Financial advisers should play a role in their clients’ philanthropy and impact investing by helping to provide a more comprehensive view of their investment decisions, according to State Street Global Advisors.
Speaking with ifa sister title Nest Egg, State Street Global Advisors vice president and head of practice management for global SPDR business Brie Williams said advisers play an important role in their clients’ philanthropic activities.
“You’re going to have individual investors and families that are just on the beginning end of exploring strategic philanthropy, so a financial adviser can really help professionalise their efforts,” she said.
Ms Williams said advisers should look to assess their clients’ motivations for wanting to make impact investments and look at both the intrinsic and extrinsic motivators to assist them “maintain and articulate a long-term vision”.
“Help me be really savvy with how I give, help me think about this more comprehensively, and help me find ways to look for outcomes in my orientations,” she said.
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ASIC has issued a permanent ban to the former financial adviser.
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