moXY Financial’s 20 by 20 Initiative is a sponsorship program to help at least 20 African American advisors obtain their CFP credentials by the end of 2020. This initiative is about creating a space in which students have the ability to hold each other accountable, create a network to help them study, and properly prepare for the exam. Our goal is to set up a scenario where the students can receive coaching and mentorship around the exam topics from folks who are seasoned professionals.
On May 1 and 2, Good Capital Project and ImpactPHL hosted the second annual Total Impact Philadelphia in partnership with the CFA Society Philadelphia, Intentional Endowments Network, Toniic, and Wharton Social Impact Initiative. Check out our Day 1 highlights!
Good Capital Project (GCP) partnered with Wharton Social Impact Initiative (WSII) to develop the Total Impact Portfolio Challenge, an annual “100% ESG and impact” portfolio construction competition for graduate students.
Brie is a Vice President of State Street Global Advisors and Head of Practice Management for the Global SPDR Business. She manages a team dedicated to the evolving needs of wealth management firms and financial advisors; developing business-specific insights to facilitate growth and efficiency beyond asset management.
Jennifer is a Director of Client Services for the United States and is based in Boston, Massachusetts. She is responsible for the execution of sales, marketing and business development initiatives for the region. Jennifer joins Arabesque with significant experience working with institutional clients in North America in sales and trading capacities while at Goldman Sachs & Co.
At Social Venture Circle, our strength as a merged entity is having a sense of local community with the advantages of a national network regarding peer-to-peer, investor, and national networking. In the non-profit and social impact space, we focus on supporting and empowering businesses with profit and purpose. Our goals relate to the way we support our membership companies and their networks of entrepreneurs, investors, service providers, thought leaders, and educators.
The list of foundations beginning to move their endowment assets to align to their values and mission keeps expanding. As the universe of investable impact investing product grows and diversifies across asset classes, it is a natural progression for the asset allocation of foundations’ endowment to reflect their core values. This congruence of the investment allocation with the programmatic focus areas is an interesting trend to watch out for and the early findings will bolster the “no trade-off for impact” school of thought.
Our goal at Envestnet is to enable advisors to meet their clients’ specific needs and empower them to create deeper and more meaningful relationships. Having impact conversations with client’s shows that we care about their money and passions. In general, we see impact as a large opportunity.
On the first day of Total Impact Boston, panelists focused on ESG and impact investing strategies across asset classes. The day started with a powerful statement from Ian Simmons quoting his co-founder and wife, Liesel Pritzker Simmons, “We don’t invest in products and companies that, when used properly, kill people.”
On Day 2, in addition to continuing to explore strategies and emerging opportunities across asset classes and sectors, Total Impact Boston featured key Boston stakeholders, local impact success stories, and innovative place-based opportunities. The importance of developing strong local ecosystems and fostering cross-sector collaboration was reiterated time and again over the day.
Our approach is simple: avoid investing in the bad stuff and find opportunities for good stuff. The field is always evolving so it takes a commitment to being open to new opportunities. Impact investing is treated as novel, but most of it is traditional business strategies with more standards.
Toniic is proud to announce the Impact Terms Project (ITP), a free and publicly accessible resource that offers practical guidance to investors, entrepreneurs, and intermediaries seeking to generate social and environmental impact while achieving financial returns.
Greater adoption of impact is driven by a combination of value alignment, risk mitigation, and growth opportunities. Clients are motivated by holding corporations accountable, supporting specific issue areas, and having a positive impact. In our research, 8 out of 10 investors believe companies should seek responsible growth by making a profit while taking responsibility for impact.