Introduction
As more and more people become aware of the impact their investments can have on the world, ethical investment platforms have become increasingly popular. These platforms allow investors to put their money into companies and projects that align with their values, whether that be environmental sustainability, social justice, or corporate responsibility. In this article, we will review some of the top ethical investment platforms available today.
Platform 1: Wealthsimple
Overview
Wealthsimple is a popular robo-advisor that offers socially responsible investing options. The platform allows investors to choose from a range of socially responsible ETFs that align with their values.
Pros
- Low fees
- Easy-to-use platform
- Wide range of socially responsible investment options
Cons
- Limited customization options
- Not as many advanced features as some other platforms
Platform 2: Betterment
Overview
Betterment is another robo-advisor that offers socially responsible investing options. The platform uses a mix of ETFs to create a diversified portfolio that aligns with the investor’s values.
Pros
- Customizable portfolios
- Automatic rebalancing
- Access to financial advisors
Cons
- Higher fees compared to some other platforms
- Not as many socially responsible investment options
Platform 3: OpenInvest
Overview
OpenInvest is a platform that allows investors to create customized portfolios based on their values. The platform uses individual stocks rather than ETFs, giving investors more control over their investments.
Pros
- High level of customization
- Transparent fees
- Direct impact reporting
Cons
- Higher minimum investment compared to some other platforms
- Not as user-friendly as some other platforms
Conclusion
Choosing an ethical investment platform is a personal decision that depends on your values, financial goals, and level of comfort with different types of investments. Each of the platforms reviewed in this article offers unique features and benefits, so it’s important to do your own research and choose the platform that best aligns with your values and financial objectives.
