Pushing into the sustainable investing/ESG space, Founders Financial Securities, an RIA and independent broker-dealer based in Towson, Maryland, has added several new strategies to its second-party asset management platform that have no account minimums.
The move comes due to high demand from the firm’s clients, typically small to midsize independent advisors, who have told Founders “consistently” that there is “the need for an integrated solution that empowers the construction of portfolios comprised of sustainable investments,” said President and CEO Bradley Shepherd in a statement.
The firm added five strategies.
“We’ve launched our first dedicated series of SI-focused strategies,” Peter Murphy, chief investment officer, told ThinkAdvisor. “And within that strategy we will only use funds that embrace SI principles like those offered by Calvert and Pimco and Pax and the like. It’s the strategies that are available, not just a listing of funds. It’s an important distinction.”
He said that the strategies are more “holistic” than just one focusing on reduced carbon or other SI areas. In addition, there are multiple levels for customer risk appetite.