Fewer Advisors to Recommend ESG Strategies in 2022:Report

In January, Fuse Research Network projected that advisor allocations to ESG strategies would reach16% by 2023 from just 9%, as reported. Investors may still up allocations to ESG after sitting on the sidelines during this period of economic uncertainty, said Jeff Strange, a relationship manager at FUSE. “If I don’t have a strong sense of what I’m doing with ESG from a practice standpoint, and how I’m implementing it with my clients in a standardized way, I’m probably not going to pick now as the time to increase my [ESG] allocation,” he said. The advisors pumping the brakes on ESG tend to be independent broker-dealers and independent RIAs, rather than larger firms with more due-diligence resources, Strange added.

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Article published on June 13, 2022