Top Robo-Advisors for Ethical Investing: Investing with Your Values
Top Robo-Advisors for Ethical Investing
With the rise of socially responsible investing, more and more investors are looking for ways to align their values with their investment choices. Robo-advisors, which use algorithms to create and manage investment portfolios, are a popular option for those looking to invest ethically. Here are some of the top robo-advisors for ethical investing:
1. Wealthsimple
Wealthsimple is a popular robo-advisor that offers socially responsible investing options. They offer a range of socially responsible ETFs that focus on companies with strong environmental, social, and governance (ESG) practices. Wealthsimple also allows investors to exclude certain industries, such as fossil fuels or weapons, from their portfolios.
2. Betterment
Betterment is another robo-advisor that offers socially responsible investing options. They offer a socially responsible portfolio that includes companies with high ESG scores and exclude companies involved in controversial industries. Betterment also allows investors to customize their portfolios based on their values and preferences.
3. Ellevest
Ellevest is a robo-advisor that focuses on investing for women, but they also offer socially responsible investing options. They offer a range of impact portfolios that focus on companies with strong ESG practices and positive social impact. Ellevest also takes into account factors such as gender diversity and leadership when selecting investments.
4. EarthFolio
EarthFolio is a robo-advisor that specializes in environmentally sustainable investing. They offer a range of environmentally focused portfolios that include companies involved in renewable energy, clean technology, and sustainable agriculture. EarthFolio also allows investors to exclude companies involved in fossil fuels or other environmentally harmful industries.
5. Swell Investing
Swell Investing is a robo-advisor that focuses on impact investing. They offer a range of themed portfolios that focus on issues such as clean water, renewable energy, and green technology. Swell Investing also allows investors to customize their portfolios based on their values and interests.
Overall, there are a number of robo-advisors that offer socially responsible investing options for investors looking to align their values with their investment choices. Whether you’re interested in environmental sustainability, social impact, or gender diversity, there’s a robo-advisor out there for you.