”
To learn about impactful financial wellness with Personal Capital, click here.
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